Managing data from business partners is a complex and resource-intensive task in the automotive industry. Company address information is often changing due to renaming, relocations, bankruptcies, mergers, acquisitions, or the establishment of new sites. Making sure that these records remain accurate and up-to-date requires significant effort and investment. At the moment, many automotive companies have large teams that handle this challenge or outsource data enrichment to third-party providers, which leads to increased costs and inefficiencies.

Cofinity-X's Business Partner Data Management (BPDM) aims to transform this process with an end-to-end solution designed to streamline master data management. In partnership with Catena-X and its shareholders, Cofinity-X has developed a centralized service that aggregates and maintains a shared pool of business partner data. This unique, continuously enriched dataset is accessible to all industry collaborators, reducing manual effort and ensuring high-quality, reliable data.

By joining as a sharing member, your company contributes to and benefits from the most comprehensive and accurate data pool in the automotive industry, leveraging primary datasets directly from data-owning companies. It allows you to reduce costs by utilizing its centralized workflows instead of relying solely on in-house resources. Accurate master data is essential for various industry use cases, including traceability and circularity. With BPDM, you can easily locate your business partners within the dataspace, facilitating direct engagement and data sharing to drive efficiency and innovation.

Learn more about the components of BPDM:

BP Explorer

Data provisioning

Data consumption

Golden Record