Alacra Concordance tracks basic legal entity attributes and provides entity identifier mapping for customer’s entities that are outside of the Alacra Authority File criteria. Alacra is currently tracking over 400,000 entities on behalf of its Concordance customers. Alacra Concordance involves the cleansing and de-duping of a customer’s set of entities using Alacra’s proprietary software, plus research and validation of new entities by Alacra’s global research team. These entities are then mapped and monitored by Alacra on the customer’s behalf.
Alacra ingests data sources/feeds from publishers and aligns the data. This involves finding which data and attributes are common to both (or more) sources and which entities and attributes are unique to each source. Alacra then masters the data, which means we send the client a file that includes different attributes from different sources based on a set of rules defined by the client. This results in the client’s golden record for each entity. The mastered entities can also be mapped to other entity identifiers in the Alacra data warehouse.