The fastest way to clean, validate, and continually enrich your supplier and customer data.
Are you fast enough to spot all the risks and opportunities in your vendor master?
For AP, P2P and Shared Services professionals, vendor masters are the foundation of everything. Yet maintaining them is not a simple task, especially when your suppliers’ information can change without your knowledge. For global organizations with thousands of vendors, ensuring that your vendor master data is up to date can be a real challenge.
It is also a costly risk: 30% of duplicate payments stem from duplicate vendor records.
SmartVM automates the entire vendor master process seamlessly cleaning, enriching and monitoring to create the best possible vendor master - all in real time. Connecting to your own P2P system, SmartVM mitigates risks, eliminates costly information gaps, identifies opportunities and improves your supplier records over time.