Diversity enrichment is a separate add-on that provides socio-economic classifications to help you manage your diversity portfolio including: Woman, Minority, Veteran, Service Disabled Veteran, Small Disadvantaged Business, Historically Underutilized Business Zones (HUBZone), SBA 8(a), Historically Black Colleges and Minority Institutions, Small Business, and Labor Surplus.  When available, the solution also includes the specific ethnicity for Minority-owned businesses.  Furthermore, users can leverage detailed information such as the certificate number, issue date, expiration date, and source if available.

 

Spend Visibility Diversity enrichment comes from D&B and applies to US business entities only.  Business entities that are foreign owned, publicly held, non-profit, or have less than 51% ownership by a "diverse" officer are excluded.

 

D&B itself is not a certifying agency.  Instead, D&B aggregates and reports diversity information from hundreds of certifying and non-certifying sources.  Hence you should leverage the information you get from D&B, but you must still be actively involved to satisfy government reporting requirements.

 

Diversity enrichment enables you to manage your supplier diversity portfolio so you can:

 

  • validate and discover diversity among your existing suppliers
  • gain visibility into what you are spending with diverse suppliers
  • access summary reports to help you prepare for 294/295 reporting
  • know which agencies provide the diversity information
  • consider the confidence level of the diversity information (certified, validated, collected)

 

If you already subscribe to diversity content, please contact your Spend Visibility Project Manager with any questions.  If you would like more information about Diversity enrichment and reporting, please contact your Customer Engagement Executive.