Spend Matters, a leading supply chain/procurement industry research and publishing firm, featured a review of Vinimaya’s real-time eProcurement suite–Aquiire. We thank them for their review and look forward to engaging with them to take a deeper look at our transformative procure-to-pay (P2P) software solution. Below is an excerpt from their story. Click the link below to read the entire article.
Earlier this week, Vinimaya announced the official launch of Aquiire, a cloud-based, real-time e-procurement suite. The announcement may confuse some, as Vinimaya has always been in the e-procurement business. But in fact, this is an entirely new solution, albeit one that leverages Vinimaya’s federated search, shopping and marketplace product roots. It’s also the first time Vinimaya has delivered a bundled P2P solution versus individual piece parts.
“The official launch of the Aquiire brand kicks off a new era at Vinimaya that speaks to who we are as a company — innovative, entrepreneurial and bold,” said Mike Palackdharry, president and CEO of Vinimaya. “Aquiire is the fifth generation solution from Vinimaya that clearly expresses our vision, expertise and thought leadership.”
FROM E-CATALOG TO A P2P TREE
Vinimaya is not new to the procurement space. Since the early 2000s, Vinimaya has delivered a unique federated search and catalog management capability. But with Aquiire, the company is entering to the highly competitive procure-to-pay (P2P) product market. Aquiire leverages Vinimaya’s depth in advanced search and semantic web technology. It’s not simply a “me too” eProcurement solution. For our PRO subscribers, Spend Matters will be doing an extensive analysis of the full Aquiire solution suite in the coming weeks. But for now we can say the philosophy driving the product is not so dissimilar from the past in terms of a “virtual catalog” model that blurs the line between locally hosted catalogs, punch outs, e-forms and package-based ordering models (e.g., lists, kits, bundles). The solution has also jumped on the guided buying bandwagon with an approach that leverages personalized business rules and workflow.
SO WHAT’S IT LIKE?
One of the clever concepts of Aquiire is a “punch in” approach. In short, while it can allow users to “punch out” to a supplier site like Amazon Business, the idea is not to hand the user off to a supplier’s website for upsell or cross-sell but to more tightly control the process treating the “punch out” like a synthetic catalog. We saw a quick demo of this, but we need to see more. Stay tuned — it’s got us thinking.
On a more foundational level, the solution has strong semantic web modeling, visualization and the manner in which it serves up “facets” on the side of a screen just like Google Shopping, Amazon or any good sell-side e-commerce site is visually appealing and different than other P2P providers. Further, the solution lets users sort results by priority flag, which they can use for approved suppliers in a category (in a manner that is not so dissimilar from looking for hotels on a corporate travel site based on approved permissions and negotiated rates).