SOURCE: Firstlogic, Inc.

October 17, 2005 11:02 ET

Enterprise Compliance Expert Authors Firstlogic White Paper Highlighting Importance of Data Quality in Regulatory Compliance Initiatives

New Resource Debuts in Upcoming iSummit Webinar, "Enterprise Compliance -- Do You Trust Your Data Enough to Tell It to a Judge?"

LA CROSSE, WI and CHESHIRE, UK -- (MARKET WIRE) -- October 17, 2005 -- Firstlogic, Inc., a global provider of enterprise data quality solutions, and Intelligent Business Strategies Limited, a leading UK business intelligence and enterprise business integration consulting and research firm, will next week debut an informative white paper to explain the important role of data quality in compliance initiatives. The findings of the white paper, "Enterprise Compliance -- Do You Trust Your Data Enough to Tell It to a Judge?" will be highlighted by the author, Mike Ferguson, lead analyst and managing director of Intelligent Business Strategies, in an informational webinar Tuesday, Oct. 18, 10:30 a.m. CDT (16:30 GMT) as part of Firstlogic's iSummit online educational series.

The white paper will be available to webinar attendees immediately following the iSummit presentation. It will later be available for download at http://www.firstlogic.com and distributed at Firstlogic's exhibit booth, #501, at the TDWI World Conference later this month. Register for Tuesday's webinar at http://www.firstlogic.com/isummit/

Compliance is a priority for public and private organizations around the world with the risk of non-compliance being severe reprimands from government agencies, regulatory commissions and customers. Compliance initiatives such as Sarbanes-Oxley, Basel II, IFRS, and the Patriot Act require company executives to ensure the data driving compliance reporting is secure, correct, complete and trusted. Employing enterprise-wide data quality practices is an important step toward meeting compliance requirements and validating information used for compliance filings.

"Most of the compliance initiatives rely on one thing -- data. My experience has shown that institutions are inadvertently playing 'compliance roulette' -- assuming their data is accurate or at least accurate enough to pass muster," said Ferguson. "The investment in data quality technology to drive best practices in data assessment and cleansing is so important to the reputation of any organization -- large or small, public or private. The cost of not ensuring data quality in compliance can be anywhere from bad publicity and de-listing of the company to heavy financial penalties or criminal prosecution."

"Retrofitting established business practices to comply with Sarbanes-Oxley, Basel II, or any number of regulatory requirements oftentimes creates complex, manual tasks for organizations," noted Chris Colbert, moderator of Tuesday's online seminar and market development director for Firstlogic. "This Web event and white paper highlight how implementing data quality practices -- profiling, cleansing, matching and consolidating business data -- on an enterprise basis can provide a solid foundation for compliance initiatives, make them more successful, and easier to accomplish."

About Mike Ferguson and Intelligent Business Strategies, Ltd.

Mike Ferguson has provided consulting on compliance issues for business intelligence and enterprise application projects from consultation with dozens of companies across Europe and North America. In addition to his published research, he has spoken at events around the globe and teaches popular master classes in data warehousing, business intelligence, operational performance management, enterprise architecture and integration, and customer relationship management (CRM). For more information, visit the Intelligent Business Strategies Web site at www.intelligentbusiness.biz

About Firstlogic

Firstlogic specializes in enterprise-wide data quality and analysis solutions for e-business, data warehousing, and print and mail applications. Founded in 1984, Firstlogic today serves more than 6,000 customers, including Fortune 1000 companies and leaders in government, finance, insurance, healthcare, manufacturing, direct marketing, and telecommunications. In addition to developing commercial solutions, Firstlogic partners with many systems integrators, consultants, and original equipment manufacturers to provide its unique technology to their end-user customers Founded in 1984 Firstlogic provides advanced software systems as well as a proven methodology and strategic consulting services to help start, enhance, and continually monitor data quality initiatives. For more information, visit www.firstlogic.com.

Contact Information

  • For Firstlogic, Inc.:
    Scott Humphrey
    Humphrey Strategic Communications
    (503) 644-9709
    Email Contact

    Penny Gralewski
    Firstlogic, Inc.
    (608) 782-5000 x1368
    Email Contact