How to Write an RFP for Master Data Management

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Critical master data management (MDM) functionality can be easily overlooked when RFPs are narrowly focused on a single business data type – such as CDI and PIM – or on near-term requirements within a single business function. Avoid costly mistakes such as:

  • Failing to ensure multiple business data entities can be managed within a single MDM platform.
  • Ignoring data governance needs at the project or enterprise level.
  • Overlooking the need for history and lineage to support regulatory compliance.

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