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
- 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
Those you pay using a purchase card.
Who are the small and medium business and how much do you
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