Master Data Management Definition

Master Data Management (MDM) in Eccentex AppBase refers to creating, maintaining, and governing a central repository of high-quality, authoritative, and consistent data entities critical to an organization's operations and decision-making.

In AppBase, MDM involves defining and managing master data entities, typically shared across multiple applications, systems, and business processes. These entities could include customer records, product catalogs, vendor lists, financial hierarchies, and other essential reference data for business operations.

The MDM capabilities in Eccentex AppBase enable users to:

• Define data models and hierarchies that reflect the organization's business structure and relationships
• Establish data quality rules, validation criteria, and governance policies to ensure data consistency and accuracy
• Maintain a single source of truth for master data entities and synchronize updates across different systems and applications.
• Provide data stewardship and approval workflows to manage data changes and ensure compliance with regulatory requirements.
• Monitor data quality and usage metrics to track performance and identify areas for improvement.