Basware has added diversity data to its supplier management solution, enabling customers to better identify minority-owned and small business suppliers within the program. The data is provided by Dun & Bradstreet’s Diversity Database.
With the software, customers can quickly find minority-owned and small businesses within their network, helping organizations develop and evolve their supplier diversity programs. Data for existing suppliers is automatically updated when imported, and new suppliers will have the data included during the onboarding process. In addition, diversity indicators can be exported to other customer systems through its application programming interfaces.
“The genesis of this integration with Dun & Bradstreet was our commitment to add another lens of visibility for our customers as we see more and more placing an emphasis on supplier diversity, which we applaud,” states Sami Peltonen, Vice President of Purchase to Pay Product Management, Basware. “Visible Commerce, or a state where transparency and data lead to more effective and ethical decision making, is the cornerstone of our solutions and this enhancement does just that.”
- Diversity is not only a value and ethical expectation held by many companies, but also an economic driver, which leads to increased profits and innovation.
- Diversity information is uploaded for all suppliers in the Basware Supplier Management tool.