Data enrichment

Acquisitions, mergers and changes within an organisation can lead to a decline in the quality of your supplier database. Contamination of the supplier database may also have grown historically. There is a real risk of errors occurring in the payment process. There is also the extra workload due to payment corrections to consider.

Transparent analyses your supplier database for duplicate, incorrect, outdated and incomplete data. Transparent also identifies all insolvent and inactive suppliers. We have an up-to-date reference database of extensive data on suppliers. We use this to clean up your supplier data, update it and, where necessary, supplement it.


Our approach

On receipt of an export of your supplier data file, Transparent carries out the following steps.

Clean-up
Transparent applies a number of methods in order to clean up your supplier data file.
  • Matching: the systematic comparison of your own file with Transparent’s up-to-date, reliable reference file;
  • Removal of duplication: tracking down suppliers which occur more than once in your file;
  • Correction: amending incorrect data.
   Enrichment
Enrichment involves adding to your file using relevant data from our reference file, such as activity codes, sectoral classification codes, Chamber of Commerce numbers and other relevant and useful fields.

Update
When conducting an update, Transparent ensures that all the data in the supplier file is synchronized with the up-to-date reference file.

Transfer
The cleaned, enriched and updated file is subsequently transferred to you, so that you can use it to alter your master data.

Your benefits
  • Incorrect payments can be minimized.
  • The workload in the accounts department is reduced.
  • Correct reporting and interpretation of supplier data are now possible.
  • System checks and automatic (scan) processes can be optimized.
  • The risk of fraud is reduced.