THE COST OF LOW QUALITY  DATA

No one will argue that high-quality data is the brass ring to strive for in today's information-driven marketplace. Poor data can result in improperly filled customer orders, incorrect invoicing that delays payments from customers, weak financial recordkeeping, lax inventory management and even poor product quality.

However, high-quality data can be difficult to achieve, and in certain situations just isn't there. According to AMR Research, valuable decisions can and must be made with less- than-perfect data, although the sensitivity of important applications and decision- support tools to data quality must be well understood. All data is not created equally, and it is important for finance to assess data quality up front, improve it where possible, and where weaknesses are suspected, employ self-correcting algorithms to handle the "noisy data."

FIRST Database Solutions can assist companies in improving the accuracy of their information. Contact us today for a free initial consultation.

Future Seminars / Web casts:

	Maintenance of Records -- paper and electronic
	Audit Work Papers
	Internal Controls
	Automated Expense Management