Access to accurate and comprehensive supplier data is critical for procurement teams looking to optimize sourcing, mitigate risk, and ensure compliance.
Gaps in supplier data create blind spots that make it harder to assess risks and discover new opportunities.
Without complete and accurate information, you may be overlooking small, diverse, and sustainable suppliers who could add value to your supply chain. Supplier.io’s Data Enrichment fills these gaps, giving you a clearer, more detailed view of your supplier network so you can make informed sourcing decisions and strengthen procurement programs.
Eliminate Manual Data Management with Automated Supplier Data Enrichment
Managing supplier data manually is inefficient and often results in outdated records. Data Enrichment eliminates these inefficiencies by continuously updating your supplier records with data from 450+ trusted sources, including government agencies, corporate registrations, certification bodies, supplier registration portals and more.
You provide your supplier list, and we match it against a database of 10 million suppliers worldwide. This process enriches your records with firmographics, diversity classifications, environmental and social certifications, and other critical details. Instead of chasing down updates, you receive continuously refreshed supplier intelligence in interactive dashboards, providing key insights such as how many, and which of your suppliers are small, diverse, or sustainable and how your spend is distributed across these categories.
By automating data enrichment, you eliminate manual data management, drastically reducing the time spent on research, data entry, and certification tracking. Teams using this solution save up to 73% of their time, allowing them to focus on strategic initiatives.
Watch the Product Spotlight: Data Enrichment to see a full demo
Identify Hidden Suppliers and Expand Your Small, Diverse and Sustainable Supplier Network
Even if you think you have a complete view of your supplier base, Data Enrichment often reveals hidden suppliers and missed opportunities. Many companies analyzing their spend discover that a significant portion is already going to small, diverse, and sustainable businesses—insights they didn’t previously have. For example, a company reviewing $54 million in supplier spend might realize that $2.7 million (5%) is allocated to small, diverse, and sustainable suppliers, even though those suppliers weren’t previously classified.
With a more detailed view of total spend, you can identify supplier gaps, assess risk, and uncover new opportunities within your supply chain. Category and geographic insights offer a granular view to find suppliers that meet specific business or regional needs.
Strengthen ESG Initiatives with Sustainability Insights
If sustainability is a priority for your business, Data Enrichment helps you track and align supplier sustainability practices with ESG goals. You can see which suppliers hold key environmental and social certifications, such as B Corp, Fair Trade, and renewable energy credentials.
Additionally, through Supplier.io’s partnership with CDP, sustainability tracking is further enhanced with integrated climate change scores. With this level of insight, you can make procurement decisions that support responsible and sustainable sourcing.
Gain Deeper Insights with Supplier Profiles and Trust IQ Confidence Indicator
With detailed supplier profiles, you can drill down into each supplier’s key details, including certifications, spend allocation, and verification documents. If you need more information, you can request it directly from suppliers within the platform, streamlining collaboration and evaluation. Instead of relying on spreadsheets or outdated records, you have a centralized hub for supplier intelligence.
Another key feature is the Trust IQ Confidence Indicator, a proprietary scoring system that helps assess supplier stability and reliability. This indicator evaluates suppliers based on their experience with corporate customers, years in business, and company size.
By leveraging these insights, you can identify new opportunities with existing suppliers, strengthen partnerships, and increase engagement with those best positioned to support your needs.
Improve Procurement Efficiency and Compliance with Reliable Data
Data Enrichment helps you fill in supplier data gaps that could impact compliance and sourcing strategies. Some suppliers may lack up-to-date certifications or have expired documentation, requiring further evaluation. Others may have no sustainability credentials in place, prompting a closer review of their ESG initiatives.
With accurate spend analysis, you can identify areas where your small business or diverse supplier spend is lower than your goals and take proactive steps to address gaps. You may also discover underrepresented supplier groups, such as veteran- or women-owned businesses, and find ways to increase engagement with them.
Beyond compliance and reporting, Data Enrichment enhances procurement efficiency and decision-making. Up-to-date supplier intelligence eliminates manual tracking, keeps data current, and supports strategic sourcing. With verified supplier certifications, you can trust your data for audits, compliance, and reporting, reducing the risk of inaccuracies that could undermine your program’s credibility.
Improve Supply Chain Visibility
With a simple yet powerful process, Supplier.io’s Data Enrichment offers procurement professionals a smarter way to track, analyze, and optimize their supplier network. By enriching supplier intelligence with critical insights, procurement teams can increase small business and diversity spend, strengthen ESG initiatives, and mitigate supply chain risks.
Data Enrichment serves as a foundational solution for leveraging the full capabilities of Supplier.io’s platform, enabling deeper supplier insights to make more informed sourcing decisions, deliver accurate reporting and demonstrate your progress and impact.
Watch the Product Spotlight: Data Enrichment to see a full demo