Data shines a light on all aspects of your business, so you don’t want it compromised by errors. A tiny mistake could cause you to invest in the wrong marketing strategy or waste money on incorrectly addressed direct mail.
According to Gartner, organizations lose an average of $12.9 million yearly due to poor data quality. IBM also estimates that bad data costs the entire U.S. economy $3 trillion annually.
We know you can’t afford to lose money on avoidable errors. NetSuite’s Data Validation Manager offers custom validation rules that filter out incorrect information. With the proper procedures and software, you can relax knowing your company runs on clean data.
SuiteDynamics partners with NetSuite to customize and implement NetSuite Enterprise Resource Planning (ERP) systems. Our experts will help you acquire new software that ensures validated, reliable information. Read our guide below on data validation managers to discover what the term means and how to create and define validation rules in NetSuite.
You can also schedule a free consultation with our experts to learn more about the system’s data validation capabilities. Our team offers the support you need to experience NetSuite success.
A data validation manager is a feature or tool within a software platform that defines and enforces data validation rules. These rules ensure the system's information is accurate, complete, and consistent.
As risk management expert Sebastian Taylor explains in an article for the Corporate Finance Institute, companies using automated systems must ensure all system data is correct and well-formatted since it enters the system without human supervision.
“The data will be of little use if it is not entered properly and can create bigger downstream reporting issues,” he explains. “Unstructured data, even if entered correctly, will incur related costs for cleaning, transforming, and storage.”
Organizations can minimize errors, maintain data integrity, and boost their overall performance by implementing data validation rules. Experian’s 2022 Global Data Management Report says 75% of surveyed businesses that improved their data quality in the previous year exceeded annual goals. Therefore, it’s a critical system aspect you can’t overlook.
A validation rule is a requirement that data must meet to be considered valid within a system or application. Validation rules are commonly used in database management systems, software applications, and web forms to ensure quality and consistency.
For example, let's say a company has set up its data validation manager to ensure all new vendor information gets added to the system correctly. As the software captures data, it checks the various aspects of that information against its validation rules. The system will notify its users if a vendor’s tax ID is in the wrong format or its address is invalid.
Validation rules can feature various criteria, including:
NetSuite’s Data Validation Manager allows users to create and manage validation rules across various data entry points, including fields in forms, records, and transactions. Data validation is critical to the platform’s core implementation, and SuiteDynamics experts integrate it into the system wherever it makes sense. You can learn more about the process during your free consultation with our team.
Validation rules are critical in maintaining data quality, integrity, and consistency within a system. They help prevent errors, discrepancies, and inaccuracies that could impact business operations and decision-making.
“Businesses must have confidence in the data underpinning their marketing and sales strategies,” writes data and analytics provider Dun & Bradstreet. “With so many sources of information available to management, data quality is essential to reaching conclusions based on sound facts and figures. After all, your business analytics reports are only as good as the data that goes into them.”
NetSuite's Data Validation Manager offers many benefits that streamline processes and improve overall efficiency within the system. Its key advantages include:
NetSuite's Data Validation Manager improves data quality, streamlines workflows, and enhances user experience and compliance assurance within the platform. SuiteDynamics experts can help leverage these benefits and maximize your data value so your leadership has the information it needs to steer your company.
Think of validation rules as guardians against errors and inconsistencies. They help save your database from ruin, so they’ve got to be strong.
Follow these tips for creating clearly defined, helpful validation rules.
SuiteDynamics can help your team define validation rules to ensure only the highest quality data enters your system. You can discuss them during your free consultation.
By following these steps, organizations can ensure their NetSuite ERP system runs on the best possible information and produces the best possible results. Schedule a free consultation with SuiteDynamics experts to learn about NetSuite software and how its data maintenance will help your company succeed.
We know your staff has better things to do than correct data errors and inaccurate reports. SuiteDynamics experts can implement a NetSuite ERP for your company that automatically validates incoming data, so you don’t have to worry about it.
Schedule a free consultation with our team to discuss a NetSuite ERP system and how its automated features can increase your company’s efficiency and accuracy. We know you can rise in your industry, so let us show you how.
We pull information from NetSuite material, SuiteDynamics experts, and other reliable sources to compose our blog posts and educational pieces. We ensure they are as accurate as possible at the time of writing. However, software evolves quickly, and although we work to maintain these posts, some details may fall out of date. Contact SuiteDynamics experts for the latest information on NetSuite ERP systems.
Part of this text was generated using GPT-3, OpenAI’s large-scale language-generation model. After generating the draft language, our team edited, revised, and fact-checked it to ensure readability and accuracy. SuiteDynamics is ultimately responsible for the content of this blog post.