Friday, July 12, 2024

Sap Master Data Governance Best Practices

Don't Miss

Who Should Be Involved In Your Mdm Program

Top Five Best Practices for SAP Master Data Governance I Zarantech

Now that you understand the what and why, lets talk about the who and really, there are a several different ways to think about who to involve in an MDM program. First, lets take a high-level look at three core roles:

  • Data Governance: Individuals who drive the definition, requirements and solution. These users help administrators know what to create and data stewards know what to manage and how to manage it. Data governance users dictate to data stewards how data should be managed, including the processes for doing so, and then hold the data stewards accountable to following those requirements. Data governance users also dictate to administrators what to create during the implementation of the MDM solution, especially from a data matching and quality perspective.Data governance users also need to maintain a feedback loop from the MDM software to ensure everything is working as expected. This feedback covers the measurement perspective of the MDM program and might include information like:
  • How long does it take to onboard a new customer?
  • Is that process getting faster or slower?
  • How is the company doing compared to its SLA?
  • If there are any areas that are slipping, why is that happening?
  • How well is the data matching working?
  • How many business rules are failing from a data quality perspective?
  • Administrators: Individuals in IT who are responsible for setting up and configuring the solution.
  • Other MDM roles can include and vary by organization/project type:

    Healthy Signs

    Data Governance Vs Data Management

    Data governance is just one part of the overall discipline of data management, though an important one. Whereas data governance is about the roles, responsibilities, and processes for ensuring accountability for and ownership of data assets, DAMA defines data management as an overarching term that describes the processes used to plan, specify, enable, create, acquire, maintain, use, archive, retrieve, control, and purge data.

    While data management has become a common term for the discipline, it is sometimes referred to as data resource management or enterprise information management . Gartner describes EIM as an integrative discipline for structuring, describing, and governing information assets across organizational and technical boundaries to improve efficiency, promote transparency, and enable business insight.

    Sap Mdg: Addressing The Current Erp And Pain Points

    One consideration that SAP data governance management makes is management of pain points within the company when it comes to the ERP implementation. ERP is the designation given to a class of business software intended to facilitate the processes of a company end to end.

    Enterprise Resource Planning can help address a businesss pain points, or an issue that is causing problems within a company that requires a solution. These issues are often systematic and affect the bottom line and therefore, require a successful, immediate solution to limit inhibitions to the growth of a company.

    Pain points related to lack of Master Data Controls occur in all areas of a company, including but not limited to, order to cash, procure to pay, finance to report, manufacturing, e-Commerce, and architecture and systems integration.

    Pain points can then be organized into categories including positioning pain points, productivity, financial, people, process, and productivity.

    Don’t Miss: How To Sign Up For A Free Government Phone

    Build Your Mdm To Drive Business Goals

    Creating the structure and reference data for your MDM should not be solely on the shoulders of the IT department. Business leaders need to set clear objectives about how they want to use business-critical data and communicate business goals to your MDM team.

    To align the MDM with your business, start with KPIs, budgets, quarterly goals, and five-year plans. Identify the metrics that reveal your progress and blank spots in your analytics and work backward. Where will clean, consistent and connected master data have the biggest impact? For example, consider the following questions:

    • Will it improve customer experience and boost NPS scores, revenue, and retention?
    • Would it help you segment customers more effectively and boost conversion rates?
    • Would it help you identify customers faster across channels and reduce issue resolution times?
    • Would it help you detect fraud faster or revenue leakage?
    • Would it improve the efficiency of processes?
    • Would it accelerate reporting for compliance?

    Starting with the end goal in mind and always keeping MDM in a business context ensures that you continually reexamine it and evolve it with the business. Modern MDM platforms support internal Reference Data Management and foster agility to power digital innovation.

    Pitching Sap Mdg To Executives

    SAP Master Data Governance, retail and fashion management ...

    Learning how to leverage data and data governance ensures that you improve business outcomes such as gained trust and compliance, identifying new opportunities through data analysis, addressing regulatory requirements and, the most important aspect of data management, ensuring security and integrity. The Return on Investment while using the SAP MDG program has proven that both time related and non-time related savings can occur from the use of MDG.

    Master data governance encourages collaboration between the business, who owns the master data, and IT sponsors, who provide the tools. By establishing rules, responsibilities, processes, and KPIs, you can plan a phased approach to help you successfully maintain, utilize, and understand the master data that you are working with to help build a business case, while prioritizing goals that are significant, achievable, and successful .

    Also Check: Government Filing Fee For Trademark

    Goals Of Data Governance

    The goal is to establish the methods, set of responsibilities, and processes to standardize, integrate, protect, and store corporate data. According to BARC, an organizations key goals should be to:

    • Minimize risks
    • Improve internal and external communication
    • Increase the value of data
    • Facilitate the administration of the above
    • Reduce costs
    • Help to ensure the continued existence of the company through risk management and optimization

    BARC notes that such programs always span the strategic, tactical, and operational levels in enterprises, and they must be treated as ongoing, iterative processes.

