The simple synopsis.

After a decade of sustained growth — largely through acquisition — this large and still growing savings and loan association needed an improved system for integrating data. They did not have a reliable system for the production of accurate, reliable, auditable data to support regulatory (SOX, GLBA and Basel II) review. And shareholder communication regarding financial stability and profitability was questionable.

Overall, their poor data management negatively impacted speed of delivery, quality, cost and risk — resulting in a loss of competitive edge.

Meridian, after assessing the situation, develop a three-tiered approach to alleviate the data-management and data-quality issues. This included designing a single hub for enterprise data capture/data governance; implementing a single view of the enterprise; and the sunset of old EDW/data archival and disposal.

The benefit realization?

The resulting new system provided several direct benefits. The new Data Management Program, among other things, reduced infrastructure complexity, improved data quality, improved cost and delivery efficiencies. And it indirectly provided enhanced revenue opportunities by providing better consumer insights that positively impacted analysis of marketing efforts.