Why Data Quality Is Imperative for Effective Compliance Management

When it comes to driving business decisions around compliance, data quality is a key factor to ensure an appropriate decision is made preventing significant consequences that can be damaging for organisations.

In this digital age, organisations are looking for solutions to transform their processes and improve the way in which they operate. It is astounding how many businesses are still using a pen and paper to record their properties compliance, leaving plenty of room for human error.

Where systems are in place, they tend to be numerous and therefore require intensive administration processes and are prone to errors, compounded by multiple formats and double data handling.  This can result in imperative actions being missed or becoming overdue.

Poor data quality can have a severe impact on decision making when it comes to regulatory compliance, it is therefore essential to ensure data is accurate, up to date, concise, reliable, and readable.

Caldiston Limited are Consultants who work with numerous organisations across various industries, helping to ensure effective compliance management and health and safety processes are in place.  Lisa McCaulder, Managing Director of Caldiston Limited has spoken to C365Cloud to explain the importance of good data quality:

Managing compliance data effectively has never been more important with the Building Safety regulator on the horizon. When you see a system that helps you to do that in which your asset and your compliance requirements are truly joined up and human error potential is minimised, it’s bound to grab your attention. C365 helps provide the assurance and the real time dashboard that a compliance team need to be able to assure Customer and Businesses.

The C365Cloud solution is bespoke for each organisation.  We robustly review all report types as part of implementation and as and when the supply chain changes.  Using machine learning our system mass extracts information directly from various documentation, with the quality of resulting actions carefully monitored by our innovative inhouse AI.

C365Cloud ultimately allows users to manage their compliance by exception, it ensures actions can be tracked to conclusion through easy to access dashboards and unlimited reports, providing a full audit trail and a legally defensible position.

Our systems evidence-based reporting, mobile working and audit facility has proven to improve visibility and ensure organisations can focus resources effectively. We currently help manage compliance for circa 1 million properties, with more than 100,000 individual users and over 100 compliance areas.

Get in touch with our friendly team today on 01924 669940 to find out more about how we can help you or to request a demo of the system in action! You can also send us an email to info@c365cloud.co.uk.