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Everstream Raises $50M in Series B Funding to Accelerate Global Supply Chain Sustainability

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Everstream Raises $50M in Series B Funding to Accelerate Global Supply Chain Sustainability

Round led by StepStone Group and Morgan Stanley Investment Management’s 1GT Platform to power operational risk and ESG performance innovation

Everstream Analytics, the global supply chain insights and risk analytics company, announced the close of a $50M Series B funding round co-led by Morgan Stanley Investment Management as part of its 1GT private equity platform and StepStone Group, with participation from existing investor Columbia Capital.

Capital raised will fuel Everstream’s cutting-edge supply chain risk and performance insights. With a focus on informing strategic decisions across all supply chain functions, Everstream’s technology drives operational excellence, delivers strong financial returns, and builds lasting supply chain sustainability for the world’s most progressive and influential organizations.

Read More: SalesTechStar Interview with Niels Fogt, Director of Automation Solutions at Tray.io

Unrivaled visibility and risk intelligence spanning planning, procurement, and logistics

From helping demonstrate compliance with supply chain due diligence regulations around the world, such as the Uyghur Forced Labor Prevention Act (UFLPA), to driving emissions reduction through intelligent logistics recommendations, Everstream continues to outpace and out-innovate its competitors while delivering unmatched value to clients. It has a proven track record of significantly reducing the time and effort required to map a supply chain at the n-tier level. With a vast proprietary database and advanced data science and meteorological expertise, Everstream offers deeper predictive capabilities in areas like climate, that other providers cannot. The company was recently named one of the World’s Most Innovative Companies for its application of AI and predictive analytics to anticipate and mitigate the entire spectrum of global supply chain risk.

“2023 has already been momentous for Everstream, and we’re not even through the first half. This funding comes when we are doubling down on our product innovation and executing rapidly and decisively to advance supply chain sustainability, which is more critical now than ever,” said Julie Gerdeman, CEO of Everstream. “I’m grateful to our customers, investors, partners and team for their trust and collaboration as we champion this modern-day supply chain revolution.

Read More: Give Shoppers What They Want: How Live Shopping Bridges the Gap Between Social Commerce and Customer Care

ESG performance measurement and improvement for a sustainable future

Morgan Stanley Investment Management’s 1GT Platform drives investment into private companies whose activities aim to collectively prevent or remove one gigaton of carbon dioxide equivalent (CO2e) emissions from the Earth’s atmosphere through 2050.

“Everstream is helping companies around the world make measurable, meaningful progress in emissions reduction,” said Vikram Raju, MSIM’s Head of Climate Investing and the 1GT Platform. “Our platform is exclusively for companies that provide products or services to address time-critical carbon impact issues, while meeting fiduciary obligations to their investors. Everstream supports this goal by helping sustainable supply chains remain profitable while reducing emissions and we’re excited to see how the company grows to further achieve this mission.”

Everstream’s proprietary data fuels the World Economic Forum’s Value Chain Barometer to help manufacturing and supply chain companies and governments anticipate and navigate supply chain risk and disruption.

Explosive growth and market leadership with proven results

Everstream has doubled year-over-year bookings for two years in a row, celebrated a record Q4 in 2022, and is off to the strongest start in company history in 2023. With Everstream, global brands like AB InBev, Whirlpool, Danone, Abbott Laboratories, Boston Scientific Corporation (BSCI), and more, have achieved up to 30% reduction in revenue losses from disruption and 70% less time invested in managing risks.

In addition to its rapidly growing global client community, Everstream continues to expand its robust partner ecosystem. With market leading collaborators such as SAP, Accenture, tive, Oracle, project44, Deloitte, FourKites, infor, BlueYonder, Kinaxis, Bain & Company, Camelot, and others, Everstream’s industry-shifting insights and recommendations are reaching the right people when and where strategic supply chain decisions are made.

