Any organization that handles a large volume of supplier-related transactions finds it 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 solutions help organizations across industries to improve the accuracy of supplier/vendor data. Additionally, we help you unlock actionable insights for better decision making, while reducing the cost of accounting operations.
HOW ORGANIZATIONS BENEFIT FROM QX’S SUPPLIER MASTER DATA MANAGEMENT SOLUTIONS
Reduce costs associated with managing and maintaining your supplier data by optimizing the process, implementing technology, and decreasing costs associated with the staff.
SINGULAR 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.
ENHANCE PROCUREMENT DECISION-MAKING
Access up-to-date, accurate and comprehensive data on all the suppliers, which 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. This is where QX can help – we provide reliable data and reports, so that your core team can focus on activities that release higher value.
WANT TO KNOW MORE ABOUT THE BENFITS OF OUTSOURCING SUPPLIER MASTER MAAGEMENT FOR YOUR BUSINESS?