Datanovel reveals outdated purchasing and remittance advice contact details by verifying email addresses and phone numbers with providers. Visually correct, but no longer valid, details may cause delayed acknowledgements or even misrouted/lost purchase orders. This leads to supply risks and unnecessary repeated work in reaching out to the supplier at each P2P step.
More compliance and supply risks:
Datanovel will not solve all compliance and supply risks but taking simple actions over our finding delivers quick wins that can also be used to back up the necessity of the frequent monitoring of the above issues.
More on reducing workload:
Implementation of Datanovel recommendations allows reduction of workload and cycle times throughout the P2P process, leads to resources savings and improving supplier experience.