We help clients implement data controls and improve the integrity of their data to ensure that regulatory, financial and management requirements are met. We turn data into information, and information into actionable intelligence.
Our services:
- Implementing data quality frameworks and controls
- Data remediation
- Reporting
Data remediation
Equipment finance contracts usually contain a large number of inter-related data items, many of them linked over time. As a consequence, errors in a single critical item of data often leads to a cascade of errors, which if they remain undetected or uncorrected can:
- Impact customers and damage reputation
- Mislead management into making decisions based on inaccurate information
- Mean incomplete or erroneous information is provided to regulators
- Be costly to correct, especially if erroneous data remains undetected for sometime
The need for data remediation
The need to cleanse and restructure data typically arises when:
- System migration projects are undertaken
- Business process improvement initiatives uncover data issues
- Master Data Management projects, such as GDPR compliance, are underway
- Mergers and acquisitions are initiated
- Broken processes are detected
- Previously undetected system errors are uncovered
Further information
To view or download any of our product sheets, including that for Data remdiation, please use our quick and easy Login or Register your account
You can view all our downloadable documents here.
Working with Richmond
Equipment finance expertise
Deep understanding of equipment finance and leasing
International
Delivering projects in Europe, the Americas and Asia
Practical and pragmatic
Experienced, knowledgeable, safe
