Loreto Data Audit

The first step in dealing with the data degradation that results from years of data migrations is understanding precisely what is in your databases. A unique metadata mining tool, Loreto's data audit opens a window on your plan, and allows you to:

	•	Identify and diagnose specific errors and systemic faults in your data.
	•	Identify the source of those problems, whether it be your company’s IT function, an outsourcer, or a recent data migration.
	•	Cross-check the accuracy and efficiency of those who input, access, and evaluate the data in your database.
	•	Prepare for future acquisitions, divestitures, mergers and process consolidations.
	•	Prepare for other forms of data migration.
	•	Enhance the effectiveness of a merger or acquisition that’s already occurred.
	•	Make it easier to outsource business processes.
	•	Identify patterns in data that can be exploited for increased efficiency and additional profit-making opportunities.

Loreto Historical and Ongoing Data Cleansing

Loreto’s historical data cleansing services help correct existing errors that have propagated over the years as the result of multiple data migrations. And its ongoing data integration and cleansing service allows you to work efficiently with either an in-house plan administrator or outsourcer, ensuring a clean stream of data on a regular basis from one or multiple databases.

Like the data audit, Loreto's historical and ongoing data cleansing helps increase confidence in the integrity of your company's financial data stream on the part of employees, customers, fiduciaries, outsourcers and regulatory bodies. But it doesn't only identify administrative or IT problems or systemic errors; it corrects the errors, and integrates the data effectively to ensure that on an ongoing basis, regardless of how many future data migrations there may be, the errors don't recur.

Loreto Legacy Data Warehouse

Loreto is a pioneer in the creation of customized, highly accessible and transparent legacy data warehouses. These ultra-high-security, platform-neutral data repositories allow companies to view data from many disparate sources and processes on a single site maintained and continually updated by Loreto. The exceptionally easy interface of the Loreto Legacy Data Warehouse allows companies to search for data on the basis of virtually any set of criteria they choose – for example, employees can be called up by first name, last name, Social Security Number, date of birth, date of joining the company, job title, tenure, etc. – and those criteria can be changed readily. In addition, the system can accommodate new data in any format, and that format can be changed at any time. In today’s business world, a company is only as good as its data. Loreto’s Legacy Data Warehouse is an infinitely accessible, infinitely extensible tool that is one of the first such data-management tools that recognizes the critical importance of data to American corporations and the growing need for that data to be accessible in all ways and at all times.