Monday, September 27, 2010
ROE Productivity Directly Correlated to Data Quality
According to a recent study, the financial metrics that predict a firm's competitiveness, overall health and profitability can be improved if high quality data is presented concisely and in useful ways to mobile and remote access users.
A study at The University of Texas at Austin in explored the correlation between Return On Equity (ROE) investments in IT and the financial performance of the business, the productivity of employees, and the ability to more accurately plan and forecastreports Julie Langenkamp for Information Management Magazine, Sept/Oct 2010.
The research done in conjunction with the Indian School of Business and sponsored by Sybase found that the cost of increasing effective data is relatively minor compared to the resulting returns. The study of more than 150 Fortune 1000 firms examined issues associated with the quality, accessibility and relevance of data, and how these factors affect the performance of the business.
Results suggest that even marginal investments in IT can have dramatic impact when that technology addresses data quality, usability and intelligence, whether it be using mobility or remote access solutions, analytics or BI solutions, or a combination of technologies.
For more information on how data quality can optimize your business performance, talk to your knowlegable Freelance Technologies Representative today!
We have multiple solutions for a variety of industries and business models. Let us know your business needs and we will provide you with several solutions at the best price available on the market. Read more.
A study at The University of Texas at Austin in explored the correlation between Return On Equity (ROE) investments in IT and the financial performance of the business, the productivity of employees, and the ability to more accurately plan and forecastreports Julie Langenkamp for Information Management Magazine, Sept/Oct 2010.
The research done in conjunction with the Indian School of Business and sponsored by Sybase found that the cost of increasing effective data is relatively minor compared to the resulting returns. The study of more than 150 Fortune 1000 firms examined issues associated with the quality, accessibility and relevance of data, and how these factors affect the performance of the business.
Results suggest that even marginal investments in IT can have dramatic impact when that technology addresses data quality, usability and intelligence, whether it be using mobility or remote access solutions, analytics or BI solutions, or a combination of technologies.
For more information on how data quality can optimize your business performance, talk to your knowlegable Freelance Technologies Representative today!
We have multiple solutions for a variety of industries and business models. Let us know your business needs and we will provide you with several solutions at the best price available on the market. Read more.
Tuesday, September 14, 2010
FTI at National PCC Day
Wednesday, September 15, 2010
7:30 AM - 3:30 PM
National PCC Day
Center for Innovative Technology
2214 Rock Hill Rd
Herndon VA 20170
7:30 AM - 3:30 PM
National PCC Day
Center for Innovative Technology
2214 Rock Hill Rd
Herndon VA 20170
FTI reps will be available to discuss the latest offers and developments in mailing software and data quality tools.
Take the FTI Mailers Challenge - WIN GOLD DOLLARS!
Take the FTI Mailers Challenge - WIN GOLD DOLLARS!
Grand Prize Drawing: Virginia Wine Basket!
Contact FTI to see which choice is the right solution for your business requirements.
Toll-Free: 888.970.9944
fti@freelancetech.com
Tuesday, September 7, 2010
Data Quality ROI
What’s Your Company's Bottom Line on Data Quality?
Poor data quality is a significant problem for many organizations as it can lead to inferior customer service, reduced employee productivity, lost sales opportunities and increased marketing costs.
• What tangible or bottom-line benefits will be realized as a result of data quality management efforts?
• What will data quality management cost?
• What’s the organizational impact of a data quality management project?
• What’s the downside of not pursuing data quality management?
• When is the best time to engage in new data quality initiatives?
• Is data quality management a stand-alone initiative, or should it be pursued in conjunction with other projects, such as customer relationship management?
Ten Good Incentives for Data Quality:
Among the key benefits are improved customer service and relationships, more efficient operations, lower costs and more revenue-generating opportunities. All of these benefits contribute to return on investment.
1. Back-office improvements. Data quality management can lead to benefits such as unified billing, accurate revenue accounting, accurate contract billings, unified credit management and reduced mailing costs.
2. Reduced costs of direct mail/marketing. Companies can decrease the costs associated with direct mail and marketing efforts by having more accurate data.
3. Reduced operating costs. Improved customer data and the consolidation of that data into a single source can lead to significant savings in operations costs for companies.
4. Faster and more accurate billing. Operating a central resource to manage data quality rules, taxonomy, and process enables organizations to keep customer information accurate, consistent and up-to-date, helping to ensure that invoices and other mailings get to customers in a timely manner. And, collections can be expedited with more accuracy in customer information.
5. More effective cross-selling and up-selling. With more accurate and reliable data on customer preferences, interests, and demographics, enterprises can more effectively cross-sell and up-sell their products and services to customers.
6. Better relationships with customers. Organizations with more accurate and reliable information about customers will have better relationships with those customers.
7. Improved customer service. Having accurate and timely information on customer preferences and concerns is vital to providing top-notch service.
8. Front-office improvements. Organizations can unify the corporate Web site with back-office systems, ensuring consistent data from all sources.
9. Improved regulatory/compliance efforts. With greater assurances that customer data is current and correct, companies are more likely to be compliant with government regulations.
