Finance master data in MDM

[Former Member]

My understanding is that you cannot use MDM for Finance master data like GL accounts or Cost Centers. Why ? And is there a best practice for centrally maintaining these kinds of master data if MDM cannot be used ?

[Former Member · Accepted solution]

SAP MDM gives you the ability to create a custom central repository even for financial objects like Chart of Accounts etc.

The important things to remember are:

1) Process

Map your business processes for creating, updating and deleting a certain object. This is the critical and most important step.

2) People (Can be construed as Security)

Map out who has access to create and maintain these objects. Also who is the intended audience for this information and how this information can be used by this audience.

3) Technology

Plan on how you are going to expose this information to the internal or external world. ex: Portal, GUI Client, AI forms etc

[Former Member · Accepted solution]

In EHP 4 SAP has introduced the MDM for Finance with it'ss own data model