Ivalua Teams With Tealbook To Bolster Data On Suppliers

Cloud spend management company Ivalua and supplier data company Tealbook Inc. have joined forces to offer a smooth experience in connecting Ivalua’s source-to-pay infrastructure with Tealbook’s vendor intelligence infrastructure.

The relationship lets clients locate new vendors and find detailed, accurate data, such as certifications, compliance and diversity status, among other kinds of information, according to a Tuesday (Dec. 8) announcement.

“With organizations increasingly dependent on their suppliers, having easy access to accurate, actionable supplier information is critical to ensuring resilience in today’s crisis and restoring growth beyond,” Ivalua CEO David Khuat-Duy said in the announcement. “We are proud to partner with Tealbook, who offers exhaustive, reliable data on millions of suppliers.”

Clients will be able to get an “always-on” collection of quality vendor information via Tealbook, according to the announcement, which notes that they will also benefit from Tealbook’s approach to collecting and confirming data from more than 400 million websites and 600 information sources.

In addition, clients will be able to quickly find potential new vendors to meet their needs, which helps them steer clear of supply interruptions amid emergencies such as the coronavirus pandemic.

Tealbook CEO Stephany Lapierre said she is excited to roll out a formidable and productive relationship with Ivalua, as it will offer clients heightened “flexibility, agility and transparency” and gain limitless value from their vendor relationships.

“This combination creates a unique marriage of great data and software so that users will be able to use our rich supplier network to supercharge their procurement activities,” Lapierre said.

Tealbook’s unique autonomous data enrichment infrastructure proactively gathers and stores dynamic vendor data, according to the announcement.

In October, news surfaced that procurement intelligence company Beroe has collaborated with Tealbook to bolster supply chain visibility. The partnership also aims to boost suppliers’ trust in data and to help with risk assessment.