Procurement
Optimize your procurement processes and performance
Top 5 pain points related to procurement data quality issues
Inefficient
processes
Inefficient procurement processes as inaccurate supplier data and purchase orders can result in delays, errors, rework and reduced productivity
Financial
losses
Financial losses caused by invoice discrepancies, billing errors, incorrect prices or contract non-compliance can imply payment disputes, financial penalties and costs
Reputational damange
Reputational damage and loss of trust as unreliable procurement data (e.g., duplicates, incomplete or outdated information) about suppliers/partners, products or materials can tarnish the reputation with suppliers, partners and customers
Compliance
risks
Compliance risks stems from incorrect or missing data (“ignorance is not an excuse”) as the company may not adhere to regulatory requirements and contractual obligations
Poor strategic
decisions
​Strategic limitations and incorrect decisions when e.g., vendor performance is not correctly tracked, preventing procurement departments from optimizing supplier selection, negotiations and collaboration initiatives
01
How the DQ Platform supports
Identify data issues
Smart, automated creation of data quality rules for procurement master and transactional data
02
Improve data
Integrated workflow and support for data corrections and improvement in familiar tools (e.g., SAP Ariba)
03
Ensure data quality
Issue prevention directly at the source, e.g., in SAP Ariba, Coupa, Ivalua or other Procurement systems
Optimized procurement processes and compliance with reliable data
+15% productivity increase via automation
Up to 1-2% cost reduction potential via optimization