What is facts management?

[Lilly]

I keep hearing the term “facts management” in accounting and operations. How do companies actually use facts management to improve decision-making?

 

[Selina]

Facts management is all about gathering, checking, sorting, and keeping track of the information that is correct, so it can be trusted for making decisions, reporting, or communicating. It revolves around having accurate facts, keeping them fresh, and making them convenient, which in turn leads to a decrease in mistakes, misinformation, and misunderstanding in personal, business, or research scenarios.

 

[Darcey]

Facts management is the process of collecting, organizing, verifying, and maintaining accurate information so it can be easily accessed and used for decision-making. It ensures data consistency, reliability, and relevance across systems, helping organizations analyze information effectively, reduce errors, and support strategic planning and operational efficiency.

 

[Stacy]

Facts management is the process of collecting, verifying, updating, and maintaining accurate business information such as name, address, contact details, and hours across digital platforms to ensure consistency, credibility, better local SEO rankings, and improved customer trust online.