Many multi-subsidiary companies face daily problems with data structure and communication. Their subsidiaries use their own databases and different systems, which makes it impossible to communicate effectively. This has business drawbacks in many operational areas. The lack of standardized data management triggers problems with monitoring subsidiary performance, as well as applying uniform pricing and distribution policies. Processes become more and more inefficient. In order to eliminate such processes, IT.integro has developed Master Data Management System (MDMS).
MDMS is an add-on solution ERP system certified by Microsoft. It supports data synchronization and standardization in multi-subsidiary companies. In most cases, MDMS is incorporated into the Global Template that is used as an extension of the standard Microsoft Dynamics NAV functionality designed to fulfill the needs of multiple subsidiaries operating within a single corporate group
Organizations whose subsidiaries work on different databases face typical difficulties. Obstacles cannot be avoided as long as subsidiaries manage their data independently. The simplest solution is to create transparent processes of information exchange and management. MDMS is a tool facilitating this process.
Read about benefits like faster implementation of changes within the company – all modifications of global data (inventory, price lists, contractor data, etc.) are automatically transmitted to all subsidiaries, simplified and more efficient data management from headquarters or complete master data synchronization in all subsidiaries.
There is a tendency to treat the Master Data Management System module as a magic wand which is used to sort out inconsistent data stored in various Microsoft Dynamics NAV companies and databases and to prevent inconsistency drawbacks. However, this approach results from misconception about how the module works. Slow-moving inventory and stock reduction in international companies with Dynamics NAV In global companies it is possible to effectively reduce slow-moving inventory in multiple warehouses. Slow-moving inventory in one warehouse may be required in other subsidiary. If a group of companies starts collecting data about those products, there is a good chance of stock reduction in their global quantity.
Large companies usually delegate whole departments to data maintenance tasks. Their goal is to set up new cards, create technical documentation and enter data into a database. With the Master Data Management System, which imposes specific standards, the data quality enhancement process is much simpler. After implementing such standards, it is easier to set up the system for data synchronization, which is the final stage of the data quality upgrade process.
Methodology is a set of tools and good practices that secure the effective implementation of the ERP system. It has been designed based on many-year experience of Microsoft consultants and partners.
The tool used for master data management is only a part of the whole process which leads towards implementation and the maintenance of data consistency. Before the tool is used, it is necessary to adopt policy for data numbering and cleansing. After the implementation of Master Data Management System for Microsoft Dynamics NAV is completed, a separate process has to be performed to apply all numbering changes.
As organizations expand globally, their needs and ambitions change due to the scope and complexity of their operations and the challenges they face at the local level.
I must say the design that went into this addon is extremely clean and one of the best I’ve seen! Your team has done wonderful work here!
Utilizes the MDMS system, provided by IT.Integro, to facilitate central control of all finance master data, customer & vendor master data, system settings, and items related master data. We have used this system since June 2017. This system has helped Kleen-Tex to control our master data and to keep it consistent between the databases. Due to the high volume of intercompany transactions we have, this his helped a lot in stream lining the documents between systems. We are currently testing the new version of MDMS that will give us additional functionality, such as direct SQL to SQL replication, possibility to delete in efficient way, and other features. We are happy to comment on those features after we have time to test them and use them in a productive setting.