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A Day in the Life of a Data Analytics Savvy Finance Manager

 

Every role comes with its own unique set of challenges to overcome. At Onebridge, we’ve worked with finance teams in many different industries and many members of our own team have studied and worked in finance for many years. What finance teams are often most surprised to learn from us is how much time they can save thanks to data analytics solutions. Their teams are freed up to do the work they are really good at and passionate about, rather than staying buried under manual reporting responsibilities or solving problems caused by bad data.

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The Costs of Low Quality Data vs. the Benefits of High Quality Data

Studies throughout the past decade have shown that businesses understand that data is key to enabling business success. However, many senior executives aren’t confident in their data and don’t feel comfortable basing important decisions—or any decisions—on the data they get from departments across the enterprise. Whether it’s siloed information lacking in insightful connection points, massive quantities of data too daunting to process, or negative past experiences, key decision makers are making moves based on gut instinct rather than facts.

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4 Ways to Get More C Suite Interest in Your Supplier Diversity Story

 

by: Daryle Johnson, Manager of Strategic Business Development and Data Management and Visualization 

You know your work has value and you’re very familiar with the tangible business benefits of supplier diversity programs, even if your wider organization isn’t familiar with them quite yet. Here are a few ways you could get more visibility into your program and more interest in the story you have to tell:

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A Foolproof Formula for Managing Supplier Data

by: Daryle Johnson, Manager of Strategic Business Development and Data Management and Visualization 

 

The best strategies for managing supplier data really depend on what’s best for your business, but there are a few proven ways that can yield results no matter your needs. They all relate back to one primary concept: don’t let your supplier data become stagnant. It should be continuously active, a constantly updating reflection of your constantly changing business. Here is Onebridge’s foolproof formula to create a dynamic source of supplier data truth.

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Tips for Tracking and Measuring Supplier Diversity Data

The key to creating compelling supplier diversity reports—the kind of reports that make the C-suite want to know more about your work—is collecting smarter data and using it in smarter ways. You already know tracking and measurement is pivotal to the success of your program, but how do you do it effectively? Try out these tips below to boost your supplier diversity tracking efforts.

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2018 Supplier Diversity Superstars

We’ve talked about the Top 5 Challenges facing every supplier diversity program and shared some of the secrets of top performing programs. Today we’ll be highlighting four of DiversityInc’s Top 15 Companies for Supplier Diversity and discovering what makes their programs special.

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8 Secrets of Successful Supplier Diversity Programs

There are thousands of different supplier diversity programs out there. While it is certainly true that success looks different from business to business, we’ve noticed a few qualities that are common among some of the top performers in the supplier diversity community:

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Top 5 Supplier Diversity Program Challenges and Opportunities

by: Daryle Johnson, Manager of Strategic Business Development and Data Management and Visualization 

Supplier diversity program management is an especially unique and challenging role. It requires flexibility and a combination of very broad and very specific knowledge about your own business and that of your suppliers.

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What Can Data Do for Your Supplier Diversity Program?

If you’ve tried your hand at an economic impact analysis or any other kind of supplier diversity reporting, you’ve likely run into serious challenges. Most businesses have large amounts of data, after all, but they don’t trust it or know how to use it to their advantage. It may be held in separate systems that don’t communicate with one another. Different areas of the business have different information on the same suppliers, and it takes hours to pull together the most basic reports.

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A Basic Framework for Supplier Diversity Economic Impact

by: Daryle Johnson, Manager of Strategic Business Development and Data Management and Visualization 

In last week’s supplier diversity blog, I introduced the basics of an economic impact analysis and why it can add an extra boost to your supplier diversity program reporting beyond simple spend analysis. This week I want to touch on the basics of creating an economic impact analysis—how do businesses usually organize the information? What might your first analysis look like?
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