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Procurement’s Data Quality Challenge

Procurement’s ability to succeed and provide value to the business is wholly dependent on access to clean, reliable, and complete data. Without good data as the foundation of all decision making, procurement exposes the business to risk, waste, and lost opportunity. They may also compromise their own reputation as a trusted business partner.

Despite knowing how high the stakes are, many procurement teams still fail to prioritize data integrity and instead continue to operate in unstable data environments. Why is this the case?

In this whitepaper, we partnered with SpendHQ to better understand and offer solutions for procurement’s biggest data challenges. 

This whitepaper explores:

  • Why data cleansing and normalization isn’t more of a priority for procurement, and what’s at stake if they continue to use “dirty” data
  • What data quality success looks like and how to achieve it
  • Why AI isn’t a silver bullet when it comes to data hygiene but still has a place in procurement’s data toolkit

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