    Why Is Master Data Governance Important To Sap Functional Personnel

    For SAP functional personnel, integration projects are crucial to execute well. Both small and large products, first and foremost, require standard and consistent data.

    If youre moving to an ERP system like SAP S/4HANA, understand that a common misconception is that the ERP system would provide standard, consistent data across your network. On the contrary, an ERP tool is not a one-stop solution for data management. Conducting an audit of your business data is the most important step to prepare for a S/4HANA migration. You want to migrate to a new environment with clean data for a fresh start.

    Not only does SAP projects require high-quality data, SAP itself offers a Master Data Governance solution. With a single solution, you gain a single, trusted view of your data to address any operational challenges head on.

    If youre strategizing a digital transformation with SAP products, its pivotal for you to get your fractured and inconsistent data under control before you do so!

    Also Check: Government Jobs For History Majors

    Master Data Management Technical Leadresume Examples & Samples

    • Develop, implement, and support Master Data Management application using Informatica MDM V 9.5.1
    • High Level design of core MDM hubs , MDM data loading and data cleaning functions, match rule creation
    • Define and Tuning the match criterion in Informatica MDM using trust and master record configuration
    • Setup and train data stewards using Informatica Data Steward console to maintain of Customer and Product Master Data
    • Install and/or configure WebLogic server and setup as application server and cleanse server in Informatica MDM
    • Custom Java coding for Writing User Exits in Informatica MDM
    • Design the end-to-end data governance life cycle in order to maintain the data using multiple data sources and setting up trust based on the source system to build Best Version of Truth
    • Apply Hot Fixes provided by Vendor to the Informatica MDM servers and console
    • Establish good master data management practices in support of improved operational efficiencies to reduce data errors and inconsistencies, and increase the quality of the information for applications and processes
    • Coordinate the design and technical development of MDM services and overall application implementation including
    • Requires a Bachelors degree in Electronics and Communications, Electrical Engineering, Computer Science or a Related Field and 5 years of experience in job offered or 5 years of experience in the Related Occupation

    Why Bother With Managing Master Data

    SAP Insider Webinar Best Practices for Value Monetization of Master Data Management and Governance

    Because master data is used by multiple applications, an error in the data in one place can cause errors in all the applications that use it.

    For example:

    An incorrect address in the customer master might mean orders, bills and marketing literature are all sent to the wrong address. Similarly, an incorrect price on an item master can be a marketing disaster and an incorrect account number in an account master can lead to huge fines or even jail time for the CEOa career-limiting move for the person who made the mistake.

    Real Life Master Data Example: Why You Need Master Data

    A Typical Master Data Horror Story

    A credit card customer moves from 2847 North 9th St. to 1001 11th St. North. The customer changed his billing address immediately but did not receive a bill for several months. One day, the customer received a threatening phone call from the credit card billing department asking why the bill has not been paid. The customer verifies that they have the new address and the billing department verifies that the address on file is 1001 11th St. North. The customer asks for a copy of the bill to settle the account.

    This would not be bad if you could just union the new master data with the current master data, but unless the company acquired is in a completely different business in a faraway country, theres a very good chance that some customers and products will appear in both sets of master datausually with different formats and different database keys.

    In Summary

    Don’t Miss: Free Grant Money For Home Improvements Government

    Data Governance Tools And Technology

    Creation of the data governance framework does not require any additional tools. However, technologies can help collect, manage, and secure the data. Consider these:

    • Information steward applications assist in data profiling and monitoring the performance of the enterprises data governance policy. It facilitates executing information governance initiatives across the business units, enforcing quality standards with data validation, and measuring the improvement of data quality processes.
    • Metadata management solutions, often referred to as EMM , categorize and consistently organize an enterprises information assets and has become increasing important in the era of Big Data. Information of the data asset that is maintained include type, tags, source, and dates.
    • Information lifecycle and content management technologies control data volumes and manage risk with automated information archive, retention, and destruction policies. Content management-specific capabilities can also streamline business processes by digitizing documents and integrating relevant content with transactions and workflows.
    • , or augmented data integration, enhances existing enterprise data with information attained using new technologies such as AI and machine learning. The goal is to improve decision making and help some applications in becoming more self-tuned.

    What Are The Best Practices In Central Master Data Management Process

    While maintaining object attribute subsets for local systems might be the smartest course of action for some business processes, companies will want the option of a more centralized solution for other business processes. That is why an MDM solution should also support the maintenance of a complete object definition including object dependencies in a centralized server for master data.

    Under such an arrangement, the maintenance of local systems happens rarely if ever. Instead, active status management procedures are used to update each of the individual distribution steps so that distribution can be executed in a controlled, transparent, and traceable manner.

    The central maintenance of master data has numerous advantages for global companies seeking ways to enforce, among other things, brand identity and consistent product specifications. For example, a centralized data pool could supply globally dispersed upper management with consistent control over information relating to important global accounts.

    A similarly centralized data pool could supply up-to-date product data to multiple locations for the smooth management of production, assembly, sales, and distribution.

    Maintenance in local client systems now happens only rarely or not at all. Active status management updates each of the individual distribution steps, so that the distribution process can be handled and traced in a controlled and transparent manner.

