Are Master Data Management and Master Data Governance the same?
They are often used as synonyms, but we can also highlight some differences between the two. The main one according to some definitions is that Master Data Management covers the technical process of using and sending data in all channels, and Master Data Governance is the security system by which that data is managed and analysed. What you should note is that an MDM system offers you integrated Master Data Governance functions.
Will I have integration problems between an MDM and a PIM?
None: nowadays software systems are prepared to address your company’s functions and adapt to them, in a manner that is 100% customisable. In Sales Layer, we make sure we analyse your case and prepare the best PIM solution for your company, whether or not you have an MDM service contracted.
What should I install first in my company: an MDM or a PIM?
It depends on the priorities and needs of your business. If your company does not have many parties involved, has a single central database and your main concern is to sell products, a PIM can suffice. It is a fast, simple and efficient solution, great as a foundation before you complement it with an MDM system in the future. Moreover, some PIM systems already integrate MDM functionalities in their services, since they are two information management processes that are closely linked to each other.