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Riversand Is Leading Innovation In MDM And PIM Solutions

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Riversand Technologies is one of the leading providers of MDM Solutions which enable global enterprises to manage multi-domain master data. In addition Riversand offers Vendor Portal, MAM, Print Publishing and GDSN connectors. Below is our interview with Shamanth Shankar, from Riversand Technologies:

shamanth-shankar-riversand-technologies Q: Could you explain the most prominent advantages of your multi-domain MDM platform?

A: Riversand’s robust multi-domain MDM platform provides the flexibility to manage and govern all master data domains be it Customer, Product, Supplier or Location in a single application and interface. This provides our customers with powerful capabilities for data management for any domain and cross-domain data reuse and analytics.

  • Single comprehensive solution suffice needs for all the data domains
  • Best of class data quality and data management functionality help business users accomplish more in less time with fewer clicks
  • Only platform where data quality is completely integrated and measured on a continuous basis from data on-boarding till it syndicates to the downstream systems and not as an offline process or after-the-fact report
  • Ability to optimize and accelerate Master Data create or update processes with built-in concepts like DFC (Design for Create) and DFE (Design for Exception)
  • Dynamic Governance and Adaptive workflows help the governance processes stay aligned to Business Objectives
  • Better quality of data resulting in higher customer loyalty, lower returns, efficient processes, etc.
  • Better reporting capabilities help identify bottlenecks in processes, enabling a 360 degree feedback loop to optimize these processes using Dynamic Governance and Adaptive workflows

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Q: You’ve recently announced the release of MDMCenter version 7.8; could you tell us something more?

A: Current MDM solutions focus on improving Trust (quality) with the data. In addition to trust, customers need Relevance(the right governance at the right place and time), and Insights(the tools that can help infer data from past, present and competition) to make the right decisions. Riversand is investing significantly in bringing these next generation master data management capabilities to the market under the MDM 2.0 strategy and offerings. The release of MDMCenter 7.8 is a significant step towards this. Some of the features we are bringing to the market through this release will help customers to

  • Configure business processes and policies with ease, with an intuitive interface to manage rules using Riversand Business Language.
  • enable advanced data analysis and visualization through in charts, tables, and dashboards
  • enable dynamic business processes
  • visualize and manage every aspect of an entity, its hierarchies, variants, extensions and relationships in a much simpler and usable way.

Riversand also has laid out the foundation to provide its customers with the ability to analyze and derive insights in future releases. Customers are expecting higher ROI and lower implementation costs. Given Riversand’s rich consulting experience in the Industry, we are able to bring the best practices as part of standard product resulting in

  • Standardization of product domain
  • enhancements in customer domain offerings.
  • supporting dynamic business process changes
  • improving process efficiencies

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Q: Who is your ideal customer and why?

A: Riversand is enabling Global Master Data across multiple verticals from SMBs to Large Enterprises. Key verticals which Riversand caters to include Retail, Consumer Packaged Goods, Manufacturing, Distribution, Life Sciences, and Hi-Tech. Riversand has more than 90 customers for MDMCenter.

Riversand routinely works with prospects who are in very early stages of understanding “why MDM” to advanced stages of “I need to implement MDM in the next few months”. Our Customers treat MDM as a journey. Our customers are able to derive quick ROI in the short term as well as grow with our flexible solution as they expand globally. Typically business objectives we help our customers achieve through MDMCenter include

  • Improving contextual marketing
  • Standardizing customer data across all the applications
  • Reducing the time-to market of new product introduction
  • Onboarding Vendor data and Syndicating with Marketplaces

Our customers understand the business value of managing and governing master data and creating a single source of truth

  • Master data in silos is not helpful to your business
  • Master data has to be shared across the enterprise to achieve its full business value
  • In addition, other data in their organization has to be analyzed and inferred to continuously provide insights for better management of master data

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Q: What are your plans for next six months?

A: Riversand is actively creating technologies that are meant to bring increased benefit to manufacturers, distributors, and retailers alike. Current methods and solutions are very process and application driven, as well as generally reactive. Next generation data management capabilities are needed to augment base MDM capabilities, allowing businesses to achieve company objectives. The digital age is fundamentally requiring enterprises to rethink how to discover, manage, govern, and analyze data, transactions, interactions and policies. Riversand is working on bringing new functionality along various components of the Data Continuum™ such as Governance, Analytics, Inferences, and Insights. Riversand has been looking at the paradigm of “data we know and data we don’t know”, as understanding the type of data we are dealing with is the primary driver of understanding what kind of data construct is best suited to manage, persist and operate on it. Our approach isn’t to say that one data construct is better than the other in absolute rather outline what lends itself naturally to what type of data (and thereby data problem) and seamless offer the same through our next generation MDM products and platforms for the appropriate use case.

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