SEATTLE—Nov. 12, 2020—Suplari, the Spend Agility™ company, today announced new tools in its Spend Intelligence Cloud that help distributed finance and procurement teams set goals, manage projects, and collaborate together to optimize spending, cash flow and compliance. The new tools enable unprecedented collaboration to act on spend intelligence, making it easy for finance, procurement and business leaders to make smart investment decisions based on the latest spending insights across IT, marketing, sales and operations.
With Suplari Connect, executives and managers will use modern collaboration tools to define plans, assign tasks, track KPIs and ensure accountability. Unlike separate project management tools, Suplari Connect is embedded within the Spend Intelligence Cloud, making it easy to identify and share opportunities, capture results, and maximize success across distributed teams who are no longer in the same office.
“Managing costs and cash flow is a team sport, and modern tools like Suplari Connect can help finance, procurement and business leaders work together for the common good,” said Nikesh Parekh, co-founder and CEO of Suplari. “We recognized early on that collaboration without physically being in the office would be a challenge for many companies. We also noticed a gap in the market for planning and tracking across finance and procurement teams. We developed Suplari Connect to fill that void, just like Jira did for software developers.”
Suplari Connect provides modern collaboration tools to help improve productivity across finance and procurement teams. Key features and benefits include:
- Create and manage common finance and procurement tasks with easy-to-use tools;
- Plan ahead and assign owners for budgeting tasks, sourcing events, category plans, supplier QBRs, diversity programs, and other key workflows;
- Aggregate financial and procurement results across many users and tasks;
- Seamlessly include key supplier, spend, and contract data associated with tasks, due to tight integration within the Spend Intelligence Cloud;
- Increase team efficiency and repeatability through automation and best practices; and
- Capture what happened with a supplier or past events, providing a knowledge platform for future insights and actions.
“Suplari’s spend analytics solution has provided us with many insights since we implemented it,” said Gina Leitch, strategic sourcing manager at Intuitive. “Now with Suplari Connect we can make those insights actionable and traceable. It has been a great asset in managing projects, savings, and other procurement initiatives.”
Suplari recently launched a new version of its industry-first Spend Intelligence Cloud, featuring a library of 175 automated insights that predict and manage costs, cash flow and investments across the enterprise. The new Insights Library makes it easy to identify and prioritize projects that will help the business save money, optimize suppliers and/or improve performance. Unlike traditional spend management tools that look backward and require users to “figure it out,” Suplari uses its data model and insight generator to make predictive recommendations based on historical data and trends.
Suplari’s Spend Intelligence Cloud works in conjunction with a customer’s existing ERP systems, procure-to-pay suite, travel-and-expense applications, and/or contract lifecycle management system. Click here for more information about Suplari’s Spend Intelligence Cloud.
Suplari is the Spend Agility™ company. We deliver the first-ever Spend Intelligence Cloud that enables finance, procurement and business leaders to continuously and collaboratively optimize sourcing, forecasting, risk and compliance. Built upon advanced machine learning, Suplari helps mid-size and large enterprises achieve spend agility by automating data, insights and actions to predict and manage costs, cash flow and investments across the enterprise. Suplari’s cloud-based software is quick to deploy and delivers value in less than 90 days. Learn more about Suplari at www.suplari.com and contact us at firstname.lastname@example.org.
Ty Levine, Suplari, email@example.com