Find out which benefits your organization can experience if you decide to improve the efficiency of your procurement processes.

Discover the most common procurement risks and learn what you can do to successfully mitigate them.

In this article, we’ll explore seven essential steps involved in conducting a procurement audit, along with practical tips to guide you through the process.

Discover 6 game-changing tips for conducting a successful procurement audit at your organization.

Explore the biggest benefits of conducting a procurement audit and find out how this process can enhance your procurement operations.

Uncover the challenges associated with procurement audits and find out how you can overcome them with ease.

This article will outline the 5 best practices for carrying out a successful procurement audit.

Let our comprehensive guide teach you what procurement audits are, why they’re important, and which tools you can use to streamline the process.

In this article, we are diving deep into 6 case studies that demonstrate the value of implementing agile procurement.

This article is going to answer 6 key questions about agile procurement: from what it actually is, to how you can easily transition from traditional to agile procurement.

Find out which 7 steps you need to take in order to successfully implement agile procurement at your organization.

Wondering how to implement agile procurement at your organization? Read on, as we’re sharing our top 5 tips.

Discover what agile procurement is, which principles it follows, and what technologies you can use to make it work at your own organization.

This article is going to outline the key benefits of agile procurement and help you implement it into your procurement processes.

In this article, we are going to discuss 6 of the most common procurement challenges and provide you with tips on how you can overcome them.

Discover which common procurement challenges your organization can overcome with the help of automation.

This article is going to provide you with a comprehensive overview of the biggest challenges of global procurement.

Discover the most common global procurement mistakes and learn how you can avoid making them.

In this article, we’re outlining five key best practices that can help your company navigate the complexities of global procurement.

This article explores the biggest benefits of global procurement.

This guide is going to provide you with a comprehensive overview of global procurement, its importance, and the key steps and pillars that underpin its implementation.

Explore the five key global procurement trends that every procurement professional needs to know about.

This article is going to guide you through the essential steps of embracing global procurement at your organization.

Discover the benefits of supplier performance management in procurement, from cost savings to protecting your organization’s reputation.

This article explores the 7 essential steps you need to take in order to establish efficient procurement performance management.

This article is going to highlight 6 key reasons why procurement performance management is so important to the success of your business operations.

This comprehensive guide is going to teach you what the purpose of procurement performance management is, what activities it consists of, and why it’s important.

This article is going to outline six key benefits of measuring procurement performance.

In this article, we’re going to discuss some of the most common challenges you may experience if you’re trying to achieve high procurement performance.

In this article, we are providing you with a deep dive into the essential KPIs that will help you measure your procurement performance in 3 categories: cost management, supplier management, and process efficiency.

In this comprehensive guide, we’ll be discussing the ins and outs of procurement performance, why it’s important, how to measure it, and how to apply it to your own procurement efforts.

Discover six effective ways to boost your procurement performance, from establishing clear procurement policies to leveraging data and technology.

In this article, we’re sharing six effective methods to enhance your procurement lead time.

In the world of procurement, the adage “time is money” really holds true.  Timely acquisition of goods is crucial for ensuring smoother processes within a company, reducing unnecessary costs, enhancing customer experience, and, at times, even bolstering reputation to attract new business. When it comes to managing procurement lifecycles and timelines, one element emerges as […]

Some might say there’s no single secret ingredient for achieving success in the realm of procurement. Well, they might be wrong. Procurement market intelligence is increasingly being recognized as a vital strategic tool for procurement teams to enhance their risk mitigation, supplier selection, and cost minimization in today’s volatile markets.  But what exactly is it, […]

Gathering market intelligence is crucial for making informed procurement decisions, developing strategies, identifying cost-saving opportunities, as well as sourcing suppliers that are the right fit for your organization. But with a vast amount of intelligence and a variety of sources for collecting data at your disposal, how do you decide what approach you should take? […]

It’s easier to generate cost savings in procurement when you understand different types of savings. That’s what we tackle in this article.

Indirect spend plays a big role in procurement cost savings. If you learn to control it, you’ll be one step closer to your goals.

Let us guide you through the 5 most important benefits of focusing on procurement market intelligence.

This article will delve into the critical components that form the backbone of effective procurement market intelligence.

In this article, we’re uncovering the 6 essential characteristics that distinguish good procurement market intelligence.

