Recoup profit by correcting address data in Microsoft Dynamics 365/AX
Shipment accuracy of 99 percent sounds praiseworthy, but guess again.
Presuming $8 million in sales and 100,000 orders, that one percent of lost shipments, or ones requiring personnel intervention to correct address data, costs you $92,500 per year.
That is how AXMentor figures the cost of bad address data, and the team will detail those costs further in the September 6 webcast Save Time, Stay Compliant and Increase Profitability by Correcting Address Data in Microsoft Dynamics 365/AX, hosted by MSDynamicsWorld (Register here).
What do companies require, and why?
First, they need to scrub legacy data before it is used. "People leave organizations, move addresses, and nobody really watches and pays close attention to that data unless it comes to use, and then it's too late," says AXMentor Marketing & Sales Manager Amir Khoshniyati.
Thus, a second requirement is real-time address verification; this is especially crucial for companies using ecommerce platforms to move a high frequency of sales orders, Amazon style.
A third requirement is shipment assurance - can the address accept a commercial shipment? "We have really homed in on that to make sure we can decipher between commercial and residential, decipher between PO boxes for example, and also military addresses-as granular as that," says Khoshniyati.
AXMentor partnered with Experian to develop the Quality Addressing for AX (QuAAX) real-time address verification system for Microsoft Dynamics 365 and AX. Khoshniyati describes the solution as a data "...
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