Gainfront Supplier Diversity
Tier 1 Diversity
Manage direct and indirect spending by tying supplier diversity spending to your overall procurement process.
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What is Tier 1 Diversity and Why Do You Need It?
Tier 1 supplier diversity is a method of achieving fairness in the workplace by working with suppliers that are diverse. It’s important because it makes sure that everyone has access to the same opportunities, regardless of their race or ethnicity.
In addition, it can help businesses improve their bottom line. By working with diverse suppliers, you can access new markets and bring a greater variety of products and services to your business. This will allow you to expand your customer base and increase profits.
There are several government mandates that require corporations to meet diversity spend goals at Tier 1 and Tier 2 level.
Highly Configurable Dynamic Dashboard
Intelligent dashboard to help track in real time diverse goals by various criteria.
Why Gainfront?
Gainfront provides a fully automated Tier 1 supplier diversity spend solution that helps corporations identify and achieve their corporate spend goals.
- Tracks diversity globally
- Over 98% accuracy in data enrichment
- AL/ML driven supplier profiles enhancement to give 4 level of categorization
- Customers witnessed an increase of 22% in their diverse spend
- Helps classified suppliers get certified
- Easily identify new diverse suppliers from Gainfront’s global database – Discovery
- Benchmark status when buyers search for new suppliers for their categories
- Highly configurable to meet all business rules
- Workflow automation with team collaboration to set diversity goals
- BDR reporting guidelines with exclusion criteria to help meet BDR goals
- Automated Government solutions
- International compliant
- Annual benchmarking and Economic Impact reports
- Single platform to track both Tier 1 and Tier 2
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