Double Trouble: Tackling Business Partner Data Duplicates
Hi data citizen,
In an ideal database utopia, every record represents a unique entity.
But we live in a world of human error, mergers and acquisitions, and the occasional data entry mishap. From oblivious business users creating multiple master data entries to importing messy data from other systems, the struggle to avoid duplicates is real. And valid for any company.
When implementing new ERP systems like SAP S/4HANA, duplicates should be the first to get rid of, enabling migration with a foundation of clean data. For example, we helped one of our customers identify 290,000 duplicates across different companies and systems, leading to successful migration to S/4HANA.
Another typical duplicate situation happens in large merger and acquisition projects. We helped a client consolidate 1.3 million customer and vendor records in just 10 weeks. This process involved eliminating 80,000 duplicates and improving data quality across a million records. Our expertise ensures streamlined operations and reliable post-merger data.
It's time to outsmart those sneaky duplicates and drive long-term business success.
Double trouble: how many duplicates do you have?
Imagine discovering over 177 thousand duplicated master data records in your system. It's like trying to solve a riddle with no solution! From compromised credit risk assessments to compliance headaches, the consequences are significant. But don't worry, there's a silver lining.
One of CDQ customers had a whopping 177 thousand duplicated master data records until they took the smart route of deduplication with CDQ services. And guess what? They eliminated over 60% of those duplicates, saving themselves from confusion and unnecessary costs.
Now, you might think this is a rare occurrence, but it's not. We regularly witness nearly 60% of business partner records with critical violations and an average of 16% unintended duplicates. Yikes! Once you become aware of this lurking issue in your system, there's no going back.
So, let's address the elephant in the room. How comfortable are you with those duplicates causing havoc in your precious data? It's time to take action!
Putting a price tag on duplicate
Based on our experience in data quality spanning 17 years, combined with valuable insights from our Data Sharing Community, we have conducted estimations regarding the cost of duplicates. Buckle up, as we unveil the whopping cost of your master data double trouble.
Our community members manage an average of 200,000 customer or vendor data records. This provides us with a solid foundation for our analysis.
Through our research and market proximity, we have determined that approximately 16% of these 200,000 records are unintended duplicates. These duplicates are a potential drain on resources and profitability.
After careful consideration of various factors, including process costs, data acquisition expenses, and the impact on strategy decisions, we have estimated that a single duplicate can cost around 1000 euros.We considered the ripple effects caused by duplicates throughout the organization. To arrive at this estimation, we've collected insights and feedback from our esteemed CDQ Data Sharing Community members, engaged with our LinkedIn followers, and conducted an internal survey among our CDQ experts.
Every company must take proactive measures to identify and eliminate existing duplicates and avoid new duplicates in the data creation process. Discover how the CDQ Data Quality Cockpit solution can assist your organization in tackling data quality challenges head-on.
How to avoid duplicates at creation? Keep on reading!
Dupliacte-free SAP S4/HANA landscape
In many companies, maintaining SAP business partner data can be a tedious task involving manual data entry, field by field. And that's exactly where duplicates like to sneak in.
Streamline your workflows, boost accuracy, and minimize duplicates with Business Partner Look Up seamlessly integrated into your SAP system. Powered by CDQ Cloud Services, this user-friendly interface revolutionizes the way you create business partner data.
Say hello to top-notch data quality effortlessly entering your workflows. It's time to simplify and optimize your data management experience.
Unlock the power of real-time data with access to over 70 trusted sources right within your SAP system. Seamlessly integrate data from diverse sources, all neatly mapped to the SAP One Domain Model. With global coverage and customizable options, creating Golden Records has never been easier.
Ready to experience a new era of master data creation in SAP? Start your free month today and see the difference for yourself!
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