Single Source of Truth (SSOT)
SimplifyIT creates a single source of truth for your financial institution - so staff never have to wonder if they're looking at the right version.
One Source. Always Up to Date.
Conflicting versions of policies, forms, and procedures can lead to regulatory trouble and internal confusion. SimplifyIT eliminates that risk by centralizing all internal content in one secure, searchable location - with tools that actively prevent outdated files from being used.
Curious how this concept plays out day-to-day? Read our quick overview for banks and credit unions.
How We Enforce SSOT
- Version History: Track every edit, who made it, and when.
- Permissions: Limit access to draft or outdated documents by department, role, or user group.
- Search: Surface only the most recent approved version - with optional AI assistance.
- Policy Review Cycles: Automatically archive or alert on documents that haven't been reviewed.
- Policy Acknowledgment: Tie staff sign-offs to specific versions so there's no confusion during an audit.
Why It Matters
From compliance exams to internal decision-making, a single source of truth improves efficiency and reduces risk. SimplifyIT makes it effortless by building SSOT into the way your intranet functions - not as an extra layer, but as the default.
Want to dig deeper into why SSOT matters? Read the full breakdown here.
