Enterprise
Information
Management
Unlocking your
information’s full potential
Why Manage Information?
The energy sector is now faced with finding and producing energy more
efficiently with less staff and managing a higher cost base, whilst still
having to comply with stringent regulatory requirements. Business needs
to reduce cost, address compliance and improve efficiency. How this is
achieved will depend on the type of industry, nature and culture of each
business. However there are many common themes, for example:
• Financial and results reporting is becoming more stringent - the
flow of information from start (source) to finish (publication) across
business processes has to be reportable, demonstrable and
auditable
• Meeting regulatory requirements for industry regulators and/
or to government organisations – both require
governable processes
• Staff efficiency and productivity – freeing staff to focus on core valueadd activity; supporting knowledge sharing and collaboration
• Cost containment
• Risk management
• Building business potential – business can work faster with better
quality and easily accessible information (accessible, trusted and
shared)
Moreover, there are business costs and risks related to not managing
information, for example:
• Time lost finding information
• Penalties for incorrectly destroying data or mis-reporting information
• Risk of having information discovered for litigation
purposes that should have been destroyed
Venture Information Management Ltd.
Wessex House, Drake Avenue, Staines, Middlesex, TW18 2AP
t +44 (0)1784 224100
f +44 (0)1784 224131
www.venture.co.uk
info@venture.co.uk
Enterprise Information
Management
The Business Problem
How can Venture Help?
Failure to address the multi-faceted issues of Information Management
(IM) has caused severe difficulties for many companies. Data and
information which is inaccurate, untrustworthy, is not accessible, is not
shared or is untimely leads to a lack of knowledge, and results in poor
decision making and increased risk.
Our advisors and practitioners have extensive skills and experience
in the planning and implementation of information and content
management systems. Although we are vendor-independent, our
advisors have detailed knowledge of market-leading ECM/EDRM
systems including Open Text LiveLink, EMC Documentum, TOWER
Software TRIM Context and Microsoft SharePoint.
In conversation with businesses Venture frequently come across the
following issues around managing information:
• The value of information is not clearly understood
• A lack of standardization of applications, tools and data
• A lack of processes for handling and managing information
• Poor collaboration between the business and IT
• Poor information quality or information of unknown provenance.
Venture is expert at helping companies keep up with
the changing demands of managing information
from developing the business case through to the
implementation of IM systems and the cleansing,
integrating, analysing and management of
business data. Implementation is supported by the
development of policy, procedure and governance.
• Information architecture does not meet requirements
• A lack of integration across multiple systems, databases and
applications
• A lack of integration across multiple systems, databases and
applications
The Benefits
Our clients have obtained many benefits by addressing these
issues, including:
• By managing the flow of content through an organization IM
can ensure delivery of trustworthy information to the right
person at the right time
• Information Lifecycle Management delivers complete control
of an items “state” and can support any litigation exercises
• Implementation of a retention schedule and business
classification scheme addresses the issues of regulatory,
legislation,
commercial and operational compliance
• Knowledge sharing and collaboration functionality can be
dynamically linked to IM repositories and workflow.
• Through links to other business applications e.g. SAP,
Oracle and Microsoft, IM systems can enhance these
investments.
To find out more about enterprise
information management contact
Venture on +44 (0) 1784 224100 or send us
an email: info@venture.co.uk
Venture Information Management Ltd.
Wessex House, Drake Avenue, Staines, Middlesex, TW18 2AP
t +44 (0)1784 224100
f +44 (0)1784 224131
www.venture.co.uk
info@venture.co.uk