How Data Quality Impacts Earnings
Transaction data (think purchases and invoices) are the driver of rebate payments in for Ag input supply chain. If transaction data is not maintained properly, purchase transactions may not qualify for rebate earnings. Incorrect product numbers, incorrect UOMs, and missing GLNs contribute to some of the most common data errors – which means transactions with those errors are not recognized for incentive payments.
When Smartwyre begins working with a customer, it’s not uncommon to see 1,000+ “unmapped” products and 500+ UOM errors. As a result, actual rebate earnings received will be lower than has been earned. Poor transaction data hinders the ability to full capture rebate earnings.
Today, agribusinesses spend countless hours manually fixing and improving data to improve its overall quality, but there is a better way...
Improve Your Data Quality and Increase Your Profit
Smartwyre works with Agribusinesses to permanently improve data quality of the transactions that are so essential for the accurate payment of incentives.
Over the last 12 months, Smartwyre customer’s data quality scores have improved by 18% - meaning fewer errors and improved transaction data. By recognizing millions of dollars in additional transactions, Smartwyre customers earn more in rebate revenue.