For any organisation that handles a large volume of supplier-related transactions, it is challenging to extract relevant data and insights from supplier and item master records. Duplicate entries, incorrect data or expired data doesn’t just affect the accuracy of internal reporting, but also leads to costly errors in the P2P cycle.
QX’s master data management services help clients across industries to improve the accuracy of supplier/vendor data. In addition, we help you unlock actionable insights for better decision making, while reducing the cost of accounting operations.
How businesses benefits from QX’s Supplier Master Data Management Services
Bring down the costs associated with managing and maintaining supplier data by optimising the process, implementing technology and reducing costs associated with the staff.
Single source of truth
Create a reliable, final version of all the key data pertaining to all your suppliers, while maintaining compliance with regulations and internal controls.
Improve procurement decision-making
Access to up-to-date, accurate and comprehensive data on all the suppliers enables the procurement team to compare and contrast suppliers to make effective decisions.
Focus on what really matters
Compiling supplier data and creating reports often consumes a significant amount of your onshore team’s time – with QX providing reliable data and reports, your core team can focus on activities that release higher value.
Supplier master data management services to strengthen your supply chain
QX’s Supplier Master Data Management services help streamline the process of managing supplier data while also reducing costs involved in the process.
Supplier onboarding & setup
Updated supplier information
Deactivate & activate suppliers
Periodic Data cleansing
Create customised supplier reports
Speak with our experts to understand how we manage the master data for your procure-to-pay process