Unlock the secrets to effectively measuring cost savings in procurement with the help of this comprehensive blog article.

Learn how to boost your procurement cost savings with our 6 efficient tactics.

Procurement executives face several challenges when trying to implement cost savings initiatives. Learn all about them.

Get a comprehensive understanding of procurement costs, cost savings, and the positive impact these savings can have.

Interested in becoming skilled in using big data and turning it into an ally for your procurement? Learn how to use big data efficiently.

Discover the top benefits of big data in procurement and how big data can transform your procurement processes for the better.

We outline four ways in which big data can improve your procurement bottom line, from reducing excessive spending to preventing disruptions.

At DPW Amsterdam 2023, Florin Tufan, our amazing CEO, had a chat with CPOstrategy to discuss AI in Supplier Discovery. He talked about Veridion’s journey into data enrichment and shared some insights on how Veridion is enhancing the Search API with natural language capabilities, paving the way to a data-driven future in procurement and beyond. […]

We describe the challenges that procurement professionals face when using big data to enhance their procurement processes.

This quick guide is designed to help you understand the role big data plays in procurement, from the use cases to technologies and benefits.

Learn the strategies to increase your procurement cost savings. Reduce your costs and transform your procurement department’s bottom line.

Discover the differences between procurement cost savings and cost avoidance, the benefits of both approaches and how to maximize them.

Apply these five tips to your procurement department if you want to achieve cost savings. By doing so, you can improve your profitability.

Analyzing data in procurement presents incredible opportunities to increase value, reduce costs, and mitigate risks.  But effectively managing and transforming massive datasets into valuable and reliable insights requires procurement professionals to invest in technology, organizational process changes, and strategic approaches. While the opportunities presented by data management are indeed significant, there are substantial challenges that […]

Do you keep hearing that analyzing data can enhance your procurement and enable you to make more informed decisions? Yet, when you recall how time-consuming it can be to search for a specific piece of information, or when you encounter old or inaccurate data, it’s easy to feel overwhelmed by the effort involved. Indeed, these […]

Veridion big data achievements were recognized at the 2023 TITAN Innovation Awards, earning a prize for the best data accuracy globally.

Do you often struggle with budget overruns, uncertainty in supplier choices, and poor supplier quality?  These are common issues faced by procurement teams that haven’t yet embraced data-driven practices. But what exactly is data-driven procurement?  In essence, it’s about relying on analytics to make more informed decisions, whether it’s about sourcing suppliers, managing risks, or […]

In our previous articles, we discussed what data driven procurement is, its benefits, and how you can transform your procurement with a more data driven approach. We have emphasized time and again that this approach brings many significant benefits, one of which is mitigating risks. Procurement risks range from supplier reliability, price volatility, and quality […]

As an experienced procurement professional, you understand the importance of relying on accurate and real-time information to make decisions. From selecting suitable suppliers to ensuring timely purchases or navigating turbulent times—investing in tools that collect, analyze, and manage data can help you immensely in all these aspects of procurement. Moreover, relying on data can bring […]

Business environments are becoming increasingly data driven—that is an undeniable fact.  This also holds true for procurement, where the importance of data insights cannot be overstated.  Data empowers strategic decision-making based on concrete facts, leading to optimized procurement processes and significant cost savings. However, this is only achievable when you know how to manage your […]

Data stands as a valuable asset in procurement. It offers a clear window into your spending and empowers you to make informed decisions. However, the potential of procurement data extends far beyond spend analysis. In fact, data can be highly beneficial in sourcing the right suppliers, forecasting customer demands, improving supplier performance, and fortifying relationships […]

Veridion was included in ProcureTech’s esteemed list of the top 100 global procurement technology companies for 2023.

If you’re wondering what role data plays in procurement and how it can benefit your business, this article is for you.

Let this guide teach you what procurement data management is, why it’s important, and which tools you can use for it.

In this article, we’re discussing 5 important questions to ask yourself if your goal is to make your procurement more data-driven.

Empower your commercial lines with AI-collected data on SMEs. We can all agree that high-quality data is the pinnacle for top-performing insurance companies. Starting from this principle, we’ve tailored Veridion’s data solutions to serve the insurance and reinsurance industries with high-quality data on 80 million companies worldwide. And there’s no better place and time than […]

This article is going to discuss the challenges associated with data driven procurement and provide advice on how to overcome them.

