We’ve looked at
100 supplier registers
We’ve looked at 100 supplier registers to help us understand what a typical register looks like. Where the risks and errors are, and whether there’s potential for savings in terms of efficiency.
These are our findings…
- 6.3% of suppliers don’t have a corporation tax certificate. A corporation tax certificate acknowledges that social security contributions have been paid, but it’s also a hygiene factor… (with or without employees).
- One in ten suppliers have records of non-payment.
- 1% have more serious debts to the public, suppliers that aren’t wanted in the register.
- 1.1% of suppliers no longer exist.
- One in two supplier registers contains at least one scam company, and the trend indicates that if there’s one, there are usually more.
- 16.4% of suppliers’ company registration numbers appear more than once.
- 13% of suppliers have a Plusgiro account that’s in the process of being closed, of which 34% are already inactive.
- …and almost 4% of suppliers have an inactive Bankgiro account.
Why not pick up a whitepaper on the topic? ?
Read about more challenges here
Check the state of registers and supplier registers. And update the info.
A register of customers or suppliers loses its quality as the year progresses, we know you’re aware of that. Almost 31% of companies are highly likely to have data that’s been modified since it was added to the register at some point in the past. Duplicates are likely to have been registered. And company names, addresses or perhaps even giro numbers have been changed. Unfortunately, it’s also likely to include the occasional newly registered scam company that’s registered itself in the system and is free to trade.
Inyett Register Analysis controls customer and supplier registers in order to correct inaccurate and incomplete company information. This allows for efficiency and cost savings, as time-consuming information is removed from the correction of errors and mistakes manually, and subsequently. It also flags up irregularities and risks, which often have serious consequences for the company and the people in it.
A few good
- See which suppliers use Bankgiro/Plusgiro or bank accounts.
- See which suppliers are linked to inactive accounts.
- See which suppliers are duplicated, and remove the ones that aren’t needed.
- See which suppliers are at risk of bankruptcy and liquidation.
- See which suppliers don’t have corporation tax certificates.