Multidomain Master Data Management

Different types of master data are traditionally managed by different departments using function-specific applications for specific business needs. This often results in siloed data that is hard to share and not used in the same way across your organization.

Stibo Systems Platform unifies different master data domains on a single platform, creating end-to-end transparency across the enterprise. This data integration provides a new level of transparency, enabling traceability, data privacy and compliance with regulatory standards and leading to greater consumer trust.

Master data management platforms that can manage multiple domains tend to have unique governance functionality for each domain they manage. A true multidomain MDM platform, however, provides identical governance functionality uniformly across all data domains, helping to dismantle data silos and align policies.

With Stibo Systems Platform, you can establish hierarchies and relationships between different data domains, bringing governance across these relationships.

Stibo Systems Platform enables you to generate a 360° view across multiple data domains accurately. For instance, master data management uses superior profiling, cleansing and enrichment capabilities to drive a 360° customer view (both B2C and B2B customers) that can fuel CRM, CDP, ERP, ecommerce and other systems.

Additionally, a 360° view of suppliers can help you gain a full understanding of relationships between suppliers, parent companies, sub-suppliers and subsidiaries, so you can negotiate better pricing and payment terms.

With Stibo Systems Platform, these 360° views can be blended with different data sets and domains to gain unique insights. This can lead to many benefits: more accurate decision making, improved business processes, and the delivery of innovative, customer-centric experiences.

As a multivector master data management platform, Stibo Systems Platform supports different implementation styles and use cases at the same time, ensuring that data is managed to suit the needs of different scenarios across industries and market segments.

For companies looking to solve just a single domain requirement, it is always judicious to consider how your data governance ambition (not just the technology) might evolve in the future.

With a multidomain approach, you can support additional domains and apply a governance policy to the relationships that exist between those different data domains. This is a great way to add value to an initial master data management project.