Master data management transformation

Stop letting data hygiene issues hold your Finance team back

You no longer need to resort to hiring more staff, working longer hours or negotiating down business expectations because of bad data.

There is a way to fully deliver against business needs without the stress and unrelenting sacrifice.

What is MDM?


Master Data Management (MDM) ensures that everyone in the organization is working with a single source of truth.

It involves the controls and transformations that organise your the data as it flows from source system to reporting to eliminate inconsistent metrics and definitions that causes decision conflict, and minimises manual data cleansing that slows down execution.

Implementing MDM means organizations can graduate from manual reporting processes as BAU thereby removing the finance team as a bottleneck in financial decisions that shouldn't involve them.

By providing a standardized view of financial data, MDM enables finance professionals to keep pace with the pace of decision makers rather anchor them back with time lost manual cleanup.

Benefits of MDM

Faster Commercial Support

Data accuracy, consistency, and completeness support faster decisions & execution

Mitigate Compliance Risk

Mitigate compliance risks, legal disputes, and financial losses with dependable data

Lower Running Costs

Eliminating data silos and inconsistencies can lead to deliver you tangible cost savings

Enable Self-Service Reporting and Analytics

Dependable data means you can rely on self-service analytics and benefit from greater business accountability

Single Source Of Truth

Make disparate sources and parallel reporting a thing of the past. Spend less time debating definitions with a single source

Examples of Master Data

Customer Data - Names, addresses, phone numbers, other contact information

Product Data - Product Names, SKUs, product descriptions, prices, and availability

Supplier Data - Supplier names, addresses, contact information and terms of service

Location Data - Office locations, stores, distribution centers, regions

your Finance Processes & Deliverables All Depend On Accurate Master Data

  • Q2C - Quote To Cash (Accounts Receivable)

  • I2P - Invoice To Pay (Accounts Payable)

  • RTR - Request To Receipt (Procurement)

  • Month-End Closing

  • Compliance Reporting

  • Tax Filings

  • KPI Reporting

  • Management Accounts

  • Risk Analytics

  • Board & Investor Reporting

Our Approach

Each MDM implementation is different.

What solution you need depends on your unique system and process challenges. Here is our typical approach:

1. Analyse - your relevant finance processes & data-dependencies

2. Propose - a roadmap option for your budget appetite

3. Execute - implement the changes you seek

MDM Solutions

Planning Roadmap Services

Data Hygiene Restoration Roadmap

This service maps a way to restore your master data.

  1. Controls Review

  • Input controls review

  • Approval process gaps

  • Segregation of duties review

  • Reviewing data quality responsibilities

  1. Issues investigation

  • User interviews

  • Evidence gathering

  • Systems configuration inspection

  1. Rectification Roadmap Proposal

  • Issues inventory

  • Proposed rectification roadmap 

  • Priority by value

  • Matched Solution Options

ERP Turnaround Review

Is your ERP not fulfilling your expectations? We can provide a roadmap to get it back on track.

  1. Identifying derailment issues

  1. Delivering a Turnaround Roadmap

Execution Delivery

Change Management

Every change solution is different but generally involves a number of these.

  1. Data Warehousing Analysis

  • Relational DB vs noSQL

  • Sharepoint, AWS, Azure, Google

  1. Needs Elicitation

  • Workshop facilitation

  • Prioritisation

  1. Process Mapping

  • As-is → to-be

  • Stakeholder Alignment

MDM Cleanup Services

Every companies needs are different but below are some of the services we may perform.

System Migration Delivery

  • Data Migration Plans

  • GL Migrations

  • Overseeing Reconciliation Support

Chart of Accounts Normalisation

  • Multi-Entity COA Rationalisation

  • Management Accounts Standardisation

  • COA Change Request Approval Process

Master Data Normalisation

  • Dimension & Metric Standardisation

  • Extract-Transform-Load flow

Inventorise Reporting Deliverables

  • Periodic reporting Inventories

  • Standard Design

Finance Training & UAT

  • SOP Documentation

  • User Acceptance Testing

  • Process Definition & Training

Got questions?

Why not apply for a free 30-minute consultation to see whether we can help you?

Remember That your principal role as Finance Leader is to Protect This

From my years running businesses and advising clients, I’ve learnt a common trait about successful investors, financiers, directors, and executives: they HATE gambling.

It’s why they invest generously in talented and rational Finance professionals, like you.

They pay you to guard their blind spots, fact-check their convictions and prove their investment math adds up.

Mostly importantly, they trust you to ensure they aren’t gambling.

But with this privilege comes responsibility and an unrelenting threat of losing that trust.

Trust that is next to impossible to get back so your role is to protect it.

Don't forget why they trust you

With strategic initiatives, whether launching a new product, entering a new market, signing a major deal; they rely on you to fact-check and validate their deal assumptions.

When it comes to execution, they rely on your independence to attribute sales, marketing & operational performance accurately so teams hit their promised targets. The whole business is depending on you to be right.

When it comes to compliance, they don’t want fines, penalties or late filings. Directors & management rely on you to make sure of that. But it’s up to you to ensure what you file is correct.

Whichever the deliverable, dirty, bad or unreliable business data is what threatens to undermine your credibility and business trust. 

Dirty data sucks up your scarce resources, keeps your team back late, stresses your deadlines and most of all threatens the trust you work so hard to keep.

Fortunately, you don’t need a team of IT engineers, an expensive ERP or mega budget to solve all your data challenges. 

With the right approach, oftentimes all you need is clear data definitions, input controls, and a suite of cleansing automations to ensure data is normalised, deduplicated and stored consistently for your reporting objectives.

Master Data Management (MDM) plays a crucial role in maintaining data integrity so that your team can spend less time checking, cleaning and reviewing their own work and more time supporting the business on the front-line.

MDM done right is what makes protecting your team's trusted reputation easy and those late hours, a thing of the past.

Find Out How MDM Could Work In Your Business

Ready to solve your finance data woes once and for all?

We invite you to a 30 minute consultation where we can work out if MDM is right for you.

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