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Challenge

Manual processes hinder the success of supplier diversity programs.

An apexanalytix survey in July 2024 showed that 77% of companies rely on email exchanges to collect information from suppliers. This reliance on manual processes impact supplier diversity programs since it is another manual task that the vendor management team is required to do.

The key to supporting supplier diversity programs is creating a foundation for success with technology to incorporate diversity identification and validation in a centralized supplier management program.

Solution

Ultimate Supplier Diversity Management

Diverse suppliers want to work with you, and you want to work with them. However, strenious manual processes can hinder the development of these valuable relationships.

 

apexanalytix’s comprehensive supplier management solution replaces time-consuming, error-prone manual onboarding processes with a supplier-facing portal filled with automation and configurable workflows.

 

As part of the onboarding process to collect info (tax ID, bank, insurance, etc.), suppliers can get asked about their diversity status and have their certification validated against integrated diversity data sources (SBA, SAM).

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Uncover Diverse Suppliers

  • Uncover Diverse Suppliers

  • New Supplier Discovery

  • Onboarding Diverse Suppliers

  • Diversity Spend Reporting

Uncover Diverse Suppliers

You’re already working with more diverse suppliers than you think. We can help identify hidden diverse suppliers through continuous monitoring of your vendor master and validate their diversity status against trusted data sources.

New Supplier Discovery

Need new diverse suppliers for a sourcing event? Search apex’s database of 100 million suppliers based on diversity certification, location and industry.

Onboarding Diverse Suppliers

Embed diversity into your standard onboarding process with a highly configurable self-service supplier portal.

Ask suppliers the right questions at onboarding and automatically validate the data (diversity status, tax ID/VAT, bank account, prohibited lists) before they begin doing business with your company.

Diversity Spend Reporting

Our reporting dashboards allow you and your executive team to easily view your diversity program’s performance across supplier categories.

Features

Better Together.

Uncover, validate, and integrate diverse suppliers into your procurement process. Track and optimize your diversity spend with our intuitive dashboard.

Database

Searchable Database

Discover new suppliers in apex’s database of 100M+ suppliers. Search based on diversity certification, location, and industry.

Continuous Validation

Real-time Data Validation

Automatically validate supplier diversity status against diversity data sources including U.S. goverment databases (e.g., SAM, SBA).

Suppliers

Streamline Supplier Onboarding

Enhance the verification of supplier diversity during the onboarding process by ensuring that all suppliers with a diversity status have the appropriate documentation on file.

Client Testimonial

“Our goal is to have the diversity of our workforce and our supply base mirror the communities that we serve.


One way we do that is through Independence’s supplier diversity program, which has been in place for over 30 years. By using apexanalytix, we were able to identify an additional $1 million in recurring diverse spend. Now, apexanalytix helps us confirm diversity status as suppliers are onboarded and alerts us to any change in the business.

apexanalytix is a great enhancement to our supplier diversity program. This is a platform that works for us."

Chuck Stefanosky
Supplier Diversity Director​, Independence Blue Cross
Chuck Stefanosky
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Webinar

How Independence Blue Cross Increased its Annual Spend with Diverse Suppliers to 26%

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Onboard

Faster Onboarding

Remove the collection of data via email exchanges with a supplier-facing portal.

Questionnaires

Pre-built Supplier Questionnaires

Best practice, pre-built supplier questionnaires in ethics, IT, financial standing, business continuity planning, and highly configurable templates.

Validations

Real-Time Data Validation

1000+ trusted data sources to validate tax IDs, bank account, address, prohibited/PEP lists and more.

Integration 02

Foundational Agnostic Technology

Integrate any P2P solution to simplify the admin and supplier experience.

Workflows

Customized Workflows

Ensure compliance with highly configurable workflows that can be easily updated by the P2P team.

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Single Source Of Truth

Bi-directional integration with every ERP to keep all data synced all the time.

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Ready to Roar?

Fill out our contact form and we will be in touch shortly to discuss how the apex platform can help improve your supplier diversity program.

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