Global Biotechnology Company Launches Aquiire™ Real-Time eProcurement Suite to Transform Global Procurement Operations

CINCINNATI, March 7, 2018 /PRNewswire/ -- Aquiire Inc., the leader in real-time eProcurement and supplier relationship management solutions, announced today that a leading Fortune 500 biotechnology enterprise has launched the Aquiire real-time procure-to-pay (P2P) software suite to automate and streamline their global purchasing operations. Aquiire was selected as a key partner to complement a major digital transformation for the enterprise's procurement organization. 

The Aquiire real-time B2B eProcurement marketplace provides the engine for the organizations global P2P platform, allowing their users around the world to dramatically improve the way they search for and purchase goods, as well as increase their global purchasing power. Aquiire's patented technologies quickly aggregate real-time structured and unstructured data to provide their users with the industry leading consumer-like shopping experience. Aquiire also enables greater purchasing control through real-time guided buying, alternative supplier notifications, vendor management and analytics technologies, which drive visibility, compliance and savings.

"Their initiative required a sophisticated ability for their buyers to purchase from approved suppliers with the best pricing options in a real-time and frictionless manner," said Gary Wilson, Aquiire Head of Customer Operations. "Aquiire has delivered this and more. We are providing key insights and real-time alerts that are helping the organization accelerate compliance and savings."

According to Wilson, the enterprise's previous eProcurement platform was not meeting their organizational needs, and they needed to replace it with a procurement platform for the future with quality and speed. Wilson said that the company implemented the Aquiire real-time eProcurement software solution for the platform's ability to:

• Increase user adoption and satisfaction with the purchasing experience
• Provide efficient real-time universal search and one-stop, consumer-like shopping
• Achieve savings and reduce rogue purchases outside of the organization's approved marketplace
• Deliver enhanced analytics and actionable insights to guide their business decisions
• A continuous roadmap of innovation and thought leadership

"Aquiire is a perfect fit for forward-thinking enterprises that truly embrace the savings, supplier relationship management and spend visibility benefits that our real-time solutions deliver," said Mike Palackdharry, President and CEO of Aquiire. "We are proud to partner with the organization as part of their incredible initiative to use big data and analytics to deliver massive savings to the enterprise."

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.

Aquiire's patented real-time technologies are powerful search and supplier relationship management innovations that are unequaled in the industry. They include patent US7756750, a method and system for providing online procurement between a buyer and suppliers over a network, and patent US 9070164, the integration of buy-side procurement with web-enabled remote multi-format catalog sources. Aquiire has several other patents pending.

Named the 2017 PayStream Advisor Innovative Procurement Technology of the Year, Aquiire is MBE Certified and one of several portfolio companies of Vora Ventures. More information is available at www.Aquiire.com.  Twitter: @Aquiire.

Contact: Paulie Anthony, Director of Marketing
[email protected] | 513/285.8385

SOURCE Aquiire

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