Most of us are dealing with data overload.
A recent survey from Capital One found that 76% of businesses need help understanding their data.
The solution? Supplier Data Platforms (SDPs) can help companies gather, improve, and share supplier data with current systems, ensuring accuracy and traceability. SDPs help procurement teams better understand suppliers, make smarter sourcing choices, and improve spend analysis.
With over 5 million vendor profiles and global brands onboard, TealBook is a popular choice for companies looking to support their entire procurement process. But is TealBook the best software for supplier data on the market?
Let’s take a look at five different TealBook alternatives and competitors:
- SupplierGateway
- Tipalti
- Fairmarkit
- SupplierIO
- Aravo
SupplierGateway
SupplierGateway is the global leader in supplier information management.
Initiate, track, and scale supplier diversity programs using reliable supplier data with our Supplier Diversity Management Software. Key features include:
- Spend tracking
- Analysis and reporting
- Data enrichment
- Diverse supplier search
- Supplier assessments
- Supplier onboarding and offboarding
- Economic impact insights
- Sustainability insights
Let’s cover these in more detail.
Key Features
SupplierGateway’s B2B procurement software makes tracking and reporting on different aspects of your program easy. Break down data by spend category, business type, certifications, and more. Find diverse and local suppliers through our procurement platform, set a baseline for your program, and seamlessly track your growth over time.
See your diversity spend broken down in multiple ways.
Diversity Data Enrichment offers user-friendly tools to understand the diverse demographics of your current suppliers. Just upload your supplier information and discover how many diverse companies you have in your network. This quick access to accurate supplier data helps organizations evaluate and improve their diversity and inclusion practices.
Easily pinpoint your top contributing diverse suppliers.
Our Supplier Diversity platform helps you hit your diversity, equity, and inclusion (DEI) spend targets and connect with suppliers. The intuitive search page lets you filter by certification, location, or status so you can quickly find relevant vendors in your area.
Determine if your suppliers are contributing to your environmental, social, and governance (ESG) goals with our Sustainability Assessments and Reporting. Assess suppliers across ESG, sustainability, DEI, and human rights compliance metrics. Track assessment progress directly in your dashboard.
Track suppliers’ progress on assessments.
SupplierGateway’s onboarding software streamlines the process by centralizing data. This integration ensures that information flows freely and accurately, improving overall efficiency and communication within your procurement processes. Our supplier portal integrates seamlessly with your ERP/AP system, breaking down data silos and creating transparency across all your vendor management workflows.
Categorize supplier ESG scores in an easy-to-read format.
Track and report on projects, initiatives, events, or organizations and their impact on a geographical area’s economy. Our Economic Impact insights use the US government’s RIMS II model to accurately assess your company’s impact.
We’ve also partnered with SupplyShift to bring you deep data analysis on your vendor’s ESG metrics. Get a detailed look at Sustainability Assessment outcomes and plan corrective actions to ensure compliance.
Pros
- All-in-one supplier management: find, source, onboard, assess, and track suppliers, in one simple platform.
- Extensive supplier database: we provide access to over 6 million suppliers to help you find the right vendor in an instant.
- API integrations: our platform easily integrates with all ERP/AP systems.
- Virtual payments: one-click automated virtual payments for timely payouts to suppliers and 1.5% cash back for you.
Do more with your supplier data. Schedule a demo to experience our user-friendly dashboard and learn how we enhance supplier relationships and streamline contract management with data transparency.
Pricing
SupplierGateway’s pricing plans start at $45,000/year for supplier onboarding and offboarding. The supplier diversity platform ranges from $20,500 to $25,000/year, while the corporate social responsibility (CSR) platform costs $39,000/year.
See the Platform
Not quite ready to talk to someone but want to see what SupplierGateway platform have to offer? Click on the product you’re interested in learning about and get an interactive walkthrough.
Tipalti
Tipalti is a finance automation solution offering several different tools including procurement, accounts payable, and mass payments.
Key Features
Key features of Tipalti’s procurement software include:
- Intake management
- Advanced PO approval workflows
- Supplier management
- Contract repository
- Streamline PO management
- Real-time integrations
- Spend analytics and insights
Pros
Users like the following features:
- Competitive price.
- Excellent customer support.
- Handles small manual tasks very well.
Cons
Users have shared several cons, including:
- Slow system, bugs, crashes, and errors.
- Integration can be difficult and time-consuming.
- Steep learning curve.
Pricing
Tipalti’s Starter package comes with limited features at $129/month. Premium and Elite packages are custom pricing.
Fairmarkit
Fairmarkit provides autonomous sourcing for all types of spend. The platform matches buyers with suppliers using AI and provides quotes for services.
Key Features
Fairmarkit’s key features include:
- Autonomous sourcing
- Supplier recommendations
- Integrations
- Analytics
- RFx collaboration
- Enterprise ready
Pros
Users enjoyed these features:
- Quick quotes from vendors.
- Fast implementation.
- Intuitive platform.
Cons
Users have identified several downsides:
- Lack of reporting and analysis tools.
- No dashboard to provide a comprehensive overview.
- Not enough AI components.
Pricing
Fairmarkit offers custom pricing.
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SupplierIO
SupplierIO provides tools for sustainability assessments and ESG reporting across your supply chain.
Key Features
Key features of the SupplierIO platform include:
- Comprehensive supplier diversity data
- Data enrichment
- Analytics and reporting
- Supplier sourcing, registration, and benchmarking
Pros
Users have found several advantages:
- Streamlined simple platform.
- Wide range of ESG assessments.
- Friendly support team.
Cons
Users have found several disadvantages:
- Implementation can be hit or miss.
- Lack of AI components.
- Non-transparent pricing structure.
Pricing
SupplierIO allows you to process 1,000 records for a flat fee of $1,500. Additional records (up to 2,000) are $1.50/record. Other tools may come at an additional cost.
Aravo
Aravo is a third-party management system that creates databases of supplier information and identifies risks across your supply chain.
Key Features
Key features of the platform include:
- Third-party risk management
- Compliance tools
- Financial services risk assessments
- Performance management
Pros
Users have found several upsides to the platform, including:
- Customizable workflows.
- Quick implementation and integration.
- Excellent support team.
Cons
Some users report the following disadvantages:
- High pricing model and expensive licenses.
- Automatic system logoff when device idles.
- Confusing and outdated user interface.
Pricing
Aravo offers a quote-based pricing model.
Does Your Team Need a TealBook Alternative?
SupplierGateway is your comprehensive source for supplier data management. We make connecting with certified local suppliers simple — and tracking and reporting on spend even easier.
All the tools you need, in one intuitive dashboard, made for everyone from small businesses to enterprises.
Find Out More
See our platform in action and learn why SupplierGateway is one of your top TealBook alternatives.