10. Bolster privacy efforts. An effective data-quality and customer data management effort can help protect the privacy and security of sensitive customer data.
[source: http://www.oracle.com/master-data-management/roi-from-data-quality-white-paper.pdf]
FTI Expert Data Quality Assessment Strategy
Having high quality information about customers, and their needs, enables enterprises to respond proactively and deliver the products and services customers want. Keeping this data timely, accurate and easy to access throughout the enterprise is a key to improving business success.
Achieving data quality management should be an active strategy for IT executives, CFO's and a high priority goal of organizations looking to optimize heir business operations. When looking for the best investment to fit your organizational needs and also your budget, talk to FTI for honest answers and feedback on the current industry standards and options.
Freelance Technologies, Inc
888-970-9944 (Toll-free)
fti@freelancetech.com
Poor data quality is a significant problem for many organizations as it can lead to inferior customer service, reduced employee productivity, lost sales opportunities and increased marketing costs.
• What tangible or bottom-line benefits will be realized as a result of data quality management efforts?
• What will data quality management cost?
• What’s the organizational impact of a data quality management project?
• What’s the downside of not pursuing data quality management?
• When is the best time to engage in new data quality initiatives?
• Is data quality management a stand-alone initiative, or should it be pursued in conjunction with other projects, such as customer relationship management?
Ten Good Incentives for Data Quality:
Among the key benefits are improved customer service and relationships, more efficient operations, lower costs and more revenue-generating opportunities. All of these benefits contribute to return on investment.
1. Back-office improvements. Data quality management can lead to benefits such as unified billing, accurate revenue accounting, accurate contract billings, unified credit management and reduced mailing costs.
2. Reduced costs of direct mail/marketing. Companies can decrease the costs associated with direct mail and marketing efforts by having more accurate data.
3. Reduced operating costs. Improved customer data and the consolidation of that data into a single source can lead to significant savings in operations costs for companies.
4. Faster and more accurate billing. Operating a central resource to manage data quality rules, taxonomy, and process enables organizations to keep customer information accurate, consistent and up-to-date, helping to ensure that invoices and other mailings get to customers in a timely manner. And, collections can be expedited with more accuracy in customer information.
5. More effective cross-selling and up-selling. With more accurate and reliable data on customer preferences, interests, and demographics, enterprises can more effectively cross-sell and up-sell their products and services to customers.
6. Better relationships with customers. Organizations with more accurate and reliable information about customers will have better relationships with those customers.
7. Improved customer service. Having accurate and timely information on customer preferences and concerns is vital to providing top-notch service.
8. Front-office improvements. Organizations can unify the corporate Web site with back-office systems, ensuring consistent data from all sources.
9. Improved regulatory/compliance efforts. With greater assurances that customer data is current and correct, companies are more likely to be compliant with government regulations.
10. Bolster privacy efforts. An effective data-quality and customer data management effort can help protect the privacy and security of sensitive customer data.
[source: http://www.oracle.com/master-data-management/roi-from-data-quality-white-paper.pdf]
FTI Expert Data Quality Assessment Strategy
Having high quality information about customers, and their needs, enables enterprises to respond proactively and deliver the products and services customers want. Keeping this data timely, accurate and easy to access throughout the enterprise is a key to improving business success.
Achieving data quality management should be an active strategy for IT executives, CFO's and a high priority goal of organizations looking to optimize heir business operations. When looking for the best investment to fit your organizational needs and also your budget, talk to FTI for honest answers and feedback on the current industry standards and options.
Freelance Technologies, Inc
888-970-9944 (Toll-free)
fti@freelancetech.com
Thursday, September 2, 2010
Data Quality Solutions for Mailers
In the esoteric world of data quality, mailers may ask "Why are we discussing Hash Algorithms, and how does this really affect my bottom line?" Beyond the abstract algorithms, the answer can be simple and cost effective... Read More
Data Tools for streamlining business operations provide not only real ROI in terms of productivity and efficiency, but improve your competitive edge in the market. The ability to work effectively with complex data files, or mixed domestic & international data, can provide immediate returns.
The ability to work effectively with complex data files, or mixed domestic & international data, can provide immediate returns. Stand-alone or integrated software tools from BCC, Datatech Smartsoft, Melissa Data, Satori and SAP are the answer.
For current information and the latest promotional offers, contact FTI to see which choice is the right solution for your business requirements.
For more information, contact us toll-free at 888-970-9944.
Data Tools for streamlining business operations provide not only real ROI in terms of productivity and efficiency, but improve your competitive edge in the market. The ability to work effectively with complex data files, or mixed domestic & international data, can provide immediate returns.
- Parsing & Fielding
- Standardization
- Genderization
- De-Duplication
- Address Correction
The ability to work effectively with complex data files, or mixed domestic & international data, can provide immediate returns. Stand-alone or integrated software tools from BCC, Datatech Smartsoft, Melissa Data, Satori and SAP are the answer.
For current information and the latest promotional offers, contact FTI to see which choice is the right solution for your business requirements.
For more information, contact us toll-free at 888-970-9944.
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