Suplari

Founded in 2017, the American company Suplari is the developer of the cloud solution Spread Intelligence Cloud, which allows managers of financial, procurement and commercial organizations to continuously and jointly optimize vendor search, forecasting, risk management and compliance.

Based on best practices, machine learning Suplari helps medium and large enterprises achieve cost flexibility by automating data collection, analytics, and actions to forecast and manage costs, cash flows, and investments across the enterprise. ON Spend Intelligence Cloud is rapidly deployed and can benefit from less than 90 days of use.

History

2021: Microsoft bought Suplari

At the end of July 2021, Microsoft bought the developer of the Suplari cloud platform for managing expenses. The financial terms of the transaction are not disclosed. Microsoft plans to merge Suplari Spend Intelligence Cloud (the main Suplari product) with Dynamics 365.

Frank Weigel, vice president of Microsoft Dynamics 365 Insights Product Group, noted that combining Suplari's cost planning solution with existing Dynamics 365 capabilities will allow Microsoft to even better help organizations become more insightful and allow business leaders to make more effective strategic decisions.

Microsoft acquired Suplari

Together with Dynamics 365, Suplari Spend Intelligence Cloud will help customers maximize financial transparency by using AI to automate the analysis of current data and historical patterns from multiple data sources. The merger will also help customers improve financial decision-making by forecasting the most effective cost management actions in the future, Weigel explained.

According to Suplari CEO Nikesh Param, by the end of July 2021, the company's platform manages expenses worth more than $180 billion. The company has been cooperating with Microsoft for several years.^[1]

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