21 Best Master Data Management Tools You Should Consider

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By: Manish Shewaramani

21 Best Master Data Management Tools You Should Consider!!

With each passing day, it becomes difficult for organizations to keep customers engaged with the brand for the long term and empower the business processes. Data is the most reliable and efficient way to stay updated about customers changing requirements and gaps in your internal workflows. Advanced master data management(MDM) tools not only manage your structured, unstructured, operational, and analytical business data but also enable organizations with actionable insights that help in making the right business decisions.

With a master data management platform, companies can store and manage customer data, employee data, location data, reference data, supplier data, vendor data, and more. This post will help you select the most suitable Master Data Management (MDM) tool for your organization by analyzing the features and benefits offered by the different MDM tools.

What are Master Data Management Tools?

Master Data Management (MDM) tools are sophisticated software solutions designed to identify, connect, and synchronize crucial organizational data, known as master data, from various disparate sources. Through semantic reconciliation, these tools enable the recognition of unique data elements even when they are described differently.

By consolidating these disparate data points into a unified master data file, master data management tools provide seamless access to stakeholders across the organization.

The best master data management tools should cater to three primary user groups.

Data Governance: Data governance users have a comprehensive understanding of the desired outcomes of the solution. Data governance users also play a crucial role in guiding data stewards on optimal system management practices.

IT professionals: They articulate to IT professionals, the second user group, and users MDM for specific requirements on matching and generating high-quality insights from data.

Data Steward: Data stewards are responsible for the day-to-day management of the business systems.

Top 22 Master Data Management Tools

#1. Pimcore

Pimcore

Pimcore is an advanced digital platform and has robust Master Data Management capabilities. It allows organizations to manage their product data, customer, data, employee data, asset data, vendor/supplier data, reference data, partner data, location data, and other related information. Pimcore is an open-source platform and is available at no licensing fee.

Pimcore MDM allows businesses to store and manage all operational and analytical data in a single place. Skilled Pimcore developers help you to manage your organizational data in one place and enable business with a holistic view of structured or unstructured data.

Credencys is an end-to-end Pimcore development service provider and has a team of 20+ Pimcore developers who have successfully delivered next-gen digital solutions to small to large-scale organizations of varied industry domains. Connect with us to explore our success stories.

Key Features

  • Maintain data quality
  • Hierarchy management
  • Workflow management
  • Rich content integration
  • Audit trail
  • Third-party integration (software, applications, and APIs)

Benefits

  • Improved time to market (for meeting governance, managing the risks, and addressing the compliance requirements)
  • Accelerated digital transformation
  • Reduced cost (custom MDM development and deployment)

#2. Semrachy

Semarchy

Semarchy xDM platform offers a comprehensive solution for multi-vector Master Data Management (MDM). With a focus on collaboration and usability, Semarchy leverages advanced algorithms and material design principles to facilitate efficient data stewardship. The company adopts an agile and iterative implementation approach, ensuring flexibility and responsiveness throughout the deployment process.

Key Features

  • Multi-vector MDM
  • Collaborative data stewardship
  • Advanced algorithms
  • Material design principles
  • Agile implementation approach

Benefits

  • Improved data management
  • Enhanced data quality
  • User-friendly interface
  • Agile implementation
  • Efficient data processing
  • Scalability
  • Cost savings

#3. Syndigo

Syndigo

Syndigo, a renowned global software company, provides a diverse range of solutions specifically crafted to empower organizations in gaining mastery over their data. At the forefront of their offerings is their MDM software, which presents an all-encompassing, cloud-native platform for multi-domain Master Data Management (MDM).

This comprehensive solution incorporates vital components such as data governance, data quality, reporting, and more, enabling organizations to seamlessly manage and optimize their data assets. With this free master data management tool, businesses can achieve enhanced data control, improved data quality, streamlined reporting processes, and unlock valuable insights to drive informed decision-making.

Key Features

  • Data governance
  • Reporting
  • Data quality

Benefits

  • Multiple-domain MDM support
  • Deterministic data matching
  • Excellent product information management
  • Robust process orchestration

#4. Informatica

Informatica

Informatica MDM is a modular and end-to-end solution that connects your systems and information. It provides an accurate, complete and trusted for your digital transformation. The data helps organizations in omnichannel retailing, customer experience programs, supply chain optimization, sales and marketing operations, compliance initiatives, and more.

