Vizibl (Old St Labs)

A bit about us

Vizibl is the brain child of Mark Perera and Alex short. Founded in 2014 Mark and Alex set out to solve a problem Mark had seen emerging in across global enterprises whilst running his first business, Procurement Leaders. Mark could see that if companies were going to continue to be successful and to achieve their goals they would need to start recognising the importance of their supplier ecosystems and shift way from a cost-reduction mindset and into one that focussed heavily on collaboration. Mark and Alex knew that technology would be at the heart of this problem and so, Vizibl was born.

Managing a business of 50 suppliers is hard. Companies need to ensure that those suppliers are performing well, that risks that surround those suppliers are known and are being managed, the cost of doing business with suppliers needs to be monitored. Ultimately to ensure the business can operate, companies must ensure those key suppliers deliver on their promises. Now imagine what goes into managing a business that has 50k suppliers. Given that 80% of total spend is probably going to the top 5-10% of suppliers in an enterprise organisation, you'd be right to expect that these key suppliers are managed with great care but you'd be wrong. Most organisations are managing all of this with excel, powerpoint, and email. There is no centralised place where key business stakeholders can get visibility over how the business is engaging with theses suppliers, how they are performing, how much the business is spending with the supplier or what potential risks there are. And that's only half the problem. Organisations are not capitalising on their greatest asset, their suppliers, to drive growth through innovation. Suppliers hold enormous value as a source of knowledge about their customers, their competitors, and the industry as a whole. If businesses can access it, this knowledge confers opportunities they would never have known existed. So how can a global enterprise start to work together, better with their most important suppliers?

We have created a new category that encapsulates all of these ideas called Supplier Collaboration & Innovation. Change in any organisation is difficult, but especially so for the world's largest enterprises. Vizibl helps companies embrace this new way of thinking and supports them in developing change management programmes that will help transform their business. We're seen as the experts in this space and have been recognised for our work by several industry standards including Garter. Read About the Gartner Award](https://www.vizibl.co/vizibl-gartner-cool-vendor). Leaning on Vizibl's expertise in how to be successful with SC&I is only the first step. With goals in mind and the knowledge in what is needed to be successful, enterprises next seek the technology to manage it all.

Vizibl is a SaaS platform that allows global enterprises to manage their SC&I programmes. We allow organisations to capture define most ambitious missions and set goals around key topics like sustainability. With goals set our customers use vizibl to launch key initiatives which engage their suppliers to work with them collaboratively to gather opportunities to solve key business problems. Facilitating ideation is not enough on it's own so Vizibl also allows it's customers to capture the projects and proof of concepts being run with their suppliers so they can see, in real time, the impact their innovation efforts are having on business goals. Whilst transforming the business through innovation, the business must continue to be run efficiently. Vizibl allows it's customers to get instant visibility around spend with their suppliers, measure performance of key kpis and engage on continuous improvement activities and also get insights around key risks. All of this in one collaborative platform.

As a company we're on a mission to help the world's biggest companies work together, better, to achieve their ambitious goals which will have a long lasting impact on the world. Recently enrolled into the 2021 technations upscale programme, Vizibl is a growing company full of amazing and talented people. Our technology is supporting companies like Unilever who plan to remove plastic from their products entirely by 2025 & BP who are transforming to be a green energy company. There are many companies out there that need our help and we won't stop until they are all working better, together.