How System of Records can Help in Reduce Claim Disputes

How System of Records can Help in Reduce Claim Disputes | LoadProof

A system of record is a very important information repository that not only stores a specific information in a well-organized manner that is easy to retrieve and share by any authorized personnel of the organization but also serves as an authoritative source of fact.

Our actions and decisions are only as good as the data we use to act upon them. That being true, when designing complicated systems, the integrity of the data set involved becomes enormously important. Obviously, the data that resides in a system should be accurate. However, it also needs to have integrity, which means consistent and not unnecessarily redundant.

A good data set is invaluable. Done well, it puts all of the data elements in one place, making it easy to share, analyze, extrapolate, and use. Which system owns the data is potentially even more important. If you want to fundamentally alter the data based on business rule or a business logic, then it should be done in the system that owns the data, so it’s critical to track the lifecycle of the data entity and to refer users to the primary system for specific data.

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