Key features

  • Data quality
  • Data integration
  • Data security & governance
  • Data acquisition (from 3rd party sources, on-premises & cloud)
  • Data Enrichment
  • Data analysis (to identify the relationship patterns and variance among different data)
  • Data deployment (cloud & on-premises)

Benefits

  • A 360-degree view of the data relationship
  • A single view of all your business-critical data
  • A complete view of customer behavior

#5. Profisee

Profisee

Profisee is a full-fledged master Data management platform that is available at the lowest cost of ownership compared to its competitive MDM solutions. It contains all the important components, features, and functionality of the best MDM tools. It is a multi-domain MDM platform that allows you to model and manage any reference data and master data domain virtually.

Key Features

  • Data stewardship
  • Data modeling
  • Enterprise workflow
  • Data governance
  • Data integration
  • Golden record management
  • Metadata management
  • Industry data models

Benefits

  • Provides a single and standardized view of all data
  • Highly scalable solution with a great level of performance
  • Zero coding

#6. Ataccama

Attaccama

It’s a data curation platform that provides solutions for data quality and governance, master data management, and data profiling and cataloging. Ataccama supports reference data management, multiple domains, hierarchy management, and more.

Key Features

  • Data discovery & profiling
  • Data catalog & business glossary
  • Data quality management
  • Master data management
  • Reference data management
  • Big data processing
  • Data integration
  • Multiple deployment options
  • Collaborative data stewardship
  • Data processing engine

Benefits

  • Multi-domain management
  • Highly scalable solution
  • Contains advanced capabilities of identity management, data matching, and hierarchy management
  • Provides end-to-end data quality activities
  • Robust big data connectivity

#7. Stibo Systems

Stibosystems

Stibo Systems manages all the operational information about your organization. It’s a multi-domain MDM to manage the data of customers, employees, products, references, location, and supplier data. They have separate MDM solutions to manage customer and product data.

Key Features:

  • Data onboarding
  • Data Sharing
  • Data cleansing
  • Data governance
  • Data Enrichment
  • Multi-domain data management

Benefits:

  • Improved compliance
  • Time to Value
  • Time to market
  • Ensured data quality
  • Deliver personalized experiences

#8. Tibco

Tibco

Tibco EBX is one of the leading Master Data Management tools, designed by Orchestra Networks. It offers varied solutions to organizations to manage their different data assets. The platform provides reference data management, hierarchy management, taxonomy management, multi-domain master data management, and data governance.

Key Features

  • Flexible data models
  • Collaborative workflow
  • Data quality
  • Real-time and batch integration
  • Business user interface
  • Data profiling, matching, cleansing, and validation

Benefits

  • Advanced hierarchy management capabilities
  • Proactive data governance and multi-domain MDM
  • Robust workflow and visualization capability
  • A consolidated platform for master data management, reference data management, and master data governance

#9. SAS

SAS

SAS, an enterprise analytics solutions provider, has developed a robust master data management tool named SAS MDM. It is a multi-domain MDM. It is an end-to-end data management software that mainly focuses on data governance and data quality. The tech giant also provides consulting services for its MDM product.

Key Features

  • Best-in-class data quality
  • Master data repository
  • Enterprise data governance
  • Multiple domain data models
  • Intuitive interface
  • Browser-based stewardship
  • Data resolution and matching
  • Batch and real-time deployment
  • Data stewardship console

Benefits

  • Provide trusted and unified data for use
  • Advanced governance capabilities and reduced the compliance risk
  • Enhanced customer relationship
  • Improved revenue generation
  • A unified view of products, customers, employees, suppliers, and other business entity
  • Make face-based and informed decisions

#10. Teradata

Teradata

Teradata is a single platform that supports multiple domains. The master data management tool helps businesses reduce the cost of buying multiple products, solutions, and reference data. To optimize and define master data, the tool relies on a process-driven environment and a workflow.

Key Features

  • Multiple domain management
  • Business user control
  • Enterprise analytical accuracy
  • Comprehensive data consolidation
  • Enterprise agility

Benefits

  • Enterprise data warehouse and reference data management capabilities
  • Multi-entity and multi-domain MDM
  • Supports operational and analytical MDM
  • Data matching engine

#11. Oracle

Oracle MDM

Oracle provides a multiple domain and enterprise-level Master Data Management tool. It helps organizations improve customer experience, reduce risk of compliance, and improve time-to-market. Oracle MDM is a comprehensive platform that provides consistent, consolidated, and authoritative master data across organizations and distributes relevant information to all analytical and operational applications.
The MDM platform contains five different modules such as product hub, customer hub, supplier hub, site hub, and higher education constitute hub.

