DATA CLEANSING & CONTRACT MANAGEMENT
Cutting edge web-based solution for supply chain data management
The key to improving supply chain efficiency and cost savings is through clean and standardized information. Through our suite of Data Cleansing and Contract Management tools, procurement data is transformed from transactional information into powerful business decision assets.
SAVINGS: Historically 2% to 7% of total medical-surgical patient supplies spend (At least 4:1 ROI)
- Item Charges - Three-step approach ensures 100% data integrity, standardization of item descriptions and categorization.
- Vendor Charges - Achieves an accurate relationship between purchasing and billing to receive credits for overcharges.
- Vendor Identification - Verifies vendor information and avoids duplication through Federal Tax ID numbers.
- Integrated Spend Analytic/Contract Management Tool - Integrates contract data and cleansed item data into a single user-friendly tool.
- Administrative improvements in purchase order management, pricing, contracts, product receipt, invoice reconciliation and inventory management.
- More efficient business processes through consistent product identification improving supply chain communication, identification, and integration into downstream systems.
- Rapid access to standards-based product data on existing, new discontinued, or replacement products for healthcare providers.
- Supports patient safety initiatives by ensuring that the correct product is ordered and delivered, enabling reduced medication errors and more effective products recalls.
"Iron sharpens iron, so one man sharpens another." Proverbs 27:17