Through this article, you’re going to discover the best practices to follow if you want to implement a data driven procurement strategy.

In this article, we’re uncovering the benefits of making your procurement processes more data driven.

In this guide, we’re revealing what data driven procurement is, how it can help your business, and how you can implement it.

Digitalizing the procurement world and automating the procurement process offers significant advantages for businesses. From reducing manual mistakes to enhancing strategic sourcing and cutting costs, procurement automation is indeed the future of procurement practices in companies. However, despite its benefits, procurement automation also comes with its fair share of challenges. And if not managed properly, […]

Keen to know what is procurement automation? No, it’s not just a trend but a necessity. Discover its power and upgrade your processes.

The procurement department faces mounting pressure to streamline workflows, reduce errors, and optimize costs.  Thankfully, with the advent of advanced technology and innovative tools, automating certain procurement processes is not only possible but also immensely beneficial.  In this post, we’ll delve into six key processes within procurement that, when automated, can elevate your organization’s efficiency, […]

We bring you the list of procurement automation tools you can’t afford to miss: Veridion, Tipalti, Procurify, Precoro. Find your best fit!

Veridion is excited to be attending the DPW Conference in Amsterdam, the world’s largest and most influential tech event of the procurement and supply chain industry 🎉 The premiere procurement technology conference, held in the monumental Beurs van Berlage in Amsterdam, will take place on October 11-12, 2023. DPW is a digitally-minded, startup-driven event, and […]

For many procurement professionals, time is a luxury that is in short supply.  The culprit? More often than not, outdated procurement methods are full of tedious manual tasks. Fortunately, there’s a solution called automation. While it might appear complicated at first glance, automation comes with the promise of entirely remodeling the way the procurement process […]

Staying ahead of the curve with procurement requires more than just savvy strategies and keeping a finger on the market’s pulse. It calls for technological automation that improves traditional ways of doing business. In fact, the most productive companies leverage technology to streamline their processes and boost efficiency. That’s why, in this article, we’ll cover […]

Veridion is proud to be a part of the ProcureCon event in Barcelona to connect with like-minded innovators from top organizations and help them discover the next generation of AI-based data solutions for supplier discovery and supplier data management. Why you should connect with us 🤝 We profile any supplier globally with a digital presence, […]

Envision a world where comprehensive and accurate data on suppliers and their capabilities are available within seconds. Veridion transforms this vision into reality! Supplier Discovery powered by AI. Leaders in industries like pharma, semiconductors, and management consulting use our AI-powered Search API to access data about potential suppliers and act on key insights such as main business […]

The first half of 2023 has witnessed significant supply chain shortages in various sectors. Particularly alarming are the shortages in fourteen crucial cancer drugs, primarily cisplatin and carboplatin. Such interruptions put the lives of over 100,000 cancer patients at risk. This article provides insights into the current state of this shortage and suggests potential strategies, […]

The semiconductor shortage has been a critical issue since early 2020, with prospects remaining bleak into 2023 and beyond. Initial forecasts have shown that semiconductor manufacturing capacity growth will likely remain inconsistent until at least 2026. This semiconductor deficit, predominantly affecting mature technologies, impacts several sectors, including industrial and automotive. The implications of such a […]

13.07.2023, București Veridion anunță realizarea excepțională a echipei AIsite, marea câștigătoare a primei ediții a hackathonului Hacking Big Numbers, care a avut un total de premii acordate de 13000 de euro. După trei zile intense de codare, în mijlocul unei competiții acerbe cu alți 50 de participanți talentați, împărțiți în 14 echipe, echipa AIsite a […]

https://youtu.be/WznmoHh8h0M Hackathons are the perfect platform for innovation, creativity, and problem-solving. In this article, we present unique problem ideas that blend artificial intelligence (AI) and business, offering a fresh perspective for your next hackathon. These challenges range from crafting company descriptions from images, summarising business operations in five words, to detecting website clones from screenshots. […]

In the first half of 2023, supply chain shortages have continued to be a pressing issue. Initially sparked by the pandemic, these shortages have been perpetuated by various factors, such as geopolitical conflicts and disruptions in shipping, creating significant challenges for many industries, particularly manufacturing. Additionally, specific commodities like copper, nickel, and adhesives will pose […]

