News Feed Item

With a Record Sales Year Aquiire Accelerates eProcurement to the Speed of Now

Vinimaya announces a record 2016 sales year as its new procure-to-pay (P2P) software suite catches hold in solving the pain points surrounding antiquated B2B shopping experiences

CINCINNATI, Jan. 12, 2017 /PRNewswire/ -- Vinimaya, Inc., a leader in B2B e-commerce and supplier relationship management solutions, experienced 2016 sales results that were an increase of more than 300% from the company's previous best year.  The growth was led by strong market adoption of its new Aquiire eProcurement suite, offering patented universal shopping capabilities which deliver a real-time, consumer-like shopping experience that keeps internal buyers from opting out for more expensive and less compliant external purchasing options.

"Whether it is real-time guidance around road traffic jams or a live view of in-store product availability, we all increasingly expect to be engaged in an exchange of accurate 'in the now' information to makes our lives easier," said Tulsi Zeidman, Vinimaya Head of Strategic Solutions.  "Unfortunately, current B2B buying processes in the workplace aren't able to live up to this 'speed of now' expectation, so many users ultimately opt out of internal purchasing systems and organizations miss out on savings and control." 

Aquiire has made particularly strong inroads within Fortune 1000 companies and the higher-education market due to inflexibility of incumbent solutions and an increasingly complex regulatory environment that requires high internal purchasing process control and audit capabilities.  Beyond regulatory compliance concerns, rogue purchasing done outside an approved purchasing process is a real cost issue for large organizations.  Recent research from Ardent Partners has determined that for every dollar that's spent off-contract, there's an average loss of between 12% and 18% to the enterprise.

"Companies are realizing that they can solve their 'last mile' user shopping issues through a quick hit, high ROI Aquiire project that overlays existing ERP and procurement infrastructure while still providing a path to a complete, modern P2P solution in the future," said Vinimaya CEO Mike Palackdharry.  "With a new leadership team now in place and the Aquiire software solution gaining traction in the market, 2017 is shaping up to be a breakout year."

The Aquiire P2P software suite was built from the ground up as a real-time solution to meet increasing "speed of now" user demands.  The main weaknesses with current eProcurement platforms that drive users outside the system include complex or manual ordering processes, inaccurate product and supplier data and archaic B2B marketplace functionality that isn't keeping up with consumer purchasing expectations.  Since the Aquiire real-time, universal shopping capability can be implemented as either a targeted, point solution or the first phase of a complete Aquiire P2P eProcurement solution, user adoption benefits can be realized quickly. 

About the Aquiire Real-Time P2P Suite
Aquiire from Vinimaya is the only true real-time P2P suite in the industry.  Aquiire's intelligent eProcurement platform features patented, real-time universal (cross-catalog) shopping, data aggregation, analytics, guided buying and supplier relationship management (SRM) solutions.  Aquiire provides an uninterrupted consumer-like shopping experience while applying specific guided-buying and compliance rules to present appropriate items based on specific procurement strategies.  More information is available at www.Aquiire.com.  Twitter: @Aquiire.

About Vinimaya
Vinimaya is a MBE-certified technology company and a thought leader and innovator of real-time B2B eCommerce solutions for some of the largest organizations in the world.  The company is dedicated to a solutions-focused, collaborative approach in working with their global customers.  Since 2000, Vinimaya has been developing personalized, cloud-based technology solutions designed to solve their customers' unique business challenges.

Vinimaya is one of several portfolio companies of Vora Ventures, which was recently named the Technology Company of the Year in Cincinnati.

Contact: Paulie Anthony |Director of Marketing | 614.397.7490 (mobile) | [email protected]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/with-a-record-sales-year-aquiire-accelerates-eprocurement-to-the-speed-of-now-300389627.html

SOURCE Vinimaya, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...