Optimize your business partner data management (BPDM)

Struggling with outdated or messy business partner data? Cofinity-X securely and reliably simplifies the management of these vital business assets. Our solutions help you maintain a more accurate overview of business partner data as well as enrich them with meaningful insights.

The BPDM challenge

Your company is global and highly interconnected, so seamless collaboration with your network of partners is paramount. From suppliers and manufacturers to distributors and service providers, the efficiency of these relationships directly impacts the operational success of your business. Yet, managing business partner data is time-consuming, especially if you are still working with outdated or inconsistent records that lead to inefficiencies, errors and even compliance risks.

Continuing to manage these data manually simply makes no business sense. Using state-of-the-art BPDM solutions ensures that organizations have a centralized, accurate and up-to-date record of all their business partners. The advantages are not trivial: these solutions streamline operations, reduce administrative burden and improve data integrity. These are benefits that every company needs in order to keep up in the rapidly evolving business landscape.

For the automotive industry, the Catena-X dataspace has been created to enable such solutions. Click here for a quick video about the BPDM use case of Catena-X.

A closed pool model

The Catena-X network is already a major platform for the automotive industry, used by many leading OEMs and Tier 1 suppliers. If you are new to Catena-X, check out our article here.

One major advantage of business partner data management via Catena-X is the ability to operate a closed pool model, ensuring only a restricted set of pre-approved business partners can participate in specific transactions, agreements or business processes. The business partner data are curated, validated and securely maintained, ensuring high-quality and trustworthy information. A closed pool also helps in compliance and risk management as it ensures all included partners meet regulatory and business requirements.

A robust and trusted solution

As an independent service provider within the Catena-X network, Cofinity-X is here to help companies considerably optimize their business partner data management. Built with a strong foundation in data security and compliance, our solutions ensure you will be able to trust the accuracy and reliability of your key business partner information.

For example, our time-saving and secure Golden Record service uses a collective approach to manage a central pool of address data. These are the benefits at a glance:

Work with Cofinity-X too

By partnering with Cofinity-X, businesses can ensure that their partner data are accurate, up-to-date and seamlessly integrated into a trusted network. Besides the considerable time and cost savings, we can also help future-proof your company with additional services such as compliance and risk management, for the automotive industry and beyond. Whether you are looking to improve data accuracy, streamline partner management or enhance compliance, Cofinity-X provides the ideal solution. Talk with one of our experts for a personalized consultation.

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Requesta demo to see how Cofinity-X can transform your businesspartner data management.

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Related links

• Learn more about our Golden Record service.
• Read more about business partner data management, as defined by Catena-X.
• See how the Volkswagen Group positions the importance of business partner data management.

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