Data audits in crowdfunding (Run Off): securing continuity from the platform's active life
Anticipating run-off management before it becomes necessary
Within the Run Off framework, run-off management is not prepared at the moment a platform shuts down.
It is anticipated from the platform's active phase, notably through the implementation of regular data audits.
The objective is straightforward: ensure that on the day a transition becomes necessary, the data is immediately usable.
Semi-annual audits built into the arrangement
Platforms supported by Run Off carry out data audits on a semi-annual basis.
These audits verify that the essential elements for monitoring operations are properly structured, complete and consistent, including:
- Investor data
- Schedules and repayment histories
- Contracts and associated documents
Each audit is based on standardised files, automatically analysed and checked in detail.
A logic of continuous monitoring and correction
The audit is not limited to a simple data submission.
Each file is checked field by field, line by line, to identify:
- Missing data
- Inconsistencies
- Format errors
A detailed report is then generated, enabling the platform to quickly correct any discrepancies identified.
This approach allows data quality to be progressively improved over time.
A key mechanism in the event of a transition
These audits play a central role in the implementation of run-off management.
They make it possible to:
- Guarantee the transferability of data to the Run Off environment
- Reduce operational risks during a transition
- Ensure that information is directly usable
On the day run-off management is activated, the data has already been tested, validated and structured.
Conclusion
With Run Off, run-off management does not rest solely on a theoretical plan.
It is underpinned by a concrete, time-tested mechanism that secures the continuity of operations well before it becomes necessary.
Data audits are a central component: they transform a regulatory obligation into a genuinely deployable operational process.
