You need to store all your corporate data in one central place to ensure accuracy and consistency.
It is important that your relevant data is quickly and easily captured for users across your organisation.
Data does not remain static. Your data needs to be visible to the right stakeholders whilst you retain control.
You need to assign responsibility for the upkeep of specific data to establish accountability.
To remain compliant you must provide ongoing evidence in the form of an audit trail to the regulatory authorities.
You must ensure any compliance system is integrated with all related departments and their own systems with minimal disruption.
To allow the relevant departments direct access to the data they require, it needs to be a centralised, single source of data.
You need to be confident that your data is always completely secure with the latest security measures.