Get Better Master Data Quality With Less Manual Effort!
In our data-driven world, information grows and changes too fast for anyone. How can you maintain Data Quality when 90% of all data was created in the last two years? We believe: Sharing is the best way to better business partner data.
Why invent your own Data Quality Rules while others already share their best practices? Why try to complete your data records only with inhouse resources when dozens of public Reference Data sources are available for matching? Why validate critical information on your own when your peers offer their help?
Shared quality rules, shared data sources and shared peer-validated records are three steps in collaborative master data management (MDM) that allow you to approach data quality problems together with others, more effectively and with far less manual effort - because a problem shared is a problem halved!
Data Sharing Benefits
- Collaborative master data management (MDM)
- Higher quality while saving time & money
- Full control over data exchange
- Secure cloud infrastructure
- Available via web application or deeply integrated in your ERP or CRM system via API
Data Sharing: Our Market
Best Master Data by Combining Public Sources and Shared Records
Data Governance and Data Quality are the top priorities in data management, both today and in the future according to Gartner Research. Data quality and data brokerage markets total more than $15bn in volume, growing by more than 10% per year. Gartner identifies two types of providers currently serving the data quality market: data quality tools and B2B data brokers.
CDQ combines both categories – with our collaborative data management approach, our communities share their Data Quality Rules with each other, thus continuously improving the quality tools you can deploy against your own data. On top, we offer the best master data in the market by combining public sources and shared records that your peers publish within our Data Sharing Community. You can use these golden records to enrich the data you have in your systems.
Gartner identifies two types of providers currently serving the data quality market. CDQ combines these two categories successfully.
Data Sharing: Our Offering
Cloud-Based Software Platform and API integration for Better Master Data Quality
Data quality improvement needs to be a continuous effort for best results with lowest efforts. That's why we introduced Data Quality as a Service (DQaaS) - a cloud platform that hosts a mirror of your internal master data, which is continuously scanned for errors and updates. With our Data Quality Tools, we find duplicates, cleanse address data, validate tax numbers, and suggest new information as it becomes available.
At work for you: More than 1,700 data quality rules, over 135 million records from more than 80 trustworthy open data sources world-wide, and data from several premium databases - all combined in one cloud-based software platform.
How do you access these capabilities? We offer two options: through a web-based user interface, or through APIs directly from within your ERP or CRM systems.
The web interface of our software platform provides you with a one-stop access point for different quality tools, including analyses and clean-up operations.
Don't waste time collecting right information: Our Business Partner Lookup gives you instant results from various official open company registers and paid sources like D&B.
Our software platform enables the assignment of trust scores to critical information like supplier bank accounts – since you don’t want to wire millions of dollars to a fraudulent destination.
The second access route to CDQ's collaborative data management services: via API, e.g. directly from within the supplier master data screen within SAP’s ERP system.
Data Sharing: Our USP
Collaborative Data Management Improves Quality, while Saving Time & Money
With CDQ's Data Sharing approach, companies share their business partner master data within a trusted network: the Data Sharing Community. Our members publish records they validated, and receive better data from others, all within our secure cloud platform. The result of collaborative data management: the burden of data maintenance is shared, saving time and money. The overall quality improves because "4 eyes see more than 2".
According to GARTNER, CDQ is the first company in the world to offer this type of peer-level sharing, turning years of fine-tuning data governance rules, semantic data models and quality algorithms into one easy-to-use cloud solution.
Compared to punctual measures, such as quality initiatives, our services ensure a permanent and sustainable improvement of your customer and vendor data quality.
The value for you: step right into this rich set of Data Quality Tools and pre-validated master records, and compare your own data against it, fully automatically.
The joint maintenance of business partner master data means less effort and better quality for all of our Data Sharing Community members.
Leading Companies Already Rely on Our Data Sharing Approach
Any Questions About CDQ's Collaborative Data Management Approach?
If you have questions about our Data Sharing approach or would like to find out what concrete benefits it provides for your company, we will be glad to help you.
Please contact our data management team at any time and free of obligation! Of course, we will gladly call you back at the time of your choice.
Your Data Quality Expert
Data Quality Solutions
Our innovative Data Quality Solutions deliver Data Quality as a Service (DQaaS) and help you to improve your customer and supplier master data in three stages, saving time and money. Getting started is easy! Improve your data quality now!
Data Sharing Business Case Calculator
The shared maintenance of corporate master data saves not only time, but also around 30% of costs. How much bottom-line impact does that mean for your company? Find out here! Calculate your data sharing business case now!
Data Sharing Delivers Real Business Value
The Data Sharing approach can help you to increase your data quality at lower costs by leveraging joint forces of industry communities. Discover the business value
CDQ Sample Vendor in Gartner Hype Cycle
In the recent Hype Cycle for Data and Analytics Governance and Master Data Management 2020, CDQ was recognized among three vendors in the Interenterprise MDM category. CDQ as a Sample Vendor in Gartner Hype Cycle 2020
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