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Multi Entity Management

- A tool for Master Data Management

Multi Entity Management is an extension for Microsoft Dynamics 365 Business Central, designed specifically to enhance master data management across multiple entities within your organization. This solution facilitates the integration with Microsoft Dynamics 365 Business Central, allowing you to create synergy among different business units.

With Multi Entity Management, you can streamline business processes and significantly improve the efficiency of managing your master data, ensuring that all entities operate with consistent and reliable information.
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What is masterdata and Multi Entity Management?

Masterdata refers to fundamental information used across an organization. When data comes from different sources, challenges such as duplicates and differing definitions of identical products/information can arise. Therefore, it's crucial to have control over master data management to ensure everyone has access to accurate and consistent information within the organization.

That's precisely what Multi Entity Management provides - our extension to Microsoft Dynamics 365 Business Central allows you to create synergy across your entities. Multi Entity Management is integrated with Microsoft Dynamics, enabling you to experience optimized business processes and much higher efficiency in managing your masterdata.

Optimization and importance of master data management

In a company's complex ecosystem, master data, also known as reference data, plays a crucial role. Basic information about customers forms the core of business processes such as procurement, logistics, sales, marketing, finance, and HR. To ensure smooth and efficient operations, it is essential to implement management and control of master data so that the information is always updated and synchronized.

Today, companies rely on multiple systems and platforms to conduct their business. Problems typically arise if these systems are not properly integrated. This results in multiple versions of the same information, leading to outdated, inconsistent, and incomplete data that requires significant manual cleanup.

Poor data management not only causes internal complications but also affects external stakeholders such as customers, suppliers, and partners. Errors such as lost orders, billing issues, and incorrect deliveries undermine credibility and ultimately result in fewer customers in the store.
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Why do you need master data management

Multi Entity Management addresses the master data challenge by enabling efficient management and utilization of master data within the organization. It centralizes and optimizes the management of master data, facilitates seamless interaction between business units, and enables effective cross-business assessments.

Timesaving

Centralized management

High-quality data

What is Data Governance?

Data Governance is a set of rules within master data management. It's a crucial discipline within master data management, focusing on establishing guidelines and responsibilities for the governance, control, and quality assurance of master data. This practice ensures that the company has clear processes for collecting, updating, and sharing master data.

By implementing effective Data Governance, the foundation for reliable and consistent master data is strengthened, which is crucial for successful master data management. An effective Data Governance strategy facilitates coordinated and systematic oversight of data-related decisions across the organization. By addressing risks associated with data, Data Governance ensures confidentiality, integrity, and availability of information. At the same time, it creates transparency around data administration, producers, and users.
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Attaining and maintaining quality data

Ensuring high data quality comes with a variety of challenges. However, the primary cause of most errors is human-related and often stems from too many manual processes.

Therefore, it is important to improve your data quality and correct existing errors to prevent building upon a mistake in the future. This way, you can proactively address data quality issues from the outset. If your organization lacks clear data entry guidelines, it is crucial to review and update these guidelines and adjust the systems accordingly.

Similar to the work in master data management, maintaining data quality is not a one-time task but should be a task you revisit and prioritize consistently.

Get insights from our MEM videos here. If you want more information or a free demo, click the button or fill out the form below.
Mads Koch XtensionIT
Mads Koch
Senior Consultant
We are an innovative software developer focused on integrations for Business Central. Our solutions, built on Microsoft Dynamics 365 Business Central enhances our customers needs and optimizes their business processes in Business Central.
+ 45 32 42 66 34 info@xtensionit.com
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