SupplierGATEWAY Introduces QuickConnect Matchmaker: Streamline Communications During Supplier Discovery
QuickConnect MatchMaker is a new powerful feature of the SupplierGATEWAY Sourcing App that enables you to quickly and conveniently source and then schedule web meetings, conference calls, or in-person meetings with potential suppliers.
We took everything that made our tools great and brought it to the next level. As a buyer, sometimes the best way to size up a prospective supplier is through a traditional meeting – but that’s a bit more challenging now when the modern world has changed how we work.
The technology to conduct web meetings is available and widely accepted. But how do you source and find companies that provide a particular service, then coordinate online meetings with 10 different prospects from 8 different time zones, and also stay on track with all the other tasks you do? Easy. Use the QuickConnect Matchmaker!
QuickConnect Matchmaker helps you get things done with tools in these key areas:
Posting to a global network to find the type of suppliers you seek.
Screen and filter and decide who you would like to meet with.
Make your specified meeting schedule available only to the companies selected by you and let them pick the date and time based on your availability. The meetings can be all on the same day, over a series of days, weeks or even months.
The challenge of sourcing, screening, scheduling and tracking is now made easy. No more time wasted notifying each supplier of a new opportunity and sending emails back and forth. For those of you with Supplier Diversity and Inclusion goals, QuickConnect Matchmaker automatically tracks suppliers’ location and demographics, making it easy to document evidence of best efforts by including local small and diverse suppliers in sourcing activity. There is a dashboard to highlight your success in fostering supplier engagement as part of your program. You can even extend this capability to your prime suppliers and multiply your impact!
Using the QuickConnect Matchmaker
QuickConnect Matchmaker represents the digital, more efficient version of what you have been doing as a sourcing professional. The system helps you with finding and screening sources, then coordinating, meeting and documenting your best efforts, automatically and easily.
How To Find Your Next Great Supplier – Fast!
Your only job is to fill out a short posting form in SupplierGATEWAY with all information that suppliers need to know about the opportunity. You can even narrow down the list of specific business categories, saved supplier lists or regions you would like to work with. We automatically send out mobile push and email notifications to your lists, filter preferences or the entire SupplierGATEWAY network.
Being Responsive – The Mark Of a Great Buyer!
It’s a good practice to let suppliers know quickly if they have “made the cut” or not. Yet, so often it doesn’t quite work out that way – why? Because it’s not as easy as it sounds! Everybody is busy, and follow-up takes time, so we fixed that for you. Screen suppliers who respond, tag them as “yes” or “no”, and then push a button. This Is the easiest and most efficient way to make sure you can be responsive, courteous, and let suppliers know if they have an opportunity to meet with you.
Time Schedule Conflicts? Don’t Worry! We’ve Got You!
As a buyer, you can choose your best time to set up meetings with selected suppliers. The options of meeting time, length, time break between sessions are all available on QuickConnect MatchMaker. Also, suppliers get to choose from the available time slots directly from their account without any time-consuming back and forth coordination and with built-in security.
We Don’t Forget How Supplier Diversity Can Create A Positive Impact
Each business has its own supplier diversity and local inclusion program. We track the demographics of each opportunity to ensure you have reliable data to support evidence of your best efforts based on your goals and objectives.
Getting Started
We’ve taken care of the hardest parts; now it’s time for you to enjoy this powerful, yet simple SupplierGATEWAY feature! You can get started now by activating the Sourcing App or you can contact us if you have any questions, we’re excited to tell you more!
BluePenguin Partners with SupplierGATEWAY
Atlanta, GA – BluePenguin and SupplierGATEWAY have entered into a strategic partnership combining BluePenguin’s leading Virtual Commercial Card Issuing platform, Aurora, with SupplierGATEWAY’s industry leading cloud-based supplier management platform.
The partnership brings together deep skills and expertise in business services technology development and deployment, vertical specific product creation and financial services to enterprise and SMB’s across all industries.
“We are excited that SupplierGATEWAY can bring cost savings, efficiency and security to our clients payment transactions through this partnership with BluePenguin, especially in these trying times,” said Ade Solaru, Chief Executive Officer at SupplierGATEWAY. “Under normal circumstances, the opportunity to return cash back to the business while streamlining tasks and enhancing security are value enough. In the current situation, it takes on even greater importance as companies fight for their very existence. We are glad that we can play a small part in creating a viable way for companies to stay in the game and create a positive impact for their employees and the economy overall.” Ade further stated, “we evaluated several firms before choosing BluePenguin, the selection of BluePenguin was a no-brainer as they provided technical superiority, a far better approach to partnerships and an extremely compelling business model for us.”
