How comprehensive and accurate is your supplier database?
It’s what you don’t know about your suppliers that will hurt you. CVM Supplier Data Enrichment Services delivers comprehensive business information on over 30 million suppliers from around the world. More than 250 of the world’s largest organizations rely on CVM as a foundation for building better insight into their supply base – to improve sourcing activities, reduce risk, and improve compliance. Shouldn’t you?
CVM Supplier Data Enrichment Services:
Built for procurement first
Once you consolidate, standardize, and enrich your supplier records with our proprietary data, you will make decisions based on the most accurate, complete, consistent, and up-to-date information on your suppliers.
What sets us apart is our quality assurance – and the fact we go beyond “sell-side” credit-based supplier information. We check and update thousands of supplier records on a daily basis, guaranteeing the most up-to-date information. Our Six Sigma-certified CleanQuest® matching engine aggregates your supplier records from disparate systems, cleaning and enriching them.
For us, supplier content is about supplier content – not about figuring out alterative revenue streams for credit-based information.
“Inadequate spend data management capabilities are costing businesses $260 billion in missed savings opportunities annually.”
— Aberdeen Group
“By year end 2008, at least two-thirds of financial audits will comment on supplier data accuracy and request improvements.”
— Gartner Group
Benefit with CVM
Supercharge your spend analysis efforts with the best possible insight into your entire supply chain
Increase negotiating power by viewing total spend on suppliers linked to the same corporate family
Reduce administrative overhead and supply chain problems by relying on accurate, supply management-driven content (not just credit-based information that is resold to procurement)
Enhance your existing supplier information with SIC, NAICS, or UNSPSC codes to identify which commodity and service areas present the greatest opportunities for spend reduction
Enhance visibility into your supplier diversity process, including government compliance
Rationalize supplier and spend information across ERP, SCM, e-procurement, and procurement card systems
Integrate data into your SAP, Oracle, Peoplesoft, or other ERP application to increase its power
