Procurement Magazine April 2021 | Page 108

on driving ROI quickly , Tealbook provides a head start ,” says LaPierre .
Using an AI and Machine Learning technology , Tealbook crawls over 400M websites and aggregates the data onto their platform and creates what they call a dynamic universal supplier profile for every B2B company in the world . Tealbook continually gathers fragmented information from disparate and sometimes hidden sources and pulls it all together into a complete and accurate data picture .
LaPierre further explains , " Then , through APIs , we feed that data to any of the systems that our customers have invested in . By doing that , we improve the quality of the data on those systems across a hundred per cent of the suppliers , ensuring that their large software investments are successful .
“ This also leads to a more interchangeable and agile technology stack . The analogy I often give is that of losing a phone . There was a time not that long ago when you lost your phone , there was a lot of friction because all the data lived on the phone . So you lost your pictures and all your contacts . But now , if you lose your phone , all of your data remains connected to your watch , your iPad or your computer via the cloud . A phone upgrade now takes seconds . It ’ s frictionless .” Tealbook gives organisations that same sort of flexibility , so you can change or upgrade software as you wish without having to concern yourself with supplier data .
“ Ultimately , you ' re getting more out of the systems you ' ve invested in because
108 April 2021