Improve your Supplier Data quality with CVM's Data Enrichment and Insight Solutions
CVM Diversity Data Enrichment service provides a detailed report of your current utilization of diverse suppliers within your existing supply base, providing visibility into ownership and minority type. Additionally, the report identifies your top suppliers by spend – enabling you to reduce supplier dependency by diversifying your supply base.
CVM's Master Database reflects over Millions of small and diverse supplier records, with aggregated data from over 350 third party certification sources. The results of your diversity enrichment service will provide record counts and spend by diversity category as well as by certifying and classifying agencies with applicable certification expiration dates and certificate numbers.
CVM’s Diversity Data Enrichment services enable you to make actionable decisions and measure against it. Easily track the growth of your supplier diversity program and the increase of your organization’s diverse utilization through regular supplier data enrichment projects.
Supplier data is constantly changing. Reduce supplier risk and maintain the integrity of your diverse spend by actively monitoring merger and acquisition activity, ownership changes and updates to certification or classification status.
Your supplier input file is cleansed and standardized against CVM’s Master Database – providing company name standardization, address standardization to USPS format and the completion of missing data such as contact information, telephone numbers, Tax IDs, revenue, employees, etc.
The Enterprise Data Enrichment service can help identify information such as M&A activity and joint ventures, as well as parent-child family linkages. You’ll gain visibility into supplier dependencies to leverage vendor spend and make more informed decisions about your supplier relationships.
Eliminate rework, wasted time and resources by identifying duplicate suppliers and consolidating vendor information. CVM identifies duplicates by assigning a unique vendor identification number for matched records. By appending the information to your file, rather than changing the data, you’re empowered to make the final decision.
Supplier classification codes including SIC and NAICS codes enable you to search, track, and report on suppliers based on standard categories. Identify your top 10 categories ranked by spend, record count or geographic region.
A cost effective solution that enables you to easily slice and dice your supplier data to create customized reports, for comprehensive spend reporting by business units, commodities, government reporting and external customer reporting requirements.
Filter through various levels of granularity to analyze spend across multiple dimensions based on diversity category, internal hierarchy by business unit or cost center, spend period and other attributes to measure success and growth.
Analyzing results quarter over quarter or year over year provides you a more granular view to the spend trends by supplier, vertical, certification and other views.
Combined with CVM’s Data Enrichment service, you will be able to generate the most up-to-date diverse spend reports and measure your program success on a real-time basis.
