Many organizations view VT17 primarily as a technical change. A new standard to which systems must be adapted.
However, VT17 represents a broader development that has been visible within the valuation sector for some time.
More than a technical change
The sector is increasingly moving towards standardization, higher data quality, greater transparency, and more intensive digital collaboration between parties.
This offers opportunities. Not only to exchange data more efficiently, but also to design processes smarter and more consistently.
Technology and processes
Implementing a new standard is therefore not just a software issue. The underlying work processes also play an important role.
When data is recorded in a uniform manner and processes align well, the risk of errors decreases and valuations proceed more efficiently.
Ready for the future
Organizations that invest in a streamlined working method today lay the foundation for the future. They benefit from shorter lead times, fewer corrections, and smoother collaboration with clients and supply chain partners. At KATE, we therefore view VT17 not as an endpoint, but as a next step in the further digitalization of the valuation process.