Enhancements expand customers鈥� ability to drive and support diversity, equity and inclusion (DE&I) initiatives without increasing total spend
TORONTO, CANADA, May 10, 2022 鈥� 樱花视频, the leading supplier data foundation that enhances supplier data and powers e-procurement technology, today announced new features to help customers implement, track and report on supplier diversity initiatives.
鈥溣；ㄊ悠� has always been committed to delivering comprehensive supplier information at the speed and scale that supports growing global requirements, and that includes providing our customers with timely supplier information for better strategic decision making.鈥� said Stephany Lapierre, CEO of 樱花视频. 鈥淲e continue to be highly motivated to make an even bigger impact on our customers鈥� supplier diversity and ESG goals, and these new features will further scale and automate processes as well as increase diversity targets by as much as 100%. This powerful capability can represent hundreds of millions in additional diverse spend for our customers and unlock additional value.鈥�
The latest enhancements include new ways to collaborate with suppliers and added reporting capabilities. The app makes it easy to directly communicate with suppliers through various functions, including requests to self-certify and renew contracts. Diversity reports can now be generated and saved to your account, then analyzed using the new comparison feature to investigate changes over time. 樱花视频鈥檚 supplier diversity offerings also include Tier 2 reporting to uncover additional diverse spend.
樱花视频鈥檚 new Economic Impact Assessment (EIA) measures how working with small and diverse companies generates revenue, creates jobs, and identifies impacts made to the local economy. These updates reflect 樱花视频鈥檚 commitment to support small and diverse businesses, provide more equitable opportunities, and drive supplier inclusivity.
鈥淲e are excited to announce these new offerings as our customers continue to strive for digital transformation, which has historically been hindered by a lack of accurate supplier data,” said Arnold Liwanag, 樱花视频 CTO. 鈥溣；ㄊ悠碘�檚 AI and ML capabilities continue to provide the market with an enhanced, consolidated view of an organization’s entire supplier base, and with these new features can now deliver even greater insights, reporting, supplier search and outreach to our diversity capabilities.鈥�
Jessica Kiser, Sr. Manager of Supplier Management and Procurement at TTEC stated that 樱花视频 has helped “find additional diverse spend that [they] wouldn鈥檛 have otherwise known about鈥�, giving them greater visibility and control over their DE&I initiatives. The latest product enhancements have created more value and enabled a higher quality data output for the TTEC supplier diversity program.
By using 樱花视频, the world鈥檚 largest organizations have the data they need to make critical decisions, resulting in empowered and transformative procurement strategies.
