CDQ Blog

In today’s fast-paced world, change is inevitable. Companies frequently move, update their names, or even close their doors. It’s crucial for businesses to stay aware of these changes to maintain accurate and up-to-date business partner data. However, keeping track of these changes on a global scale can be a tremendous and daunting effort.

In order to qualify for the zero VAT rate when selling goods to a business located in another EU member state, a company must demonstrate that the goods have been transported to that location. To meet this requirement, the company must first obtain and verify the customer's VAT identification number and also submit a proper EU Sales Listing.

The world of data quality rules offers a fascinating journey. Mine started when I realized how bad the business partner data quality is at organizations. As a researcher, I understood the importance of rules and procedures it was clear: rules and procedures are required for meeting at least a minimum of data quality.

In many companies, maintaining SAP business partner data can be a tedious task involving manual data entry, field by field. Sure, there are some basic validation checks in place for things like postal codes and country selection, but when it comes to entering names, addresses, and tax identification numbers, it's all done by hand.

It goes without saying that data is the foundation of any successful organization. It drives insights, informs decision-making processes, and plays a key role in shaping strategy. But here's the thing: if your data is inaccurate or incomplete, it's not doing anyone any favors.