Product Information Management (PIM) is a collaborative solution to maintain product data with all of its rich detail (attributes) across different business units and organizational groups within the enterprise, such as engineering, sales, marketing, operations, e-business or procurement. All product information is sourced from a single repository and thus available across the enterprise at the touch of a button. ‘A single source of truth’ enables ease of product data synchronization across all corporate internal systems, as well as out to all customers and partners.

Accurate and timely availability of product information is critical to a company in meeting its business performance objectives. Many companies today face inaccurate, inconsistent and redundant product data spread across a plethora of applications across the enterprise. Companies are also challenged with significant costs for getting product information into numerous systems that are not integrated. The lack of integration results in substantial reconciliation, research and rework of product data to achieve quality. Data standards and taxonomies for exchanging product information with suppliers and customers are currently a moving target. Companies today are hard pressed to keep up with these evolving standards and changing data format needs of their trading partners.

Riversand PIM enables companies to aggregate, manage and distribute up-to-date product information from a central repository. Riversand addresses all of your product data needs, from data synchronization and strategic sourcing to e-procurement, catalog publishing, proposal automation, internet selling, and publishing content to web sites or portals.

Several industry studies, from A.T.Kearney, AMR Research and others confirm the significant value of a centralized PIM repository: