Inaccurate address records threaten your company's success
As the nights grow longer and darkness descends earlier, a frightening threat lurks for many businesses - poor customer address data. Inaccurate information haunts databases, leading to failed deliveries, lost revenue, and compliance nightmares. This Halloween, take steps to cleanse your data before they come back to haunt you.
Undeliverable packages and mail are a headache for everyone, but for businesses, poor address quality leads to additional costs and lost revenue. Each undeliverable shipment incurs fees for corrections and redeliveries. Plus, almost one-third of customers will abandon retailers who make too many mistakes.
The High Cost of Dirty Data
Unclean address records burden companies in three key areas:
Duplicate Data Entry
Staff waste countless hours manually fixing errors and re-entering data across systems. When addresses are formatted inconsistently, employees must continually clean up disparities across channels. This redundant effort drags down productivity.
Waster Shipping Costs
Shipping efficiency is one of the most critical parts of business operations and logistics. Getting purchases and products into customers' hands quickly and cost-effectively is imperative in today's marketplace.
In order to optimise shipping, address data plays a pivotal role. Accurate addresses keep packages routing properly through carriers, sortation facilities, and delivery routes. Inaccurate addresses guarantee delivery failures and extra fees. Carriers charge for redelivery attempts, and these costs quickly eat into margins.
Decreased Customer Satisfaction
Packages that encounter problems take longer to arrive, meaning customers wait longer for their orders. Almost one-third of shoppers will abandon retailers after just one or two errors. Today's consumers have high expectations, they want seamless service and will quickly take their business elsewhere when problems occur.
Make Address Hygiene a Priority
Organisations that wait until dirty data creates visible issues are already losing money.
The good news is that with the right tools and strategy, there are steps you can take to improve the accuracy of your address data. By investing in a robust data management system and implementing cleansing and validation processes, you can proactively ensure your address information is clean.
Treat your business to a clean address database and Request a free sample report with Ideal Postcodes Address Cleansing.With clean data, your company will be ready for future success.