OpenText teams with Dun & Bradstreet on supply chain analytics
OpenText is integrating the data stores of decisioning data and analytics specialist Dun & Bradstreet into its Trading Grid Global Partner Directory supplier sourcing and onboarding platform.
The integration will provide enterprises a single, centralised directory to identify reliable, financially stable trading partners and suppliers, allowing them to strengthen their supply chains to mitigate risk and prevent major disruptions in supply. Businesses will also be able to prioritise ethical, sustainable operations and good corporate governance across supply chains by sourcing trading partners emphasising these core values.
“Working with trusted suppliers to meet the highest standards of supply chain performance and corporate social responsibility has become a strategic priority for businesses today,” said Mark J. Barrenechea, OpenText CEO & CTO. “However, identifying the right business partners has also become more complex. Integrating Dun & Bradstreet’s data and insights into OpenText Trading Grid provides our customers with more effective methods of discovering, authenticating and connecting with quality trading partners.”
The Trading Grid Global Partner Directory provides access to information on hundreds of thousands of companies doing business on OpenText Trading Grid, a cross-industry community of supply chain trading partners. OpenText will integrate D-U-N-S Numbers and metadata into the Global Partner Directory to givebusinesses a more extensive source of quality corporate data to use in making more informed sourcing decisions. Participating companies will have access to Dun & Bradstreet’s Data Cloud, which contains information on more than 355 million total businesses worldwide.
The advanced data filters of the Global Partner Directory have been expanded to allow users to search for and monitor companies according to specific attributes such as financial responsibility, fulfilment of supply chainobligations, and compliance with global regulations, including those for diversity and corporate social responsibility. Geography filters help enterprises plan for political unrest and natural disasters in key markets.
“Now more than ever, companies must do business with organisations they can trust as any supply chain disruptions or ethical lapses by suppliers can have significant and long-lasting impacts on revenue, costs, client experiences and brand reputation,” said Brian Alster, general manager, third party risk & compliance for Dun & Bradstreet. “Dun & Bradstreet has a time-honoured tradition of providing our clients with accessible and actionable data and insights to help them turn uncertainty into confidence, risk into opportunityand potential into prosperity. We look forward to integrating our rich commercial data and insights into OpenText’s Trading Grid to make it easier for companies to build and maintain quality and productive supply chains.”
Once enterprises identify the right suppliers, Trading Grid facilitates rapid connections and collaboration with businesses on the network through self-service capabilities.