Case Study: Endo Pharmaceuticals achieves faster supplier diversity reporting with Corcentric

Endo Pharmaceuticals cuts diversity reporting time by 50% with Corcentric

Endo Pharmaceuticals, a specialty healthcare company, faced the challenge of complying with U.S. Department of Veterans Affairs supplier diversity reporting requirements. Their manual process was cumbersome and risked non-compliance, which could result in fines and lost contracts. To address this, Endo partnered with Corcentric for a modern sourcing approach.

Corcentric implemented its Supplier Information Management (SIM) and Analytics solutions. This allowed suppliers to self-register and self-report their diversity data, which was then combined with spend data in a single platform for sophisticated reporting. The solution reduced the time for diversity reporting by 50%, saving 200 compliance hours, and provided Endo with the reliable data needed to easily meet its VA requirements.

Endo Pharmaceuticals