Research by IBM has estimated that bad data costs the U.S. economy around $3.1 trillion dollars each year. Additional research from Experian also found that bad data has a direct impact on the bottom line of 88% of US companies, with the average company losing around 12% of its total revenue. Yet businesses still tend to overlook the importance of data quality. The result? Poor data becomes a bottleneck that prevents successful deals taking place and organizations become overwhelmed with disparate data sources. 

We, as rebate management experts, understand that up-to-date data is crucial for accurate rebate revenue calculations and data-driven decision-making. For our customers to fully benefit from Enable, their data needs to be migrated from various sources, integrated into a single repository, and harmonized into a common format. Without this, we cannot perform rebate calculations for them.

We recognize that migrating and integrating data can be daunting, especially for those without technical expertise. Therefore, having the right tools and additional support can make a significant difference. We often find that our new customers have multiple unstructured data sources in different formats, requiring significant effort to organize. This can be time-consuming and resource intensive.

To address this, we are offering a data transformation service to expedite the data integration process during onboarding of Enable.

How does data transformation work?

To commence the data transformation process, we will first profile your data to comprehend its current state and scope. Subsequently, we will create a plan and discuss it with you. You can then extract and furnish us with your primary data (including product lists, locations, and suppliers/customers) and transactional data (such as sales/purchases) in its original format from your source system. We will then cleanse your data to ensure its reliability and trustworthiness.

Afterwards, we will take the necessary steps to convert all the data into the required format and migrate it into Enable, allowing you to swiftly start using the platform. We will continuously monitor and maintain this process over time to ensure seamless integration.

The advantages of our service include:

• Accelerated time to value since we are the technical and business experts who can quickly get you started, eliminating the need to continually pass requirements to your technical teams.
• Substantial time savings by reducing the necessity for manual data gathering and analysis.
• Reduced dependency on IT teams.
• Automated data integration into Enable on a more frequent basis (daily instead of monthly).
• Delivery of more valuable insights concerning your deals.
• Improved data accessibility as it is stored in a centralized location.
• Increased data integrity by decreasing the probability of data errors.

With over 40% of businesses failing to achieve their objectives due to missing, incomplete or inaccurate data, data quality is clearly a widespread problem and business leaders now have a responsibility to their stakeholders and employees to put data integration at the top of their to-do list.  

Want to transform your data? Contact our data experts via hello@enable.com