Recession Warning Signs Are Flashing Red

August 19, 2019By Niki ParekhBlog, COVID-19
Recession Warning Signs Are Flashing Red

Procurement & finance teams and anyone with a 401k witnessed the extreme volatility of the stock market during the week of August 12th.  The financial markets are predicting a near term recession. The US-China Trade War is causing a global slowdown.  It is hitting Asia and Europe first. The US economy seems very strong right … Read More

Top-of-Mind for Today’s CPOs? Providing Strategic Value

June 5, 2019By Niki ParekhBlog
Top-of-Mind for Today’s CPOs? Providing Strategic Value
Last month I joined procurement leaders from both public and private institutions at the New York City CPO Event. I was thrilled to be included among some of the visionaries who are redefining procurement’s role in the modern enterprise. Here’s a few thoughts shared by the procurement professionals on the panel discussion we sponsored called [...]

The Advantages of AI in Procurement are Closer Than you Think

May 20, 2019By Niki ParekhBlog
The Advantages of AI in Procurement are Closer Than you Think
At last week’s Western Region SIGnature (Sourcing Industry Group) Event, I spoke to sourcing and procurement professionals here in greater Seattle. As usual, AI was a hot conversation topic, but the focus of the discussion has evolved.  A few years ago, when people were just beginning to explore AI, conversations began with “What can AI [...]

4 Simple Steps to Modernizing Procurement in Your Organization

April 24, 2019By Niki ParekhBlog
4 Simple Steps to Modernizing Procurement in Your Organization
At this year’s ProcureCon Indirect East I had the opportunity to talk with dozens of leaders who were exploring ways to leverage AI to transform procurement from an organization focused on cost reduction to one that creates new opportunities for growth. Many were overwhelmed by the different kinds of technology available. How do you incorporate [...]

New Years Resolutions – Democratize Your Data

December 11, 2018By Niki ParekhBlog
January 1st is right around the corner.  Does your finance or procurement team have a plan to drive a highly visible, strategic initiative in 2019 that results in a consistent “seat at the table?”  Don’t worry if you don’t. Having spoken to many procurement leaders at mid-market and large companies around the world, driving truly [...]

Suplari launches Insights Generator to rapidly build customized AI applications for Finance and Procurement organizations

September 19, 2018By Niki ParekhPress Releases

Suplari Insights Generator enables financial and procurement professionals to easily design their own customized AI-powered insights without engineering or data science resources to deliver business outcomes SEATTLE – September 19, 2018 – Suplari, the AI-driven insights platform for procurement and finance, today announced the release of the Suplari Insights Generator. This new release enables companies … Read More

Suplari’s AI-Driven Contract Intelligence Uncovers Millions in Savings for Enterprise Organizations

August 15, 2018By Niki ParekhPress Releases

Suplari’s AI-Driven Contract Intelligence Uncovers Millions in Savings for Enterprise Organizations Suplari Applies Artificial Intelligence to Existing Contract Management and Financial Systems to Deliver Sourcing Insights and Negotiating Leverage SEATTLE – August 15, 2018 – Suplari, the AI-driven insights platform for procurement and finance, today announced the release of Contract Intelligence, which applies artificial intelligence to … Read More

Suplari Named a 2018 Spend Matters Provider to Watch

July 17, 2018By Niki ParekhPress Releases

Suplari Named a 2018 Spend Matters Provider to Watch SEATTLE – July 17,  2018 – Suplari, the provider of an AI-driven insights platform focusing on finance and procurement, has been named a 2018 Provider to Watch by Spend Matters, a leading procurement and supply chain research site. “Procurement analytics are shifting from descriptive analytics and forensic spend … Read More

Six Time-Wasters in Procurement

June 18, 2018By Niki ParekhBlog

Could your team use another hand or a few extra hours in the day? It’s easy to feel understaffed in procurement, but maybe more help isn’t the answer: the Hackett Group found that world class procurement departments have 27% fewer employees. Instead, maybe time sinks are plaguing procurement departments. Using Time More Wisely Smaller teams … Read More