TERZO
Pulling together the spend data from multiple systems , such as ERP , finance systems and procurement platforms , Terzo provides intelligent insights to its customers . Such insights include supplier diversity spend and the amount of spend generated by individual departments or business units , to ensure that organisations stay on track and meet their budgets .
“ We are also very excited about rolling out our new ESG programme management to help organisations manage their sustainability , diversity , equity , inclusion and social goals ,” explains Card .
“ This is a new area for us that we ' re rolling out this summer , but it will complete the supplier cloud platform having contracts , spend and ESG all together in one solution .”
Terzo the future ERP for ESG Currently concentrating on the social aspect of ESG – important in light of government and investor focus on this area – Terzo helps organisations to track their tier one and two supplier diversity , to help companies reach their goal of spending more money with diverse suppliers across their ecosystem .
Looking to the future , Terzo plans to expand its ESG programme management and goal tracking to include carbon tracking and reductions . “ We plan to help organisations track their multi-year emissions reduction projects with our software , centralising all stakeholders , budgets , projects , activities , and tasks required over a given period of time to ensure the success of their reduction targets . We will allow them to manage the entire life cycle of those long-term projects ,” says Card .
TERZO AND ITS PARTNERSHIPS
At Terzo , the organisation has a handful of key partners it works with . “ We believe that partnering with great companies that are doing well in areas like risk or compliance is important to our long-term strategy of being able to centralise and aggregate data for our customers ,” explains Card .
He adds : “ It ' s all about our customers . We want to complement the existing systems they ' re using today , as well as be able to bring in as much data to the 360 dashboards for them to make their lives easier and more efficient .
“ So when we look at a partner , it ' s important to know that we have a similar enterprise customer base , but it ’ s also important that we can complement the platform and not compete , therefore providing a better user experience to the customer .”
With there being so many different solutions out there that customers are using , Card believes that it is important for Terzo to partner with other technology companies .
“ Ultimately , we want to be able to give the best experience to our customers . If these solutions do not work well together offering seamless integration , then a very complex , inefficient way of working is created ,” says Card .
“ So the number one thing we look for is complementary platforms . Platforms that can help our customers do their jobs easier by bringing data into the Terzo solution , and that is one thing that we see as being extremely important .”
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