SEATTLE, July 17, 2018 /PRNewswire/ — Suplari, the provider of an AI-driven insights platform focusing on finance and procurement, has been named a 2018 Provider to Watch by Spend Matters, a leading procurement and supply chain research site. 

“Procurement analytics are shifting from descriptive analytics and forensic spend cube reports to AI-based predictive analytics that not only help procurement organizations better mine their data with purpose-built value-seeking algorithms, but also infuse external data that help identify hidden opportunities lying dormant,” said Spend Matters Chief Research Officer Pierre Mitchell. “The procurement world sorely needs some better analytics support, and Suplari’s laser focus on supply-side analytics is good news for the market — and why they were nominated for our 2018 Providers to Watch list.”

The recognition highlights Suplari as the cutting-edge leader in the application of Artificial Intelligence (AI) and Machine Learning for finance and procurement enterprises.  Suplari’s insight platform allows global enterprises to enable their finance and procurement teams to find the hard dollar cost savings and risk reduction opportunities that were previously hidden in their data. Suplari focuses on real-time unified supplier data and analytics to drive intelligent insights for companies to reduce spend or identify risk on a continuous basis.

Nikesh Parekh, CEO of Suplari added, “We’re excited to be recognized by Spend Matters as a Provider to Watch. Suplari is delivering tremendous visibility and cost savings for our Global 2000 customers who have valuable data siloed throughout their enterprise.  By leveraging the cloud and advances in machine learning, Suplari identifies cost saving patterns across contracts, spend and purchasing within the enterprise and then across companies.  This recognition by Spend Matters validates Suplari’s innovative application of artificial intelligence to procurement, helping enterprises discover cost and risk reduction insights trapped in their data.”

To see Suplari’s AI-driven insights platform drive reveal opportunities and hard dollar savings in action, visit suplari.com.

About Suplari
Suplari provides an AI-driven insights platform that enables enterprises to achieve what’s not humanly possible. Customers realize hard dollar cost savings and effectively manage supplier risk that is today hidden within millions of data points in the enterprise. Suplari connects and unifies disparate supplier data sources and systems and then continuously analyzes millions of supplier and sourcing transactions to generate real-time AI-driven insights on reducing spend, mitigating risk and increasing compliance. Suplari’s products are on the cutting edge of AI in procurement and cloud computing. For more information, contact info (at) suplari.com.

About Spend Matters
Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner. Spend Matters is owned and managed by Azul Partners, Inc.

Press Contact:
Carina Kuhl, VP Marketing, Azul Partners, Inc.
ckuhl@spendmatters.com

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SOURCE Suplari