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Jifflenow Announces Cvent Partnership and Enhanced Product Integration

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Jifflenow Announces Cvent Partnership and Enhanced Product Integration

jifflenow-new-logo@4x

Jifflenow, a leading B2B meeting scheduling platform, announced a partnership with Cvent to streamline booking in-person meetings at trade shows and corporate events for mutual customers. Through this partnership, customers can leverage Cvent’s robust event marketing and management solutions while simultaneously tapping into Jifflenow’s powerful automated scheduling, managing, and reporting for face-to-face meetings with customers and prospects. The partnership also enhances integration between the two products for improved data sharing, helping improve the attendee experience and deepen marketers’ visibility into key events and meeting engagement metrics. Jifflenow was also one of the launch partners of the Cvent App Marketplace

“In this new environment, organizations are managing a more complex Total Event Program, and they’re looking for deeper integrations between their technology solutions to gain a better understanding of attendee engagement across all their events – whether in-person, virtual, or hybrid,” said Cvent Senior Vice President of Sales & Partnerships, Anil Punyapu. “This partnership and enhanced integration will enable our mutual customers to leverage their event engagement data to drive higher lead conversion and, ultimately, enable event marketers to drive greater value across their entire event program.”

Read More: SalesTechStar Interview with Niels Fogt, Director of Automation Solutions at Tray.io

“In this new environment, organizations are managing a more complex Total Event Program, and they’re looking for deeper integrations between their technology solutions to gain a better understanding of attendee engagement across all their events – whether in-person, virtual, or hybrid”

Hari Shetty, Jifflenow Founder & CEO, added: “Many global enterprises trust Jifflenow’s powerful B2B meeting scheduling platform. Through this joint partnership, our mutual customers benefit from the unique functionality of our respective technology platforms while helping enterprises increase ROI and optimize their event processes through more productive event teams, a more engaging attendee experience, and superior post-event performance analysis and reporting.”

Jifflenow and Cvent platforms will directly align to streamline event management and event meeting scheduling workflows, providing a more seamless user experience. Through this integration, organizations will drive greater business growth through enhanced scheduling between customers, sales teams, experts, and executives attending events. Additional benefits of the integration between Cvent and Jifflenow include:

Syncing Cvent Registration Data to Jifflenow to Enhance Attendee Engagement

  • Allows meeting schedulers to see who has registered for the event in real-time
  • Ensure emails and contact info match between registration and meeting invitations
  • Supports the business rule that only registered attendees can be invited to meetings

Syncing Jifflenow Meetings Data to the Cvent Platform

  • Cvent Attendee Hub becomes the one source of truth for attendee calendars
  • Jifflenow meetings can be visible on the event’s Attendee Hub Event App
  • Attendees can see if the sessions they signed up for conflict with meetings scheduled using Jifflenow

Read More: Keap Recognized In 25 G2 Spring 2023 Reports

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SnykLaunch April 2023 Highlights New Code to Cloud Capabilities to Tackle Software Supply Chain Security

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SnykLaunch April 2023 Highlights New Code to Cloud Capabilities to Tackle Software Supply Chain Security

Enhancements to Enable Further DevSecOps Collaboration Across Global Enterprises

Snyk, the leader in developer security, announced its SnykLaunch April 2023, a series of strategic enhancements to the company’s Developer Security Platform. These latest innovations enable global enterprises to create a secure software supply chain, while advancing greater DevSecOps collaboration and enhancing developer productivity.

Now available as part of the SnykLaunch April 2023 line up:

  • Developer-First Application Security for C/C++: Snyk now brings the developer-led security experience to the realm of securing C/C++ apps, applying its semantic, AI-based analysis engine to this language now again increasing in popularity.
  • More Effectively Securing the Cloud by Driving Contextual Fixes in Infrastructure as Code (IaC) Pipelines: Snyk is taking the complexity out of connecting cloud security issues back to their IaC source, significantly simplifying fixes for platform teams.
  • Layering Automated Security in Container Supply Chain: Snyk Container now provides vulnerability fix guidance to match the complex, layered container build chains used by mature teams.
  • Increased DevSecOps Collaboration: New integrations with ServiceNow as well as Atlassian, AWS and Dynatrace bring greater software supply chain security visibility to enterprise security and operations teams.

“In every 2023 discussion I’ve had with security leaders, supply chain security is voiced as the persistent weak link in their enterprise security strategy,” said Peter McKay, CEO, Snyk. “The maturity of Snyk’s platform allows developer, operations and security teams to better understand and meaningfully reduce risk, while also achieving significant developer productivity gains and overall security spend consolidation.”

