As organizations grapple with data fragmentation, inconsistency, and siloed systems, a centralized and standardized approach to data management is now more critical than ever.
Oracle Data Relationship Management (DRM) offers a comprehensive set of tools and capabilities to streamline data governance, ensure data quality, enforce enterprise governance policies, and facilitate efficient data integration across disparate systems and applications.
This article discusses the core components and capabilities of Oracle DRM, exploring how it helps organizations drive data-driven decision-making and where our team of Oracle consultants can come in to help maximize efficiency.
What is Oracle DRM?
Oracle Data Relationship Management (DRM) is an enterprise change management solution designed to help organizations maintain effective master data management and governance strategies, support transactional and analytical systems, and adapt quickly to rapidly evolving business environments.
By providing an intelligent data model-agnostic master data management solution, DRM in Oracle enables effective management across enterprise systems and maintains data quality, consistency, integrity, and accuracy regardless of where the data comes from or is migrated.
Key Components of Oracle Data Relationship Management
Analytical Master Data Management
Oracle Data Relationship Management enables organizations to create a complete enterprise view of financial and reporting structures, analytical dimensions, and other critical performance measures to ensure data consistency and referential integrity across systems.
By leveraging core DRM capabilities, users can create departmental perspectives and master data constructs that enforce enterprise governance regulations and synchronize data with downstream systems, including data marts, data warehouses, business intelligence, and enterprise performance management systems.
Financial Master Data Management
With Oracle Data Relationship Management, organizations can consolidate financial and reporting structures across general ledger, financial consolidation, and planning and budgeting systems, enabling a complete, enterprise view of cost centers, financial chart of accounts, and other legal entities.
Data Governance
The Oracle Data Relationship Governance (DRG) application offers a fully configurable solution that automates change request approval and data remediation workflows between key business users, including subject-matter experts, front-line employees, data stewards, and signing authorities.
By ensuring accurate data governance through Oracle’s intelligent DRG tools, organizations can manage change more effectively, ensure policy compliance, and remediate critical assets like master data, hierarchies, relationships, and more.
Integrations with Other Products and Systems
Support for cloud services
DRM provides cloud support for both SaaS and PaaS services, allowing users to address integration issues proactively and enable data and application portability across enterprise environments.
With REST-enabled software and support for multiple flat-file formats, organizations can load and manage data more effectively and maintain a common platform for all enterprise and cloud services.
Non-Oracle system integrations
Oracle Data Relationship Management provides support for integrations with non-Oracle products like SAP, Workday, Salesforce, and ServiceNow through:
- ETL/ELT tools
- Flat files
- Database tables
- XML
- Java
- SOAP/REST APIs
- BPEL/BPM
- BAPIs
Oracle EPM maintenance
DRM offers various ways to drive efficient integrations with Oracle EPM products, enabling stronger connections across systems and delivering tailored support for critical EPM objectives.
With Oracle Data Relationship Management, organizations can standardize enterprise system integration with existing legacy systems or sunset legacy systems while retaining other core integrations, depending on their specific integration needs.
How Can We Help?
From outlining implementation plans for new Oracle applications and maintaining consistent master data constructs based on validations and business rules to navigating integrations with general ledger systems and achieving on-going financial management, Surety Systems is here to help.
Our team of senior-level Oracle consultants has the skills, experience, and proven track record to handle your critical data management and governance needs and ensure continued success over time.
Contact Us
For more information about our Oracle consulting services or to get started on a project with our team of expert consultants, contact us today.