Empower your commercial lines with AI-collected data on SMEs. We can all agree that high-quality data is the pinnacle for top-performing insurance companies. Starting from this principle, we’ve tailored Veridion’s data solutions to serve the insurance and reinsurance industries with high-quality data on 80 million companies worldwide. And there’s no better place and time than […]

Supplier Discovery powered by AI. Envision a world where comprehensive and accurate data on suppliers and their capabilities are available within minutes. Veridion transforms this vision into reality! We are thrilled to announce that we’re showcasing our innovative data solutions at the Gartner Supply Chain Symposium XPO. Currently, leaders in industries like pharma, semiconductors, and […]

21 Feb 2023 – Veridion (formerly known as Soleadify) announces a $6 million round to finance their proprietary AIs that are specifically trained to understand the global business landscape, enabling their clients, including tier 1 consultancies and market intelligence firms, to access reliable data on 80 million businesses worldwide, saving thousands of hours of manual […]

The current state of supplier discovery   €920 Billion (~$970 Billion USD) – that’s the estimated GDP loss from 2020 to 2023 caused by supply chain disruptions and adjacent challenges (like the COVID19 and the war in Ukraine). And that’s just for the Eurozone! To put the magnitude of this loss into perspective, this amount […]

For the first time in history, we can directly trace massive problems to bad data and, at the same time, have the ability and the right tools to build systems that address these problems for the long run: high-quality data as infrastructure.- Florin Tufan, CEO @Soleadify   The way companies use data for making decisions […]

For the first time in history, we can directly trace massive problems to bad data and, at the same time, have the ability and the right tools to build systems that address these problems for the long run: high-quality data as infrastructure.- Florin Tufan, CEO @Soleadify   The way companies use data for making decisions […]

As an engineer If you had a penny for each time you rolled your eyes when you got approached for a job, what would you do with the money? Even more disappointing if you’re a Senior, since inflation is probably deflating the value of this imaginary hard earned piggy bank as we speak. Can you even […]

Soleadify Partners with Sapiens to address the misclassification of Small and Medium Size Businesses during insurance underwriting   (Toronto, Canada) Soleadify, an AI-based small and medium-sized business (SMB) data company, are pleased to announce their strategic partnership with – Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, to reduce the […]

  The global supply chain is under pressure. From natural disasters to unexpected surges in demand, companies are finding that their supply chains are not as resilient as they once thought. COVID-19 and the current instability in Europe are just the latest examples, with an estimated $4 trillion (so far) in lost revenues for organizations […]

A lot of wisdom comes from experience. You learn by doing and that knowledge sticks with you forever. However, learning by doing takes an excruciatingly long time. Naturally, the next best thing is to learn it all from books and apply what you have learned wherever you need to. If you ask us, books are […]

Can a deep understanding of a business’s digital footprint solve the classification problem that causes billions in losses in industries like insurance and lending? At Soleadify, we think it can. Let’s start by defining the terms and understanding the numbers. A digital footprint is the sum of a business’ online activities and external mentions. Any […]

One of the most significant challenges in the modern procurement sector is supply chain discovery. From increasing magnitude and scope of vendor risk, as well as inconsistent product availability to expanding regulatory frameworks, the complications in the whole process are endless.  In an attempt to be more competitive and efficient, many business models resort to […]

The internet is a wonderful place, full of massively important conversations and debates such as: was Will Smith right to slap Chris Rock in the face on arguably the most prestigious stage in the film-making industry? Truly groundbreaking stuff. But shortly before the internet was watching “Slap-that-Celebrity”, there was a raging debate upon whether there […]

In business, we ALL fill out forms. For most of us, that’s a weekly event, and for many of us, it happens multiple times per day. The list of forms we must fill out is a long one, especially for those of us who work in sales or marketing roles. Registration forms for webinars and […]

Cybersecurity Risk is no longer a technology risk: it’s WAY bigger. And, the perfect storm is happening now.   According to The Indian Express “the Log4j vulnerability–first reported on Friday– is turning out to be a cybersecurity nightmare that likely impacts a wide range of products from Apple’s iCloud to Twitter to Microsoft’ Minecraft and […]

Everyone knows what you mean when you ask them, “do you trust the data you use?” And everyone WILL answer you. Perhaps not articulately, but they will have an opinion. “It’s decent”, or “it’s crap”, they will say, and so on. But don’t ask anyone to define what trust is […]