Skip to content
Tiatra, LLCTiatra, LLC
Tiatra, LLC
Information Technology Solutions for Washington, DC Government Agencies
  • Home
  • About Us
  • Services
    • IT Engineering and Support
    • Software Development
    • Information Assurance and Testing
    • Project and Program Management
  • Clients & Partners
  • Careers
  • News
  • Contact
 
  • Home
  • About Us
  • Services
    • IT Engineering and Support
    • Software Development
    • Information Assurance and Testing
    • Project and Program Management
  • Clients & Partners
  • Careers
  • News
  • Contact

Creating wealth, jobs, and community through women-owned businesses

Women-owned businesses represent 33% of the world’s private businesses. That number should be higher when you consider that women-owned businesses are one of the most underutilized drivers of innovation and job growth in both developed and emerging markets. These businesses are particularly challenged when it comes to accessing opportunities in global trade.

Technology can help level the playing field for women-owned businesses, according to Eroshan Alagaretnam, South Asia regional director, WEConnect International. “Technology is arguably the biggest enabler and equalizer—besides capital and capacity training—for driving innovation and growing beyond borders.”

Simplifying access to over $3 trillion in annual purchasing power

The mission of WEConnect International is to drive money into the hands of women-owned businesses by helping them compete in the global marketplace. The organization identifies, educates, registers, and certifies women business enterprises that are at least 51% owned, managed, and controlled by women suppliers in over 135 countries.

WEConnect International works with over 180 multinational member-buying organizations with over $3 trillion in combined annual purchasing power and a commitment to sourcing more products and services from women-owned businesses. Today, WEConnect International makes it easy for these member buyers to access an online database of over 16,000 registered or certified women-owned businesses that can compete on total value.

But it wasn’t always so.

Expanding global reach with unified registration and search experiences

WEConnect International and its member-buyers believe that trade is a powerful tool for achieving gender equality. Top of mind is that trade is one area where governments, businesses, and international organizations can collectively advance an agenda of Diversity & Inclusion which can help unleash half of the world’s population potential. However, the reality is that even though these member-buyers manage $3 trillion in purchasing power, today, less than 1% is spent on women-owned businesses.  

Both WEConnect and its member-buyers seek to change this situation yet found it difficult to make the connections on the organization’s technology legacy platform.  On one hand, member-buyers found it difficult to search for qualified women-own suppliers. Likewise, women-owned businesses found it cumbersome to register and apply for certification.  Furthermore, WEConnect International’s small, global staff also had difficulty registering and certifying businesses that were not in English as the system operated in only one language.

With funding from USAID to solve these challenges, WEConnect International worked with SAP to develop a new multi-lingual solution called WECommunity. This technology is based on SAP Ariba Supplier Lifecycle and Performance and is used to manage the registration function including a mobile-centric option, and SAP Business Technology Platform for corporate member login and search.

95% growth in qualified and registered women-owned businesses

By making it easier to bring motivated, large corporate, multilateral, and government buyers together with women-owned business suppliers around the world, WEConnect International is driving inclusive economic growth and creating a path toward gender equality.

Since the initial launch of WECommunity three years ago, a clear pattern has developed demonstrating the benefits of greater access to global markets for suppliers. This has resulted in a 95% growth in registered women-owned businesses and also growth in the following areas:

  • 86 new member-buyers, a 91% growth rate
  • 5,000 thousand unique searches for women-owned suppliers
  • 7,900 new women-business supplier registrations  
  • 24,000 new jobs from revenue growth / 6000 suppliers (2021)
  • 12 new countries, a 28% increase in global reach

In one of several, inspirational videos on WEConnect International’s website in honor of International Women’s Month 2023, Kumud Sharma, a supplier in South Asia, reflects, “Entrepreneurship has the power to create shared wealth for everyone. By creating innovative products and services, entrepreneurs can generate new jobs, build stronger communities, and improve quality of life for people around the world.”

Achieving buyers’ goals for global supplier diversity and inclusion

As a society, we often underestimate the influence that gender has on our world views. Acknowledging these differences is the first step towards building a more inclusive and understanding world.

In her inspirational talk on creating wealth together, Fiona Blades, a supplier in Europe shares, “Supplier diversity and inclusion can be very helpful to get a foot into a company. Sometimes I try to pull strings by using WEConnect International’s name.”

Catia Stoyan, CEO, Stoyan Energy Solar, Latin America is committed to sustainability in the global concept of environmental, social, and governance (ESG) investing. “We are confident that we can make an even greater impact on the communities and industries we serve. It is a commitment inspired by the purpose of our company,” she explains, “to bring clean and renewable energy to the four corners of the world. And it’s all made possible with WEConnect International, which provides access to global markets and enables women business owners to unlock their potential and achieve success.”

WEConnect International is a winner in the 2023 SAP Innovation Awards Program. Download the pitch deck to see how the non-profit makes it easy to identify, certify, and train women-owned businesses around the world and simple for member-buyer organizations to find and select qualified suppliers. 

Digital Transformation
Read More from This Article: Creating wealth, jobs, and community through women-owned businesses
Source: News

Category: NewsMay 17, 2023
Tags: art

Post navigation

PreviousPrevious post:ServiceNow, Nvidia to bring generative AI to enterprise workflowsNextNext post:6 barriers to becoming a data-driven company

Related posts

휴먼컨설팅그룹, HR 솔루션 ‘휴넬’ 업그레이드 발표
May 9, 2025
Epicor expands AI offerings, launches new green initiative
May 9, 2025
MS도 합류··· 구글의 A2A 프로토콜, AI 에이전트 분야의 공용어 될까?
May 9, 2025
오픈AI, 아시아 4국에 데이터 레지던시 도입··· 한국 기업 데이터는 한국 서버에 저장
May 9, 2025
SAS supercharges Viya platform with AI agents, copilots, and synthetic data tools
May 8, 2025
IBM aims to set industry standard for enterprise AI with ITBench SaaS launch
May 8, 2025
Recent Posts
  • 휴먼컨설팅그룹, HR 솔루션 ‘휴넬’ 업그레이드 발표
  • Epicor expands AI offerings, launches new green initiative
  • MS도 합류··· 구글의 A2A 프로토콜, AI 에이전트 분야의 공용어 될까?
  • 오픈AI, 아시아 4국에 데이터 레지던시 도입··· 한국 기업 데이터는 한국 서버에 저장
  • SAS supercharges Viya platform with AI agents, copilots, and synthetic data tools
Recent Comments
    Archives
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    Categories
    • News
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Tiatra LLC.

    Tiatra, LLC, based in the Washington, DC metropolitan area, proudly serves federal government agencies, organizations that work with the government and other commercial businesses and organizations. Tiatra specializes in a broad range of information technology (IT) development and management services incorporating solid engineering, attention to client needs, and meeting or exceeding any security parameters required. Our small yet innovative company is structured with a full complement of the necessary technical experts, working with hands-on management, to provide a high level of service and competitive pricing for your systems and engineering requirements.

    Find us on:

    FacebookTwitterLinkedin

    Submitclear

    Tiatra, LLC
    Copyright 2016. All rights reserved.