The new product will use this data to support e-business processes in heterogeneous IT systems, the company said at its Sapphire customer conference and trade show in Lisbon, Portugal.
Several large companies including Dow Chemicals, Motorola and Nokia are advising SAP in the development of the product, called SAP Collaborative Master Data Management (SAP CMDM).
As data and systems proliferate companies are looking for ways to integrate and consolidate master data, trapped in multiple systems, while using their existing infrastructures, SAP said. The company claims its CMDM product is the first standardised offering that allows companies to establish a cohesive environment, ensuring that consistent data is used in all business processes.
Rather than just providing a pure enterprise application integration engine, the CMDM product will offer both the ability to integrate data and applications needed to support business processes around collaborative master data management, SAP said. Users will be able to easily access the unified data through the personalized mySAP Enterprise portal.
SAP CMDM will be based on mySAP.com technology, an open standard and Web-based system. In addition to SAP Exchange infrastructure, the system will consist of a master data server, a content integrator and adaptors.
The product is expected to ship in the third quarter of 2003. It will not be restricted to companies who already use other SAP software products.