We are thrilled to announce a strategic partnership between Veridion and Coupa, marking the official certification and availability of Veridion Scout PRO – Supplier Discovery on the Coupa App Marketplace! This integration delivers an innovative supplier discovery solution directly within the Coupa Total Spend Management platform, transforming how procurement teams source and manage suppliers globally.

Empowering Procurement Excellence

Procurement teams often grapple with fragmented data, cumbersome manual processes, and limited visibility into supplier risks and ESG compliance. Veridion Scout PRO, now seamlessly integrated into Coupa’s sourcing module, empowers users to overcome these challenges by accessing comprehensive, AI-powered supplier insights directly within their everyday workflows. 

As Rajiv Ramachandran, SVP of Product Management and Chief Product Officer at Coupa, explains,

“With supply chain resiliency challenges and pressure on profit margins due to increased costs, the need for swiftly identifying the perfect suppliers, proactively mitigating supply chain risks, and unlocking significant cost efficiencies across the entire operation is imperative now, We’re proud to have Veridion on the Coupa App Marketplace to give our customers even greater accuracy and speed in deepening their supplier portfolio to support their sourcing initiatives and corporate-level goals.”

A Powerful Integration, Unmatched Data Quality

Veridion Scout PRO harnesses advanced AI and machine learning techniques to deliver fresh, accurate, and comprehensive company insights. Users can effortlessly search through over 129 million global suppliers and more than 1 billion products and services using intuitive natural language queries and advanced filters. Key supplier insights include:

• Comprehensive supplier profiles with over 220 data attributes
• Detailed ESG commitments and compliance data
• Real-time insights refreshed weekly, enabling proactive risk mitigation

Deepening Supplier Intelligence and Enhancing Risk Mitigation

Veridion Scout PRO enhances the Coupa Total Spend Management platform, equipping customers with advanced tools to significantly boost their procurement strategies. Through this integration, customers gain:

• Accelerated Supplier Discovery: Quickly identify suitable suppliers, reducing sourcing timelines from weeks to minutes and accelerating decision-making.
• Proactive Risk Management: Instantly identify and address potential risks, such as financial vulnerabilities, complex ownership structures, and compliance concerns.
• Seamless ESG Alignment: Easily integrate sustainability and regulatory requirements, such as CBAM and the EU Green Taxonomy, directly into supplier evaluation and selection processes.
• Enhanced Data Accuracy and Operational Efficiency: Consolidate and enrich supplier data, eliminate data silos, and minimize the costs and complexities associated with third-party integrations.

As Florin Tufan, Co-Founder and CEO of Veridion, emphasizes,

“Connecting Veridion Scout PRO into the Coupa Total Spend Management platform gives our customers a streamlined AI-powered Supplier Discovery experience and access to unparalleled, weekly updated data and actionable insights on more than 129 million global suppliers.”

Discover the Future of Strategic Sourcing

Take advantage of the powerful combination of Coupa and Veridion Scout PRO today, and unlock new strategic sourcing capabilities for your organization.Explore now on the Coupa App Marketplace: Veridion Scout PRO – Global Supplier Discovery.