Master data
Master data represents ‘data about the business entities that provide context for business transactions’. The most commonly found categories of master data are parties (individuals and organisations, and their roles, such as customers, suppliers, employees), products, financial structures (such as ledgers and cost centres) and locational concepts.
References
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Unveil the critical distinctions between master data and transactional data, and their unique contributions to data management and decision-making.🔗atlan.com -
Learn about master data, its types and examples, and how to implement master data management to create the best source of truth for your business.🔗blog.hubspot.com -
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Master data is the core, non-transactional data used across your enterprise, including customers, products, supplier locations and chart of accounts.🔗Enterprise Master Data Management • Profisee -