Finance

Companies need to address customer-specific interests and perspectives, while increasing the product variety, in order to remain competitive in national and global markets.

The challenge of updating product information for different formats in various languages is further intensified by the growing number of regulatory compliances, worldwide. The importance of "single source of truth" becomes obvious when having to update an interest rate in all related product documentation at once.

Thus, companies continue to seek new ways to increase revenues, cut costs, and improve regulatory compliance. Having a single-data-source solution with consolidated, clean and consistent information in critical areas of business data has proven to be a sustainable competitive advantage and can provide a dramatic return on investment.

Typical requirements:

• Optimize, track and control the procedures for creating, updating and validating product information ensuring the data's accuracy and consistency.

• Simplify access to product information for clients and employees accelerating product sales.

• Minimizing the number of software applications used to complete product documentation, while synchronizing the product information lifecycle from research & development up to distribution.

• Deployment of Semantic Web technologies to facilitate data accessibility, thus increasing customer satisfaction.