System and method for preserving interdependent corporate data consistency in a globally distributed environment

A system and method that preserves consistency of corporate data including interdependent corporate data in a globally distributed environment. The system comprises: a network; a user interface in communication with the network; at least one local data storage in communication with the network, wherein the local data storage comprises a plurality of local data records pertaining to business entities; a global data storage in communication with the network, wherein the global data storage comprises a plurality of global data records generated from local data records received from the at least one local data storage; a computer comprising a processor and memory in communication with the network, wherein the processor: determines the latest update point of an update record and a global data record; and if the latest date reference for the update record differs from the global data record, the computer determines which record will take precedence, thereby producing at least one precedence record element; an assembler; and a distributor which distributes the final update record to the user.