News | March 15, 2018

Global Industrial Corporation Launches The Aquiire Real-Time eProcurement Suite To Drive Procurement Transformation And Savings

Global Fortune 500 enterprise completes implementation of an industry-leading B2B e-commerce marketplace utilizing exclusive real-time technologies that accelerate procurement savings.

Cincinnati, OH /PRNewswire/ - Aquiire, Inc., the leader in real-time eProcurement and supplier relationship management solutions, today announced the successful launch of the Aquiire real-time eProcurement software suite for one of the largest American industrial corporations. The global Fortune 500 leader in fabricated metal products implemented the Aquiire real-time eProcurement marketplace as part of a larger digital-automation strategy to drive more savings and value for the enterprise.

"The enterprise has embarked upon a strategic transformation with a bold vision, and they needed a partner that could provide the modern technology solutions and thought leadership essential to realizing their goals," said Gary Wilson, Aquiire Head of Customer Operations. "Aquiire was their top choice among eProcurement solution providers to help them implement a competitive purchasing environment to drive deeper organizational savings and user satisfaction. Aquiire delivered on every commitment with speed and quality."

According to Wilson, the implementation was completed on time and on budget across North America, South America, Europe and Asia. Wilson said that Aquiire's patented ability to perform real-time universal (cross-catalog) search, as well as instantly offer lower-priced alternative suppliers for the same or similar products at the time of checkout is an essential capability the enterprise needs to achieve their aggressive procurement savings goals.

"The Aquiire real-time P2P suite appeals to pioneering, forward-thinking global enterprises that share our vision of revolutionizing the traditional way organizations approach indirect procurement, B2B e-commerce and supplier relationship management. We are honored to provide the technologies and services that help drive organizational transformations," said Mike Palackdharry, Aquiire President and CEO. "Aquiire's patented real-time eProcurement solutions incorporate innovative, leading-edge functionalities that deliver savings, value and ROI that are unparalleled in the procurement software industry. I am proud of our team for providing the exceptional service our customers expect."

About the Aquiire eProcurement Suite 
Aquiire's intelligent real-time Procure-to-Pay suite brings the convenience and simplicity of the consumer shopping experience to the business user with unparalleled compliance and savings. Aquiire features patented, real-time B2B e-commerce shopping from a single search, advanced machine learning to improve search relevance and spend visibility and cutting-edge supplier relationship management technologies to automate buyer/seller collaborations. Aquiire's best-in-class, intuitive user interface and real-time lower-price comparisons from alternative suppliers deliver untapped savings on indirect spend. The patented, real-time processing of structured and unstructured data also powers advanced capabilities like instant alerts, risk analysis, analytics and price/product compliance enforcement.

Aquiire's patented real-time technologies are powerful search and supplier relationship management innovations that are unequaled in the industry. They include patent US7756750, a method and system for providing online procurement between a buyer and suppliers over a network, and patent US 9070164, the integration of buy-side procurement with web-enabled remote multi-format catalog sources. Aquiire has several other patents pending.

About Aquiire, Inc. 
We are more than procurement thought leaders and disrupters. We are technology entrepreneurs, innovators, and collaborators. Aquiire's eProcurement SaaS platform was developed through real-world collaboration with procurement leaders from some of the largest global enterprises and public institutions. We believe procurement should move in real-time, just like your business. Named the 2017 PayStream Advisors Innovative Procurement Technology of the Year, Aquiire is MBE Certified and one of several portfolio companies of Vora Ventures. More information is available at  Twitter: @Aquiire.

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SOURCE: Aquiire

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