Procurement with Veridion Data

Veridion, through its advanced data analytics, revolutionizes the procurement process by providing precise and comprehensive supplier data. This approach streamlines procurement operations and enables teams to make data-driven decisions with greater confidence. Below are key use cases where Veridion adds significant value in the procurement domain:

Supplier Enrichment and Intelligence (Data & Analytics Foundation)

Application: Veridion can be integrated with MDM and SRM platforms or processes supplier lists for validation, deduplication, and enrichment with company attributes from its supplier database.

Customer Value:

• Ensures clean supplier data for accurate, complete, and timely analysis like spend analysis, supplier discovery, and risk sensing.
• Enhances confidence in analytics and decisions derived from them.
• Streamlines downstream processes by reducing inconsistencies in information.

Supplier and Product Discovery (Sourcing)

Application: Veridion conducts advanced searches to uncover products, services, and capabilities among your internal suppliers, as well as to identify and explore new external suppliers for sourcing.

Customer Value:

• Accelerates the generation of usable insights, offering access to a broad or highly specific set of suppliers.
• Covers indirect, direct, transportation, packing and raw materials sourcing
• Delivers more targeted insights through natural language keyword searches and customizable search logic.