The quality of data in supplier databases could often be better. Almost every supplier database contains duplicate, inaccurate and incomplete records. Moreover, you probably use several databases rather than just one. Dun & Bradstreet can help you cluster data to produce a single clean ‘vendor master database’.
Improve the quality of your supplier database
Data ages rapidly. Changes affect from 30 to 40% of the data in your database annually. Businesses relocate, merge or change their names and contact persons change jobs. Containing more than 200 million records, the Dun & Bradstreet datacloud is the largest in the world and enables you to improve the quality of your data and optimise data management. Altares Dun & Bradstreet can help you normalise, rationalise, standardise, update, enhance and maintain your data and remove duplicate records. Duplicate data and inaccurate data are deleted. And your data are updated, organised and enhanced with valuable, additional D&B information. This enables you to get the most out of your systems. Using a single, clean, accounts payable master database enables you to work more efficiently, optimise your purchasing processes and make cost-savings.
Consolidation
The first step in discovering possibilities for consolidation in your supplier database is to have clean, complete, accurate and up to date data.
Invoices paid twice
Do you have several supplier databases and are they maintained by several people? In that case, it is likely that there are duplicates in your database with the risk that invoices are paid twice.
Implementation ERP system
The success or failure of a well-implemented ERP system depends on the quality of the entered data. Cleansing and maintaining the data enables you to get the best out of your system.
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