Master Data Governance supports master data consolidation and central governance scenarios in a single application. You can eliminate data silos by consolidating master data stored and maintained in SAP soft-ware and third-party sources. You can process master data from cloud and on-premise sources, standardize it, and detect duplicates and put them in match groups. For each match group, the application builds a best record using fields from multiple source records based on survivorship rules. You can then replicate the validated best records back into the transactional applications or to a data warehouse to help improve business process efficiency and business analysis.
The application supports centralized creation and maintenance of master data. This helps automate governance by controlling data quality at the point of authorship. By integrating data governance into business processes, you can help ensure that duplicate checks and field validations are performed before a new record is created. Standardized and automated workflow routing and notification help ensure participation from the right people at the right time, and they increase overall productivity. Version control and an audit history improve transparency and help ensure policy and regulatory compliance. In addition, role-based data access helps enforce security policy, even on mobile devices.
With Master Data Governance, you can gain a single, trusted view of your data and address digital, analytical, and operational challenges head on: