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Gain control of the data that fuels your business processes

Rein in organization-wide requests for master data entries with a centralized request portal and automated approval process that ensure you are working with accurate and timely information.

Master data management is key
to regulatory compliance

Keeping master data up to date is usually a request-driven process that involves multiple people and many steps with often less-than-ideal results. Low master data quality and duplicate master records are a common issue, leading to problems and high costs in other departments when processing orders, invoices, et cetera. This is probably the reasons why master data processes have become more centralized and restricted.
ReadSoft simplifies the process of fielding requests for master data changes such as new supplier entries or changes to customer and vendor master data with a documented, automated workflow that offers a single point of entry, approval, and execution.

Key features and benefits

  • Controlled collection and execution of all master data requests throughout the organization
  • Master Data Management for SAP - Check BoxesSimple-to-use web application as entry point for any master data request
  • Integrated approval routines in line with established business processes
  • Improved visibility with single point of processing and full overview of requests
  • Simplified procedure reduces processing time and activities required for master data updates
  • Runs inside SAP with SAP GUI or web browser interface  
  • Better compliance management for master data handling  
  • Seamless integration with archive system (SAP ArchiveLink certified)

A single point of entry
for all master data requests

Based on your custom business and approval processes, ReadSoft’s master data management software provides one fulfillment location for enterprise-wide change requests to Customer and Vendor Master, Cost Center, Profit Center G/L Account and Fixed Asset Master records.  

Crucial information that your business runs on  

Whether your end goal is improving your AP ordering process, maximizing the investment you’ve made in your SAP system, preparing for future compliance obligations, or, for Shared Service Centers, offering your customers a more structured master data management process...automation paves the way for continuous process improvement.

Here’s how it works

SAP Master Data Management Process Flow
SAP Master Data Management - Master Data Request

Master data request

  • To create a new record or update an existing one, a user submits a request through a simple-to-use web application.
  • All master data maintenance requests organization-wide are collected
    through one entry point.
SAP Master Data Management - Approval Workflow

Approval workflow

  • Submitted requests are immediately sent to the next person in the approval workflow,
    such as an accounting department, to add and approve relevant information.
  • The software alerts an approver to data discrepancies and duplicate information.
  • Master data requests can be fully conrolled by the department or SSC in charge. Validated and approved requests can automatically update the master record.
SAP Master Data Management - Process Visibility

Process visibility

  • Workflow provides a full overview of all requests and their processing status.
  • Clear audit trail of all change requests improves reporting ability and
    compliance management.

Learn more about master data management

  
Master data management - Gain control of the data that fuels your business processes

Gain control of the data that fuels your business processes

Manual updating of master data is a request-driven process that involves multiple people, many steps, and often less-than-ideal results. Simplify the process by fielding requests for new supplier entries or changes to customer and vendor master data with a documented, automated workflow that offers a single point of entry, approval, and execution.

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Shared Services using SAP – Next level

By using the ReadSoft solution for workflow and SAP connectivity that is part of the accounts payable solution, shared service centers can streamline, automate, and simplify a number of other routines such as payment approval and master data updates.

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Automation beyond Accounts Payable in SAP

Companies that choose to automate both purchase order generation and invoice processing in SAP benefit from automated workflow, greater control over expenses, and elimination of “maverick” spending. Automation of both of these processes delivers compounded benefits.

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Please visit our Resource Library to find out more - here you will find all our brochures, articles, white papers, fact sheets, reports, and other material.

Learn more about master data management