SutiSoft Launches New Spend Management Platform
On June 23, SutiSoft, a California-based provider of cloud-based software solutions, announced the release of its Spend Management Platform for upstream, procurement and downstream, payables activities. It is comprised of seven legacy, cloud-based applications, notably Expense Management, Travel Booking, Procurement, Accounts Payable, Invoicing, Analytics, and Single Sign-On, that are conjoined on a cloud-based platform, are interoperable, and in some cases, automated. As such, they are meant to make the process of signing on and interfacing with the platform, analyzing spend, sourcing and procuring goods and services, booking and managing travel, processing invoices, and issuing payment seamless and efficient.
ArrowStream Launches Spend Visibility Capabilities for Supply Chain Platform
On June 21, Chicago-based ArrowStream, a supply chain management solution-provider that serves the food/service industry, announced the release of a new spend visibility feature to its OnDemand Precision Supply Chain Management Platform. The platform leverages data analytics capabilities to drive historical and current spend analysis and conduct spend audits vis-a-vis supplier contracts. It also alerts users when supplier contracts are about to expire, and allows them to manage food product inventory in-house, gain visibility into supplier inventories, and plan for seasonal menu changes.
SciQuest Launches PartnerSelect Program
On June 28, North Carolina-based SciQuest, which offers automated spend management solutions for procurement practitioners, introduced its PartnerSelect Program, which will allow other solution providers to resell, integrate, extend, or develop SciQuest’s solutions under the SciQuest brand. Interested parties will have to undergo a certification process before being allowed to participate. There are four partnership models being offered: a Services Partnership, which allows businesses to deploy SciQuest’s solutions while developing or enhancing their own solutions; a Re-seller Partnership, which offers training to companies that wish to resell SciQuest solutions alongside their own; a Teaming Partnership for companies that want to jointly market and sell solutions with SciQuest; and finally a Technology Partnership, which allows users to integrate with SciQuest’s source-to-settle solution offerings.
KDS Unifies T&E Management Applications Under a Single Platform
On June 30, KDS, a travel and expense (“T&E”) management solution provider located in London, announced that it is unifying all of its T&E applications and functions under a single platform in its July 16.3 release. These features include Neo Move, its new door-to-door guide and companion mobile app, a total cost of trip visibility tool, an expense adjustment capability, and calendar-based expense management capabilities. All of these functions will be integrated onto a platform in an effort to improve user interface. It is unknown if KDS’ new platform will be cloud-based or on-premises. It will be released July 16.
LLamasoft and Veraction Announce OEM Reseller Partnership
On June 29, Llamasoft, a Michigan-based supply chain optimization software company and Veraction, a Tennessee-based transportation spend management solution provider, announced an OEM partnership wherein Veraction will resell Llamasoft software. The deal will allow Veraction users to mate a supply chain modelling capability with their transportation spend management capability for an enhanced view of supply chains and associated transportation/logistical spend data, allowing them to optimize and reduce their transportation/logistical spend.