Aquiire is Awarded Fourth Patent for Innovations in Electronic Procurement

Leading real-time procure-to-pay software company awarded US patent for technologies centered on online eProcurement.

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Sep 12, 2018, 08:34 ET

CINCINNATI, Sept. 12, 2018 /PRNewswire/ -- Aquiire, Inc., the leader in real-time eProcurement and supplier relationship management solutions, today announced that the United States Patent and Trademark Office has issued U.S. Patent No. 10,068,266 "Methods and systems to maintain, check and audit contract and historical pricing in electronic procurement." The newly issued patent is the fourth in Aquiire's family of eProcurement patents.

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.

"This latest award expands our growing portfolio of patents and reaffirms our commitment to aggressively develop innovative solutions to meet our customers challenges today and in the future," said Aquiire CEO Mike Palackdharry. "To have our inventions recognized by the US Patent Office is a tremendous source of pride for the entire Aquiire team."

Aquiire's patented real-time technologies are powerful search, auditing and supplier relationship management innovations that are unequaled in the industry. In addition to this latest patent, Aquiire also holds patents covering a Method and System for Providing Online Procurement Between a Buyer and Suppliers over a Network (US7756750); Integration of Buy-Side Procurement with Web-Enabled Remote Multi-Format Catalog Sources (US 9070164); and Methods and Systems for Integrating Procurement Systems with Electronic Catalogs (US 9996863). Aquiire has several other patent applications pending.

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.

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. Aquiire is MBE Certified and one of several portfolio companies of Vora Ventures. More information is available at www.Aquiire.com. Twitter: @Aquiire.

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