Special Challenges in B2B Counterparty Master Data Management
Maintaining the consistency and accuracy of an organization's shared identifiers, attributes, and business entity relationships is a problem found across a wide range of sectors. As a consequence, TIBCO's master data management platform, TIBCO EBX software, has been applied in sectors as diverse as engineering and construction, manufacturing, and financial services. While this is no different from other MDM providers, what sets EBX software apart from other platforms is its treatment of relationships, such as those found between business entities, as its own form of master data. This ability to document and manage relationships is why organizations with business-to-business (B2B) and hybrid business models, B2B+B2C, have adopted EBX software over and above MDM platforms that are more focused on the need of firms to manage business-to-consumer (B2C) data.
In this whitepaper, we introduce several issues that arise in B2B counterparty master data management that are not found in B2C customer data integration.