Microsoft announced the acquisition of Suplari, a leading provider of supplier spend insights that enable companies to proactively manage supplier spend by transforming data from multiple sources, such as contracts, purchase orders, invoices, expenses, and supplier risk, into valuable insight.
Suplari currently supports mid-size and large enterprises to continuously manage costs and cash flow using unified, cleansed data, automated insights, and predictive actions.
Founded in 2016, Suplari analyses procurement and spending data flowing into various enterprise systems. It provides recommendations for cost savings, risk exposure, and other efficiency gaps.
Together with Dynamics 365, the Suplari Spend Intelligence Cloud will help customers maximise financial visibility by using AI to automate the analysis of current data patterns from multiple data sources.
Customers will have the option to seek support in financial decision-making and Suplari can predict the best spend management actions moving forward. The Suplari Spend Intelligence Cloud is still available in the market with no change for existing customers.