Regit is a compliant, simple, integrated, and real-time communication platform that allows individuals and businesses to continuously and securely manage and exchange personal information, enabling clean data. The platform simplifies how individuals and businesses exchange personal information by eliminating the form.
The Problem
Many people don’t realize that on average 26% of business customer records contains errors. If they are not maintained bad data will grow by 24% per year. Therefore this means that in less than 5 years your customer database will be worthless. 66% of this error is caused by human error which can be prevented. Also, it costs you 10 times more to process a dirty record than it is to process a clean record.
For those that have mixed up a client name or got a return call or can’t contact your customers, you have a problem that needs to be solved. Research shows that 97% of businesses suffer from common customer contact errors. Businesses with clean data can increase their profits by 15% on average.
Why do we have dirty data?
The current process of collecting, processing, and maintaining personal information is not helping. Personal information is dynamic and changes over time. Businesses rely on customers to notify them of any changes. However, customers have hundreds of accounts and relationships and therefore are unlikely to notify you of a change in information. Furthermore, the process of making a change such as calling, emailing, or in person is troublesome. Most of these processes are usually manual which means that they are prone to error and are very costly to operate.
How Does Regit Work?
When an individual makes a change to their information on the Regit network, all their trust relationships are automatically notified of the change. Regit is compliant because only pre-specified information is shared and only after the customer has provided their consent.
Businesses create an interaction, selects the required information, and sends the request for information to the individual on the Regit Platform. Then the individual reviews the request and if they give their consent the required information is sent to the business with as little as one click.
How much is it?
Regit gives individuals the control of their own information. The service is 100% free for individuals. Businesses only pay for what they use.
The Regit platform will enable you to always have clean data so you can focus on your product, reduce costs, and be compliant with personal data and privacy requirements. All this for the fraction of what it costs you currently.
