Suplari Announces The Release Of Agile Performance Management, A New Procurement And Finance Solution For Spend Planning, Monitoring, And Optimization

Suplari | May 25, 2021

Suplari, the Spend AgilityTM group, today unveiled Agile Value Management, a new solution that facilitates 360° procurement preparation of strategic spend, purchasing order, retailer, risk management, and diversity strategies to achieve savings and increased financial performance. Agile Performance Management provides consistent insight and cross-functional responsibility for business priorities based on linked and prompt spend, purchasing order, and contract intelligence derived from a range of enterprise processes. It also provides managers with AI-based automatic actions, results monitoring, and rich communication tools to help them accomplish their objectives.

Suplari, the Spend AgilityTM group, today unveiled Agile Value Management, a new solution that facilitates 360° procurement preparation of strategic spend, purchasing order, retailer, risk management, and diversity strategies to achieve savings and increased financial performance. Agile Performance Management provides consistent insight and cross-functional responsibility for business priorities based on linked and prompt spend, purchasing order, and contract intelligence derived from a range of enterprise processes. It also provides managers with AI-based automatic actions, results monitoring, and rich communication tools to help them accomplish their objectives.

Agile Performance Management enables sourcing, finance, and corporate units to generate value in a more effective, agile, and systematic manner. Agile Performance Management transforms procurement performance across vast organisations by empowering executives to Plan, Execute, and Measure their programmes.

"The rapid pace of business transformation since the beginning of the pandemic means that procurement and finance leaders need modern performance tools to hold company-wide teams accountable," explains Suplari CEO Nikesh Parekh.  He further states, "Using clean data from all systems and AI-based insights, Agile Performance Management automates planning, analyzing, and delivering results across the organization."

"As the head of our procurement team, I'm held accountable for accurate spend projects and savings results across the company," mentions Michael Shields, Director of Procurement at Qualtrics.  He further adds, "Setting accurate business performance goals and holding other teams accountable to them was challenging because we had data in different systems, and there was little visibility and ability to collaboratively plan. With Suplari I can now see clean data, set clear goals, check daily progress, receive AI based savings recommendations, and pro-actively collaborate cross functionally to improve results. It's a game changer."

Suplari and Suplari Agile Performance Management can be put in place in as little as four weeks. Suplari's Spend Intelligence Cloud provides a repository of hundreds of digital insights that forecast and track business prices, cash flow, and investments. Suplari Insights distils thousands of data points about vendors, contracts, buying requests, and budgets into actionable "opportunities" for finance and procurement professionals using sophisticated algorithms and industry best practises.

About Suplari
Suplari is the Spend Agility ™ Company. Suplari delivers 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.


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AFS and Jingle Pay | October 12, 2022

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Wagepoint | October 27, 2022

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