Finding Better Solutions for Master Data Management

Companies need to have a database of their employees and, more importantly, their customers to ensure that things run smoothly and that they don’t lose valuable information that could also mean losing profit and spending more money on data recovery as well as using up more resources in redundant functions.

In finding better solutions, you can always count on the experts – and these are companies that rate higher in Gartner Master Data Management.

Profisee, a leading modern data management technology company, has been positioned by Gartner in its October 2017 Magic Quadrant for Master Data Management Solutions.

Vice President of Global Product Management Eric Melcher said, “This is exactly what we are seeing in the marketplace across industries and in all types of use cases. To us, the need for trusted master data is critical to achieving digital transformation for our customers. Our customers’ and their data stewards demand an easy to use, easy to deploy data management platform. With Profisee, our users leverage a personalized experience, created and managed by the business, with complete integrity to the data to be mastered.”

Why Use Master Data Management?

Some companies are still unsure whether they need master data management in their business. If your business is still starting out, you might opt to manually input customer data but you will soon find out that this can be time-consuming.

Moreover, you would have to deal with other aspects of the business; thus, data management might be put on hold. That might seem like a negligible thing but you’ll find it easier to rely on data management systems to ensure you don’t lose valuable data.

If you continue relying on conflicting sources of information, especially manually inputted data, you might end up spending more due to redundancies.

For example, your marketing team might contact clients, even though they no longer use their old contact numbers. But with multiple sources of information and through master data management, you can focus more on the things that matter most in your business without spending too much on costly redundancies.

Remember, associated costs can be high with such errors, especially in large companies. So, you are better off with relying on the experts on master data management to ensure you don’t lose information as well as money.

But master data management is not just for customer information but for other important information. This means that the product is also perfect for companies with segmented product lines as well as multiple products that need constant updates.

This is a sponsored post.