DATA MANAGEMENT

Improve the quality of data at your practice

The challenges surrounding data

Bad quality data that is hard to reach
Systems are not integrated so data is duplicated and messy
No single location for everything, e.g. where do you go for a list of customers
Different systems with different sets of clients, making it hard to run reports
Older accountancy applications are old, not web-based, and don’t integrate with newer systems
Data is locked in certain places which creates restrictions and limits access
Senior stakeholders are not happy to look at Excel, their expectations have gone up. They want more sophisticated technology to interact with clients

Integrated systems when looking to update data, and that it is consistent in multiple places
An easy way to report on data
Easy access across the board
Automated data integration
Rapid insights
Accurate and up-to-date client records

Data cleansing: we will run a traffic light report on the quality of a firm’s data across all systems
Systems integration: using smart tools, we have the ability to pull data from multiple places and suggest an effective way to integrate the sprawled data. As part of the integration process, this will fix the data quality such as correcting or deleting inaccurate records, managing duplicates and fixing incomplete data.
Presentation: a single reporting system will make data presentation easy, with everything accessible from all points and people.

Data will be consistent: if a customer changes their address in Practice Gateway, staff don’t need to make changes anywhere else. The data will auto-update around all the different systems and update the address.
Integration with Power BI: this will give the customer information about themselves, i.e. financial information, or progress on investments saving staff a lot of time gathering the data.