It carries legal, regulatory, reputational and financial risk.
It delivers unreliable reports on which business decisions are made.
It undermines IT project success.
It frustrates your staff and thwarts efficiency and innovation.
It leads to costly workarounds in order to deliver the information your business needs to succeed.
"The success of the first initiative, which saved hundreds of thousands of dollars, led to other initiatives being implemented by Intraversed."
Geetha Velummylum, Head of Regulatory Affairs - Global
"The Intraversed team have an expansive understanding of the way language impacts key business performance, which guides their Intralign methodology and passion in the work they do "
QBE (ANZO)
Nonna Milmeister, Head of Data Strategy & Governance
"Intraversed have provided their information management products and services to me for several years. They have always established cost effective and appropriate solutions and helped ensure the governance, quality and integrity of our information."
Geetha Velummylum, Head of Regulatory Affairs - Global
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Well defined business terms will ensure your team always understand what you want and how to give it to you. And when you have what you need to really know what’s happening in your business, you’ll make better business decisions.
That’s business assurance.
Poor, or non-existent, business term definition is a major factor in undermining business assurance, and in our experience, it’s the primary cause of reporting issues.
As businesses grow, the likelihood that common business terms will develop different meanings within the different functional areas of the enterprise rises significantly. Eventually, this can lead to fundamental communication issues, confusion and misunderstanding, which leads to poor quality reporting and even an inability to report on certain metrics at all.
While developing definitions for business terms is vital to clear communication, reporting and business assurance across your organisation, it can also be hard.
Intraversed offer education and workshop packages to help your definition writing team understand what makes an effective definition and gives them tools to clarify and simplify their definition writing, making definitions quicker to write and more successful.
Find out more about our definition writing education here or contact us for more information
Your company generates and collects a lot of data. But on its own, data is largely meaningless.
When your staff take that data, analyse it, combine it and generate reports using it, they’ve created what we call business information.
Business information is what you use to make business decisions. If it isn’t well created, stored, understood, protected and governed, you can't make decisions well. That's a business assurance issue.
Business information management encompasses all these elements, and when done well, it ensures the information you receive is information you can rely on. That’s business assurance.
Intraversed offer education, software and consultancy to help your team develop best practice business information management, uniquely tailored to your environment and your business information.
Find out more about our business information management education, software and consultancy
Your company generates and collects a lot of data. But on its own, data is largely meaningless.
When your staff take that data, analyse it, combine it and generate reports using it, they’ve created what we call business information.
Business information issues can arise when that business information is misunderstood, misused, uses business terms incorrectly, becomes obsolete or gets super ceded without being deleted. Worse, these kinds of issues can go undetected for a long time and that is a business assurance issue.
Business information issues management allows your team to quickly and easily identify, raise and resolve these issues using a clear system of assigning accountability for that resolution. This means issues get raised and resolved more effectively and efficiently. That’s business assurance.
Intraversed offer education, software and consultancy to help your team develop best practice business information issues management, uniquely tailored to your environment and your business information.
Find out more about our business information management education, software and consultancy