CPO Rising’s Technology Round-Up Series returns today with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend management solution provider and you are continually innovating the way that procurement and supply chain leaders and practitioners drive value, we’d love to hear from you. Please drop us a note at info at cporising dot com. Thanks, and enjoy!
Bernshteyn Departs Coupa as CEO and Chairman
SAN MATEO, Calif. — Coupa Software, a leader in business spend management (BSM), announced that Rob Bernshteyn has departed the company after more than 14 years as CEO and Chairman.
According to Bernshteyn, “It’s been the professional and personal privilege of my lifetime so far to lead this company and help to define Coupa’s community-driven strategy and vision. With Business Spend Management, my Coupa colleagues and I proudly galvanized an entirely new category of software innovation,” he said.
“We developed a community of leaders representing more than 3,500 organizations, along with an ecosystem of partners and suppliers that’s become the benchmark of the industry.”
The company announced Charles Goodman as Coupa’s interim CEO, effective immediately. Goodman is Coupa’s board chairman and has more than 30 years of experience building profitable enterprise software businesses.
Bernshteyn added, “As Charles steps into the interim CEO role, he brings extensive experience in guiding software companies through different stages of transition, leaving Coupa in good hands. With my departure, I leave forever grateful to the entire Coupa community and to all the Coupa colleagues I’ve had the pleasure to work with throughout these past 14 years.”
Read the full announcement here.
Keelvar Unveils Autonomous Sourcing Solution
CORK, Ireland — Keelvar, a global pioneer of intelligent sourcing optimization and automation solutions, launched the next-generation of its autonomous sourcing solution which, combined with its sourcing optimization platform, fuels a revolutionary approach to sourcing.
The announcement makes Keelvar the only provider in the market to offer an optimization and automation solution in one tool for transformed sourcing across the full spend lifecycle — from strategic to tail — with no training or sourcing experience required.
According to Alan Holland, founder & CEO of Keelvar, “Many procurement teams are under-resourced, yet have increasing workloads with faster turnaround times expected by internal stakeholders. Legacy sourcing applications are no longer fit for purpose as they are either too difficult to use, don’t work for all spend types or too basic to handle complexity,” he said.
“Keelvar Autonomous Sourcing solution extends our Sourcing Optimization platform, enabling businesses to make optimization available throughout the organization. Keelvar enables sourcing teams to scale sourcing excellence across the entire spend lifecycle to easily and efficiently manage large, complex sourcing events as well as simple, repetitive, ad-hoc tenders all from one easy-to-use tool, without increasing resources,” Holland added.
Read the full announcement here.
Procure IT to Deliver Data-driven Platform for IT Sourcing, Spend, Performance & Risk Management
CARROLLTON, Texas and LAS VEGAS — Randy Jeter, Andrew Laughter, William Hiatt, and Dylan Bouterse, the executives behind the launch of RapidScale and its sale to Cox Business in 2018, announced the merger of four technology advisory firms to form Procure IT, a game-changing data-driven IT procurement and management company.
The company states that Procure IT promises to combine people, processes, and software to create an industry-first platform for IT sourcing and spend, performance, and risk management.
According to Randy Jeter, Procure IT managing partner and former RapidScale CEO, “We believe the market demands more than another — albeit bigger — technology consulting firm,” he said. “Procure IT’s mission is to become an IT procurement and management company powered by a data-driven platform for predictive IT purchasing, cost control, performance, and risk management.”
Read the full announcement here.
