Decrease after-the-fact reconciliation
Out-of-sync reference data leads to teams and systems using mismatched datasets across different regions, currencies, product lines, financial accounts, or counterparts—and creates errors. Mitigation of after-the-fact reconciliation drastically decreases your organization's costs.
Bridge gaps between teams
Reference data plays a role in self-service. At the most basic level, especially when paired with a portal, it serves as an always-up-to-date repository of highly accurate and attainable data. This makes it easy for users to access, download, and repurpose reference data, which keeps the entire organization on the same page.
Easily meet compliance standards
Maintaining compliance is important to your organization's ability to conduct commerce with customers, distributors, and suppliers—preserve its reputation, build trust, and avoid penalties.
The Four Rs of Building Your Reference Data Management Business Case
Where does effective management of reference data add value to the business? In this whitepaper, we...
MDM Institute: Reference Data Management & TIBCO EBX Software
A subset of master data, reference data is used to support operational, analytical, and other...