“These latest enhancements are indicative of Snyk’s commitment to an unified security approach that is best suited to accelerate secure innovation,” said Manoj Nair, Chief Product Officer, Snyk. “We’re proud to have purposefully combined a series of otherwise siloed solutions into one platform that best equips and empowers global developers to successfully secure everything they build, while also giving security teams the visibility they need to drive a culture focused on effective remediation.”

Read More: SalesTechStar Interview with Ketan Karkhanis, EVP & GM, Salesforce Sales Cloud

Application Security Leadership For Six Million C/C++ Developers

Creating secure C/C++ applications has historically been a challenge given the low-level nature of the language and the multitude of ways C/C++ applications have been written over the course of their four decade legacy. Accurately scanning C/C++ code, and identifying all of the open source packages being used, while at the same time providing fast, developer-oriented results has made existing application security solutions overly complex.

Snyk is now bringing its proven developer-first application security model to this mature ecosystem to secure the code and complex open source package supply chain as well as reduce open source license compliance headaches. Snyk scans up to 100x faster than alternate solutions with built-in fixes and unparalleled accuracy so developers can identify and fix issues as they work. In addition, Snyk guides developers to fix C/C++ packages even where package code is manually copied in (a particularly prevalent method of package management in this ecosystem).

New Snyk Learn lessons specifically designed for C/C++ developers build security education right into the process. These new releases give desktop, server and web app developers the actionable security coverage they need for C/C++ (and all of the other popular languages they use), while ensuring security teams have complete visibility of vulnerabilities and compliance across all of their development projects.

Simplifying Cloud Security Fixes Across IaC Pipelines and Cloud Environments

For cloud and platform engineers, Snyk’s new IaC and cloud feature automatically links running cloud resources to the IaC source template. This new capability makes it simple for security teams to identify the source of the issue and notify the right cloud team members and, in turn, makes it easy for engineers to see where and how to resolve the problem in their IaC.

Snyk’s Developer Security Platform continues to evolve to address the full software development life cycle — from code to cloud, and back to code. A developer-first approach to cloud security solves a significant problem that exists between current IaC and cloud security tools, which are not able to accurately correlate cloud security issues to their original source.

Read More: In Economic Uncertainty, Double Down on Your Customers

Layering Automated Security in Container Supply Chain

Snyk Container now extends its ability to provide fixes that are relevant to the unique nature of how containers are built by adding support for the internally curated “golden images,” many companies provide for their developers. The DevOps and platform teams creating these internal base images now benefit from full visibility into issues and fixes.

At the same time, development teams are automatically guided to use the most current internal images with the noise of container vulnerabilities eliminated. This ensures developers always start from the most secure containers, supporting open standards as well as company-defined software bill of materials under one consolidated umbrella.

DevSecOps Central to Enterprise Security

Snyk is known for bringing security into the world of developers, integrating with the tools developers are already using everyday. Snyk now seamlessly integrates into ServiceNow’s Vulnerability Response solution as well as AWS CloudTrail Lake to bring software supply chain visibility to enterprise security teams. Upcoming integrations with Atlassian Jira and Dynatrace will further deepen application security integration for developers and operations teams respectively.

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ChargeAfter Expands Lender Network in Canada with Leading B2B BNPL Provider Tabit

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ChargeAfter Expands Lender Network in Canada with Leading B2B BNPL Provider Tabit

By adding more B2B lenders to its point-of-sale financing platform, ChargeAfter enables merchants in Canada to provide their business customers with additional B2B financing options

ChargeAfter, the leading multi-lender point-of-sale financing platform announced today that it is expanding its network of lenders through a partnership with Canada’s leading B2B Buy Now Pay Later (BNPL) provider Tabit, powered by Merchant Growth.

As a result of the partnership, ChargeAfter will provide merchants in Canada with more financing options for their business customers at the point of sale. Financing options are very limited for businesses, resulting in low approval rates. To help merchants provide a solution for their business customers, ChargeAfter partners with financing providers that specialize in serving businesses.

Read More: SalesTechStar Interview with Niels Fogt, Director of Automation Solutions at Tray.io

Tabit is a B2B Buy-Now-Pay-Later solution powered by Merchant Growth. Merchant Growth was recently recognized as the fastest-growing B2B financing provider in Canada. Tabit’s integration into the platform means that merchants that use ChargeAfter to manage their point-of-sale financing can now provide their business customers with installment options from 30 days to 12 months.

