Vendor Master Data
Know your suppliers to get the most out of them. Syncron Global Vendor Master provides a clean, consolidated and accurate view of vendor information that can be leveraged across all functional departments and business systems.
Benefits:
- Avoidance of duplicate vendor payments
- Improved purchasing/negotiation power
- Complied credit and discount globally
- Reduced price discrepancies within the group
- Mitigate risk exposure to the supplier
Global Vendor Master data solutions gives you a single, accurate and complete view of supplier data and synchronizes it across all other mission-critical applications and processes. With unified consistent vendor information you can mitigate supplier-related financial and non-compliance risks, reduce errors in payments and purchases as well as accelerate sourcing cycle and procure to pay times.
Publish to subscribing systems
Our solution acts as a centralized repository for all supplier data and publishes that information to any processes or subscribing business applications based on rules for distribution and transformation. This makes critical vendor data flow in real-time between your multiple applications.
Highlighted features:
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Import, cleanse, match and merge data from source applications based on sophisticated rules
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Double byte support for all fields and additional support for group common language
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Publish & subscribe for updated information
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Duplication check support
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Volume discount follow-up per vendor
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Vendors’ supply fulfillment quality analysis
Pre-built data model for consolidation
With a pre-built extensible data model, designed for mastering supplier information, data is consolidated to one common master data management hub using a combination of internal and external sources. This is done regardless of any duplicates, conflicting or incomplete data residing in each application or data silo.
No more duplicates
An unlimited number of predefined and user-defined attributes for consolidating supplier-specific information are also allowed. Advanced match and merge rules are applied to control that duplicate vendor records are prohibited to enter into the master. Through third-party sources such as Dun & Bradstreet the business rules defines how the system is allowed to complement incomplete data records or to add legal hierarchies.
Automatic cleansing while matching and merging
With the Syncron Global Vendor Master you get the ability to manage supplier data throughout its lifecycle, from request to consolidation to sharing and extending. Based on rules the vendor master data solution automatically cleanses, match and merge source records while eliminating duplicates.
The supplier data integration solution secures that your business critical data gets in good shape and stay that way. The Syncron Global Vendor Master will reduce costs significantly through improved spend analysis to minimize spend.
Watch our Global Vendor Master video demo and learn how we turn your data into valuable corporate asset today.