What is Multi Entity Management?

Master data refers to the fundamental information used consistently across an organization. This includes critical data about customers, products, suppliers, employees, and other core business entities. Effective master data management is essential for maintaining accurate, consistent, and up-to-date information, which is crucial for smooth business operations and decision-making.

Read more about Master Data here

• Duplicates: Multiple versions of the same data can lead to inconsistencies.
• Differing Definitions: Variations in how identical products or information are defined across systems.
• Manual Cleanup: Significant effort required to reconcile and clean up data discrepancies.
• Integration Issues: Problems arising from systems that are not properly integrated, leading to outdated and incomplete data.

• Centralized Management: MEM centralizes the management of master data, providing a single source of truth for all entities within the organization.
• Optimized Business Processes: Streamlines and automates data management processes, reducing manual effort and minimizing errors.
• High-Quality Data: Ensures that master data is accurate, consistent, and up-to-date across all business units.
• Seamless Integration: Integrates with Microsoft Dynamics 365 Business Central, enabling smooth interaction between systems and business units.

• Synergy Across Entities: Facilitates collaboration and data sharing between different business units, improving overall operational efficiency.
• Cross-Business Assessments: Enables effective assessments and analysis across multiple entities, providing comprehensive insights into business performance.

Data Governance is a critical aspect of master data management. It involves setting up rules and responsibilities to govern, control, and ensure the quality of master data. Effective Data Governance:

• Strengthens Data Quality: Establishes a foundation for reliable and consistent data.
• Ensures Confidentiality, Integrity, and Availability: Addresses risks associated with data to maintain its confidentiality, integrity, and availability.
• Creates Transparency: Provides clarity on data administration, including data producers and users.
• Facilitates Oversight: Ensures coordinated and systematic oversight of data-related decisions across the organization.

Ensuring high data quality involves addressing various challenges, often human-related due to manual processes. Improving data quality and correcting existing errors is crucial to prevent future issues. Key steps include:

• Reviewing Data Entry Guidelines: Ensuring clear and updated guidelines for data entry.
• Consistent Quality Checks: Regularly revisiting and prioritizing data quality maintenance.
• Proactive Measures: Addressing data quality issues from the outset to prevent building on mistakes.

• Book a demo: Download a free trial of the Multi Entity Management solution to experience its benefits firsthand.
• Get a Quote: Request a quote or place an order for Multi Entity Management.
• Pricelist: View an overview of the Multi Entity Management packages and prices.
• Videos and Demos: Watch our MEM videos for insights, or request more information and a free demo.

Multi Entity Management by XtensionIT is designed to centralize and optimize the management of master data, enabling seamless interaction between business units and enhancing overall efficiency. By addressing the challenges of master data management and implementing effective Data Governance, MEM ensures that organizations maintain high-quality, reliable data, supporting smooth and efficient operations.