“The BluePenguin-SupplierGATEWAY partnership is a powerful combination. SupplierGATEWAY’s understanding of the complexities of a digital buyer-supplier relationship and their laser focus on delivering a robust solution allows for a seamless and immediate delivery of BluePenguin’s virtual commercial card issuing options to their extensive list of both buyers and suppliers,” said Tom McHugh, BluePenguin’s Chief Revenue Officer. “The possibilities are endless, and we have already begun co-developing our next game changer!”
McHugh further stated, “SupplierGATEWAY is an ideal relationship for BluePenguin. They have valuable relationships with tens of thousands of customers, they deliver a last mile service offering to these customers at an extremely competitive price and convenience that adds many points of value, and they do so through cloud-based software and technologies, we are thrilled to see SupplierGATEWAY embed our technologies in their service offerings”.
About BluePenguin
BluePenguin launched in 2018 with the goal to democratize virtual commercial card issuing in the massive B2B accounts payable market, which has historically been dominated by legacy systems that are difficult to integrate and slow to adapt. Thanks to BluePenguin’s agile and proprietary Aurora platform, the company is bringing the power of B2B virtual card issuing to underserved customers through their own technologies and trusted business relationships. BluePenguin is located in Alpharetta, Georgia.
SupplierGATEWAY is a leading cloud-based supplier management platform, which automates and simplifies vendor management. SupplierGATEWAY apps are optimized to automate onboarding and compliance, streamline procurement processes and increase the security and integrity of supplier management data, reducing costs by up to 90%. The apps can be deployed individually or in any combination, and easily integrated with existing AP/ERP infrastructure. SupplierGATEWAY has powered global supply management environments across multiple industries since 1997, supporting billions of dollars in purchase transactions and hundreds of thousands of active suppliers. SupplierGATEWAY is located in Santa Ana, California.
Never Take Economic Impact Reporting Lightly – It Could Cost You Business
Diversity initiatives have been at the top of many companies’ must-do list. While it’s widely accepted as a “good thing to do”, a commitment to diversity and inclusion practices actually benefits your business in more ways than you can imagine.
Economic Impact, as defined, is a compilation of the direct impact, the indirect impact, and the induced impact generated in the economy. It measures the dollar value of spending all tiers of the supply chain. Economic Impact Reporting is a great tool to ensure your diversity spend is aligned with your company’s goal. Though the purpose varies between corporations, these metrics and their benefits are plenty. For example, many companies publish their reports to public sector stakeholders to show how well a company manages its diverse suppliers’ demographic and optimizes its supplier spend. Some others use it to evaluate their corporate socio-economic impact bottom line internally and then strategically redesign their processes for the desired effect.
According to the Citi GPS report, if the racial inequality gaps were closed today, $5 trillion of additional GDP would be added over the next five years. In other words, there would be around 0.35 percentage points added to U.S. GDP growth per year and 0.09 percentage point added to the global growth per year.
This report has revealed the ugly face (but truth) regarding longstanding systemic, societal racism and discrimination against minority groups as well as mentioned the key opportunities and challenges in the 21st century.
By using our on-demand Economic Impact Report capability in the SupplierGATEWAY, you can get a big picture of all of your diverse suppliers’ data, including what business category creates the most impact, what geographic regions are being impacted the most, how many jobs your inclusive behavior is supporting. Our system leverages the BEA RIMS II model to analyze and summarize the economic impact of your spend in a comprehensive and user-friendly dashboard.
With so much at stake, we couldn’t emphasize more how seriously businesses should take supplier diversity. Inclusive procurement practices provide an opportunity for local businesses, which in turn encourages employment advancement for minority, women, LGBT, disabled, and veteran-owned businesses. You benefit not only from creating a distinct competitive advantage for your business but also by positively impacting your community.
Want to fully understand your economic impact for any given project? Schedule a demo and see our Economic Impact Reporting App in action!
SupplierGATEWAY partners with BluePenguin to launch SGPay Virtual Payment
Earn 1.25% cash back or more from your account payables (AP), and make efficiency profitable.
SupplierGATEWAY has released a new robust and versatile virtual payment feature called SGPay. With SGPay, your payments generate 1.25% or more cashback starting from the very first transaction! Instead of using costly and inefficient traditional payments, virtual payment solutions provide added security, time-savings, and are easy to use.
SGPay is the powerful result of a collaboration between SupplierGATEWAY and BluePenguin, a leading virtual commercial card issuing platform. This partnership provides digital payment solutions that improve AP processes, benefiting both buyers and suppliers in automating their payments system and making it easier to pay suppliers early or on-time. With SGPay, automated AP solutions, you can eliminate the headaches that go along with traditional payments and immediately enjoy the added benefits of virtual payments, especially cash back on every transaction.
