
3 Big Financial Benefits of a Clean Vendor Master [1]
You Need Solid Data You Can Trust
Your vendor master is the backbone of everything that happens in your procure-to-pay process—from who you do business with to when and how you pay them. So when your vendor master contains duplicates, errors and vital information gaps, the impact can ripple throughout. It can affect your productivity, the effectiveness of your controls, the accuracy of the information you use to make strategic decisions, and the health of your bottom line.
When your vendor master contains solid data you can trust and use with confidence, though, you can unlock significant financial benefits. Here are three great examples of the positive impact a clean and rich vendor master can have on your bottom line.