In Q3, the BaseCap team worked tirelessly to deploy a couple of big features on the Data Quality Manager as well as a batch of smaller improvements to the UI. We have also integrated Doc to Data (an automated document review solution) for our clients and added a new member to our team! Meanwhile, we began an engagement to help a client bank prepare for and adjust to CECL requirements.
New Platform Features
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Cross Table Checks – makes it possible to compare data sets for validation and issues identification. There are essentially 2 types of use cases. (Read more about Cross Table Checks)
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For example, a user can apply the “DoesExist” rule to validate zip codes, country codes, etc.
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Another example, a user can validate whether the dates in a data set are overdue based on another data set containing the deadlines.
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Another example, user can also validate whether an application has the correct customer information based on an internal customer information file.
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Entity (Fuzzy) Matching – makes it easy for users to eliminate duplicates and recognize variations of the same data as being equivalent. (Read more about Entity Matching)
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Smarter Issues Management – streamlines collaborative approach to catching and correcting data issues, by providing the following: (Read more about Smarter Issues Management)
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Clear summaries and groupings of issues, owners, status etc.
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Ability to document resolution steps
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More targeted email notifications
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Other improvements – various UI improvements to search, failure details on platform and in csv export, etc.
Data Quality Manager Deployment
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Deployed Doc to Data for clients
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This deployment involved training “Form Recognizer” to extract data from set of PDF documents into csv and running the data sets through BaseCap’s Data Quality Manager.
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With this implementation, clients can now automate document review and data quality control process for sources in PDF and other graphical formats.
Addition to our Development/Engineering Team
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Ryan Rauch joins our team as a Backend Engineer (Read more in the New Employee Announcement)
New Client Engagement
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To Enhance CECL Credit Impairment Reporting and Modeling Process – The scope of this engagement includes at least the following:
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Creating outline of process workflows and creating procedures
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Assisting in execution/calculation of credit impairment models
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Training staff on processes for external and internal reporting
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Identify opportunities for process enhancements e.g. automation
To find out how BaseCap can help you address your data quality issues or help manage your data initiatives, contact our team today!
