Reporting cannot be 100% trusted as it moves between systems that are integrated or even purchased from the same vendor, because of differences in the metadata.

(See video that explains metadata in 49 seconds https://masterfuldata.com/intro-product)

Metadata is a fancy way to describe where the data is assigned to “Operate & Act” in each system you have.

Data needs to be told where to “Go” when it is pumped from one system or even application to another, or the entire data load will fail, and the integration will not work. Examples of metadata are accounts, entities, departments, and hierarchies.

To put this problem in context, the metadata reconciliation workflow consumes an average of 16 hours per week per analyst level person in: Finance, supply chain and operations. This is as manual a task as using a pencil instead of a PC, so it is an expensive and dangerous problem. In terms of money, this costs companies about USD$43,000 per year per staff member in terms of labor. So, for every 25 staff members at your company, it costs over a million a year in labor and it often is not even correct!

The software to fix this problem is available for FREE regardless of record count or user count. So that makes Masterful Data the only real choice.

In the illustration below, things get really messed up, noted by the red lines, when each work group adds / deletes: Accounts, entities, departments, and hierarchies. Then uses manual tools like Excel, email, and phone calls to notify other teams that it happened.

There is just too large a volume of these changes to manage with Excel, email, and phone calls.

Careers get damaged unfairly, workstream costs grow exponentially and people quit because they get trapped doing work that has no promotional path.

We use Masterful Data (www.masterfuldata.com) to automate this mess and have the master data advisory skills to help you govern your data so that your: Reporting, analytics, transformation and AI works!

Master data management has become a very big risk and drain on costs in the last few years. We fix that, and the software part is available for FREE!