Exploring the Dirty Secrets of Dirty Supplier Data
Brought to you by Lavante & Spendmatters
Adding Up the Costs for Finance and Procurement
Much has been written about the cost of poor supplier data when it comes to analyzing spend to drive sourcing strategies. But the topic of dirty supplier data — not to mention inadequate access — when it comes to managing supplier information outside of spend analysis or sourcing is a topic that’s perhaps more important, but often overlooked. Today, the typical large or middle market enterprise is losing millions of dollars in potential savings because of dirty supplier data in areas that have nothing to do with sourcing. Here at Spend Matters, we believe it’s high time to take out the broom and some Lysol and show organizations how to not only create clear supplier records on a one-time basis, but how to maintain high levels of quality supplier data overtime.
- Explore both hard and soft costs of poor supplier data quality when it comes to compliance, business risk and finance / procurement operational efficiency.
- Identify areas where poor supplier data is most commonly found.
- Showcase what typical supplier data environments look like before and after cleansing and maintenance efforts.
- Present the value of introducing supplier information management capabilities to insure ongoing data accuracy.
And you can be sure we’ll debunk the myths that ERP and/or procurement suite standardization and spend analysis can fully address the fundamental supplier data quality challenges that are robbing your business today.
It’s high time procurement and finance organizations addressed dirty supplier data quality issues head on rather than sweeping them under the corporate carpet. Join us for a Spend Matters / Lavante webinar on Tuesday, June 28 at 11am PDT and learn how to rise to the challenge.
Jason Busch, Editor, Spend Matters & Founder and Managing Director of Azul Partners
Jason Busch is regarded as one of the leading technology pundits and thought leaders in the trade, procurement and operations worlds.
Sherry DePew, VP Account Management, Lavante
Sherry DePew serves as Lavante’s Vice President, Account Management and is responsible for optimizing our customers’ experience, ensuring that they are benefiting from the full use of Lavante’s suite of on-demand solutions, and driving customer collaboration to define the company’s P-to-P solutions.