We realized two years ago that something had to change in the world of master data management. Our customers weren’t satisfied with the traditional solutions available in the market and quite frankly, the solutions just weren’t good enough for a digital world.
HOUSTON (PRWEB) July 26, 2018
Riversand, a cloud Master Data Management and Product Information Management provider, is excited to announce the latest release of its master data platform along with a suite of solutions that are designed to help customers through their digital transformation efforts.
A key aspect of digital transformation is the role of data – and more importantly, how organizations can leverage data to create better and faster business outcomes. In keeping with the company’s vision to help forward-thinking organizations discover the value of their data, Riversand solutions are designed for improved business agility, faster adoption and improved collaboration across the enterprise.
“We realized two years ago that something had to change in the world of master data management. Our customers weren’t satisfied with the traditional solutions available in the market and quite frankly, the solutions just weren’t good enough for a digital world, “ said Upen Varanasi, Riversand CEO and Founder. “That’s when we knew we had to make a bold move to envision a new kind of data platform that was capable of handling the forces shaping our industry. I’m extremely proud of the Riversand team and the effort it took to apply our data expertise and technological innovation to the problem by creating a platform with data and analytics at the core. We give our customers the ability to manage data as a true strategic and competitive advantage.”
The new release consists of a suite of business applications (apps) that are built on the Riversand Data Platform (RDP). RDP is a single, integrated multi-domain master data management platform that can handle the scale, velocity and variety of data – including master data as well as transactional, analytical and interaction data. The apps consume the shared and trusted master data from the platform. In this initial release, the applications suite includes Product Information Management, Vendor Portal and Digital Asset Management solutions. In the coming weeks and months, additional apps will be made available, including solutions that are customized for particular industries. For example, an app for the automotive industry can manage vehicle and parts data that accelerates new part introduction from days to minutes, enabling quicker time to market which leads to greater revenue.
Key highlights include:
Simplified, elegant user interface that’s easy for anyone to use
Traditional MDM has been clunky and awkward, making it difficult for business users to adopt. The Riversand Data Platform and corresponding apps built on top of it include completely new and extremely business friendly user interfaces and dashboards that facilitate improved collaboration across the enterprise and the extended ecosystems.
Improved business agility
- Scalability: Cloud platform with Big Data stack enables secure, elastic data hosting and data management at scale
- Interoperability: Ability to integrate to all ecosystems including existing ERP, CRM and other data sources. Additional support for automatic data syndication to external marketplaces
Accelerated decision making and successful business outcomes
Built-in machine learning and artificial intelligence capabilities deliver better recommendations to enterprises allowing them to achieve better business outcomes. The system is ‘self-learning’ and designed to get smarter over time by learning user preferences, showing users the most relevant and important information to them as well as prioritizing the work needed to be done. Machine learning helps core business roles be “guided” toward quicker, better decisions because the right data is being fed to them at the right time.
App ecosystem for rapid expansion to support future business needs
Riversand has created an easy way for customers (and partners) to extend the platform via apps for use cases involving analytical or transactional data with master data. This initial release offers apps that Riversand has built on the platform but coming soon will be an app toolkit (app building SDK) that allows our customers and partners to build their own apps to cater to their specific needs. Riversand customers will benefit in choosing from a rich library of apps available to them.
These new offerings were made available to a select few customers over the past year and with their feedback, insights and collaboration, the platform and apps are now Enterprise ready for the market.
For more information, please check out this Q&A interview with Riversand CEO & Founder Upen Varanasi.
Riversand cloud-native master data management solutions are designed to support customers’ digital transformation journeys through improved business agility, faster adoption and improved collaboration across the enterprise. Riversand has a vision of helping companies know their customers better, move products faster, automate processes, mitigate risk and run their businesses smarter. Our customers, partners and analysts recognize us as a trusted partner, visionary and a leader. Visit Riversand.com for more information, follow us @RiversandMDM on Twitter and join Riversand on LinkedIn to keep up with the latest data conversations.