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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 Vendor Master Cleansing Services and advanced 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

 

Interested in learning more? Schedule a demo here.

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