Key Features

  • Data quality
  • Data cleansing and standardization
  • Multi-domain data management
  • Customer data management
  • Configurable workflows
  • Data governance

Benefits

  • Advanced capabilities for reference data management
  • Proactive data governance

#12. NetWeaver

SAP NetWeaver MDM

NetWeaver is developed by SAP, a global leader in enterprise application software development. NetWeaver is a master data governance solution that provides domain-specific MDM along with pre-built and collaborative workflows.

Key Features

  • Data cleansing (enrichment, profiling, standardization, and matching
  • Audit trails
  • Role-based user interface
  • Automated routing
  • Pre-configured data models with built-in data governance

Benefits

  • Extensible and pre-configured data models
  • SAP NAHA integration
  • Multi-mode data replication
  • Flexible workflows

#13. InfoSphere

InfoSphere

InfoSphere is one of the renowned master data management tools, developed by IBM. The platform allows you to access the orchestration and data governance capabilities of IBM. It manages all your organizational data regardless of any model or system and delivers it to the users in a unified and trusted view.

It enables enterprises with actionable insights, instant business value alignment, rules and policies across the organization, and compliance with governance.

Key Features

  • 360-degree view of critical enterprise data
  • End-to-end Master Data Management solution
  • Allows to extend MDM architecture in the cloud
  • Advanced analytical capabilities
  • Supports virtual or registry-style implementations

Benefits

  • MDM on Cloud reduces the overall cost
  • Intuitive and user-friendly interface
  • Provide accurate master data near real-time
  • Data deployment (on-premises, cloud & hosted)
  • Access to new analytical capabilities

#14. SAP Master Data Governance

SAP Master Data Governance

SAP Master Data Governance software empowers users to streamline and centralize the governance of their master data, guaranteeing impeccable data quality and consistency throughout their organization. This open-source master data management tool enables the consolidation of master data from both SAP and non-SAP systems, resulting in the creation of a single, authoritative record.

Furthermore, it facilitates the centralized creation and maintenance of master data across diverse systems within the enterprise.

Key Features

  • Consolidates and governs the master data
  • Integration capability with SAP and non-SAP systems
  • Creation of a single, comprehensive record for master data
  • Centralized management of master data across heterogeneous systems
  • Verifiable audit trail to track changes made to master data
  • Automated workflow routing and notification functionality
  • Time-dependent version control for easy access to previous data versions
  • Pre-built workflows and user interfaces for user convenience

Benefits

  • Maintains quality of data and its consistency across the organization
  • Reduces data duplication and enhances data accuracy
  • Streamlines data governance processes and improves efficiency
  • Enhances data transparency and accountability
  • Simplifies master data management across different systems
  • Provides a robust audit trail for compliance and traceability
  • Supports seamless integration with SAP and non-SAP systems
  • Offers a user-friendly experience with pre-built workflows and intuitive interfaces
  • Increases overall effectiveness and efficiency of data governance practices

#15. Boomi

Boomi

Dell Boomi is a comprehensive MDM solution that operates seamlessly within the cloud environment. With its robust capabilities in application integration, master data management, and domain-specific data quality, Dell Boomi provides organizations with a powerful toolset for managing their data effectively.

The platform’s multi-tenant architecture enables seamless integration across various deployment models, including cloud-to-cloud, cloud-to-on-premise, and on-premise-to-on-premise. Dell Boomi excels in real-time integrations and is designed to scale elastically, ensuring that it can handle increasing data volumes with ease.

