Basware, a procure-to-pay and e-invoicing solution, has added diversity data to its Supplier Management solution, allowing customers to identify minority-owned and small business suppliers within their base. The data is provided by Dun & Bradstreet’s Diversity Database.
“By having access to our diversity data in the Basware solution, customers can trust that they have the most complete database in the market at their fingertips,” said Lauri Mähönen, Sales Director Finland at Dun & Bradstreet Europe. “We are pleased to be a part of helping companies turn diversity data into strategic opportunities.”
The diversity indicators in Basware Supplier Management enable customers to determine the minority-owned and small business supplier status within their network, helping organizations develop and evolve their supplier diversity programs.
“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,” said Sami Peltonen, Vice President of Purchase to Pay Product Management at 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 information is uploaded for all suppliers in the Basware Supplier Management tool. Data for existing suppliers is automatically enriched when imported and is done so during the onboarding process for new suppliers. Diversity indicators can also be exported to other customer systems (ERPs) via application programming interfaces.
Basware is the only procure-to-pay and e-invoicing solution provider that empowers businesses with 100% spend visibility through 100% supplier connectivity and 100% data capture. Our cloud-based technology enables organizations to fully manage their spend, mitigate financial risk and reduce the cost of operations via automation. With the world’s largest open business network and an open technology ecosystem, we are uniquely positioned to deliver the solution required for Visible Commerce, which provides customers with complete transparency into all the flows of money, goods, and services around the world.
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