A method and system for storing user-specific information in a centralized database and reducing data entry by intelligently determining what data is already stored in the centralized database and what data needs to be collected from the user. The method includes receiving a request from a user of a user computing system to initiate a transaction, wherein the transaction requires user-specific information in at least one associated field to complete the transaction, and receiving a request from a service provider system for the user-specific information. The method further includes providing the service provider system with the user-specific information when the user-specific information is stored in the centralized database, and, when the user-specific information is not stored in the centralized database, requesting the user- specific information from the user computing system, receiving the user-specific information from the user computing system, and storing the user-specific information received from user computing system in the centralized database.