Data Foundations Advises Insurance Firms How To Form A Holistic Enterprise Information Management Framework To Derive Greater Business Value

HACKENSACK, N.J., April 14 /PRNewswire/ -- Data Foundations, Inc., a leading provider of multidomain, enterprise Master Data Management (MDM) solutions, today announced the availability of a new webinar titled "Enterprise Information Management Strategy for the Insurance Industry."  In this event, participants will learn how to create a strategic framework that combines master data, reference data, business metadata and ACORD components for seamless data integration.  The webinar will also feature an overview of the Netrics Matching Engine by Data Foundations' technology partner Netrics - a provider of best-in-class data quality solutions.  To register, visit http://bit.ly/EIMWebinar.

As a highly competitive, regulated and data intensive industry, Insurance firms face a number of unique and complex data challenges.  With regulatory changes, cost pressures, complex system landscapes, and a pressing need for data interchange, these firms continually find themselves struggling to maximize their information management assets.  Equally important is the need for insurance carriers to fully understand the complex hierarchies and affiliations among customers, products, agents, brokers and carriers in order to perform better business processes and reduce risk.  

The complimentary webinar will be held on April 21, 2010 from 11:00 AM - 11:45 AM Eastern.  During this 45-minute webinar, Data Foundations and Netrics will discuss:

• How to create and manage a business metadata layer
• The definition, stewardship and governance of key business code sets, hierarchies and master data
• Strategies for integrating internal data with external data standards such as ACORD
• Implementing effective change management strategies

To register for the event or to pre-register to receive the archived webinar playback please visit http://bit.ly/EIMWebinar.  

About Data Foundations, Inc.

Data Foundations provides innovative software products that enable organizations to better manage and gain greater value from their shared enterprise data such as customer, product, employee and supplier.  By developing a strategic foundational layer of accurate, consistent and shareable corporate information, companies can improve their enterprise business processes that directly impact profits and customer satisfaction.  Data Foundations' Master Data Management product, OneData MDM, was recently ranked highest in an MDM Vendors Ranking Report conducted by a leading analyst firm.  Used worldwide by customers for customer and counterparty data integration, product data cleansing and harmonization, reference data management (analytical MDM) and metadata management, OneData customers include Avon Products, Cargill, Chubb, General Electric, Novartis, Pepsico, WellPoint and numerous federal government agencies.  Headquartered in Hackensack NJ, Data Foundations has offices in The Netherlands and in India.  For more information, please visit datafoundations.com or call (201) 489-5600.

Data Foundations and OneData are trademarks of Data Foundations, Inc.  The names of actual companies or products mentioned herein may be the trademarks of their respective owners.

SOURCE Data Foundations, Inc.