Nationwide's FOCUS program succeeded in achieving the IT and business goals of managing data assets and through the use of MDM had a marked impact on enabling improvement to corporate agility, insight and cost reductions.
BURLINGTON, Mass. (PRWEB) October 25, 2007
Nationwide embarked on a corporate-wide project - dubbed "FOCUS" - designed to consolidate disparate data under one platform to increase agility and corporate insight, while decreasing IT costs and improving regulatory compliance. Critical to this initiative was the development of a data governance organization and implementation of a Kalido-based master data management solution.
"Our FOCUS program has standardized the way our finance and accounting community make decisions and has moved Nationwide to a centralized demand model," said Lance Dacre, director of data governance at Nationwide. "Through our financial master data management solution, business managers and executives have the accurate and consistent data they need to make informed and effective business decisions."
Award finalists, chosen by an expert Ventana research team, were scored based on alignment of people, process, information, technology and business impact and overall best practices. Winners were announced earlier this week at Connections 2007, Ventana Research's Conference for Operational and Customer Performance Management, held in San Francisco.
"Nationwide stood out among the group of exceptional nominees as a company that epitomizes the leadership and adoption of the best practices in winning the 2007 Ventana Research Information Management Leadership Award which is a necessity for improving financial and operational performance," said Mark Smith, CEO and EVP Research, Ventana Research. "Nationwide's FOCUS program succeeded in achieving the IT and business goals of managing data assets and through the use of MDM had a marked impact on enabling improvement to corporate agility, insight and cost reductions."
"With strict governance policies and changing industry regulations, companies struggle to maintain the accurate and up-to-date information needed to make and act on sound business decisions," said Bill Hewitt, president and CEO of Kalido. "Nationwide met that challenge and succeeded in delivering and maintaining an enterprise-wide solution that has had significant tangible benefits for the business."
Nationwide, based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the world, with more than $160 billion in assets. Nationwide ranks #104 on the Fortune 500 list. The company provides a full range of insurance and financial services, including auto, motorcycle, boat, homeowners, life, farm, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions, long-term savings plans and health and productivity services. For more information, visit http://www.nationwide.com.
Kalido delivers active information management for business. With Kalido's unique business model-driven technology, decisions are fueled by accurate, accessible and consistent information, delivered in real time, to dramatically improve corporate performance. Kalido software can be deployed at a fraction of the time and cost of traditional information management methods.
Kalido software is installed at over 250 locations in more than 100 countries with market leading companies. Headquartered in Burlington, Massachusetts, Kalido is backed by Atlas Venture, Balderton Capital and Matrix Partners. More information about Kalido can be found at: http://www.kalido.com.
About Ventana Research
Ventana Research is the leading research and advisory services firm focused on the intersection of people, processes, information and technology to enable breakthrough performance. By providing expert insight and detailed guidance, Ventana Research helps clients operate their companies more efficiently and effectively. To learn how Ventana Research Performance Management workshops, assessments and advisory services can impact your bottom line, visit http://www.ventanaresearch.com.