Reconciliation is very much needed if your records "never quite match up" or "aren't reliable" (in which case cleansing is also an issue). It's a common problem when you have several small records. There is no point performing analysis & reporting or marketing/ sales initiatives, unless you know your data is in order.

Reconciliation involves:

	Ensuring data is correct for calculations
	Reconciling income/ outgoings statements & invoices
	Assessing and amending incorrect data
	Ordering/ accounts monitoring

Outsourcing such work can bring dandy savings (50% cost reduction is common). It also frees up valuable staff for more interesting and profitable tasks.

Groupdata is our group data service. Incomplete or inaccurate group data means you're probably losing renewal commission (see Reconcile) and you certainly can't effectively generate new business from it.
Groupdata is Cressanda’s modular outsourced service to deliver the data correctly:

Groupdata is Cressanda’s modular outsourced service to deliver the data correctly:

	collection & transfer
	cleansing
	reconciliation
	consolidation
	analysis & reporting
	processing

All types of group schemes are covered. Off shoring this work means that for a reasonable cost your data is ready to generate new business.

Assuming:

	Average income per new client case = £250
	Cost of data work = £1.00 per client (number of clients irrelevant)

An increase of 0.4% of new client cases in the first year will 'self fund' the cost of the data work.

	1,000 clients @ £1.00 per head = £1,000 for data work. 4 new cases in the first
	year (0.4%) will generate £1,000.

This is linear, so changing any variable gives perspective:

	@ £250 per new case, if cost of data work = £4.00 per client, 1.6% of new, extra
	cases will make it self funding - 16 new cases in year 1
	@ £500 per new case, cost of data work = £4.00 per client, 0.8% of new, extra
	cases will self fund in year 1 - 8 new cases