Key Features

  • Cloud-native MDM solution designed for seamless operation within cloud environments
  • Comprehensive capabilities for application integration, master data management, and domain-specific data quality
  • Multi-tenant platform supporting various integration scenarios, including cloud-to-cloud, cloud-to-on-premise, and on-premise-to-on-premise
  • Real-time data integration capabilities for up-to-date information exchange
  • Elastic scalability to handle increasing data volumes with ease
  • Visual data modeling and definition tools for easy understanding and management of data structures
  • Data synchronization across multiple systems and integrations
  • Data stewardship features empower users to create business rules and alerts for effective data governance

Benefits

  • Simplified management of master data in the cloud environment
  • Streamlined application integration and data synchronization processes
  • Enhanced data quality and accuracy through domain-specific data quality features
  • Flexible integration options, including cloud and on-premise connectivity
  • Real-time data integration for up-to-date information exchange
  • Scalable solution to accommodate growing data volumes effectively

#16. IBM Infosphere Master Data Management

InfoSphere

Master Data refers to essential and commonly shared information concerning products, customers, partners, materials, suppliers, accounts, and other significant entities. It serves as the foundational data that is stored and replicated across various IT systems.

MDM tools in the market have immense value as it supports critical processes throughout the entire company. It forms the bedrock of every business transaction, application, decision-making, and reporting.

Key Features

  • Data matching and deduplication
  • Configurable framework (on-premise or cloud-based)
  • Policy management capabilities for data quality control
  • Graph-based representation for master and transactional data
  • Flexible data governance and integration
  • High performance and scalability
  • Improved data stewardship and governance
  • Integration with other applications and systems
  • Simplified reference data management
  • Centralized stewardship, auditing, and security

Benefits

  • Multi-domain MDM support
  • Flexible deployment options: on-premise and cloud
  • Seamless support for governing big data
  • Scalable solution with proven performance, particularly in data matching

#17. Omni-gen

Omni-Gen is a high-quality, comprehensive platform that revolutionizes the process of generating applications combining data integration, data quality, and master data management. With Omni-Gen, organizations can significantly reduce the time and effort required for such projects.

Omni-Gen offers three editions to cater to diverse needs:

Integration Edition

Empowers users with powerful application and data integration capabilities, enabling seamless access to any application or data store. This facilitates the rapid creation of integration architectures with extensive breadth and depth.

Data Quality Edition

Extending the capabilities of the Integration Edition, this edition ensures information completeness, validity, consistency, timeliness, and accuracy across all systems, individuals, and processes. It incorporates advanced data quality management functionality to deliver comprehensive data governance.

Master Data Management (MDM) Edition

The MDM Edition of Omni-Gen focuses specifically on managing master data, allowing organizations to establish a unified, reliable, and accurate view of their critical data assets. It provides robust MDM capabilities to streamline data consolidation, standardization, and synchronization.

Key Features

  • Creates a single unified view of data by blending and relating master data, transaction data, interaction data, reference data, and social data
  • Data as a Service capability for accessing third-party data sets
  • Data auditing and change tracking functionality
  • Big data insights for gaining valuable insights from large data sets
  • Recommended actions based on data analysis
  • Built-in analytics tools for data analysis and visualization
  • Collaborative workflows for streamlined collaboration and task management

Benefits

  • Supports multi-domain Master Data Management (MDM)
  • Enables collaborative data stewardship, rating, and segmentation
  • Native data visualization, and excellent data search functionality
  • Robust compliance capabilities with field-level audit history

#18. VisionWare MDM

VisionWare MDM creates a single view of customer data and Influence MultiVue, this offers a lot of benefits to the new age business. By leveraging MultiVue, you can make better strategic and operational decisions based on trusted and readily available customer data.

Having a comprehensive understanding of your customers allows you to tailor your proposals and offerings more effectively. By analyzing historic connections and communication preferences, you can enhance customer proposals and provide a more personalized experience.

MultiVue also enables you to tap into cross-sell and upsell opportunities. With improved selection and segmentation capabilities, you can identify the most relevant offerings for each customer, maximizing revenue potential.

Additionally, MultiVue facilitates seamless cross-channel activities when interacting with customers. This integration of employees and systems enables a cohesive and consistent customer experience across various touchpoints.

Key Features

  • Audit trail on master data to monitor changes
  • Collaborative and pre-built workflows
  • Data profiling, data matching, data enrichment, data cleansing, and standardizing
  • Automated routing
  • Built-in data governance
  • Pre-configured data models
  • Role-based user interfaces

Benefits

  • Cloud platform built on SAP HANA, enabling in-memory data processing for data cleansing and analytics
  • Flexible workflows with pre-built options
  • Pre-configured and extensible data models for efficient data management
  • Support for multi-mode data replication efforts

#19. Enterworks

EnterWorks

EnterWorks (MDM) is a comprehensive framework with the latest technologies designed to empower organizations with a reliable central data repository and to keep master data up-to-date.

