Combining Big Data with AI-Powered Supplier Intelligence and Discovery Solutions
JOINT PRESS RELEASE
CHICAGO, IL & BERLIN, GERMANY – July 20, 2022 – supplier.io, the leading SaaS provider of supplier diversity management, and Scoutbee, a global SaaS company providing a Big Data and AI-powered Supplier Data Foundation, today announced a strategic partnership.
This new partnership aims to accelerate the wide-scale search and usage of supplier diversity statistics and brings additional value for companies across industries such as automotive, fast-moving consumer goods, industrial manufacturing, energy and utilities that are tracking supplier diversity within their supply chain.
supplier.io has an extensive track record in developing supplier diversity solutions that support a more sustainable future. It is a global leader in supplier diversity solutions for over 20 years serving enterprise businesses with a comprehensive suite of data, software, and services to manage and grow supplier diversity programs.
“We are excited to partner with Scoutbee to help us further our mission of helping companies grow, manage, and optimize supplier diversity programs. Supplier diversity is not only the right thing to do, it’s a smart business strategy that drives innovation, helps local businesses grow and contributes to the success of local communities. This strategic partnership is going to extend our capabilities to leverage AI technology to scale and expand the adoption of supplier diversity faster.” said Aylin Basom, CEO of supplier.io.
The partnership means Scoutbee customers can enrich their suppliers’ database by adding diversity supplier data from supplier.io. Scoutbee’s Supplier Intelligence and Supplier Discovery solutions empower procurement teams to proactively optimize their supply base by using comprehensive data, such as diversity, to manage existing suppliers as well as to identify, onboard and collaborate with new suppliers.
“We are thrilled about our collaboration with supplier.io.” said Gregor Stühler, Scoutbee Co-founder and CEO. “As organizations strive to grow their supplier diversity programs, supplier.io provides state-of-the-art solutions for procurement leaders to find and engage diverse businesses across many industries. Over 30% of Fortune’s 500 already use supplier.io to ensure diverse and equitable spend across their supplier portfolio. Supplier.io’s knowledge, experience and global network will be invaluable as we work together to advance the adoption of solutions that thoroughly help procurement teams to expand their diversity initiatives.”
supplier.io is the leading SaaS provider of solutions that enable companies to manage, optimize, and scale their supplier diversity programs. Working as a trusted advisor to the Supplier Diversity community, supplier.io’s mission is to support every program by providing innovative and superior end-to-end Supplier Diversity solutions. Equipped with unparalleled data intelligence, superior technology and expert guidance, supplier.io’s customers can establish and advance their supplier diversity initiatives effectively and strategically. For more information, visit www.supplier.io.
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Powered by AI and Big Data, Scoutbee enables faster end-to-end strategic sourcing processes with up to 90% less effort versus traditional methods. By providing comprehensive and dynamic supplier data, Scoutbee facilitates proactive sourcing decisions that strengthen supply chain resilience, improve sustainability, drive innovation, reduce time to market, and increase diversity. Scoutbee is trusted by industry leaders within automotive, fast-moving consumer goods, energy and utilities, and off-road vehicles. Having won many prestigious awards, including Gartner’s “Cool Vendor”, Spend Matters’ “50 Vendors to Watch”, and Unilever’s 2022 “Partner with Purpose”, Scoutbee is a recognized leader in AI-driven procurement technology. Backed by HV Capital (formerly HV Holtzbrinck Ventures), 42cap, Toba Capital, Atomico, Lakestar, and Next47, Scoutbee has raised $76m in funding to date. For more details, visit the website and follow us on LinkedIn, Twitter, Facebook, and Youtube.
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