    Why Master Data Management?

    Recommended Reading: Government Grants For Stroke Victims

    What Is Sap Master Data Governance

    SAP Master Data Governance is a state-of-the-art master data management solution, providing out-of-the-box, domain-specific master data governance to centrally create, change, and distribute, or to consolidate master data across your complete enterprise system landscape.

    SAP MDG ensures data integrity across both SAP and non-SAP systems and is an integrated foundation for optimized business processes leading to higher productivity with trusted data, ensuring consistency and saving time and money.

    Introduction to SAP Master Data Governance from a Business Perspective

    What Is The Framework For Data Governance

    SAP Master Data Governance in 2020

    A data governance framework refers to the model that lays the foundation for data strategy and compliance. Starting with the data model that describes the data flows inputs, outputs, and storage parameters the governance model then overlays the rules, activities, responsibilities, procedures, and processes that define how those data flows are managed and controlled.

    Think of the model as a kind of blueprint of how data governance works in a particular organization. And note that this governance framework will be unique to each organization, reflecting the specifics of the data systems, organizational tasks and responsibilities, regulatory requirements, and industry protocols.

    Your framework should include the following:

    • Data scope: master, transactional, operational, analytical, Big Data, and so on.
    • Organizational structure: roles and responsibilities between accountable owner, head of data, IT, business team, and executive sponsor.
    • Data standards and policies: guideposts that outline what youre managing and governing and to what outcome.
    • Oversight and metrics: parameters for measuring strategy execution and success.

    Also Check: California Government Tort Claim Form

    Technical Lead Master Data Managementresume Examples & Samples

    • Minimum of 4 years of Information Technology experience in the areas of technical implementation of MDM solutions
    • Skills and proven experience in the definition of Master Data Management tools, End to End solution analysis, and MDM solution delivery
    • Strong understanding of Master Data Management concepts, design principles, and best practices
    • Hands on configuration and implementation experience using Informatica MDM
    • Exceptional interpersonal and communication skills
    • Strong ability to work independently and a demonstrated ability to succeed in a dynamic and complex team environment

    Benefits Of Data Governance

    Most companies already have some form of governance for individual applications, business units, or functions, even if the processes and responsibilities are informal. As a practice, it is about establishing systematic, formal control over these processes and responsibilities. Doing so can help companies remain responsive, especially as they grow to a size in which it is no longer efficient for individuals to perform cross-functional tasks. Several of the overall benefits of data management can only be realized after the enterprise has established systematic data governance. Some of these benefits include:

    • Better, more comprehensive decision support stemming from consistent, uniform data across the organization
    • Clear rules for changing processes and data that help the business and IT become more agile and scalable
    • Reduced costs in other areas of data management through the provision of central control mechanisms
    • Increased efficiency through the ability to reuse processes and data
    • Improved confidence in data quality and documentation of data processes
    • Improved compliance with data regulations

    Recommended Reading: Government Employee Car Rental Discount

    What Is Data Governance

    Data governance is a key part of compliance. Systems will take care of the mechanics of storage, handling, and security. But it is the people side the governance organization that ensures that policies are defined, procedures are sound, technologies are appropriately managed, and data is protected. Data must be properly handled before being entered into the system, while being used, and when retrieved from the system for use or storage elsewhere.

    While data governance sets the policies and procedures for establishing data accuracy, reliability, integrity, and security, data stewardship is the implementation of those procedures. Individuals assigned with data stewardship responsibilities manage and oversee the procedures and tools used to handle, store, and protect data.

    San Diego Sap Se Today Announced The Newest Version Of The Sap Master Data Governance Application Which Provides Customers A Strong Master Data Foundation For Improved Business Efficiency Process Flexibility And Simplification

    Data Modeling in SAP MDG | SAP Master Data Governance Overview – 2 || Best Sap MDG Training

    Updates include intuitive analytics and enhanced mobile functionality with SAP Smart Business cockpits powered by SAP HANA and new SAP Fiori apps for master data governance. This announcement was made at the TDWI conference, taking place in San Diego Oct 27.

    Information governance is crucial to the success of all digital transformation initiatives be it a business network, Internet of Things or Big Data and analytics undertaking, said Philip On, vice president, product marketing, Enterprise Information Management, at SAP. Our newest version of SAP Master Data Governance offers a strong technology foundation to manage SAP and non-SAP data across any master data domain in one single application. It simplifies master data management and helps customers accelerate their digital business journey.

    The latest version of SAP Master Data Governance expands master data consolidation functionality to the material data domain in addition to supplier and customer data. New integration scenarios facilitate an exchange of master data across SAP S/4HANA, the Ariba Supplier Information and Performance Management solution and SAP Hybris e-commerce solutions, helping customers better manage data across hybrid cloud and on-premise applications and processes.

    For more information, visit the SAP News Center. Follow SAP on Twitter at .

    Media Contact:

    Julia Fargel, SAP, +1 276-8964, , PT

    Recommended Reading: How To Get Government Assistance For Health Insurance

    More articles

    Popular Articles