Optimize your Vendor Master Data
Delivering exceptional value through customer service, efficiency, flexibility, and effortless adoption.
VendorShield can deliver concise, complete and accurate supplier master data, with strong governance that sustains data quality, and improves vendor relationships.
Key Attributes
Data Cleansing & Standardization
Vendor Outreach
Risk Management
Integration & Implementation
Project Services & Support
Maximizing Vendor Management
Benefits
- Improve decision-making with precise data accuracy and up-to-date vendor information.
- Minimize fraud and compliance risks through direct vendor input and validation.
- Lower operational costs by eliminating duplicate records and inactive vendors.
- Foster stronger relationships with vendors with accurate and consistent data management.
- Streamline your vendor management process to significantly reduce administrative burdens and enhance efficiency.
Use Cases
- Address Validation
USPS validation for improved accuracy, added security, & fraud prevention. - Supplier Outreach
Improve partnerships with transparency & collaboration. - Tax ID Validation
IRS validation to avoid penalties and strengthen controls & compliance. - Parent/child Hierarchy
Facilitates easier organization, analysis, and reporting of financial data. - Vendor De-duping
Reduce duplicate payments and remove “noise” for increased productivity in purchasing and accounts payable. - W-9 Collection
A critical step in the proper set-up of new vendors and ongoing maintenance. - Cross-company Terms Analysis
Optimize payment terms, improve working capital, and reduce the potential for missed discounts.
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