New groundbreaking online platform ProcureForGood TM to drive
positive social and economic change through procurement
Award winning Australian procurement technology company VendorPanel has launched a groundbreaking new online platform ProcureForGood TM to drive positive social and economic change.
The first such platform of its kind, ProcureForGood TM is a one stop shop for social procurement. It brings together multiple verified social procurement databases on one innovative marketplace platform.
ProcureForGood is a unique collaboration between one of Australia’s leading technology companies VendorPanel, and Australia’s leading social procurement verification organisations: Supply Nation, BuyAbility (National Disability Service) & Social Traders. It was launched at the Social Enterprise World Forum in New Zealand.
Mr James Leathem, CEO and Founder of VendorPanel said the new platform solves a key
problem for government and corporates. He says: “Social procurement is increasingly important for government and corporates as a lever for change, but it is challenging to find verified suppliers as they’re scattered across multiple directories and locations. It’s also really hard to report on performance against targets. ProcureForGood solves this problem, as the first one stop shop for verified social procurement marketplaces on a single platform. It’s a real gamechanger for social procurement, with huge scope to drive positive economic and social impact in Australia, and beyond.”
ProcureForGood simplifies the sourcing, evaluation and selection process for verified social
impact suppliers, ensuring good governance and probity.
Geo-location makes it easy to find local suppliers, while powerful analytics enables users to capture insights and report against corporate social responsibility (CSR), social and economic policy targets.
“We predict this new technology will be particularly powerful for managing the large volume
of low value procurement (under $150,000) that exist within government and corporate
organisations. It helps these organisations reduce risk and obtain better transparency, whilst
also leveraging it to drive positive impact,” said Mr Leathem.
He continues: “Obviously the big tender opportunities are great for the larger, more established businesses. However, it is the thousands of lower value projects that we think are really exciting for social impact entrepreneurs.
“These smaller projects are often better suited to early-stage businesses as they grow. Lots of small projects are the lifeblood of early-stage companies and the SME economy, and that’s exactly what we want to support to help build a sustainable and vibrant social procurement businesses sector.”