Master Data Management (MDM) Hub - for ManufacturingDatabase Management SoftwareUpdated on Oct 25, 2014 View more like this | Visit RARITAN, NJ | Contact SynapZen |
Master Data Management (MDM) Hub - for Manufacturing
Business executives are constantly under pressure to increase sales, decrease risk and improve profitability. They come across questions like the following on a daily basis, and need to continuously improvise on their business strategy.
· What are customers buying across channels and lines of business?
· What is our trade compliance risk?
· What is our credit exposure across our customer base? Can we lower it?
To answer these and other related questions, executives needs definitive data about customers, products, locations, vendors, suppliers, regulations, credit limits and credit exposure. But too often, they lack quality data because it’s spread across disparate systems and business units, or it exists in slightly different formats - among other reasons. Consequently, they don’t know which data records to trust, making it difficult to answer fundamental questions about the business.
By bringing integrity, visibility and accuracy to enterprise data, Master Data Management (MDM) solutions can improve business decision-making and KPIs. MDM and information governance practices intend to confirm the integrity and accuracy of data, and provide organizations with the “single version of truth” needed to answer important business questions.
Business Benefits for Manufacturing Companies
Business Benefits
Increased Collaboration
Various departments use specialized applications such as CRM, Email systems, Marketing, ERP, Websites, etc. to optimize each function. Inter-departmental collaboration requires systems whereby action in one system can trigger business events in others, for example, a client's visit to a particular section of the website should notify Sales or Marketing of next steps in order to explore potential opportunities.
Increased Revenue per Customer
Many companies maintain terabytes of customer data, but because it’s often inconsistent, they can’t use it effectively. As a result, companies miss opportunities to offer discounts and other incentives aimed at growing revenue. MDM can standardize and unify customer data across systems.
Better Negotiation with Suppliers
For manufacturing companies it is most important to know who their suppliers are and their total spend, all of which can improve negotiations.
Increase Customer Profitability
Organizations can identify their most and least profitable customers when they know the amount of revenue each customer or customer segment generates, coupled with the cost of serving those customers or segments. Knowing customers’ total value allows companies to focus their resources on retaining those customers that matter most.
Standardize Product Information
Standard, centralized product data makes it easier for companies to promptly post information about new products to their various sales channels, speeding time to market and increasing available selling days.
SynapZen’s Master Data Management (MDM) Hub Provides Easy Solutions
SynapZen provides full-service cloud-based solutions allowing our clients to focus more on strategic initiatives and not have to concern themselves with operational and tactical issues. We provide industrial strength solutions at an affordable cost to our clients, helping them reduce the bottom line while increasing top line growth.
· SynapZen’s MDM Hub is available as a cloud-based SaaS (Software as Service.) Our clients can transfer costs from capital expenses (CAPEX) to operating expenses (OPEX.) This significantly reduces performance risks associated with large projects.
· SynapZen provides a multi-domain MDM Hub that is pre-configured to entities and relationships such as Customers, Vendors, Products, Employees, etc.
· SynapZen’s MDM Hub can be easily extended using a complete configuration-driven approach to meet specific client, initiative or project-related Master Data elements. No coding is required.
· SynapZen provides very economical Data Stewardship services, relieving clients from hiring, training and supporting data stewards. Our team can be easily increased or reduced based on our client’s priorities.
Key Entities to be Managed in MDM Hub
SynapZen’s MDM Hub can be easily set up with various entities such as Customers, Vendors, Products, Employees, etc. This can be readily extended by our configuration team to any type of entity. Once configured, MDM Hub can quickly and easily source data from various systems such as CRM, Marketing, Website, external data providers, etc. in batch or real-time. SynapZen’s MDM hub can publish this data back to any operational and reporting systems to increase collaboration and accurate analyses.
Key Capabilities Available within SynapZen's MDM Hub
SynapZen's MDM Hub provides a systematic and out-of-box approach toward managing Master Data within your organization. We provide established SDLC methodology to set up your environment and enable capabilities required to manage entities specific to your business & industry.
Why Choose SynapZen MDM Hub?
Some of the key reasons to choose SynapZen’s cloud MDM Hub include:
· Our cloud-based SaaS approach delivers results in the most economical and efficient manner.
· Significantly less risk compared to large software vendor / SI – product & service offerings.
· SynapZen provides SLA-driven hosting, production support, configuration & Data Stewardship services, enabling clients to focus on more important strategic initiatives.
· Our MDM Hub is easily extended to store all Entities, Relationships & Hierarchies.
To see capabilities of SynapZen’s MDM in action, please don't hesitate to contact us:
Telephone: (908) 838-9200
Email: [email protected]
Web: www.synapzen.com
