Veridion

Disruptions stemming from supplier bankruptcies, cyber threats, geopolitical conflicts, and evolving regulatory demands pose significant challenges to companies striving to maintain smooth operations. This is where supplier risk assessment emerges as a critical practice, enabling organizations to anticipate, evaluate, and address vulnerabilities in their supply chain proactively. Beyond mitigating risks, a thorough supplier risk assessment process contributes to broader organizational goals, such as improving financial stability, ensuring consistent product quality, and aligning with sustainability and compliance standards. Yet, despite its importance, supplier risk assessment is not without challenges. From navigating the dynamic nature of risks to handling complex processes and addressing limited data access, businesses often struggle to carry out effective evaluations. Fortunately, innovative tools and strategies are transforming how companies approach supplier risk management. By leveraging advanced technologies like AI-powered platforms and Supplier Relationship Management (SRM) software, organizations can streamline their efforts, gain actionable insights, and foster robust, disruption-ready supply chains. Read all about this on our blog ??

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Let’s face it, AI is all the rage in procurement, but is it actually worth the hype? Spoiler alert: absolutely, if you’re doing it right. Here’s a quick dive into how AI is turbocharging procurement, turning data chaos into clarity, and letting teams leave the mind-numbing tasks to the machines. Here’s what you need to know: -> AI’s Speed is Mind-Blowing: Imagine finding suppliers 90% faster, AI does in hours what would usually take weeks. It’s like having a turbo button for procurement, and it works like a charm. -> Precision Over Hype: While 80% of procurement pros want to hop on the AI bandwagon, a fair few don’t quite know why (spoiler: “everyone else is doing it” isn’t the best strategy). With Veridion’s data, you get a tech upgrade and the clarity to know it’s worth it. -> Real-Life Superpowers: From spotting trends to predicting future demand, AI in procurement gives you a view of your data that’s sharper than a hawk’s. No more guesswork; just accurate, data-driven decisions. -> Automate the Boring Stuff: AI automates the repetitive time-sucks - like creating RFx docs, matching invoices, and managing contracts - freeing your team to focus on high-impact work. And yes, it’s saving big players like Walmart serious money in negotiations. Read more on this in one of our very valuable articles ??

In a world where responsible business practices drive trust and resilience, Veridion is bringing ESG data front and center in underwriting. We’re giving insurers the insights to go beyond the basics and make smarter, more future-focused decisions, because the data shows that sustainability isn’t just good ethics, it’s good risk management. Here’s how Veridion’s ESG data changes the game: ??. ????????, ?????? ?????????????? With Veridion, insurers can assess a company’s sustainability, social practices, and governance strength. It’s like x-ray vision for risk management, showing where the real vulnerabilities lie (think climate risks, social dynamics, and ethical practices). Poor ESG practices can lead to costly liabilities, and Veridion helps insurers spot these risks upfront, lowering claim surprises. ??. ???????????????? ???????? ???????? ?????????? With Veridion’s ESG insights, pricing can finally reflect the true risk. Companies with strong ESG practices benefit from lower premiums, while those with vulnerabilities see higher rates. Plus, with ESG data, insurers can introduce innovative products like green insurance for renewable projects or policies backing social causes. ??. ????????-???????? ???????????? ?????? ???????????????????? Our data helps align underwriting and investment strategies with sustainable business practices, supporting insurers’ growth and regulatory needs. ESG data isn’t just about risk, but also about staying compliant, transparent, and strategically aligned with future regulations. ??. ?????????????? ?????????? ???? ?????? ???????????? ESG data also boosts your brand. By using Veridion’s insights to prioritize responsible clients, insurers can build a reputation that appeals to today’s conscious consumer and future-proofs relationships with clients, investors, and regulators. At Veridion, we’re not just providing data, we’re powering a smarter, more ethical approach to underwriting. Ready to see how ESG insights can drive both profit and purpose? Connect with us to explore the possibilities! #ESGData #FutureofUnderwriting #Veridion

???? Tired of chasing down outdated info and spending hours manually validating policies? Veridion’s guide has the answer (or, more precisely, 123 million answers from companies worldwide) to make commercial insurance a whole lot smarter, and maybe even enjoyable. Imagine cutting manual tasks by 40%, hitting 88-90% accuracy in business classification, and boosting your quote-to-bind rate by 50%. It’s like having a supercharged GPS for underwriting, minus the re-routing. You get real-time data, pinpoint risk insights, and a treasure trove of hidden opportunities to make your work not just easier, but way more precise. Curious? Take a peek, and let Veridion show you how data can do the heavy lifting! ??

?? Leveraging Veridion Data, we mapped out the number of gyms per 100k inhabitants in each U.S. state and compared it with obesity rates to explore potential correlations. This infographic visualizes how these 2 datasets intersect. ?? Highest Number of Gyms per Capita: Massachusetts, with?10.6 gyms per 100,000 inhabitants?and an?obesity rate of 31%. ?? Lowest Number of Gyms per Capita: West Virginia, with?3.1 gyms per 100,000 inhabitants?and the highest?obesity rate of 41%. ?? Overall U.S. Average Obesity Rate:?33%.

Veridion is joining forces with Digital Stack as a proud partner of DevFest Bucharest 2024! ?? ? On November 13th, the largest conference created by developers, for developers, is back in Bucharest, bringing the best minds together from over 140 countries. We’re thrilled to support this incredible event and contribute to the innovation driving our community forward. ?? Don’t miss Veridion’s Ionescu Alexandru on stage at 13:15! He’ll dive into the impressive journey of moving 2PB of data in just 3 days, from tackling networking infrastructure to scaling a Kubernetes cluster that’s ready to handle hundreds (or even thousands) of nodes. It’s a must-see for anyone passionate about digital transformation! Thank you, Digital Stack, for this amazing opportunity, and we can’t wait to see you all there! ?? ?? #DevFest2024 #DigitalTransformation #TechInnovation #TeamVeridion

?? We’re gearing up to bring fresh insights and expertise to a weekend packed with innovation, collaboration, and AI-driven problem-solving at the NEXXT Summit Hackathon, powered by Raiffeisen Bank Romania. We’re proud to share that Cosmin Pirvu will be there as facilitator, Cosmin Posteuca as mentor, and Claudiu Alexandru Dima leading a workshop on the technical approach to hackathon challenges and strategic marketing. Together, we’ll be guiding and supporting tech enthusiasts, students, and young professionals as they tackle real-world challenges in AI for Business, Finance, and ESG. Join us from November 8-10 for this exciting journey of creativity and impact: https://lnkd.in/dbnJzUnQ ?? ?? #VeridionAtNEXXT #AIInnovation #Hackathon2024 #TechForGood

Are you a commercial underwriter tired of dealing with inaccurate data, manual tasks, and outdated systems slowing you down? ???? Imagine having real-time, precise data to make faster and smarter decisions. With insights from over 123 million businesses, Veridion’s data tackles your most demanding challenges—accelerating quote generation, minimizing manual validation, and uncovering hidden risks with unmatched accuracy. Ready to transform your commercial insurance process? Click now to see how Veridion is revolutionizing insurance, one data point at a time! ??

We’re happy to share that Veridion has been named #1 in the {{linkedin_mention(urn:li:organization:18046146|Undelucram.ro)}} Top Employers for SMEs! ?? This recognition reflects our commitment to creating a healthy, fun, and transparent work environment where our team can grow and thrive. Here’s to a workplace that values people and empowers them to reach their full potential every day! ?? ? Learn more and see all top employers here: https://lnkd.in/dxga3_Ss #TopEmployer #TeamVeridion #WorkCulture #GrowthMindset