TealBook x Procurement Leaders: Maximizing Procurement ROI with Good Data
In this recent webinar, TealBook & PL team explored the key components of a successful data-driven procurement strategy, including the role of Gen AI.
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Offering spend visibility to the financial services industry.
TealBook allows you to view company spend grouped by Type, Category, Business Unit, or Country.
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Minimize risk by accessing departmental spend.
Whenever you aim to replace one supplier with another in order to increase diverse spend, create competition, or lower costs, there is always a concern over how much risk the process and replacement entails. By gaining access to the supplier’s details, you can reduce risk across departments and save time and effort when tracking spend reporting.
Accelerate
Access relevant supplier information to speed up decision making.
Filter
Find specific suppliers who meet requirements.
Verify
Minimize risk by knowing exactly who you do business with.
We provide trusted supplier data to help BFSI Organizations find and evaluate suppliers.
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1.
Offerings
Access digestible supplier overviews and descriptions of products and services, information about a supplier’s geographic reach, NAICS codes, and suppliers with similar offerings.
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2.
Contact Information
Easily find contact information for salespeople and executives, as well as generic inboxes if you don’t already have a point of contact. You can also quickly navigate to a supplier’s website or social media.
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3.
Trust and Risk
Get information on a supplier’s ethical practices and sustainability efforts, as well as any connected associations, corporate relationships, and the amount of time they’ve been in business. You can also see reviews left for suppliers.
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4.
Financial
Find tax ID numbers, corporation size, and revenue projections.
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5.
Certifications
If a supplier has diversity, sustainability, or industry-specific certifications, you will find them listed, as well as any security or patent information.
How TealBook Can Improve Procurement for the Financial Services Industry
Make Strategic Decisions
Outdated or inconsistent data results in a lack of spend visibility, which leaves your organization vulnerable to murky purchasing processes and increased risk. By accessing a foundation of strong, refreshed supplier data, you can avoid duplicate payments or fraudulent supplier records, while freeing up the time and resources to make more strategic procurement decisions.
Drive Cost Savings
View and analyze your corporate spend by Type, Category, Business Unit, or Country, so you can identify areas for improvement. Contribute to overall reduced operational cost by saving time on supplier searches and onboarding.
Search and Filter Offerings
Quickly identify suppliers that fit specific requirement to serve your organization, create competition within your supply chain, and drive innovation across multiple departments.
Access Refreshed Data
Unlike traditional, manual methods of data gathering, TealBook’s machine learning and AI create and consistently update complete supplier profiles so you have dynamic, real-time data at your fingertips to ensure your procurement process is operating at its fullest potential.
“Supplier information (whether for discovery or master data management) changes with the speed of business, which right now is very fast. TealBook is the only approach built to align external dynamics with internal systems, processes, and business needs.”
Jason Busch
Founder
“TealBook significantly increased our potential vendor pool and provides a tool for seamless communication for new bids.”
Annie O'Donnell
Procurement Generalist
The Trusted Source for Supplier Data™️
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Profiles
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Explore Use Cases
TealBook touches a variety of procurement problems and decisions. Explore more use cases to unlock even more procurement possibilities.
Thought Leadership
Unleash procurement possibilities.
Whether you’re looking to maximize diversity spend, optimize supplier diversification, or identify emergency sourcing options, the best available supplier data makes all the difference.
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