Elias Beaino, EVP, Tabit commented “We are thrilled to announce our partnership with ChargeAfter, a leading multi-lender platform. Through this collaboration, Tabit is able to offer its innovative B2B BNPL solutions to even more merchants. We look forward to working closely with ChargeAfter to bring flexible payment options to businesses and help them grow and succeed.”

Meidad Sharon, CEO, ChargeAfter commented “We are delighted to partner with Merchant Growth to add their Tabit’s B2B BNPL solution to ChargeAfter’s network of lenders in Canada. This new partnership is an important step in our B2B financing program expansion. Embedded point-of-sale financing is fast becoming the new standard for the modern customer journey and I am excited that ChargeAfter’s lending network is leading this change.”

Read More: Give Shoppers What They Want: How Live Shopping Bridges the Gap Between Social Commerce and Customer Care

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Mediafly Names Mary Shea, Revenue Technology Visionary as Co-CEO

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Mediafly Names Mary Shea, Revenue Technology Visionary as Co-CEO

Appointment of Former Chief Evangelist of Outreach, Principal Analyst at Forrester, and Tech CRO signals Mediafly’s commitment to industry leadership.

Mediafly, a leading provider of revenue enablement solutions, announced the appointment of Mary Shea as co-CEO. Shea joins current CEO Carson Conant in advancing the company into its next phase of growth and innovation. This appointment is a significant milestone for Mediafly — a company that has quickly amassed one of the most complete and impactful portfolios of revenue solutions.

“I am thrilled to have Mary join us as co-CEO. I’ve known Mary for over a decade and have benefited immensely from her extensive knowledge of the revenue enablement landscape, her prescience in identifying the next big trend, and her vision for B2B buying and selling,” said Carson Conant, Mediafly Founder and co-CEO. “Mary brings deep empathy for sellers’ day-to-day challenges and a forward-leaning sensibility for the brand experience B2B companies need to create for buyers. She will be a force multiplier for the Mediafly team and our customers.”

Shea adds decades of experience as a high-performing sales leader and product visionary, complementing Conant’s entrepreneurial leadership and financial acumen — the result is an outstanding leadership duo. Mediafly is embracing the emerging co-CEO model at a dynamic time in today’s technology and financial markets, where diverse competencies and perspectives as well as speed and agility, are more essential than ever.

Read More: SalesTechStar Interview with Ketan Karkhanis, EVP & GM, Salesforce Sales Cloud

Top brands, including PepsiCo, Nestle, Databricks, Honeywell, and Sealed Air, rely on Mediafly for its unmatched insights and integrated suite of solutions, including enterprise content management, revenue and conversation intelligence, value realization, coaching, deal management, and forecasting. While Mediafly’s solutions are modular and can be purchased individually, customers are increasingly consolidating their tech stacks with Mediafly, ultimately reducing their revenue tech costs by 30% or more, while benefiting from improved revenue team performance.

“I’ve watched Mediafly for many years and always considered the company a hidden gem. Mediafly has grown organically and through acquisitions and has quietly compiled the most complete revenue enablement platform in the market — everything B2B teams need to successfully navigate today’s complex buying journey,” said Shea. “With this push towards a unified revenue enablement platform, it’s time for Mediafly to step out of the background and help more B2B organizations create confident sellers who can deliver efficient predictable revenue. I’m hitting the ground running — if you want to improve seller effectiveness, buyer engagement, or consolidate your tech stack, take a fresh look at Mediafly.”

Read More: In Economic Uncertainty, Double Down on Your Customers

Shea has been one of the leading voices in sales tech for more than a decade, credited with helping shape the sales technology marketplace and specific categories therein. As Chief Evangelist at Outreach and Principal Analyst at Forrester, she worked with executives at many of the world’s leading brands helping them devise and implement sales strategies to succeed in today’s dynamic market. In addition to conducting original research, Shea is regularly featured in podcasts and in publications, including The Wall Street Journal, Forbes, Business Insider, and CIO Magazine, where she talks about leadership, technology trends, and best practices for creating diverse, equitable, and inclusive B2B sales organizations.

