What is meant by Master data entry?
The term "master data capture" refers to the process of collecting and managing essential, unchanging data within an organization. Master data includes critical information about customers, suppliers, products, employees, and other business-relevant entities. These data are fundamental to business processes as they form the basis for operational and strategic decisions. Accurate capture and maintenance of master data contribute to efficiency, data quality, and consistency throughout the organization.
Typical software functions in the area of "master data capture":
- Data Entry and Validation: Capture and validation of master data to ensure it is correct and complete.
- Data Import and Export: Support for importing data from external sources and exporting in various formats.
- Data Cleansing: Identification and removal of duplicates, errors, or incomplete records to ensure high data quality.
- Rights and Role Management: Management of user rights to control access to master data and ensure data security.
- Linking and Synchronization: Integration and synchronization of master data across different systems and modules.
- Audit Trail and Change Tracking: Logging all changes to master data for traceability and compliance purposes.
- Data Consistency Checks: Regular checks of master data consistency to avoid discrepancies in business processes.
- User-Friendly Interfaces: Provision of intuitive input forms to simplify the capture and editing of master data.