Virtual payment has steadily become one of the most flexible electronic payment methods available, especially in the business-to-business (B2B) ecosystem. According to the PYMNTS report (2019), 46.4 percent of AP professionals prefer implementing electronic invoice solutions, and 22,9 percent would like to integrate ePayables with virtual cards into their B2B operations.
“We are excited that SupplierGATEWAY can bring cost savings, efficiency and security to our clients’ payment transactions through this partnership with BluePenguin, especially in these trying times,” said Ade Solaru, Chief Executive Officer at SupplierGATEWAY. “Under normal circumstances, the opportunity to return cash back to the business while streamlining tasks and enhancing security are valuable enough. In the current situation, it takes on even greater importance as companies fight for their very existence. We are glad that we can play a small part in creating a viable way for companies to stay in the game and create a positive impact on their employees and the economy overall.”
Benefits of using SGPay virtual cards:
1.25%+ Cashback
No Fees
Reduced Fraud
Automated Payables Processes, Fewer Errors
Extra Security
Lower Invoice Processing Costs
No More Lost Checks in the mail
Diversity Data Enrichment for your Supplier Diversity Program
The modern supply chain increases the importance of supplier diversity in every business. More and more organizations have committed to creating and maintaining diverse groups in their procurement plans.
Tracking and maintaining accurate supplier information is one of the biggest challenges that organizations are facing. When it comes to demographic data that supports supplier diversity, the difficulty of the task is more acute as it often involves data that is not easily obtained or organized. More often than not, a large number of suppliers’ data needs to be “scrubbed”, to unearth critical demographic data, and everyone is concerned about the accuracy of information.
While this challenge is not new, our digital response most certainly is. As a leading cloud-based supplier management platform, our ultimate goal is to provide services that make it easier to do business. In this case, SupplierGATEWAY’s Diversity Data Enrichment application follows our philosophy of convenience, cost competitiveness and simplicity.
SupplierGATEWAY Diversity Data Enrichment provides organizations with easy to use self-service tools to provide a base understanding of the diverse demographics and data about their current suppliers. Being able to quickly obtain accurate data about suppliers enables organizations to evaluate their diversity and inclusion practices and make strategic adjustments to achieve their goals.
By choosing SupplierGATEWAY’s Data Enrichment, you will efficiently and quickly identify diverse companies with short turnaround times. You also have an option to upgrade to our comprehensive Tier 1 Diversity reporting tools, which analyze, and track your supplier diversity spend.
Here is what you will receive in the package:
Have full control to run scrubs and refreshes at any time
Uncover diversity classification in your supply base
Show what diversity certifications that your suppliers hold
Output graphical and detail result summaries
Use the Diversity Confidence Index to align with your criteria
Your supplier records are bounced against 150+ different data sources to reveal diversity attribute data
For more information about Diversity Data Enrichment, please visit our website.
Taking the pain out of managing your Tier-2 program
Do you currently have Tier-2 Program software in place, yet somehow are still doing manual work to track additional reporting requirements?
Diversity compliance reporting has always been a challenge – requiring organizations to keep track of supplier participation, and the completeness and accuracy of supplier reports. As though that wasn’t enough, there are always deadlines to meet and following up with a large group of suppliers can sometimes feel like herding cats!
The good news is an instant-on solution that can help take the pain out of Tier-2 and give you back the time you need to truly manage and influence your suppliers. Here are just a few of the system capabilities to make your reporting challenge easier
Multiple reminders and alerts to reporting Primes.
Enforcement of rules to identify auditable direct spend
Collection of contract counts by supplier
Automated checks to prevent errors
Performance dashboard to monitor submissions
On demand download including all the data needed for reporting
Available Concierge Service to follow up for you!
And we’re not done yet – soon you will be able to take advantage of our built in benchmarking to compare your Diversity Return On Investment (DROI) with your peers, and even collect the qualitative best efforts data that you need to get a full picture of how your Prime suppliers are supporting your Diversity initiatives.
Amazon Business and SupplierGATEWAY collaborate to increase opportunities for diverse, local and small businesses
Diverse, local and small suppliers now have greater exposure to Buyers on Amazon Business and SupplierGATEWAY through the Amazon Business Reporting App, a seamless automated integration between Amazon Business and SupplierGATEWAY’s diversity reporting and supplier management platform.
The Amazon Business Reporting App enables buyers to search for diverse, local and small suppliers in SupplierGATEWAY. Registering and identifying as an Amazon Seller in SupplierGATEWAY is free of charge and automatically connects your searchable profile to your Amazon store.
