Supplier File Performance Review and Cleansing Process

This document is a fact sheet detailing the supplier file performance review process. It outlines the issues related to supplier files, noting that they often contain 20-25% anomalous data, which can escalate to 80% in unmanaged files over 18 months. Such anomalies lead to significant problems, including incorrect payments and fraud risks. The document describes a solution involving forensic analysis of the master supplier file using AI-powered software and supplier risk intelligence. This analysis aims to identify potential fraud and transactional errors, ultimately reducing invoice errors and duplicate payments. Additionally, the fact sheet lists various services available, such as supplier file change reports and spend analysis. The benefits of the service include eliminating duplicate suppliers, preventing fraud, and streamlining processes. The document emphasizes the importance of regular cleansing of supplier files to maintain compliance and audit readiness.