TealBook Report September 2024 | Page 6

STEPHANY LAPIERRE
TEALBOOK
but also the management , people , technology , services , onboarding , sourcing , category management , invoicing , contract and more .
TealBook is all about optimising the investment that companies put into those relationships and understanding that , sometimes , companies with a lower spend have incredibly high value for other reasons , something Stephany believes has been previously overlooked .
She asked herself : “ How do you democratise information within an enterprise so that people can leverage it , create a brain for the company ?”
What started as a transparent , dynamic book of suppliers exploded into an actionable , interactive data foundation .
The evolution of TealBook Stephany originally founded Matchbook , a service designed to find the right suppliers for companies , streamlining procurement processes . Within its first year , the company became profitable and started to become a tool that went hand in hand with sourcing .
Her proactive , responsive , passionate approach led to the creation of TealBook . Clients ’ needs developed to require support in building procurement functions to be more strategic , transparent , faster and prioritise cost optimisation over savings – so she provided that .
“ As I provided these solutions , it started dawning on me that the problem with procurement was not software people or processes – actually , we overprocessed everything . It was a data problem ,” Stephany explains .

“ We built an architecture the dream of achieving d at scale into a tangible re

STEPHANY LAPIERRE FOUNDER AND CEO , TEALBOOK

STEPHANY LAPIERRE

TITLE : FOUNDER AND CEO
INDUSTRY : SOFTWARE DEVELOPMENT
LOCATION : TORONTO , ON
Stephany Lapierre is the Founder and CEO of TealBook . A lifelong entrepreneur , Stephany spent 10 years building a successful strategic sourcing and procurement consulting firm and it sparked her desire to solve the supplier data problem . Stephany is passionate about establishing the gold standard for supplier data and making it accessible to every large organisation , which is why TealBook ’ s Supplier Data Platform automates the collection , verification and enrichment of supplier data across any data lake or enterprise system . TealBook is a leader in procurement technology and has been chosen by Spend Matters as one of their “ 50 Vendors to Know ,” named a top 100 solution by ProcureTech , and recognised as a “ Cool Vendor ” by Gartner .
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