The “MDM” (Materiality Decision Matrix) has been implemented as a result of a need identified by SACRRA members that alerts need to be generated where issues or problems with members’ file submissions or files could potentially have a material impact on decisions or application of payment profile data.
The alerts will identify the issue or problem with the file, the sector or industry of the member, the number of records involved as well as the time lines involved to rectify the issue. This will allow individual members to evaluate the extent of the issue and in need implement any mitigating remedies.
In the past, many instances of file replacements, high percentage rejections and to an extent the non-submission of files have gone unnoticed to members.
The intention of the MDM is to ensure a level of transparency among all data contributing members to ensure all SLAs are met and importantly that the data quality of files does not compromise the SACRRA dataset or the decisions or application of the data by our members. The alerts are not to be viewed as a “witch hunt” of non-compliant members but rather a tool to identify and correct issues identified with files and data quality that may have potential impact on all members. Importantly the MDM has been implemented for SACRRA members to have an early warning tool that where any issue identified does indeed have a material impact that necessary steps to mitigate or minimise the risk can be implemented.
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