article thumbnail

EDI Security in Finance and Mortgage: Protecting Sensitive Data in Electronic Exchange

Astera

Security Audits: Ensure regular security audits to identify vulnerabilities, assess the effectiveness of security controls, and ensure compliance with security standards. It automates tasks such as mortgage application submission, document verification, and loan underwriting, enabling faster turnaround times.

Finance 52
article thumbnail

The Power of Automated Invoice Scanning 

Astera

In a nutshell, these softwares evaluate invoices for certain pre-defined criteria and extracts the necessary data automatically. Many softwares use Optical Character Recognition (OCR) techniques to recognize the text from the document, combined with natural language processing algorithms to extract key pieces of data from the invoice.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Guide to Building Better Data Products

Juice Analytics

Ask yourself: Is IT on board to provide development support, data access and data security resources and sign-off? Is your legal team confident that the data you’ve been collecting and incorporating into your data product is available for this new purpose? Reporting — To track usage of the data product.

article thumbnail

What Is Data Governance and Why It Matters?

Astera

Establishing guidelines for accessing and using data ensures it is utilized appropriately and ethically. Is the data accurate and reliable? Implementing measures to maintain data integrity ensures that the data is accurate, consistent, and trustworthy. Is the data secure?

article thumbnail

How to Build a Data Governance Strategy for Your Organization

Astera

IDC predicts that by 2025, the worldwide volume of data is expected to expand by 163 zettabytes, covering information across physical systems, devices, and clouds. Processing and managing such a large amount of data requires an effective data governance strategy. It is needed to navigate the complexities of data systems.

article thumbnail

Enterprise Data Management: Strategy, Benefits, Best Practices

Astera

Functioning as a data dictionary, metadata management defines the structure and meaning of your data assets. It also facilitates effective data discovery and knowledge sharing within the organization. Modernizing legacy systems EDM requires that there’s a clear understanding of data origin and transformations.

article thumbnail

What Is Data Management and Why Is It Important?

Astera

Improved Data Security The repercussions of data loss and cyber threats keep organizations on their toes. This is where data management plays a vital role in protecting sensitive information. These checks will help identify duplicate values, missing fields, null values, and the overall integrity of data.