What is Data Enrichment?
Data enrichment, sometimes called a data cleanse or data scrub, is the process cleaning an organization's master vendor file by comparing that file to an up-to-date third party master database in order to correct the organization’s bad or duplicate vendor data, as well as understand diverse supplier spend.
A typical data enrichment may help with vendor address standardization, contact information updates, diversity category & certification status, Tax ID, diverse supplier count and spend, and more.
