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Data Transformation: ENRICH

ENRICH is the fourth step towards actionable intelligence

Enrichment is the fourth key step in the process of transforming your spend and supplier data into actionable intelligence that is complete, accurate and fit-for-purpose.

A rich and comprehensive profile

Our sophisticated matching and inference engine is used to match the supplier record or item description to Spikes Cavell and licensed 3rd party reference datasets and append a range of attributes to each record. Standard and optional attributes include:

  • Number of Employees
  • Risk Classification (Modelled)
  • Annual Revenue (Actual or Modelled)
  • Date of Incorporation (Birth Year)
  • Geographic Location

The end result of the enrichment process is a rich and comprehensive profile of each of your core trade suppliers of goods and services. The attributes we append have been selected to enable you to answer a range of questions that it is not possible to answer using your own financial management systems including:

  • About the Suppliers

    Those who are overly dependent on you for the bulk of their income.

    Those you pay using a purchase card.

    Who are the small and medium business and how much do you spend.

    The amount you spend with newly created suppliers.

  • About the Spend

    The categories of goods and services do you spend relatively more with local and/or small businesses.

    The amount you spend and in which categories do you spend locally, countywide, in-state, regionally or nationally.

"The spend analysis was something that was sorely needed at Tampa. Spikes Cavell and the Observatory are going to help us streamline in a lot of areas."

Gregory Spearman - City of Tampa