In many companies, maintaining SAP business partner data can be a tedious task involving manual data entry, field by field. Sure, there are some basic validation checks in place for things like postal codes and country selection, but when it comes to entering names, addresses, and tax identification numbers, it's all done by hand.
It goes without saying that data is the foundation of any successful organization. It drives insights, informs decision-making processes, and plays a key role in shaping strategy. But here's the thing: if your data is inaccurate or incomplete, it's not doing anyone any favors.
We have been following our clients introducing daily updates from large international sources. These sources beckon with the widest data elements and the most recent information. Of course, you want to stay updated. But can your organization handle the consequences?
Save your organization from some rather ugly scenarios by advancing your compliance actitities with proper master data management. Consider these insights and don't let a simple mistake damage it all for your organization.
Have you ever had the challenge to connect two different systems in your company holding two different sets of customers? Have you ever tried to base a reporting for multiple of your organizations regions based on the same Business Partner base? Have you ever tried to add or change external data sources used as reference for your master data? If so, then you will know the pain of combining different data models and correctness criteria.
Data quality is a requirement of day-to-day business. However, this often does not work out as planned because the attention is absorbed by other projects, the business partner data changes too quickly, or there has been no suitable software solution implemented.
