TealBook Launches Teal iQ, a Comprehensive Supplier Data Analysis and Enrichment Solution

TealBook, a leading provider of supplier data, has announced the launch of Teal iQ. This solution assists procurement teams by assessing the state of their supplier data coverage and quality. It enables data enrichment with trusted attributes critical for business processes throughout the supplier lifecycle.

Teal iQ utilizes TealBook's Supplier Data Platform to analyze vendor master data against a database of over 13 million supplier profiles. The process involves two phases: Diagnosis and Enrichment. In the Diagnosis phase, the system identifies gaps, such as missing attributes and duplicates. The Enrichment phase matches and enhances data with additional attributes, including address and diversity certificates.

Stephany Lapierre, Founder & CEO of TealBook, emphasizes the importance of data quality for procurement teams, stating that Teal iQ provides a clear view of supplier data status and necessary steps for improvement. Key features include rapid data analysis, quality diagnosis, data enrichment, and duplicate identification.

Teal iQ offers actionable insights and recommendations, aiding procurement teams in managing their vendor master data more effectively. Organizations at any data maturity level will find valuable benefits in the comprehensive breakdown provided by this tool.