Accenture True Supplier Marketplace
A single source of truth for vendor onboarding, risk assessments and data management.
A simple questionnaire that dynamically adjusts to ask only the right questions to all of your suppliers, big or small.
Suppliers have full ownership and liability for the accuracy of their data. One update is reflected across all connected buyers.
All parties access the same shared platform, creating a single view of progress and an audit trail for all updates.
Suppliers provide explicit consent for buyers to access their private data. Users can only see what’s relevant to them.
Risk assessments are built right into the form, with real time results and one location to check status and outcomes.
Seamless integrations with ERP systems and other downstream services, such as contracting and invoicing.
True Supplier Marketplace enabled by blockchain technology provides immediate results.
Average reduction in end-to-end supplier on boarding time.
Required risk assessments completed through a dynamic form.
Suppliers already live and being managed within the marketplace.
Like many global companies, Accenture does business with a high volume of suppliers. As Accenture’s businesses have become more diverse and the pace of business increases, the types of suppliers and the process complexities of these relationships has also grown. Accenture Procurement reached out to Accenture’s internal IT and Accenture Technology blockchain organizations for a solution.
Accenture buyers are able to procure resources for Accenture teams with shorter lead times and timely invoice processing and payments.