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Overview

This specialty biopharmaceutical company is a global leader in the treatment of rare diseases and highly specialized conditions. The company has nearly 24,000 employees and offers its products in more than 100 countries.

 

Challenge

Procure-to-pay executives wanted to assess and improve the quality of the supplier data held in the company’s corporate systems and databases—providing a solid foundation for accounts payable and other strategic

 

Solution

The company turned to apexanalytix to clean and vet more than 16,000 supplier records. Using our smartvm® Vendor Master Cleansing Services and advanced apexarchimedes™ artificial intelligence, our experts consolidated, scored and classified vendors, identified duplicates, scrubbed and appended information and produced rich reports—all in record time.

 

 

Results

• Identified 5,854 vendors with incorrect tax identification numbers (VAT/TIN).

• Identified 3,278 duplicate vendor records.

• Identified 82 vendors who appeared on prohibited entity watch lists.

• Discovered that a third of the vendor records had incorrect banking information (SWIFT, IBAN).

• Scrubbed 13,166 nonstandard address records and added missing information to 12,709.

• Added valid points of contact to 9,173 records.

• Enriched 973 records by adding DUNS numbers and SIC/NAICS classifications

Product Mentioned
Intelligent Data
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