Build Success On a Foundation of Quality Data
Drive better business outcomes by optimizing the engine that powers customer intelligence – your data.
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Get the Most Out of Your Data
To accelerate business performance, you need a versatile, scalable and reliable approach to data
quality and management. By offering uniquely differentiated data sets — paired with proprietary,
patented linking and data engineering technologies — LexisNexis® Risk Solutions can help you
transform your data program to capture timely, connected customer insights.
Acquire a Single, Holistic Viewof Your Customer
Enrich your prospect and customer data to improve the experience of current customers and identify the best potential applicants
Mitigate Data Decay
Enhance data hygiene and fill in gaps with regularly refreshed data to help optimize performance across your enterprise
Overcome Data Silos andMonitor for Customer Changes
Reduce risk, prevent delays and ensure compliance with improved customer data management
Poor data quality costs organizations $12.9 million annually.1 Changing
regulatory requirements, inconsistent data collection policies and a lack of
resources can compound the problem.
However, companies that nurture and regularly refresh their data could gain an advantage in a
competitive marketplace by discovering reliable, game-changing insights that enhance marketing,
risk decisioning, portfolio management, default prevention and collections strategies.
To achieve their operational goals, businesses need to be able to quickly and accurately improve data
hygiene and enrich their data sets with insights from external resources.
Gain a competitive edge with our patented LexID® linking technology thatconnects insights across our industry-leading data ecosystem with 99.99%precision in identity resolution for advanced data management.
Data can help you make confident decisions and move your business forward
Improve Data Hygiene
A clearer view of your customers can improve your ability to meet their needs. Cleanse and deduplicate your data, ensure accurate identity resolution, distinguish between consumer and business records and standardize disparate data formats. Connect records from databases across your enterprise to ensure your data is working for you.
Keep Your Data Current
Monitoring for changing data can be difficult and time consuming. Achieve meaningful business outcomes and enhance customer loyalty by easily uncovering new, refreshed insights about your prospects and customers. Get automated alerts and insights to help you stay abreast of changes and data refreshes, so you can make sure you have the right data — at the right time. Fine tune marketing segments, predict customer needs, customize default prevention and increase debt recovery efficiency.
Data Quality Management Solutions for a Range of Purposes
Consumer Data Quality Management
Increase your operational efficiency by refreshing and expanding it to reveal new predictive insights that can better support your business outcomes.
Small Business Data Quality Management
Keep up with the constant changes in the small business world by cleansing and linking data at every step of the customer journey. Get the insights you need to remain competitive.
Data Applications Across the Scope of Your Operation
Operations
Maximize resources and reduce waste
by eliminating inaccurate, outdated
or duplicative data
Marketing
Capitalize on valuable opportunities
with holistic customer profiles
and demographics
Compliance
Lower your risk of non-compliance
by keeping your data clean and
packed with actionable insights
Portfolio Management
Identify opportunities for growth among
your current customers, while
mitigating risk
Fraud & Identity
Better protect customer identities and
accounts by improving entity resolution
Collections
Maximize your collections ROI
by maintaining clean and current data
and closely monitoring for changes
Gain Unparalleled Insights Drawn From a Market-leading Data Ecosystem
Build your data strategy on our foundation of high-quality data, patented linking capabilities and
advanced data management frameworks.
We draw on a broad range of public and proprietary insights, including the LexisNexis® Risk Intelligence
Network, strategic data providers and differentiated alternative data sets — developing unsurpassed
intelligence that helps our clients refine, validate and enhance their internal data. This enables more
holistic, up-to-date views of customers and prospects at each point in the customer journey.
Drive your data program forward by leveraging our industry-leading approach to improving data quality.
Your ability to develop customized solutions for yourcustomers depends on high-quality data.
Frequently Asked Questions
Data that is not accurate, complete, relevant, timely, consistent and unique can lead to wasted resources, duplication of efforts and in some cases, compliance violations.
Bad data can come from human error (data entry mistakes, inconsistent practices and bias), technological issues (system integration, data validation and outdated tools), process failures (lack of data governance and maintenance, poor communication) or external factors (incomplete source data, fraud and unexpected changes and events).
Without accurate and current data, adhering to regulatory requirements and KYC, KYB or AML protocols can be difficult. Organizations can be found liable.
For CRM purposes, data decays at a rate of 40% per year , due in large part to frequent address and job changes.
It’s time to drive your data program forward and improve
business outcomes across your organization.
Contact Us Today to Learn More
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