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Vendor Database UpdateS


DATA SOURCING, VERIFICATION AND CLEANING SERVICE TO UPDATE EXISTING VENDOR DATABASES

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Vendor Database UpdateS


DATA SOURCING, VERIFICATION AND CLEANING SERVICE TO UPDATE EXISTING VENDOR DATABASES

Key Fact

A quarter of your vendor data will be out of date by the end of this year ...

 
Data Churn Rate
 

... that could mean missing out on companies becoming non-compliant or conflicts of interests arising from directorship and shareholding changes.


Benefits of regular Vendor Database Clean-ups

  • Ensure you stay on top of critical changes in your vendor partners
  • Assist your transformation efforts (BBBEE)
  • Streamline the sourcing process by weeding out non-compliant or irrelevant vendors
  • Identify vendors that game your procurement process over time
  • Identify “ghost” vendors
  • Feed critical data to vendor development programs

Features of our Vendor Database Clean-up Service

  • Ability to source and verify a wide variety of data points and documents in Sub-Sahara Africa utilizing telephonic research and local sources
  • Output can be tailored to your requirements (e.g. SAP)
  • Viable for screening thousands of companies across Africa on a project basis
  • Inoxico is co-invested in the data quality
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Case Study


 

Here is how we helped a client identify criminal activity in their vendor base

 

Case Study


 

Here is how we helped a client identify criminal activity in their vendor base

 

Problem

  • The African vendor database had not been cleaned for several years
  • The company felt it was exposed to compliance and integrity vendor risks

Action

  • Inoxico screened 280 vendors across 7 African countries over 3 months utilizing telephonic interviews and on the ground document verification with local authorities

Result

  • Over 40 non-compliant companies
  • 1 vendor discovered to be in jail for fraud
  • Several cases of Conflicts of Interest
  • Impact of cleaner database and reduced risky spend to be estimated at 3 million rand