SmartVM automatically compares each field in your vendor master database to more than 2 billion records from hundreds of public and private sources, including 50 million records compiled by APEX Analytix during direct interaction with suppliers for our Global 2000 clients.
Our multistep process to supercharge your vendor master includes:
Scrubbing records to identify duplicates and to standardize addresses based on global standards
Validating data to ensure accuracy of tax identification numbers and banking information
Enriching vendor info by adding missing mailing addresses, contact names, phone numbers and email addresses
Classifying vendors by industry codes and minority/diversity ownership
Alerting you to suppliers on government watch lists