Shea joins Mediafly following 15 months of innovation and growth. In 2022, Mediafly acquired and integrated leading revenue intelligence platform InsightSquared, conversation intelligence provider ExecVision, and talent intelligence provider Aptology — creating Revenue360, the industry’s most complete revenue enablement platform.

Write in to psen@itechseries.com to learn more about our exclusive editorial packages and programs.

New Survey Finds Two Thirds of Data Teams Report Cloud Spending as a Critical KPI

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New Survey Finds Two Thirds of Data Teams Report Cloud Spending as a Critical KPI

Third Annual Survey from Data Teams Summit Event Reveals Key Priorities and Strategies for Enterprise Data Teams in 2023

Unravel Data, the first data observability platform built to meet the needs of modern data teams, released key findings from a survey administered to more than 350 data professionals who attended the 2023 Data Teams Summit event in order to gauge the priorities, challenges, and benchmark the progress of enterprise data teams. This year’s survey asked data team stakeholders – including a cross-section of data scientists, data engineers, data analysts and the various business stakeholders who rely upon real-time data insights to inform their decisions – to assess how they are meeting their big data analytics objectives and define the practices they are adopting to conquer the complexities of the modern data stack.

“For the third year in a row we’ve had the opportunity to take the pulse of enterprise data teams to better understand the daily challenges they face as they accelerate their ambitious big data analytics programs”

“For the third year in a row we’ve had the opportunity to take the pulse of enterprise data teams to better understand the daily challenges they face as they accelerate their ambitious big data analytics programs,” said Kunal Agarwal, co-founder and CEO of Unravel Data. “In just the course of a year we’ve seen a significant shift in how these growing, cross-functional teams are prioritizing DataOps as an established discipline across their organizations in a similar way that DevOps became an entrenched practice among software teams a decade ago. But despite this progress, this year’s survey also demonstrates that issues like FinOps, cloud utilization, and data security continue to present unique challenges to data teams.”

Read More: Gong Recognizes Ten Companies Driving Efficient Growth With Revenue Intelligence

Some of the key findings collected from the most recent survey include:

  • Cloud spending is now a critical KPI for the majority of data teams: More than two-thirds of data teams surveyed said that cloud spending has become a KPI of high strategic importance. When responses were broken down by role, almost 80% of business stakeholders said cloud spending was a critical KPI while just over half (55%) of data practitioners indicated the same.
  • Cloud resources are being underutilized: In addition to cloud spending being elevated as a top KPI, almost half (44%) of all respondents in this year’s survey also reported that they believe that they are leaving money on the table when it comes to their public cloud utilization. Alarmingly, almost a quarter of respondents (23%) said they were unable to even estimate what percentage of their cloud resources went unused.
  • FinOps interest is high yet adoption lags: Despite the fact that data teams have reported a lack of visibility into cloud spending, the adoption of mature FinOps practice was not viewed as an immediate priority among respondents with just over 20% reporting that their data teams have an established FinOps practice while a third of data teams reported that they are still in the early planning phase of implementing FinOps.
  • DataOps as a practice is maturing: This year, more than 44% of respondents reported they are actively employing DataOps methodologies, compared to just less than a quarter (21%) of respondents in 2022, representing a 110% increase from the year prior. Further demonstrating the maturing DataOps practice, only 20% of respondents in this year’s survey said they were at the beginning stage compared to 41% last year.
  • Data reliability emerges as the top challenge: This year when participants were asked what they viewed as the top challenge with operating their data stack, 41% respondents cited the lack of data quality as their most significant obstacle while 35% noted that the lack of visibility across their environments was the second biggest obstacle to managing their data stack.

Now in its third year, the Data Teams Summit is a one-day virtual conference that aims to build a vibrant peer-based community for DataOps professionals to share best practices. Data professionals can productively collaborate with one another and deliver on the promise of what it means to be a data-led company. This past year’s event attracted more than 2,300 data professionals and featured presentations from data leaders at some of the most data-forward enterprise organizations in the world.

Read More: SalesTechStar Interview with Jonathan Lister, COO at Vidyard

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Sangoma CX, the Cloud-based Contact Center Solution, Unveils New WebChat Channel Support for Improved Customer Interaction

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Sangoma CX, the Cloud-based Contact Center Solution, Unveils New WebChat Channel Support for Improved Customer Interaction

Sangoma

Sangoma Technologies Corporation, a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, is proud to announce our award-winning, agent-based cloud Contact Center platform has new omnichannel features.

