Microsoft announced the acquisition of Suplari, a leading provider of supplier spend insights that enable companies to proactively manage supplier spend by transforming data from multiple sources, such as contracts, purchase orders, invoices, expenses, and supplier risk, into valuable insight.
Suplari currently supports mid-size and large enterprises to continuously manage costs and cash flow using unified, cleansed data, automated insights, and predictive actions.
Founded in 2016, Suplari analyses procurement and spending data flowing into various enterprise systems. It provides recommendations for cost savings, risk exposure, and other efficiency gaps.
Together with Dynamics 365, the Suplari Spend Intelligence Cloud will help customers maximise financial visibility by using AI to automate the analysis of current data patterns from multiple data sources.
Customers will have the option to seek support in financial decision-making and Suplari can predict the best spend management actions moving forward. The Suplari Spend Intelligence Cloud is still available in the market with no change for existing customers.
This acquisition will further empower Microsoft to help customers turn data into actionable insights, including:
- Making comprehensive enterprise spend data and insights accessible to all – Customers can have a shared view of supplier spend everyone can use regardless of skill level. The simple, intuitive, and interactive user experience provides a single source of truth and insights for all users
- Unlocking new financial insights to help with strategic procurement decisions – Microsoft is committed to helping customers transform data into immediate action and now with Suplari’s AI-powered library of over 175 insights, teams are empowered to manage demand, spend, and cash flow on a daily basis
- Getting up and running with predictive insights in weeks, not months – Suplari’s data requirements are simple and flexible. Quickly access clean spend and operational data that includes your internal data sets as well as your external supplier data. Make better decisions faster, leading to stronger financial performance with measurable outcomes.
