Tradeshift Adds Artificial Intelligence Capability to Platform
On March 24, Tradeshift, the California-based provider of supplier collaboration networks, announced that it has added an artificial intelligence (AI) “layer” onto its business/supplier network to boost user functionality and B2B collaboration. Dubbed Tradeshift Ada, the new AI feature leverages machine learning and natural language processing to learn user behaviors and preferences, automatically pre-populate forms and fields, push options to the user (like alternative commodities, products, or suppliers), and provide users with spend data and analytics. Tradeshift Ada will integrate with other tools on the platform, like Tradeshift Go, Tradeshift Buy, and Business Analytics. And it will be available to end users along the source-to-settle process, but outside of procurement.
Ivalua Introduces Many New Products and Features
On March 23, Ivalua, a California-based provider of spend management solutions for the cloud, announced a slew of new products and features for specific industries, buyers, and suppliers. Updates and new features for specific industries, namely manufacturing, banking and financial services, public sector, healthcare, and oil, gas, and energy, include improved sourcing and risk management capabilities, greater contract management and compliance, enhanced mobile functionality, and greater spot sourcing, among many others.
Ivalua also announced the release of seven so-called “pre-defined packages for quick time-to-value,” or solution offerings grouped and offered to customers to support specific programs. These are: 1) Source-to-Pay, 2) Source-to-Contract, 3) Procure-to-Pay, 4) Invoicing, 5) Spend Analysis, 6) Supplier Compliance and Risk, and 7) Advanced Supplier Management. Ivalua also announced that its platform will serve as a master data management tool for suppliers and items/services across the enterprise. Finally, Ivalua shared news of other product enhancements, including improved supplier qualification, greater eAuction support, improved eProcurement functionality and performance, the creation of mobile expense management, and enhancements to its spend analytics solution.
Zylo Joins the Intacct Marketplace
Last month, Zylo, the Indiana-based provider of cloud-based software built to help organizations discover, manage and optimize their own cloud investments, announced that it has joined the Intacct Marketplace, which is a hub for interconnected analytic, payment, and other applications. Zylo’s addition to the Intacct Marketplace allows customers of both firms to optimize the applications residing on both platforms, some of which may be hidden to them. Zylo previously had integrated with Intacct in October 2016; partnering with Intacct now fosters faster optimization and value for customers of both providers.
Exari and LexisNexis UK Expand Partnership
Last month, it was announced that Exari, a Boston-based provider of cloud-based contract management solutions, and LexisNexis, a provider of legal, media, and risk management solutions for enterprises, have expanded their partnership in the UK to bring Exari’s automated document generation software to LexisNexis’ legal tools. The resulting partnership will enable legal (and procurement) practitioners to increase efficiencies when creating new or editing existing contract documents, and can save both parties significant time and money that can be reallocated elsewhere in the contract management lifecycle.
Beroe Announces Beroe LiVE, an On-Demand Procurement Intelligence Platform
Beroe, a supply chain risk and intelligence solution provider based in North Carolina, recently announced the deployment of Beroe LiVe, an on-demand (cloud-based) market and risk intelligence platform for procurement. Free subscribers will have indefinite access to a multitude of “category intelligence reports” covering market, supply, cost, and pricing analysis; TCO models, supplier information, and performance benchmarks; macroeconomic and regional trends that could impact operations; and category specific negotiation and sourcing advice from Beroe’s category experts. Paid subscribers will have access to more detailed intelligence reporting, including direct support from Beroe’s experts.
BravoSolution Announces Release 17 for BravoAdvantage Suite
ConnXus Expands Cloud-Based Supplier Management Platform
ConnXus, an Ohio-based provider of supplier discovery, diversity, and management systems for the cloud, recently announced the expansion of its cloud-based supplier management platform to include procurement, supplier relationship management, and supply chain sustainability applications. Known as a supplier discovery solution provider linking minority, service-disabled, and women-owned businesses with each other, ConnXus is expanding its applications in an effort to increase transparency into supply chains and help to make them more ethical and sustainable.
Dun & Bradstreeet Partners with ThomasNet on Supplier Risk Analysis
Last month, Dun & Bradstreet (D&B), the New Jersey-based provider of third-party credit, market intelligence, and risk information, announced that it has partnered with ThomasNet, the New York-based provider of cloud-based supplier discovery and eSourcing solutions, to enhance the quality of supplier risk assessments for procurement. The Supplier Evaluation & Risk Report combines D&B and ThomasNet reporting to provide procurement and supply chain with supplier intelligence that is necessary to conduct a thorough due diligence review prior to entering into long-term, strategic agreements with suppliers. Some of the kinds of data available in the Reports include: from D&B, supplier evaluation and risk rating, public filings (lawsuits, liens, judgments), and financial risk indicators; and from ThomasNet, supplier capabilities, locations, and quality and diversity certifications.
Tagged in: Contract Lifecycle Management, eSourcing 2.0, Innovation, Matthew York, P2P, Process, Solution Providers, Source-to-Settle, Sourcing, Spend Analysis, Supplier Relationship Management, Supply Risk, Tech Round-Up, Technology