Finance

Never has the need been greater for the Financial Sector to show forward thinking and strong governance across all aspects of its business. Engaged in continual transformation for a competitive edge and beset by a torrent of new regulation, a firm grip is needed to stay on top of the risks and opportunities presented to by legacy information assets. The problem is that whilst line of business databases are closely managed, the wealth of unstructured information that supports them, such as word processing files, PDFs or spreadsheets, runs out of control. The resulting issues are clear:

• Potentially sensitive information goes unprotected with little or no heed to retention requirements.
• The provenance and relevance of search outputs is compromised by low-quality or non-existent metadata.
• Infrastructure costs skyrocket as all manner of rubbish and duplication is spawned by well-meaning but misguided users.

By taking information governance seriously and acting proactively to clean up their digital landfill, financial leaders will be preparing themselves to fully exploit opportunities such as on-boarding of information following mergers and acquisitions as well as better serving the general decision making needs of their staff. Further, with many organisations investing in new information systems such as Microsoft SharePoint, information quality becomes a key element of a successful information strategy.

For financial organisations, Active Navigation brings the ability to rapidly discover and deal with redundant, obsolete and trivial information - a fundamental step in any information governance project. Further, its ability to generate consistent and relevant metadata from file contents (rather than relying on simple file properties) is key to the driving effective search and business process efficiencies.

Contact our This e-mail address is being protected from spambots. You need JavaScript enabled to view it if you're interested in receiving a demonstration or further discussing your needs.