Entity Management Software: An Essential Tool for Organizations

Entity management refers to the process of identifying, organizing, and tracking entities—people, companies, places, assets, or other items—within an organization. As organizations grow in size and complexity, they accumulate vast amounts of entity data that needs to be effectively structured, governed, and used across departments and systems.

Entities exist in various business contexts like customers, suppliers, products, etc. Master data refers to core entity attributes while reference data provides additional qualifiers. Entity management platforms establish governance over entity master and reference data by standardizing formats, defining validation rules, and maintaining data quality.

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