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Retail
Competition for the consumer’s wallet is constantly increasing – not only from local rivals, but from around the world. That makes it more critical than ever that you fine-tune your ability to communicate with your customers on a personal level and efficiently target messages to their needs and preferences. At the same time, government demands on your operations and administration are increasing with new regulations such as Basel II, Sarbanes-Oxley and Do-Not-Call, as well as a variety of new U.S. and international anti-terrorism and anti-money laundering mandates that require you to screen your customers against government-provided suspect and sanctions lists.
Efficiently meeting these new customer service and regulatory demands requires data that is accurate, accessible and up-to-date. Innovative’s end-to-end data integration, data quality management and compliance solutions enable you to consolidate customer data from every application and point of contact to enhance your:
  Customer-Centric Databases/CRM  
 
  Ensure personalized communication and high quality, knowledgeable service every time a customer touches your organization  
 
  Understand your customers’ total association with your organization by identifying customer-to-customer and customer-to-product, as well as customer-to-organization relationships  
Accurately target cross-sell and up-sell promotions to current customers, and new customer solicitations to prospects, based on demographic and purchasing behavior data
 
  Have access to more accurate and timely information to help you identify and respond to changing market demands and trends faster  
 
  View customer relationships across applications, channels and/or subsidiaries to better manage and control credit-related risk  
  Data Quality  
 
  Ensure that all applications and business units have access to accurate and unique customer data by cleansing, standardizing and de-duping your customer records to create consolidated customer profiles that can be shared across the organization  
 
  Manage changes and updates to your consolidated customer profiles to ensure that their accuracy and integrity are maintained every time new data is added to your information systems, regardless of the application or whether it is by manual entry, telephone or the Internet  
Postal Coding
 
  Improve the quality of your customer database and cost-efficiency of your mail communications by verifying and automatically correcting addresses against U.S., Canada and Mexico postal service records  
 
  Reduce the expenses related to mailing catalogs, sales promotions
and other customer communications by qualifying bulk mailings for postage discounts
 
Mergers & Acquisitions/Data Migration
 
  Streamline the integration of new databases due to a merger or acquisition, and minimize the risk of delays or integration failure  
 
  Seamlessly merge purchased databases and demographic information with your existing customer data, minimizing disruption to sales, business, and customer service operations  
Regulatory Compliance
Protect against fines and other penalties by accurately and efficiently screening customers against U.S. and international suspect and sanctions lists, and automatically creating the tracking and audit trails required for due diligence
Provide the accurate customer and enterprise data to help ensure compliance with regulations such as Sarbanes-Oxley, Basel II
and Do-Not-Call
 
     
Other Industries:
Banking | Insurance | Financial Services | Government
Healthcare | Hospitality | Manufacturing | Retail
Telecommunications | Public Utilities
 
 
 
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