Procure Impact operates a B2B marketplace that connects corporations with social enterprises, enabling companies to source high-demand products while creating job opportunities for individuals facing barriers to employment. Each transaction on the platform quantifies the impact by tracking shift hours generated, facilitating measurable progress towards corporate social responsibility goals.
Funding
Funding not disclosed
Founders
Product
Problem
Many corporations struggle to effectively integrate social responsibility into their supply chains due to the difficulty of identifying and vetting qualified social enterprises. These companies often lack the resources to source from vendors that create meaningful community impact, hindering their ability to meet supplier diversity goals and contribute to positive social change.
Solution
Procure Impact operates a B2B marketplace connecting corporations with social enterprises that manufacture high-quality products and services. The platform streamlines responsible sourcing by providing a curated selection of vendors who employ individuals facing barriers to employment, such as those with histories of homelessness, addiction, or incarceration. Procure Impact simplifies the purchasing process, handles vendor management, and quantifies the social impact of each transaction by tracking the number of shift hours created, enabling corporations to easily measure and report on their social responsibility initiatives. By providing a bridge between corporations and social enterprises, Procure Impact facilitates positive transformations in communities while ensuring product quality and ease of procurement.
Target Audience
The primary target audience includes corporations, particularly in the hospitality sector, seeking to diversify their supply chains, meet corporate social responsibility goals, and create positive community impact through responsible sourcing.
Features
- Curated marketplace of social enterprise vendors producing high-quality goods across various categories, including grab-and-go snacks, spa products, retail items, furniture, and VIP amenities.
- Vendor due diligence process ensuring suppliers meet high standards for product quality and social impact.
- Impact tracking and reporting, quantifying the number of shift hours created through each purchase.
- Streamlined purchasing process with vendor management handled by Procure Impact.
- Platform features to submit, track, and pay purchase orders.