6 Reasons Why Supplier Vetting Is Important
By: Stefan Gergely20 November 2024
Say goodbye to overlooked suppliers, sub-optimal supply chains and missed opportunities.
Book a DemoIn organizations that still use manual research and traditional world-of-mouth or aggregator search as the basis for procurement, a procurement professional generates around 22 supplier events per work month (per 160 hours of work). This equals around 264 procurement events per procurement manager per year. And that’s the optimistic projection, based on the organizations where procurement is top-performing.
Our robust collection of data points (over 80 and expanding) and the solid mechanisms of gathering data from multiple online sources (as opposed to our competitors that use 1 or 2 sources at most) enable us to build the most comprehensive data universe to date.
Pairing a solid research software basis with Ai capabilities and continuous work by data engineers to cover and improve all areas of online data has ushered in a new era of business data coverage. Gain access to all the data you need in the same place, for the first time.
Besides our overall coverage and unparalleled accuracy, we're especially proud of our data's coverage of geographical areas which other data providers are not yet covering well, such as Asia or the Middle East.
We're grateful and proud to let you know that most of our customers arrived at Veridion after trying out at least 7 other data providers that fell short of their expectations in regards to data accuracy. Schedule a demonstration with us and see for yourself.
Good data is useless in the absence of connectivity, and that connectivity to your current business needs is achieved through granular criteria for goal-oriented responsive searches and data queries.
Our smart data algorithms, coupled with the continuous work of our data engineers, are ceaselessly working on verifying and updating the enormous collection of business data to exacting freshness standards.
Achieving true digital transformation in procurement is often synonymous with having access to a solid data foundation. It's not just about truthfulness and broadness, the data must be well structured so you can wield it effectively.
We're proud to boast that Veridion data is all but ready to become a part of complex procurement ecosystems, or to provide the building blocks to build them.
ESG-related data on public companies is easily accessible, while similar data on private companies is hard to come by. We've partnered with SASB to offer ESG classification based on their framework, with our broad data sets.
Our robust collection of data points (over 80 and expanding) and the solid mechanisms of gathering data from multiple online sources (as opposed to our competitors that use 1 or 2 sources at most) enable us to build the most comprehensive data universe to date.
Pairing a solid research software basis with Ai capabilities and continuous work by data engineers to cover and improve all areas of online data has ushered in a new era of business data coverage. Gain access to all the data you need in the same place, for the first time.
Besides our overall coverage and unparalleled accuracy, we're especially proud of our data's coverage of geographical areas which other data providers are not yet covering well, such as Asia or the Middle East.
We're grateful and proud to let you know that most of our customers arrived at Veridion after trying out at least 7 other data providers that fell short of their expectations in regards to data accuracy. Schedule a demonstration with us and see for yourself.
Good data is useless in the absence of connectivity, and that connectivity to your current business needs is achieved through granular criteria for goal-oriented responsive searches and data queries.
Our smart data algorithms, coupled with the continuous work of our data engineers, are ceaselessly working on verifying and updating the enormous collection of business data to exacting freshness standards.
Achieving true digital transformation in procurement is often synonymous with having access to a solid data foundation. It's not just about truthfulness and broadness, the data must be well structured so you can wield it effectively.
We're proud to boast that Veridion data is all but ready to become a part of complex procurement ecosystems, or to provide the building blocks to build them.
ESG-related data on public companies is easily accessible, while similar data on private companies is hard to come by. We've partnered with SASB to offer ESG classification based on their framework, with our broad data sets.
Veridion profiles any supplier and company with an active digital presence. This universe currently has over 120 Million businesses across 241 Countries.
Play around with the biggest, freshest source of truth for company data.
Find companies by name, industry, keywords, negative keywords, size, products, location and more. Untethered access to our fresh, granular company profiles.
Reach out to our team to find the best way to leverage company data at scale for your business