I have exciting news to share:
Suplari has been acquired by Microsoft.
In 2016, we started Suplari with the vision of empowering teams to make better and faster purchasing decisions by leveraging AI-driven insights from the data trapped in antiquated enterprise systems – ERP’s, Source to Pay systems, budgets, contracts, T&E systems, and corporate cards. We built an awesome team and product that is second to none in the category.
Fast-forward five years and Suplari now manages more than $180B in spend across millions of transactions per month for global corporations.
Suplari and Microsoft have a common view of a data-driven future
Suplari & Microsoft have had partnership discussions for several years. We have always been impressed with the combination of cloud-based Dynamics 365, Microsoft’s deep investments in AI, and the Azure cloud. Microsoft also has a bold data-first vision of the future. Now data can be collected from almost any source. Applications must ingest data and drive predictions that accelerate analysis, decision making, and automation.
Our customer focus will continue.
Customers can expect continued excellence from our product, our insights, and our success team as part of Microsoft. Nothing changes right now and we are happy to answer any questions that you may have. Customer first is our primary company value and customer focus will remain our top priority.
Our deepest thank you.
None of this would have been possible without our visionary and innovative customers, great partners & advisors, supportive investors, and most importantly, the fantastic team we have here at Suplari. The people here at Suplari have made both the product and the culture here second to none (based on our CAN values – Customer First, Agility Mindset, and No Ego).
Thank you. We are very grateful for your support and confidence you have placed in us.
Excitement for the road ahead.
We are excited for the new road ahead with Microsoft. I am ecstatic to report that 100% of our team is continuing to work together to extend Suplari’s Spend Intelligence Cloud at Microsoft. Customers can continue to expect the same great product experience from Suplari going forward as part of Microsoft. Given Microsoft’s AI, cloud and data investments, customers can expect that Suplari will continue to deliver more AI-driven, predictive & prescriptive insights and integrated workflows for finance, procurement, & supply chain teams.
You can find Microsoft’s official announcement here.
I look forward to continuing this journey with all of you.
– Nikesh Parekh, CEO of Suplari