Master data management refers to the aggregation of “master data” — a company’s most important data about its customers, products or other assets — for the enterprise. AuditBOT Master Data Management tool manages the master data from one central location.
Currently, the Internal Auditors have to look at different locations to identify the data issues.
Alert Notification: When critical tables are modified, then a specific user can be notified.
Data Changes: Auditors can review the data changes by specific module related tables.
Single source of master data represents three important capabilities:
- Authoritative source of information
- Ability to use the information in a consistent way
- Business Users are empowered with an accurate and comprehensive view
- Increase transparency and traceability of data for compliance purposes