Master Data Management
OSI's Master Data Management (MDM) services are tailored to improve the ability of the enterprise to quickly respond to business changes by collecting and managing key business dimensions and their relationships across existing systems into single views and delivering these views whenever and wherever they are needed. Fragmented and inconsistent data reduces operation efficiencies, negatively impacts controls, and increases risks due to the decisions that are based on incomplete information. Master Data is the critical business information supporting the transactional and analytical operations of the enterprise.
Common challenges of Master Data Management:
- Multiple inconsistent metrics, master data and reporting structures across the enterprise.
- Complex and resource intensive data reconciliation between various reporting and analytical systems and structures.
- Lack of data governance, audit trail and regulatory compliance.
- Lack of interoperability and flexibility between key operational and analytical applications.