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Did you know that up to 30% of all customer data in corporate databases can be outdated or inaccurate? This alarming statistic underscores the critical importance of having high-quality data for effective CRM strategies.

In the digital world, where data is considered the new gold, the importance of access control for IT security is often underestimated until it is too late. Imagine spending years working to ensure the integrity of your company data, only to discover that unauthorised individuals have gained access to critical information.

Imagine opening a website and immediately feeling personally addressed. Every product displayed seems to understand your individual needs and preferences. This tailored approach not only piques interest, but also creates a connection that fosters trust and loyalty.

At the 8th Annual Conference on Data Governance and Compliance for Financial Institutions in Frankfurt, TOLERANT Software joined forces with Dassault Systèmes to show how banks can successfully combine data quality, automation and regulatory requirements. The focus was on a presentation by Mihal Berberoglu, who gave a practical demonstration of how digital processes based on high-quality data can increase efficiency, compliance and customer satisfaction in equal measure.

Address data is among the most sensitive and business-critical master data a company has. A recent industry study estimates the average error rate for customer addresses at 7.8%, which causes annual additional costs of around £900,000 in medium-sized companies. Incorrect, incomplete or outdated addresses not only impair operational processes, but also analytical evaluations and jeopardise compliance requirements.

The address validation tool TOLERANT Post is now available in the new version 12.0. The latest update brings numerous technical and functional improvements that increase both efficiency and user-friendliness.