COMPANION (CMP) & DATAQUAL
Reliable data, proven compliance
Inconsistent data, manual checks, audits under pressure: in regulated environments, a lack of data management comes at a high cost. Reveals provides the tools to ensure reliability, traceability and effective management. For the long term.
SOLUTIONS
Our 2 complementary solutions
These solutions enable greater control over data whilst integrating with existing systems.
DataQual®
Dedicated to data quality management, anomaly detection and monitoring of corrective actions
CoMPanion®
Designed to provide a framework for managing regulatory requirements, controls and traceability
DataQual : keeping your critical data under constant monitoring
Reveals steps in where data quality becomes a critical issue.
This approach is part of a pragmatic and operational data quality management strategy. Every anomaly detected results in a documented correction, clear traceability and a management framework, to ensure the data can be used safely in the future.
Positioned as an overlay on top of your operational systems, DataQual enables you to :
- Automate quality checks on large volumes of data ;
- Measure the quality of your critical segments ;
- Launch, monitor and measure the impact of remediation campaigns.
For an existing client, DataQual has made the source data for client reporting completely reliable, with error rates reduced to zero within six months and quality consistently maintained.
CoMPanion : a tool designed for the Compliance Monitoring Plan
In banks and asset management firms, the Compliance Monitoring Plan is an essential, recurring and regulated activity.
Today, we see that this annual process, involving multiple stakeholders and deadlines, often remains complex to manage, poorly supported by tools and difficult to track, particularly in an audit context.
That is why we have developed CoMPanion, which enables you to :
- Structure the action plan (who does what, how) ;
- Ensure the traceability of associated regulatory obligations ;
- Monitor the progress of actions on an ongoing basis ;
- Estimate and manage the associated workload.
Quickly implemented at a fund management company, CoMPanion enabled an effective response to an audit recommendation. The result : reduced risk of non-compliance and clear visibility over the management of actions.
Q&A
Frequently asked questions
from our customers
What is the difference between data quality and data compliance ?
Data quality refers to the reliability, consistency and readability of the information.
Data compliance relates to adherence to regulatory requirements and the ability to demonstrate such adherence over time.
In regulated environments, these two aspects are closely linked and must be managed in tandem.
Why is it important to manage data quality over the long term ?
Because data quality is not determined at a single point in time.
Without structured oversight, discrepancies re-emerge and undermine business processes, reporting and compliance.
Effective data quality management ensures reliability over the long term.
Do your devices replace existing systems ?
No.
Reveals solutions complement existing systems and databases, providing an additional layer of management, governance and traceability tailored to regulated environments.
In what ways does compliance management offer benefits beyond mere regulatory compliance ?
A structured approach to compliance management enables organisations to:
- make more confident decisions ;
- improve the reliability of reporting ;
- reduce the workload associated with audits and controls.
It transforms a regulatory constraint into a tool for better control for business, data and compliance teams.
What types of organisations are they aimed at ?
Reveals’ solutions are primarily aimed at regulated financial institutions facing significant challenges in terms of data quality, compliance and governance :
- banks
- asset management firms
- fund services providers
- organisations subject to regular regulatory audits.