PRINCETON, N.J.--(BUSINESS WIRE)--Verdantis, Inc., the leader in Automated Material Master Data Management (Material MDM) Solutions announced the addition of one of the largest electric utilities in the United States – American Electric Power (NYSE:AEP) – as its customer. AEP has signed a 5 year deal to license Verdantis Harmonize® and Verdantis Integrity®.
AEP will use Verdantis Harmonize® to standardize and classify approximately 400,000 item descriptions, enrich legacy data and identify form-fit-function duplicates via non-source enrichment to unlock procurement and inventory related savings. Harmonize encapsulates over a decade’s worth of MRO data quality improvement expertise into a self-service, spreadsheet-free platform for end-user organizations.
Verdantis Integrity® empowers users with an Amazon-like interface to search materials, items and parts within and across facilities. With highly configurable workflows, it will be a strong tool to improve processes related to new part creation, duplicate removal and data standardization. “A key success factor for high adoption was the ability of Verdantis Integrity to integrate seamlessly with AEP’s EAM solution,” said Arthur Raguette, Executive Vice President of Verdantis, Inc.
“Increased cross-industry acceptance of our Material Master Data Management solutions proves that leveraging the automated processes and domain expertise embedded within Harmonize and Integrity out-delivers the static rules-based alternatives for MDM and MDG in terms of time-to-go-live and flexibility,” stated Arthur Raguette. The 5 year partnership ensures that AEP has flexibility for strategic growth.
Verdantis, Inc. has been delivering Automated Master Data Management solutions for items/ materials/ purchased parts since 2004. Verdantis was the first to offer Master Data Management solutions that deliver proven ROI and Business Value, by focusing on the business use and application of Master Data. Verdantis uniquely offers end-to-end, force-multiplying Material MDM solutions to maximize value from ERP/MRP/EAM investments.
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