Blog

Get the latest news on Veridion

Blog Page Illustration

The latest blog posts by the Veridion team

Blog image
Blog
6 Ways to Improve Your Procurement Lead Time
By: Stefan Gergely

12 February 2024

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

Read more
Blog image
Blog
Procurement Lead Time: Things You Need to Know
By: Stefan Gergely

26 January 2024

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 […]

Read more
Blog image
Blog
Procurement Market Intelligence: All You Need to Know
By: Stefan Gergely

26 January 2024

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, […]

Read more
Blog image
Blog
Four Sources of Procurement Market Intelligence
By: Stefan Gergely

25 January 2024

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? […]

Read more
Blog image
Blog
Different Types of Cost Savings in Procurement
By: Stefan Gergely

24 January 2024

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

Read more
Blog image
Blog
How to Control Indirect Spend and Achieve Procurement Cost Savings
By: Stefan Gergely

24 January 2024

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.

Read more
Blog image
Blog
5 Benefits of Procurement Market Intelligence
By: Stefan Gergely

23 January 2024

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

Read more
Blog image
Blog
Key Components of Procurement Market Intelligence
By: Stefan Gergely

23 January 2024

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

Read more
Blog image
Blog
6 Characteristics of Good Procurement Market Intelligence
By: Stefan Gergely

23 January 2024

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

Read more
Blog image
Blog
How to Measure Cost Savings in Procurement
By: Stefan Gergely

23 January 2024

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

Read more
Blog image
Blog
6 Ways to Generate Procurement Cost Savings
By: Stefan Gergely

23 January 2024

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

Read more
Blog image
Blog
Challenges in Implementing Cost Savings Initiatives in Procurement
By: Stefan Gergely

15 December 2023

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

Read more
Blog image
Blog
Procurement Cost Savings: A Guide
By: Stefan Gergely

14 December 2023

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

Read more
Blog image
Blog
How Procurement Teams Can Use Big Data Efficiently
By: Stefan Gergely

14 December 2023

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

Read more
Blog image
Blog
5 Important Benefits Big Data Brings to Procurement
By: Stefan Gergely

13 December 2023

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

Read more
Blog image
Blog
How Big Data Improves Your Procurement Bottom Line
By: Stefan Gergely

12 December 2023

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

Read more
Blog image
Blog
Key Challenges in the Current Procurement Landscape
By: Stefan Gergely

11 December 2023

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. […]

Read more
Blog image
Blog
Challenges of Using Big Data for Procurement
By: Stefan Gergely

10 December 2023

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

Read more
Blog image
Blog
Big Data In Procurement: A Quick Guide
By: Stefan Gergely

09 December 2023

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

Read more
Blog image
Blog
6 Strategies for Increased Procurement Cost Savings
By: Stefan Gergely

08 December 2023

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

Read more
Blog image
Blog
Procurement Cost Savings vs Cost Avoidance: What’s the Difference?
By: Stefan Gergely

07 December 2023

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

Read more
Blog image
Blog
5 Tips for Procurement Cost Savings to Know About
By: Stefan Gergely

06 December 2023

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

Read more
Blog image
Blog
5 Challenges of Procurement Data Management
By: Stefan Gergely

22 November 2023

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 […]

Read more
Blog image
Blog
How to Improve Your Procurement Data
By: Stefan Gergely

21 November 2023

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 […]

Read more
Blog image
Press Releases
Veridion Proudly Achieves International Recognition at the 2023 TITAN Innovation Awards!
By: Miriam Cihodariu

20 November 2023

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

Read more
Blog image
Blog
How to Make Your Procurement More Data-Driven
By: Stefan Gergely

19 November 2023

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 […]

Read more
Blog image
Blog
How Data Driven Procurement Mitigates Risks
By: Stefan Gergely

18 November 2023

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 […]

Read more
Blog image
Blog
5 Important Benefits of Procurement Data Management
By: Stefan Gergely

17 November 2023

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 […]

Read more
Blog image
Blog
Best Practices for Efficient Procurement Data Management
By: Stefan Gergely

16 November 2023

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 […]

Read more
Blog image
Blog
6 Innovative Ways Procurement Can Use Data
By: Stefan Gergely

15 November 2023

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 […]

Read more
Blog image
Press Releases
Veridion Recognized in ProcureTech100, the Top 100 Global Procurement Technology Companies for 2023
By: Miriam Cihodariu

13 November 2023

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

Read more
Blog image
Blog
What Is the Role of Data In Procurement?
By: Stefan Gergely

07 November 2023

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

Read more
Blog image
Blog
The Ultimate Guide to Procurement Data Management
By: Stefan Gergely

07 November 2023

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

Read more
Blog image
Blog
Making Procurement More Data Driven: 5 Questions to Ask Yourself
By: Stefan Gergely

07 November 2023

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

Read more
Blog image
Conferences
Meet Veridion at ITC Vegas USA 2023
By: Auras Tanase

26 October 2023

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 […]

