Hub Solution Designs, Inc. is a management & technology consulting firm specializing in Master Data Management (MDM).
The software evaluation & selection engagement typically follows from our MDM â€śMaster Classâ€ť workshop, readiness assessment and business case creation & ROI analysis engagements.
MDM requires a suite of related technologies, including a hub, data quality, integration technology and business process automation. Coupled with the different hub architectural styles, service-oriented architecture, Software as a Service, etc., selecting technology for MDM is a challenging process:
MDM hubs are relatively new to the market and continue to evolve rapidly
There are several different styles of MDM hub to evaluate
Comprehensive data quality requirements for MDM
End-to-end business process automation for repeatability and consistency
Need to adapt existing technology and processes for MDM solutions
The software evaluation & selection deliverable consists of a detailed report containing business and technical needs, functional requirements, evaluation criteria and a selection matrix.
The extent of the deliverables will depend on the scope of the engagement and can include:
- Needs assessment, including planning and SWOT analysis
- Business, user and technical requirements
- Selection criteria, selection process checklist
- Functional requirements, evaluation checklist and decision matrix
- Creation of a Request for Information (RFI) or Request for Proposal (RFP)
- Gather, review and rate RFI or RFP responses from vendors
Hub Solution Designsâ€™ proven methodology on software evaluation & selection empowers companies to make the best product choices, balancing business drivers with people, processes and technology.
We enlist stakeholders and users and map the key business needs to functional and technical requirements, which are in turn mapped to evaluation & selection criteria.
Choosing the right software products and technologies is a must for success in MDM and has the additional benefits of:
- Maximizing your overall project â€świnsâ€ť
- Positioning you from the beginning to achieve a positive Return on Investment
- Helping you select the right MDM technology foundation, to drive long term, sustainable competitive advantage
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