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ProcureCon Indirect East 2022.pdf
- 1. The Trusted Source for Supplier Data™ | Copyright © 2022 TealBook, Inc. All rights reserved.
The Supplier Data Platform (SDP) that
Unifies Supplier Data to Power the
End-to-end Procurement Lifecycle
- 2. The Trusted Source for Supplier Data™ | Copyright © 2022 TealBook, Inc. All rights reserved.
The Big Data Challenge:
How a Data Foundation
Enables Digital Procurement
Success Stephany Lapierre
Founder & CEO, TealBook
William Bagley
VP, Enterprise Supply
Chain, Freddie Mac
- 3. The Trusted Source for Supplier Data™ | Copyright © 2022 TealBook, Inc. All rights reserved.
“The supplier base is the biggest untapped asset, if
optimized properly, can deliver hundreds of millions
of dollars in value, provided that supplier data is agile
and available across systems and people.”
Stephany Lapierre, Founder & CEO
- 4. The Trusted Source for Supplier Data™ | Copyright © 2022 TealBook, Inc. All rights reserved.
How did we get here?
- 5. The Trusted Source for Supplier Data™ | Copyright © 2022 TealBook, Inc. All rights reserved.
THE PAIN
Burden on the Buyer: maintaining accurate and current supplier profile information over time across multiple systems in the enterprise
Supplier
Profiles
Supplier
portal
Supplier
portal
Supplier
portal
Supplier
Profiles
Supplier
Profiles
Supplier
Profiles
Supplier
Profiles
(Instance 1)
Supplier
portal
Supplier
portal
Supplier
portal
10,000+ more
suppliers
Supplier
Profiles
Disparate systems that
don’t connect to each other
Costly service/professional fees paid to
maintain data manually / other sources
One-time enrichment of data typically sent
to low cost countries with terrible accuracy
One-time
...
One-time
Maintain
(Instance 2)
Buyers
Suppliers Maintain
- 6. The Trusted Source for Supplier Data™ | Copyright © 2022 TealBook, Inc. All rights reserved.
6
6
The Future State Technology Architecture
Kearney
UX
Integration Layer
Intelligence
Data Foundation
- 7. The Trusted Source for Supplier Data™ | Copyright © 2022 TealBook, Inc. All rights reserved.
7
SECURITY
.
Universal
Supplier
Profile &
TealBook ID
Business
Rules
Standard
Integrations
TEALBOOK DATA PACKAGES
Firmographic
Contact
Certification Financial
Risk Classification
Customer
Vendor
&
Spend
Data
Strategic
Data
Partners
S2P
&
ERP
Integrations
Unstructured
Public
Information
Structured
Public
Information
Discovery
TEALBOOK APPLICATIONS
ESG
Reporting Intelligent Insights
Diversity Tier 2
Transform Verify
Match Enrich
BETTER
BUSINESS
OUTCOMES
COST
SAVINGS
–
TRANSFORMATION
–
SRM
–
RISK
-
SOURCING
-
ESG
LOCATION
Routing &
Workflow
APIs
TEALBOOK
STANDARD
APIs
&
INTEGRATIONS
7
TealBook Supplier Data Platform
- 8. The Trusted Source for Supplier Data™ | Copyright © 2022 TealBook, Inc. All rights reserved.
William Bagley
VP, Enterprise Supply Chain
Freddie Mac
William leads a highly effective procurement team that unlocks
value from our supply network to enable growth, innovation and an
exceptional customer experience while mitigating third-party risk.
Mr. Bagley has more than two decades experience in supply chain
management.
- 9. The Trusted Source for Supplier Data™ | Copyright © 2022 TealBook, Inc. All rights reserved.
Starting with Supplier Diversity was the launch pad for building our data foundation
● When technology takes over, people can dedicate their time and energy to other
projects across the organization
● Ability to discover new suppliers to advance innovation
● Accurate, reliable and trusted data makes the difference in reporting
● Freddie Mac’s expansion of supplier diversity and measurement has been felt
throughout the RFP process
● Built a best-in-class Supplier Diversity Program, expanded to include Tier 2, now
building our data foundation
Freddie Mac
Starting with Supplier Diversity
- 11. The Trusted Source for Supplier Data™ | Copyright © 2022 TealBook, Inc. All rights reserved.
Current Challenges
● Lot of manual processes and redundancies between systems
● Migrating to new cloud based solution for Strategic Supplier Sourcing, will become the vendor master
● Early engagement with the business orgs to ensure strategic source conversations
● Easier to continue with existing suppliers than find new ones
● No process or tool that can manage and evaluate supplier performance
● Have to wait until we are told by the supplier of any changes; ie. certification expiration or additions, company acquisitions,
location moves, etc.
Freddie Mac
Building a Data Foundation with TealBook
- 12. The Trusted Source for Supplier Data™ | Copyright © 2022 TealBook, Inc. All rights reserved.
Data Foundation Journey
● We are starting with trusted data first!
● Ensure existing data is enriched before it is migrated to new cloud based solution for strategic sourcing
● Enrichment and Supplier Discovery integration with new solution to ensure data stays clean and simplify supplier
discovery
● Enhance your internal data marts with the TealBook trusted supplier data for better reporting & insights
● Automated Alerting for key supplier attribute changes
Freddie Mac
Building a Data Foundation with TealBook
- 13. The Trusted Source for Supplier Data™ | Copyright © 2022 TealBook, Inc. All rights reserved.
“Freddie Mac is about to go through a major system change, where our Vendor Master data lives
today, to a cloud based solution for Strategic Sourcing and new Vendor Master data location.
As we start fresh with a new system, we need to assure it is seeded with a clean slate of trusted
data as the foundation. TealBook will help us assure that happens by taking our current master
data, processing it through the updated intelligent platform, giving us trust score workflow
options for selective integration. Once we move to our future solution and the TealBook
integration is complete, we can be assured that our data will start clean, stay clean and be
enriched with additional data attributes over time.”
Freddie Mac
Building a Data Foundation with TealBook
William Bagley
Vice President, Enterprise Supply Chain
- 14. The Trusted Source for Supplier Data™ | Copyright © 2022 TealBook, Inc. All rights reserved.
14
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