Read more
Blog image
Blog
Data Driven Procurement Challenges
By: Stefan Gergely

25 October 2023

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

Read more
Blog image
Blog
Best Practices for Implementing a Data Driven Procurement Strategy
By: Stefan Gergely

25 October 2023

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

Read more
Blog image
Blog
6 Benefits of Data Driven Procurement
By: Stefan Gergely

24 October 2023

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

Read more
Blog image
Blog
The Ultimate Guide to Data Driven Procurement
By: Stefan Gergely

24 October 2023

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

Read more
Blog image
Blog
Top 6 Challenges of Procurement Automation
By: Stefan Gergely

09 October 2023

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, […]

Read more
Blog image
Blog
What Is Procurement Automation?
By: Stefan Gergely

09 October 2023

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

Read more
Blog image
Blog
Procurement Automation: 6 Processes You Should Automate
By: Stefan Gergely

06 October 2023

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, […]

Read more
Blog image
Blog
Top 10 Procurement Automation Tools You Need to Know About
By: Stefan Gergely

05 October 2023

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

Read more
Blog image
Conferences
Unlock the boundless potential of AI-collected supplier intelligence with Veridion at the DPW Conference in Amsterdam
By: Auras Tanase

03 October 2023

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 […]

Read more
Blog image
Blog
6 Key Benefits of Procurement Automation
By: Stefan Gergely

27 September 2023

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 […]

Read more
Blog image
Blog
Ultimate Guide to Procurement Automation
By: Stefan Gergely

27 September 2023

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 […]

Read more
Blog image
Conferences
Discover the Next Generation of Procurement Innovation with Veridion at ProcureCon Barcelona
By: Auras Tanase

13 September 2023

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, […]

Read more
Blog image
Opportunity
You can get an AI-powered supplier search for your sourcing needs.
By: Auras Tanase

11 September 2023

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 […]

Read more
Blog image
Blog
Leveraging Data to Navigate the Cancer Drug Shortages: Mitigating the Cisplatin and Carboplatin Crisis
By: Auras Tanase

03 August 2023

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, […]

Read more
Blog image
Blog
Leveraging Data to Overcome Semiconductor Supply Chain Shortages: Insights into Resilience
By: Auras Tanase

03 August 2023

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 […]

Read more
Blog image
Blog
Veridion anunță câștigătorii primei ediții a competiției Hacking Big Numbers dedicate tehnologiei de inteligență artificială, business data
By: Cosmin

13 July 2023

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 […]

Read more
Blog image
Blog
What you could build on top of our data at a Hackthon
By: Claudiu Dima

28 June 2023

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. […]

Read more
Blog image
Blog
Leveraging Data to Overcome Supply Chain Shortages: A Path to Resilience
By: Auras Tanase

01 June 2023

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 […]

Read more
Blog image
Conferences
Meet Veridion at Insurtech Insights USA 2023
By: Auras Tanase

01 June 2023

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 […]

Read more
Blog image
Conferences
Unlock the entire universe of potential suppliers with Veridion at Gartner Supply Chain Symposium XPO!
By: Auras Tanase

04 May 2023

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 […]

Read more
Blog image
Blog
Veridion (formerly Soleadify) drives AI revolution with $6 million funding to deepen AI comprehension of business landscape and scale out firmographic data APIs into enterprises and big data startups
By: Alin

22 February 2023

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 […]

Read more
Blog image
Blog
A deep dive into Veridion’s Complex Search API
By: Alin

09 December 2022

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 […]

Read more
Blog image
Blog
The new paradigm for B2B data – Procurement Perspective
By: Alin

25 November 2022

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 […]

Read more
Blog image
Blog
The new paradigm for B2B data – Commercial Insurance Perspective
By: Alin

25 November 2022

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 […]

Read more
Blog image
Blog
Hey, engineers! What do you actually want to know about a data company’s culture?
By: Alin

18 October 2022

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 […]

Read more
Blog image
Blog
[PRESS RELEASE] Soleadify Partners with Sapiens
By: Alin

10 August 2022

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 […]

Read more
Blog image
Blog
How Data Collaboration Can Help Build Supply Chain Resilience
By: Alin

18 July 2022

  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 […]

Read more
Blog image
Blog
6 Book Recommendations From Our Management Team
By: Alin

15 July 2022

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 […]

Read more
Blog image
Blog
Understanding SMBs digital footprint for better business underwriting
By: Alin

01 July 2022

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 […]

Read more
Blog image
Blog
Procurement: How New-Age Data Players Disrupt Supply Chain Discovery
By: Alin

16 June 2022

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 […]

Read more
Blog image
Blog
A big data company’s approach to Wheels vs Doors
By: Alin

01 April 2022

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 […]

Read more
Blog image
Blog
How B2B Forms Stain Your Data Quality
By: Alin

24 February 2022

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 […]

Read more
Blog image
Blog
Apache Log4j – Can the 8 million companies affected by this massive vulnerability impact your supply chain?
By: Alin

16 December 2021

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 […]

Read more
Blog image
Blog
Do We Trust Our Data?
By: Alin

10 February 2021

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 […]

Read more

Case Studies & Reports

Schedule a data consultation