By consolidating data from across all enterprise applications, Enable facilitates a unified view of complex data domains. It equips users with powerful MDM management tools to enhance data quality and implements data governance mechanisms to ensure the consistent and effective utilization of that data.

The Enable platform is purpose-built to master multiple domains, including materials, products, suppliers, customers, locations, and more, while also capturing the relationships between them.

This flexibility allows domains to be tailored to align with the unique business models and preferences of users, rather than forcing companies to conform to a rigidly predefined data structure.

Key Features

  • A framework of technologies and processes
  • A central repository of reliable and up-to-date master data
  • Consolidation of data across enterprise applications
  • Comprehensive support for complex data domains
  • One of the top master data management tools for improving data quality
  • Prescribed data governance mechanisms
  • Adaptability to meet specific business models and preferences

Benefits

  • Centralized and reliable master data
  • Improved data quality
  • Enhanced data governance
  • Flexibility and adaptability
  • A holistic view of complex data domains
  • Improved operational efficiency

#20. Syniti

Syniti’s master data management (MDM) solution is a vital component of the comprehensive Syniti Knowledge Platform software stack, which encompasses a wide range of advanced data management capabilities.

The MDM functionality, known as ‘Orchestrate,’ is specifically designed to ensure the highest quality of master and application data within business systems. By leveraging Syniti’s MDM capabilities, organizations can effectively enforce data governance and maintain data integrity across their entire data landscape.

Key Features

  • Integration with Syniti Knowledge Platform
  • Data Management Capabilities
  • Orchestrate Functionality
  • High-Quality Data Entry
  • Data Governance
  • Data Integration

Benefits

  • Improved Data Quality
  • Enhanced Data Governance
  • Streamlined Data Management
  • Increased Efficiency
  • Enhanced Decision-Making
  • Seamless Integration
  • Comprehensive Solution

#21. Contentserv

Contentserv

Contentserv’s Product Experience Cloud offers a high-quality, cloud-based PIM/DAM solution that empowers companies to deliver exceptional buying experiences.

With centralized product information and automation capabilities, Contentserv enables brands and retailers to leverage the power of content to make informed decisions, provide relevant information, deliver personalized product experiences, and enhance the overall customer experience.

Key Features

  • Cloud-based Solution
  • PIM/DAM Integration
  • Frictionless Buying Experiences
  • Personalization Capabilities
  • Automation and Integration
  • Data-Driven Decision Making

Benefits

  • Enhanced Customer Experience
  • Streamlined Data Management
  • Improved Decision-Making
  • Consistent and Relevant Information
  • Increased Sales and Conversions
  • Scalability and Flexibility

Well, there are many other master data management tools available in the market. So, making the right choice might be difficult for you. More options, more confusion. Every Master data management tool has different features and functionality to manage multi-domain data.

But if you ask, which one is the best out of these 21 Master Data Management tools?

We recommend Pimcore as the technology delivers a complete digital experience by offering Product Information Management (PIM), Master Data Management (MDM), Customer Data Platform (CDP), Web Content Management (WCM), Content Management System (CMS), Digital Asset Management (DAM), Digital Commerce Platform (B2C, B2B, B2B2C).

Along with Master Data Management, you can use any or all of the above platforms to complete your digital experience.

Frequently Asked Questions on Master Data Management Tools

What is the purpose of Master Data Management tools?

Data is considered the key crux for the organization to get detailed insights about different business aspects and make the right business decisions. Master Data Management is a method to define and manage the business-critical data of an enterprise and integrate it into a single platform to have a single point of reference.

What is a master data management system?

The Master Data Management tool allows organizations to store and manage all the business data in a common point of reference. The MDM platforms allow you to integrate different architecture, applications, and platforms as per your growing business requirements.

How many types of master data are there?

There are four types of master data that involve transaction data, log data, master data, and reference data.

What is MDM and why is it important?

A multi-domain master data management tool allows organizations to store and manage all different types of operational and transactional data in a single place. Companies can manage the data of their customer, employee, product, asset, reference, location, and more. It provides a consolidated view of data and synchronizes the information across different yet relevant systems and applications. It provides reliable and authentic data that drives operational efficiency.

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