IDEA Enters Strategic Alliance With Stibo Systems
June 13, 2016
Stibo Systems’ Master Data Management (MDM) platform STEP Trailblazer will power the Industry Data Exchange Association, Inc.’s next-generation IDW platform to standardize and manage manufacturer product data.
IDEA selected Stibo Systems’ MDM solution to power the next-generation Industry Data Warehouse (IDW). IDEA will implement and manage the MDM platform.
“IDEA needed a partner who was technologically equipped and passionate about making this application more efficient and effective,” says Paul Molitor, President and CEO, IDEA. “We selected Stibo Systems due to their flexible MDM offering, and their reputation for being engaging and committed. We’ve also launched our Next-Gen IDW User Group to collect insights about current user challenges, functionality requests, and user priorities, which will complement Stibo Systems’ offerings and help guide the improvement of the IDW platform.”
The current IDW platform serves as the electrical industry’s product information data pool for North American companies. It allows manufacturers to securely share accurate and timely product and pricing data with distributors and other wholesale trading partners from one centralized location and in one standardized electronic format.
To support IDEA’s goal of increasing the depth, breadth, and quality of content in the IDW, IDEA and Stibo Systems are working together to build and deploy the enhanced next-generation IDW platform. IDEA will leverage Stibo Systems’ flexible MDM solution to give the new platform a more user-friendly interface, strengthen and enforce product data security and authorizations, and monitor and report on product data to ensure adherance to quality and compliance standards.
“With an ever increasing number of products to manage, manufacturers and distributors are finding that, without appropriate data management in place, problems such as inconsistent or duplicate data can quickly affect business operations, profits, and customer loyalty,” says Todd Callen, Executive Vice President, Stibo Systems. “IDEA understands these challenges and is actively working to facilitate the accurate and reliable exchange of information.”
IDEA is the official technology service provider and eBusiness standards body of the electrical industry. The company helps thousands of manufacturers and distributors find the most cost-effective methods for running day-to-day business; www.idea4industry.com.
Stibo Systems is the global leader in multidomain Master Data Management (MDM) solutions; www.stibosystems.com.