DocuSign and Revitas Integrate Solutions for Enhanced Contract Management

Earlier this summer, Revitas, a Philadelphia-based provider of revenue acceleration solutions, and DocuSign, the San Francisco-based provider of Digital Transaction Management (DTM) solutions, announced that they have partnered to integrate DocuSign’s electronic signature feature onto Revitas’ Contract Manager solution. The integration is expected to yield enhancements to the full lifecycle of contract management – from implementing custom workflows, to removing obstacles associated with paper-based contracts, to introducing a heightened level of security into contract management. As a result of the integration, end users can experience increased efficiencies, faster time-to-decision, and the convenience of executing contracts on a cloud-based, mobile-enabled solution.

Coupa Acquires InvoiceSmash to Drive B2B Commerce Transformation

Coupa Software announced recently that it had acquired InvoiceSmash, an Australian firm dedicated to automating data capture and workflows for accounts payable. Cloud-based InvoiceSmash also has some unique “learning” capabilities, where the solution recognizes similarities and differences in submitted invoices—sent to a unique email address—so that it can better extract relevant data and send it to the buyer’s accounting system. The InvoiceSmash solution extracts data directly from the text/PDF of the submitted invoice, rather than using OCR, and is designed to be integrated via API into the buyer’s accounting/ERP software. More to the point, the solution will automatically create profiles for new suppliers if it receives an invoice from a new company.

This is a very good acquisition for Coupa, which prides itself on eliminating the supplier enablement process from its solution. InvoiceSmash does this handily, in addition to the solution’s ability to completely automate invoice data extraction and create templates based on repetitive invoice submissions. Coupa plans to make InvoiceSmash’s capabilities available to select Coupa customers later this year as it works to integrate the Australian company’s functionality into its current invoicing software.

PROACTIS Releases New Cloud-based Spend Analysis Solution

In early July, PROACTIS, the UK-based provider of spend management and eProcurement solutions for the cloud, announced the release of its new cloud-based spend analysis solution, PROACTIS Spend Analysis. The new solution allows end users to upload spend data from P2P, ERP, an AP systems via the cloud, automatically cleanse, categorize, and enrich the data, and provide a “slice and dice” capability for multiple views of the same data set on an intuitive dashboard that is mobile-enabled. As a result, end users will have the capability to autonomously manage and review historical spend data, make informed buying decisions, enforce internal and external contract compliance, and better engage in supplier performance and risk management.

ThomasNet Develops Exclusive Supplier Discovery Solution for Wal-Mart

Also in early July, ThomasNet, the New York-based provider of cloud-based supplier discovery and eSourcing solutions, announced that it has built and deployed a unique supplier discovery solution exclusively for Wal-Mart to support the Arkansas-based retailer’s efforts to source more products and components from U.S.-based suppliers. ThomasNet built upon their existing platform for users and delivered to Wal-Mart a unique solution that allows users to upload a list of approved vendors for easy cross referencing against ThomasNet’s suppliers. It also allows users to send RFIs out to an unlimited number of suppliers on ThomasNet.com, while ThomasNet staffers will conduct RFI follow up on the user’s behalf. Lastly, users can collaborate more effectively with each other by sharing saved suppliers and supplier “short lists” with each other, thereby reducing duplicative efforts and allowing new users to pick up where others left off. With this tool built exclusively for Wal-Mart, the mega-retailer intends to source $250 billion from U.S. manufacturers by 2023.

Tradeshift Partners with Quyntess, Deploys Three New Apps for Platform

In early July, Tradeshift, the San Francisco-based online business network, announced that it has partnered with Quyntess, a Netherlands-based supply chain collaboration solution provider, to build and deploy three applications for Tradeshift’s open platform. The three apps give Tradeshift users the ability to manage direct spend through order collaboration, e-logistics, and advanced inventory collaboration capabilities. Tradeshift users will be able to collaborate more closely among procurement, supply chain, and logistics, gain greater visibility into, and manage direct and indirect spend categories more effectively than if they were leveraging a pure-play solution.

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Tagged in: Ardent Team, Contract Lifecycle Management, eProcurement, eSourcing, Innovation, Solution Providers, Technology