Before moving to your new ERP system, it is important to address major issues such as the occurrence of several customers and products across multiple sets of master data, that too with different database keys and formats.
Data migration involves the migration of multiple masters. These master could be further classified into small and large masters based on their complexity. They are explained in detail below:
Small Masters - Holistic and Substantial impact on ROI
One of the most important activities during any data migration process, is to maintain an enterprise-wide view of various elements such as cost centres, financial account charts and legal entities which ultimately helps ensure a single, unified aim to govern consolidation and on-going financial management. This can be achieved by using the right master data management software. The new ERP software is bound to offer a wide variety of advanced process improvisation features.
Key Masters - Dynamic in Nature and Reflect Core Business Values
Large masters are extremely dynamic in nature and best depict the business' core values. In the event of an ERP implementation, up-gradation or consolidation, these masters are designed to form the bulk of master data migration. Hence, in order to ensure the success of the project, one must allot maximum time to ensure their adequate and comprehensive planning and introduce processes such as data quality management from time-to-time.
Article Source: GoArticles.com
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