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PayStream Advisors Names Aquiire the 2017 Innovative Procurement Technology of the Year for Real-Time B2B E-Commerce Technologies

Leading accounts payable and supply chain management research and advisory firm names the Aquiire Real-Time Procure-to-Pay Suite their top award for technology innovations in procurement.

Aquiire, Inc., a leader in real-time eProcurement and supplier relationship management solutions, was recognized as the 2017 Innovative Procurement Technology of the Year by financial research and advisory firm PayStream Advisors in its annual Innovation Awards. The announcement was made on Tuesday, November 14, during the IOFM Accounts Payable and Procure-to-Pay Conference and Expo at the Bellagio Resort and Casino in Las Vegas.

“PayStream’s innovation awards are given to providers that we feel are creating game-changing software in their industry,” said Jimmy LeFever, Director of Research & Consulting at PayStream Advisors. “We identified Aquiire as one of the winners for a few reasons, one of which was their catalog functionality. Their solution combines real-time data management and an intuitive user interface to streamline catalog-based indirect procurement.”

PayStream Advisors’ Innovative Technology of the Year Awards are awarded to software providers that deliver especially intuitive, progressive solutions for automating financial processes. This year, PayStream’s team of technology experts evaluated more than 90 providers, using product demos, customer surveys and interviews to identify the winners. Criteria of innovation include the:

  • Provider’s ability to meet the efficiency needs of a diverse range of customers
  • Breadth of the solution’s features for back-office processes, including Procure-to-Pay,
  • Source-to-Settle and travel and expense management
  • Solution’s flexibility and configurability
  • Visual quality and intuitiveness of the solution’s design
  • Provider’s strategic focus and technology development goals

The Aquiire procure-to-pay platform features patented, real-time technologies that gives purchasing organizations the ability to search across unlimited supplier e-commerce websites, hosted catalogs and local inventory and instantly return results to an intuitive consumer-like marketplace. Aquiire’s exclusive ability to instantly compare supplier variables, including the lowest priced supplier, at the time of checkout is saving purchasing organizations millions annually on their managed spend.

“We are honored to receive this outstanding award, and we thank PayStream Advisors for recognizing the tremendous value our real-time technologies deliver to our customers,” said Aquiire CEO and President Mike Palackdharry. “This award honors our innovations in real-time B2B e-commerce that are transforming the way procurement organizations do business and deliver extraordinary levels of user adoption, compliance, value and savings. We will aggressively continue in our mission to develop leading-edge, real-time solutions that address the ever-changing challenges and complexities of the B2B e-commerce industry. We credit our customers for collaborating with Aquiire to solve current and future industry challenges.”

About PayStream Advisors
PayStream Advisors is a research and advisory firm focused on business process automation in sourcing, supply chain management, procurement, accounts payable, payments, and expense management. PayStream’s team of experts provide targeted research and consulting services to address the changing needs of finance and procurement professionals. PayStream is dedicated to maximizing returns and minimizing risks associated with technology investment. PayStream’s research reports, white papers, webinars, and tools are available free of charge at PayStream Advisors is a division of Levvel, an IT consulting firm specializing in technology strategy, design, architecture and DevOps.

About the Aquiire eProcurement Suite
Aquiire’s intelligent real-time Procure-to-Pay suite brings the convenience and simplicity of the consumer shopping experience to the business user with unparalleled compliance and savings. Aquiire features patented, real-time B2B e-commerce shopping from a single search, advanced machine learning to improve search relevance and spend visibility and cutting-edge supplier relationship management technologies to automate buyer/seller collaborations. Aquiire’s best-in-class, intuitive user interface and real-time lower-price comparisons from alternative suppliers deliver previously untapped savings on indirect spend. The patented, real-time processing of structured and unstructured data also powers advanced capabilities like instant alerts, risk analysis, analytics and price/product compliance enforcement.

About Aquiire, Inc.
We are more than procurement thought leaders and disrupters. We are technology entrepreneurs, innovators, and collaborators. Aquiire’s eProcurement SaaS platform was developed through real-world collaboration with procurement leaders from some of the largest global enterprises and public institutions. We believe procurement should move in real time, just like your business. Aquiire is MBE Certified and one of several portfolio companies of Vora Ventures. More information is available at Twitter: @Aquiire.

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