Oracle DRM Master Data Management

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Oracle DRM Master Data Management

Oracle Hyperion Data Relationship Management (DRM) provides accurate and consistent master data to your organisation across operational, analytical and enterprise performance management silos; driving operational attainment, providing business intelligence information and performance management capabilities.

Oracle Hyperion Data Relationship Management (DRM) provides accurate and consistent master data to your organisation across operational, analytical and enterprise performance management silos; driving operational attainment, providing business intelligence information and performance management capabilities.

Master data is data that is shared across systems and used to classify transactional data; where:

  • each transaction is made up of individual elements of master data (ie: sales rep, product, quantity, customer, geography, total sale etc.) where changes to individual elements must be managed across the enterprise to ensure data integrity. Data integrity is vital for meaningful analysis and reporting of transaction data.
  • The process in which these elements are aggregated for reporting, and the attributes and properties associated with individual elements /aggregations also represent master data.

For example, Sarah (Sales Representative) who works in Dublin (Territory) sells 5,000 (Quantity) headphones (Product) to a customer (Customer) based in London (Geography) for €3,000 (Total Sale). This is one transaction; however is made up of various individual elements of master data.

Because of this, master data management is difficult to manage. Additionally, changes to master data is driven by the constant changes within an organisation; especially in the current turbulent business environment.

Current problems with manual changes to master data is that various different people carry out the change process within each different system; commonly resulting in a large volume of mistakes that go unnoticed due to a lack of insight or traceability in change events.

Oracle DRM Master Data Management automatically streamlines change events by centrally managing master data across multiple disparate systems; ensuring conformance to enterprise standards and saving time on manual processes. Whether processing financial information such as cost centres, accounting and legal entities or analytical information such as dimensions, hierarchies and their attributes; Oracle MDM provides a solution to build consistency within master data assets despite constant changes within underlying transactional (financial) and analytical systems.

Through the use of business rules and MDM security model; role based access to dimensions and hierarchies is granted to business users; where changes made by one user group are verified to be internally consistent with those of another.

For more information on our Master Data Management or would like to arrange a consultation, please feel free to email info@codecdss.co.uk  or call us on +44 (0) 207 8732 198