Fonecta’s business is data. When EU introduced GDPR regulations, it forced Fonecta to make sure they meet all the regulation criterias. To do that, Fonecta hired two of Coredo’s most senior Management Consultants to an almost impossible task of getting the company ready to meet the regulation criteria by the deadline. It was a success.
When GDPR regulations want to be met for real, it is not enough to have legal document in place. It requires a full understanding of processes, data flows, and risk mitigation plans. To meet these requirements, a regular process consultant wasn’t enough, instead, Fonecta needed the most senior Management Consultants from Coredo who each had 20+ years of experience within the IT industry and experience ranging from hands on software development to leading the Europe’s most successful IPO during year 2000.
Coredo took on the task, set up a dedicated war room at client’s office and committed to meet the goal. During the project, we evaluated the existing contracts, clarified roles and responsibilities with Fonecta’s vendors, analyzed all data flow points and draw a architectural understanding of how Fonecta collects and uses data. Since the company has over 30 000 customers, have implemented over 70 000 ad campaigns and have designed over 25 000 websites, this task was not simple, yet, it was successfully completed.
As a result of the project, Fonecta was ready to meet the regulation requirements on time and knew exactly how to operate their business with the new responsibilities. As a side effect, we helped them to save 120 000€ annually on their Amazon Web Services costs.