Manufacturing Magazine June 2023 | Page 31

Diversity , ESG & Automation : Gainfront ’ s modular procurement power
Gainfront ’ s highly customisable , modular , procure-to-pay powerhouse platform for Diversity , ESG , and collaboration
Gainfront is a platform that meets the procurement needs of today ’ s business landscape , focusing on mandates related to diversity , supplier diversity , workforce diversity , as well as ESG tracking . Led by Hetal Mehta , CEO of Gainfront , the company provides organisations with an innovative way to achieve compliance to preferred buying while offering powerful workflow automation , which is essential in today ’ s hybrid work environment .
Diversity , ESG , and Workflow Automation Enabled Gainfront enables customers to easily configure their workflows , whether in sourcing , finance , or HR , granting them full control over the process through team collaboration and audit trails . As a complete Procure-to-Pay platform , Gainfront fully embraces diversity , ESG , and workflow automation requirements , providing a comprehensive solution for procurement professionals .
The Supplier Discovery Database Gainfront recognises the pressing need for finding new , diverse , and environmentally conscious suppliers on a global scale . With current supply chain challenges , customers often struggle to identify and source from new suppliers . Gainfront addresses this issue by offering their customers access to a strong and robust global Discovery database . Mehta highlights the importance of this database , stating that it resolves the problem of customers being unable to replace suppliers due to a lack of viable alternatives .
RFX Concierge Service In the context of today ’ s hybrid work environment , there is a growing need to find qualified suppliers while managing risk profiles . Gainfront introduces the RFX Concierge service , which allows customers to source suppliers easily by providing preliminary criteria . By leveraging this service , Gainfront identifies qualified suppliers and connects them , significantly reducing customers ’ search time by almost 60 %.
Enhanced Collaboration “ Gainfront recognises the importance of collaboration in today ’ s hybrid work environment ,” says Mehta . “ The company ’ s horizontal approach to workflow automation provides customers with team collaboration capabilities , allowing for efficient communication and tracking of audit trails . By gathering all decision-making processes in a team-collaboration environment , individuals are held accountable , mitigating the risk of miscommunication or lost information .”
Gainfront ’ s Partnership with Becton Dickinson ( BD ) Becton Dickinson ( BD ) has been a customer of Gainfront for the past three years . Mehta and her team have been instrumental in helping BD manage supplier diversity , spend management , and tracking , thereby assisting them in achieving their BDR goals . Through Gainfront ’ s database , BD gains access to new suppliers , enabling them to meet their sourcing and diversity goals successfully .