The Impact of Trusted Supplier Data

Unlocking Procure-to-Pay Value Through Supplier Data: Insights from Spend Matters

Pierre Mitchell from Spend Matters explored the link between good master data and value in procure-to-pay operations. His report introduces an Analysis Framework with KPIs for supplier data quality, improvement practices, and digital tools.

Using apexanalytix benchmark data, the report highlights that companies with a supplier registration portal are 104% more likely to be top performers in on-time payments and have 14.4% lower invoice costs. Top firms continuously clean, validate, and update vendor data under a comprehensive data governance model, leading to more efficient processes and better outcomes.

Read the report now.