As the global economy slows and we face the possibility of a 2020 recession, many finance and procurement professionals are bracing for the impact. Here are 5 recent headlines that we think you need to see. How prepared is your organization in the case of a recession? #1 America’s CFOs are bracing for a 2020 … Read More
At Suplari, our work culture is a point of pride for us. We believe work should be something you look forward to daily. To foster this belief, we have team events throughout the year to celebrate our amazing people and the effort they put into making Suplari a great product for our customers. A favorite … Read More
The most innovative procurement teams in the industry are driving outsized results, achieving 1.5x greater savings per year than their peers, greater spend under management and better reputation across business stakeholders. Everest Group did a deep dive into the core drivers of success and discovered 6 distinctive drivers: innovation strategy, analytics adoption, strategic sourcing, risk … Read More
Today, Workday announced the $540m acquisition of a procurement SaaS start-up called ScoutRFP which has created an easy to use request for proposal (RFP) tool for procurement teams. Using ScoutRFP, procurement teams and stakeholders across the business can email suppliers to compete for an opportunity at their enterprise. Scout created a pipeline product which allows procurement … Read More
Suplari, the first AI-driven spend analytics and supplier management system for modern procurement will be a Workday Ventures exhibitor at Workday Rising. Workday Rising is Workday’s annual gathering of customers, prospective customers, partners, and employees that collaborate and learn how Workday helps organizations achieve their growth objectives and prepare for the future. This year’s Workday … Read More
One of our multi-national conglomerate customers had an interesting task they wished to tackle with Suplari’s help. Their Procurement team caught word that the company’s employees were charging multiple Amazon Prime memberships to their corporate credit cards. If true, this presented two potential problems to the company: There was untapped potential to negotiate and consolidate … Read More
A Suplari Origin Story As the CFO saw the data, she yelled, “Are you telling me that an employee expensed a $500 Uber ride? Where were they going? St. Louis? I want to know who the employee is, who their manager is, where they were going, and how this expense got approved!” For every CFO, … Read More
Suplari, Inc. today announced the launch of the first AI-driven enterprise insights system for procurement, finance, and IT, backed by additional financing from Amplify Partners, Madrona Venture Group, Shasta Ventures, Two Sigma Ventures, and Workday Ventures. This new investment will allow Suplari to expand its core technology platform that rapidly builds proactive, AI-driven insights from … Read More
Procurement and finance teams are constantly challenged with finding cost savings and strategic advantages within their company’s contracts. Yet amongst the hundreds of contracts and supplier activity that an organization has to manage, these opportunities can literally be like trying to find a needle in a haystack. With the help of AI, contract and AP data … Read More
Procurement & finance teams and anyone with a 401k witnessed the extreme volatility of the stock market during the week of August 12th. The financial markets are predicting a near term recession. The US-China Trade War is causing a global slowdown. It is hitting Asia and Europe first. The US economy seems very strong right … Read More