A supplier diversity program is a proactive, inclusive procurement practice that encourages the purchasing of goods and services from businesses that are at least 51% owned and operated by a traditionally underrepresented or underserved group. This often includes minority-owned business enterprises (MBEs), small business enterprises (SBEs), women-owned enterprises (WBEs), veteran-owned small businesses (VOSB), and many more.

Organizations and companies have supplier diversity programs to level the playing field and widen the pool of suppliers while making a positive economic impact in their local communities. In addition, these programs help organizations to reach their DBE or other supplier diversity goals, often based on disparity study data, by tracking contract compliance.

Supplier diversity management software provides comprehensive functionality to support supplier diversity programs and makes finding certified vendors a breeze! It streamlines processes with multitier tracking and reporting, driving accountability and improving data integrity. A comprehensive system will produce detailed reports with the click of a button, seamlessly manage complex compliance and regulatory requirements, creates efficiency, and ultimately helps organizations achieve supplier diversity goals instead of chasing paper.

Supplier diversity management software works, and B2Gnow clients often see a time savings increase of 60-80% on administrative and clerical activities. More importantly, the efficiencies gained from supplier diversity software result in better data, greater visibility and reporting, and more small and diverse suppliers competing for and winning business.

Organizations should consider supplier diversity management software if a significant amount of time is spent on manual processes, data integrity is questionable, reports are painstakingly challenging to create, contract compliance is critical, and teams are running in circles with multi-system chaos and spending way too many hours sifting through various sources of certified directories. Moreover, organizations need supplier diversity management software if they have important community and supplier diversity goals to meet but no time to waste with questionable data and tedious processes.

B2Gnow is the leading provider of supplier diversity and spend tracking programs for more than 400 state, local, corporate and educational organizations. The B2Gnow supplier diversity solution provides end-to-end management of supplier diversity and spend tracking programs detailed spend analysis of all procurement and vendor spend, and seamlessly manages and automates the diversity certification processes. The 100% web-based, modular platform addresses every aspect of the vendor/supplier management and diversity compliance spectrum.

B2Gnow supplier diversity management software is an enterprise-class, multi-module, SaaS system used by more than 400 state, local, corporate and educational organizations. One million users regularly access the system to register, prequalify, submit compliance/payment/sales reports, manage grants, review bid solicitations, and manage workforce/EEO data. 25 modules provide a cost-effective and flexible solution, with a focus on vendor self-responsibility to manage and report their data, substantially reducing administrative effort and often resulting in 60-80% time savings. Our unmatched customer base includes airports, housing authorities, cities, counties, states, DOTs, transits, health systems, school districts, universities and colleges, corporations, general contractors, utilities, and healthcare networks. B2Gnow is a fully redundant hosted solution with guaranteed availability of 99.9%, as well as SOC 2 Type 2 certified. The B2Gnow team has experience implementing and maintaining over 500 interfaces with over 100 external systems and has facilitated migrations of millions of historic records from legacy systems.

Supplier diversity software is a specialized type of technology solution designed to help organizations manage and track their supplier diversity initiatives. Supplier diversity refers to the practice of actively seeking and using products and services from businesses owned by individuals from underrepresented groups, such as minority-owned, women-owned, veteran-owned, LGBTQ-owned, and other diverse enterprises.

Supplier diversity software plays a crucial role in helping organizations promote diversity and inclusion within their supply chains. By actively engaging with diverse suppliers, organizations can not only contribute to social and economic equity but also benefit from a broader range of perspectives, innovation, and business opportunities. The software allows businesses to measure and track their progress in supplier diversity initiatives, making it a valuable tool for organizations committed to promoting diversity in their procurement practices.

A Diversity Management System (DMS) is a comprehensive approach or software solution that organizations use to effectively plan, implement, and monitor diversity and inclusion initiatives within the workplace. The goal of a Diversity Management System is to foster an inclusive environment that values and leverages the diverse perspectives, backgrounds, and experiences of employees. These systems are often designed to address various aspects of diversity, including but not limited to gender, race, ethnicity, age, sexual orientation, disability, and more.

Implementing a Diversity Management System reflects an organization’s commitment to creating a diverse and inclusive workplace. Such systems contribute to the development of a positive organizational culture, increased employee engagement, and improved business performance. Organizations can customize these systems based on their specific needs and goals, aligning diversity efforts with broader business strategies.

Supplier diversity management is not only a commitment to social responsibility but also a strategic business decision. Engaging with diverse suppliers can lead to a more innovative and competitive supply chain, foster economic development in underrepresented communities, and contribute to a positive brand image. Organizations that prioritize supplier diversity often find that a diverse supplier base brings unique perspectives, enhances creativity, and contributes to overall business success.