dn:Director solution areas: Single View of Bill, Sanctions & PEP Screening, Regulatory Compliance.

‘Data Quality’ software might not be top of the list of areas of interest for Finance teams, but dn:Director is different, and its benefit to Finance Directors and Managers is significant. Ensuring fit-for-purpose data in customer records reduces revenue leakage through inaccurate billing or debt recovery failure, and eases compliance with legislation and regulatory directives such as Know Your Customer (KYC) and Treating Customers Fairly (TCF).

The significant financial punishments for failure to comply with legislation such as the 3rd EU Money Laundering Directive (3EUMLD), Counter Terrorism Funding (CTF) and Proceeds of Crime (PoC), and to comply with directives such as Basel II, MiFID, Sarbanes-Oxley and (for the Insurance Sector) Solvency II places huge pressure on Finance teams to deliver absolute accuracy and granularity of reporting, and as a consequence they have to be able to rely on accurate data throughout the enterprise. dn:Director Sanctions & PEP Screening is already the Client Screening solution of choice for the Financial Services industry and its use is expanding rapidly into other regulated industries.

Benefits of dn:Director to Finance teams include:

• Improving the accuracy of the Single View of Customer, allowing greater insight into service delivery and transactions, to improve billing accuracy
• Increasing debt recovery performance through accurate customer and addressing data
• Easing compliance with legislation such as Carbon Accounting, Anti-Money Laundering, Basel II, MiFID, Sarbanes-Oxley, Know Your Customer etc
• Improving the accuracy of Capital Adequacy calculations, and general financial risk evaluation

From one simple, central application console, Datanomic’s dn:Director enables organisations to unify and normalise data from discrete sources in multiple formats, identifying gaps and repairing issues in the data and instigating automated rules to ensure the integrity of the data going forward.

To assess your current data with you, Datanomic would be delighted to facilitate a free 90-minute QuickStats Workshop. Using a sample of your data with the dn:Director profiling and auditing processes, this workshop helps assess potential errors, inconsistencies and inaccuracies in data sets and provides suggestions for ways to fix them to ensure your data is fit for purpose. At the end of the session, we will leave you with a detailed Results Book of findings.

To request a QuickStats Workshop for your organisation, please follow this link to our QuickStats Workshop Request form.