September 27, 2024

How STH Pioneered Data Cleaning for Asset Finance

For leasing companies and asset finance firms, data quality is the potential for increasing efficiency. Inaccurate or incomplete data can lead to costly errors, inefficiencies, and poor decision-making, ultimately impacting your bottom line. STH 's Asset Data Cleaning Services are the solution — built to transform data into a reliable asset, empowering businesses to thrive in today’s demanding regulatory and financial environments.

The Turning Point: The CO2 Emissions Data Dilemma

A few years ago, with the introduction of stricter CO2 emission regulations, we at STH recognized a critical gap in the industry: the absence of reliable CO2 emission data for non-automotive assets. While cars had established emission calculation systems, sectors like construction, industrial machinery, and equipment lagged behind.

Our journey began with an ambitious goal — to develop our CO2 EmissionBase, a reliable source of emissions data for these overlooked assets. However, during the development process, we faced a challenge that was even more pressing than finding CO2 values: identifying the assets themselves. This issue wasn’t just ours; it was widespread across the leasing and finance industries.

The Challenge: Inconsistent and Fragmented Asset Data

The further we dug into asset data, the more we realized how fragmented and inconsistent it is. Many companies and stakeholders are unaware of the true state of their data quality. Often, it is just one specific person or a small team who truly understands the system's complexities, keeping it afloat by tackling everyday challenges. Asset finance companies are dealing with incomplete information, leading to operational delays, flawed reporting, and inaccurate pricing. The real problem was clear — poor asset data isn’t just hindering CO2 compliance; it is affecting every facet of the business.

We realized that companies needed more than just emissions data. They needed a comprehensive solution that addressed the root of the issue: poor data management and asset identification. This revelation became the cornerstone of our mission.

Our Solution: Redefining Data Cleaning and Asset Identification

To solve this industry-wide challenge, we went beyond emissions data. We developed Premier Asset Data Cleaning Services, a comprehensive approach that cleanses, standardizes, and enriches asset data to help companies regain control of their data processes.

Our solution is about more than fixing data problems — it’s about empowering businesses to make smarter, faster decisions. With accurate asset data, leasing companies can not only meet regulatory demands but also optimize their internal processes, enhance remarketing strategies, streamline approval workflows, and improve overall business efficiency.

The Impact: Unlocking Strategic Advantages for Your Business

STH’s Asset Data Cleaning Services go beyond compliance — they provide a strategic advantage. By transforming your data into a reliable asset, we enable businesses to confidently report on CO2 emissions, improve pricing accuracy, and unlock new revenue opportunities. With our service, you gain more than clean data — you gain the insights and clarity needed to make better decisions and drive your business forward.

Looking ahead, we are committed to continuous innovation in data management solutions for the asset finance industry. We invite you to join us on this journey toward data excellence. Together, we can tackle the challenges of today and anticipate the opportunities of tomorrow, ensuring your business stays ahead in a rapidly evolving market.

At STH, we believe that data should be an asset, not a liability. Let us help you unlock the full potential of your data. Contact us today at petr@sth-consulting.eu to schedule a free data audit and discover how we can transform your asset data.

Petr Thiel
Petr Thiel

CEO, STH Consulting

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