SAN FRANCISCO--(BUSINESS WIRE)--Scout RFP, a Workday company and leading cloud-based platform for strategic sourcing and supplier engagement, today announced a new integration with Suplari, the AI-driven analytics and insights platform for procurement. With this partnership, joint customers will have the ability to integrate Suplari’s spend visibility and analytics data with the Scout RFP platform.
“Data-driven decision making is critical to strategic sourcing success, particularly during challenging times,” said Stan Garber, co-founder, Scout RFP. “The Office of Finance needs real-time visibility across the enterprise to easily mitigate risk and reduce costs – that data is often found sprinkled across disparate departmental systems. We’re excited to integrate Suplari data into the Scout RFP platform to help Procurement teams identify, accelerate and execute on strategic sourcing opportunities.”
In December 2019, Scout RFP was acquired by Workday. Strategic sourcing through Scout now coupled with the technology integration with Suplari will allow joint customers to combine sourcing, contract, vendor management and pipeline with industry-leading spend analytics and sourcing insights. Procurement teams will be able to analyze sourcing information from Scout against spend, contract and procurement data in Suplari to rapidly discover cost reduction and cash-flow opportunities.
Additional key benefits include:
• Proactive insights that drive strategy, cash-flow optimization, and savings tracking
• Increased productivity and enterprise-wide collaboration through combined analytics
• Automated spend visibility, analytics, and key performance indicator tracking
“The most effective procurement teams are using advanced analytics across spend, contracts, and purchasing data to identify new sourcing opportunities,” said Nikesh Parekh, CEO of Suplari. “The integration of the Suplari platform with Scout RFP automates category management and strategic sourcing. We are excited to provide this advanced strategic sourcing suite with AI-driven insights to our joint procurement customers.”
"Suplari and Scout RFP are two of the best and easiest-to-use software systems in Procurement,” said Joe Patchett, Director of Procurement, Gemological Institute of America (GIA). “The integration of Suplari's best-in-class analytics and insights with Scout RFP's strategic sourcing tools aim to dramatically increase the productivity and effectiveness of strategic sourcing teams."
On July 15, join product leaders from Scout RFP and Suplari, along with special guest speakers from GIA, on a webinar to find out how this new integration will drive business impact for procurement teams. Find more details here.
To learn more about Suplari’s integration with Scout RFP, visit: www.scoutrfp.com/suplari
About Scout RFP
Scout RFP, a Workday company, is the strategic sourcing and supplier engagement platform trusted by procurement and finance teams to streamline their processes, manage a unified pipeline of projects, and collaborate with stakeholders and suppliers to achieve greater business impact. More than 260 global brands trust Scout RFP’s strategic sourcing and auction platform to deliver greater impact through seamless business engagement. Managing over $38.5 billion in project spend, Scout RFP’s powerful platform helps make enterprise commerce faster and more transparent, reduces risk, and drives profitability.
Suplari is the AI-driven analytics and insights system for modern procurement and finance teams. Business leaders rely on Suplari to rapidly drive cash flow, reduce expenses, stay on budget, re-negotiate supplier contracts, assure compliance, and reduce risk. Suplari’s fluid user experience, advanced analytics, AI-driven insights, and enterprise collaboration tools enable teams to quickly track budgets, consolidate vendors, aggregate demand, negotiate contracts and manage supplier performance. Customers from large Fortune 500 to mid-size enterprises have partnered with our dedicated success team to quickly implement Suplari, connect their fragmented data, and achieve their financial and strategic goals. Learn more about Suplari at www.suplari.com and contact us at firstname.lastname@example.org
Forward Looking Statements
This press release contains forward-looking statements including, among other things, statements regarding the expected performance and benefits of Workday’s and Scout RFP’s offerings. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “seek,” “plan,” “project,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Risks include, but are not limited to, risks described in Workday’s filings with the Securities and Exchange Commission (“SEC”), including Workday’s Form 10-Q for the fiscal quarter ended April 30, 2020 and future reports that may be filed with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.
Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday’s and Scout RFP’s discretion and may not be delivered as planned or at all. Customers who purchase Workday and/or Scout RFP services should make their purchase decisions based upon services, features, and functions that are currently available.