Master data management
Versio.io

Master data management

Structured master data that is fast, flexible and cost-effective

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Data is at the heart of every modern business. Yet whilst there is much talk of big data and complex analytics, the most important foundation is often overlooked: master data. Without clean, structured and well-maintained master data, even the best business processes come to nothing.
In this article, we briefly explain what master data actually is and show you how to build an agile and professional master data management system with Versio.io.
 

What is master data?

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Master data is the static core information of a company. It describes the key elements of your business operations and remains unchanged over a long period of time. Unlike transaction data (such as a specific order or an individual invoice), master data forms the foundation upon which all these transactions are built.

Typical examples of master data include:

In short: if your master data is incorrect or unstructured, invoices end up with the wrong recipient, parcels are sent to the wrong address, and analyses produce inaccurate results.

  • Customer master data - Company name, billing address, contact person, customer number etc.
  • Product master data - Product number, weight, price, product description etc.
  • Supplier master data - Company name, address, tax number, bank details etc.
  • Personnel master data - Name, department, personnel number etc.

 

Benefits of master data management in Versio.io

In the past, professional master data management (MDM) was often associated with expensive, inflexible and cumbersome IT projects. Versio.io takes an agile and ready-to-use approach.
The following points show how Versio.io optimises the management of your business data:
  • Complete flexibility without coding (no-code) - You know best what information your business needs. In Versio.io, you can define the structure of your master data entirely according to your specific requirements. Whether attributes, data types, default values or mandatory fields - everything can be easily configured via the interface, without any need for programming knowledge.
  • Mapping complex relationships - Data rarely exists in isolation. In Versio.io, you can easily link master data records to other records (e.g. linking a contact person to a specific branch). This allows you to create a structured information network.
  • Rapid implementation - Setting up a completely new master data entity in Versio.io takes no more than 15 minutes. You can get up and running quickly and avoid lengthy integration phases.
  • Complete version history and traceability - Who made which change and when? In Versio.io, all changes to your master data are automatically logged. This ensures that every adjustment is transparent and auditable at all times.
  • Seamless integration thanks to the Instant REST API - As soon as you have created a master data entity, it is *immediately* available via our REST API. This enables efficient and standardised integration into your existing system landscape (ERP, CRM, online shop, etc.).
  • Insightful analytics and reporting - Versio.io offers powerful analytics and reporting functions to systematically evaluate your master data and generate sound decision-making bases for management.
  • Automated quality control and alerts - In Versio.io, you can define custom rules to continuously monitor data quality. If an important piece of information is missing or a defined status has changed, the system will automatically notify you.
  • Security through fine-grained permissions - With our detailed permissions system, you can make master data available precisely to the people or systems authorised to view or edit it.
 

Transparent cost structure

We use a scalable and transparent pricing model based on actual usage. In Versio.io, the cost is just 0.01 Euro per master data record per month.There are no setup fees for the basic configuration. You only pay for the data capacity that you actively manage within the system.
 
 

Talk to us


Lukas Böttcher
Lukas Böttcher
Business Development Manager
P:  +49-30-221986-51
LinkedIn
Matthias Scholze
Matthias Scholze
Chief Technology Officer
P:  +49-30-221986-51
LinkedIn

 

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