When a company partners with a WBENC-Certified Women’s Business Enterprise, they gain many benefits, such as:
Research conducted by the Hackett Group proves that working with a WBENC-certified business can increase profitability with as much as 130 percent return on investment. The research concluded that procurement organizations that work with a diverse supplier base also had lower overall operating costs and spent 20 percent less on their buying operations [i].
When partnering with a WBENC-certified business, you gain access to multiple channels for goods and services which allows you to review the best options for your company’s needs. Increasing your partnerships with WBENC-certified businesses gives you the added benefit of building relationships with suppliers’ alliances.
A Harvard study [ii] showed that diversity unlocks innovation and drives market growth, so a company’s willingness to work with diverse markets attracts other companies and business opportunities that also support diversity and women-owned business.