Amazon Business is a global marketplace that provides a launchpad for small, diverse and local businesses wishing to grow their business. SupplierGATEWAY is a digital diversity and Supplier Management platform that enables companies to achieve significant efficiencies and cost savings in their Supplier Engagement, Procurement, Diversity and Inclusion efforts.
Join us for a webinar on September 30th, 12:00pm CST or October 1st, 12:00pm CST
Interested in learning how to increase your product sales online? Want to reach more clients looking for local and diverse suppliers? Learn how to grow your business. Get Started – it’s Free
How to grow sales using your SupplierGATEWAY profile and Amazon Business
Amazon Business and SupplierGATEWAY Launch Amazon Business Reporting Application to Support Diverse and Local Communities
The Amazon Business Reporting Application is a seamless automated integration between Amazon Business and SupplierGATEWAY’s diversity reporting and supplier management platform to enable buyers to track and monitor their corporate impact on local and diverse supplier communities. Buyers can now simultaneously leverage Amazon’s global marketplace pricing and fulfillment advantage, while enhancing their corporate responsibility outreach to local and diverse suppliers.
Any organization with an Amazon Business account can immediately and easily activate the Amazon Business Reporting Application in SupplierGATEWAY free for 6 months and take advantage of the simple but powerful tools to help manage inclusion efforts. For organizations desiring a broader view of their initiatives, a simple upgrade of the tools can be used to understand all buying activity from Amazon and other sources.
Amazon Business is a global marketplace that provides a launchpad for small businesses. SupplierGATEWAY is a digital Diversity and Supplier Management platform that enables companies to achieve significant efficiencies and cost savings in their Supplier Engagement, Procurement, Diversity and Inclusion efforts.
No matter the size of your business, one-click activation of the Amazon Business Reporting App in SupplierGATEWAY enables you to impact your bottom line while making positive economic contributions to your community’s growth and development.
For more information about The Amazon Business Reporting Application in SupplierGATEWAY or to get started today, please visit our website.
Join us for a webinar on September 30th, 2:00pm CST
Interested in leveraging Amazon’s global marketplace to enhance your local and diverse supplier outreach? Learn how to use the Amazon Business Reporting app in SupplierGATEWAY. Get Started Free for 6-months.
Why Amazon Business and SupplierGATEWAY?
How to activate your Amazon Business Reporting app
How to use your Amazon Business account to impact your local community
Why Amazon Business and SupplierGATEWAY?
Get a more complete view of your diversity and local spend
Streamlined Supplier Sourcing, Enhanced Onboarding, and Tier-2 Improvements
Increased Efficiency in Supplier Onboarding Workflows
To get the maximum benefit of our workflow tools, we have enhanced the options for managing incoming requests. By using the new reassignment option, misrouted or misclassified applications requests can quickly be routed to the correct buyer, securely but with the same auditable trail that characterizes the rest of the workflow. This enhancement reduces delays, optimizes the critical knowledge that buyers often have about internal business processes, and ensures that your processes are fully optimized, even when unplanned events such as misclassification occurs.
Streamlined Supplier Sourcing
The current social and economic climate has made competitive pricing and inclusive sourcing a must for organizations looking to succeed in the “new normal”. However, this new reality threatens to impact processes and create bottlenecks as buyers struggle to identify sources, then obtain competitive pricing, all in a short time and with limited resources. Our newest upgrade to opportunity posting tool has seamlessly integrated sourcing capability with the powerful bid tools. This system enhancement further streamlines the supplier sourcing process by eliminating the gap between posting and bid activities, and the transition from identifying sources to securing actionable pricing and proposals can be reduced from tedious and challenging tasks over several weeks to simple easy steps that can be completed in just minutes.
Enhanced Tier-2 Diversity Reporting
Better for Primes We have implemented important updates to our Tier-2 reporting tools to make it easier for Primes with a large number of suppliers to report their Tier-2 spend. The new updates feature the convenience of a downloadable worksheet with diverse suppliers already populated so that Primes can simply enter Tier-2 spend dollars, and upload back into the system to meet reporting requirements.
Better for Buyers In response to a popular request by organizations that track Tier-2 spend using supplier classifications, this month’s release includes updates to the reporting dashboard to analyze and identify Tier-2 spend by Prime supplier category. This important change will make it possible for programs to quickly understand which types of suppliers are driving the most inclusion and impact at the 2nd tier levels and gives program managers an additional tool to refine their efforts.
Logistics Plus Joins SupplierGATEWAY
SupplierGATEWAY is always excited to welcome new clients to the network. Logistics Plus has recently taken advantage of the SupplierGATEWAY platform to streamline their supplier enablement, compliance, procurement and CSR practices.
Logistics Plus (LP) is a leading worldwide provider of transportation, warehousing, fulfillment, global logistics, business intelligence, technology, and supply chain solutions.
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