The data-based selection process recognized TealBook as a best-in-class provider in the procurement and supply chain market.
TORONTO — October 17, 2022 — TealBook, the leading Supplier Data Platform (SDP) provider, has been recognized in Spend Matters’ 2022 50 Providers to Know list. The list identifies top companies in the procurement and supply chain industry based on innovation, market presence, tech competency and solution delivery.
This is the second consecutive year that Spend Matters has selected TealBook as a provider to know. Before 2021, the company received multiple placements on the Spend Matters 50 to Watch list. The consecutive recognition cements TealBook’s dedication to providing improved functionality, actionable insights and comprehensive supplier data.
“TealBook’s Supplier Data Platform has trusted supplier data that powers your end-to-end procurement lifecycle, and it’s backed by a team with unrivaled domain expertise,” said Stephany Lapierre, Founder and CEO of TealBook. “Our data is continuously enriched and autonomously refreshed across key attributes required by procurement teams to successfully drive business outcomes. This acknowledgment from Spend Matters recognizes the achievements we’ve made, which we plan to build on in 2023.”
Companies that place on the 50 Providers to Know list are determined by the Spend Matters analyst team and represent the best of commercial providers that serve enterprise-level procurement organizations. Criteria for inclusion range from the provision of best-in-class services like customer proof points to market intelligence. The selection process is entirely data-based.
“This year’s lists advance our methodology further, adding new criteria around mindshare in the market, expanded customer reference requirements and introducing new inclusion criteria to ensure the vendors on these lists are continuously earning the right for a seat at your negotiating table,” said Nick Heinzmann, VP of Research at Spend Matters. “In a market ripe with consolidation plays, plenty of new startups and big entrances from established (non-procurement) players, you need a data-based guide on where to focus your attention.”
This announcement comes on the heels of Gartner’s Hype Cycle for Procurement and Sourcing Solutions, in which TealBook was named a Sample Vendor for both the Supplier Discovery and Supplier Diversity Solutions categories.
To learn more about TealBook and their product offerings, please visit tealbook.com.
TealBook is the leading supplier data platform that automates the collection, enrichment and distribution of supplier data to power the end-to-end procurement lifecycle. Using AI and ML, TealBook enables procurement teams to unlock and realize the investment made in suppliers, people, source-to-pay and ERP systems. The world’s most innovative procurement organizations are building their data foundations with TealBook’s trusted supplier data.
TealBook has been adopted by Fortune 100 companies and is the winner of many prestigious awards including: Spend Matters 50 Vendors to Know, ProcureTech Top 100, LinkedIn Top Startups, and Gartner Cool Vendor. For more information, visit www.tealbook.com.