Master data is the core reference data that describes the fundamental dimensions of business— products, materials, vendors, customers, chart of accounts, location etc. Master Data Management (MDM) is a comprehensive strategy to determine and build a single, accurate and authoritative source of truth of a company’s information assets and deliver this on demand as a service. Master data is an important enterprise asset, and an effective MDM program is critical in maintaining good operational and financial health.
Harmonized master data is the foundation for companies to enhance their ROI on ERP / MRP projects and consolidation. Clean, consolidated and enriched master data optimizes inventory, improves operational efficiency, rationalizes spend and vendor base, prevents financial errors/frauds and improves control processes. However, successfully executing a large data harmonization project without compromising on quality, time and cost can be a very challenging task, if a traditional, manual approach is adopted.
Verdantis addresses these concerns with help of solutions based on Artificial Intelligence (AI) technology combined with its domain expertise to deliver projects on time and within budget. Post-Harmonization, Verdantis provides ongoing Data Governance and Stewardship through its Integrity Solution Suite. The AI driven tools and domain specific knowledge base automatically classify, de-duplicate, enrich, and manage master data. Verdantis solution components are compatible with all leading ERP / MRP platforms adopted by Global 2000 organizations.
The Verdantis Master Data Management solutions suite addresses issues related to:
- Material Master Data Management (MMDM) Learn More...
- Vendor Master Data Management (VMDM) Learn More...
Verdantis Automated Master Data Management (MDM) uses AI technology that blends cutting edge technology, proven best practices, and taxonomy/specifications/ MRO/vertical expertise.
Verdantis Automated Master Data Management Solution Suite
AI Technology :