Sangoma CX, formerly Sangoma Contact Center, is now equipped with webchat support. This new functionality enhances customer experience (CX) by enabling an agent to chat with a customer within the Sangoma CX interface. The functionality includes:

Omnichannel: Our new omnichannel webchat is a powerful tool that will help users easily manage their customer requests and provide consistency across channels, so customers perceive a seamless experience. Agents can blend between Calls and WebChat interactions- increasing agent productivity while reducing waiting times.

Updated Reporting: The new reporting provides agents with more options to keep track of and measure the success of their webchat usage, which allows organizations to understand their customer’s needs and preferences better and identify what needs to be improved to increase customer satisfaction and agent productivity.

Read More: SalesTechStar Interview with Niels Fogt, Director of Automation Solutions at Tray.io

“Sangoma’s CX is an excellent contact center solution, it is intuitive, highly adaptive, and extremely reliable.  Our clients are very happy with its rich set of features, ease of use, and feel they gain valuable insight through the robust reporting it offers in both real-time and historical data,” said Jennifer Danis, Unified Communications Manager at Thrive Networks.

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“We are confident that these new features will improve the user experience and help users achieve their goals easily. Our team has worked hard to ensure that these features will help transform our customers’ businesses cost-effectively, provide a richer contact center experience, reduce churn, and boost customer loyalty,” said Jim Machi, Chief Product, and Marketing Officer at Sangoma.

Write in to psen@itechseries.com to learn more about our exclusive editorial packages and programs.

Spendflo raises $11 million Series A led by Prosus Ventures and Accel to Bolster all-in-one SaaS Buying and Management Solution

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Spendflo raises $11 million Series A led by Prosus Ventures and Accel to Bolster all-in-one SaaS Buying and Management Solution

  • The company plans to accelerate global expansion, having multiplied its revenue 15x in the past year.

  • This round enables the growth into an all-in-one SaaS buying and Management solution.

Spendflo, an all-in-one SaaS buying and management solution, today announced the completion of an $11M Series A fundraising round led by Prosus Ventures and Accel. It comes just ten months after its seed round, bringing the total funds raised to $15.4 million from investors, including Prosus Ventures, Accel, Together Fund, Signal Peak Ventures, and Boldcap Ventures. This round allows the company to fuel product growth and accelerate global expansion with a strong focus on furthering growth in the North American market.

The company has experienced a hockey-stick growth trajectory since its inception and established a solid global presence, serving customers across North America, Europe, APAC, and the Middle East. Spendflo has grown 30% month on month since the start of 2022, multiplying its revenue 15 times, growing its customer count by 5X, and expanding the team size fourfold.

As part of the company’s growth efforts, Spendflo plans to broaden its North American footprint through the hiring of regional market leads and deploying on-ground activity that will result in greater awareness and Spendflo usage.

“As cost optimization becomes a priority, Spendflo is becoming the go-to, tailor-made solution for buying, managing, securing, and saving on SaaS from one place. It fits like a glove for growth-hungry businesses and helps them unlock maximum ROI on their SaaS stack,” says Siddharth Sridharan, Co-Founder and CEO of Spendflo.

“In the wake of a financial market downturn, the company’s capital-efficient business model has proven compatible with fast-growing businesses looking for ways to push through and shift strategies from growth-at-all-cost to profitability-first growth. Spendflo supports the optimization of everything from a company’s cloud software expenses to financial metrics that matter today, including gross margins, runway, and burn rate,” adds Rajiv Ramanan, Co-Founder and CRO of Spendflo.

“Outsourced SaaS procurement and management is emerging as a dominant area of interest for organizations, driven by a complex SaaS stack and need to rationalize cost base. We’ve tracked Spendflo’s journey since their initial days and are extremely impressed with the team and its pedigree, evolution of product platform and features, and a roster of marquee logos across the globe. We are confident in their ability to become a ‘single source of truth’ for SaaS customers by offering value added features around infosec compliance, cloud cost optimization and cybersecurity. We are thrilled to partner and support Spendflo in their ambition to become a global SaaS buying and management platform,” says Ashutosh Sharma, Head of Investments, India at Prosus Ventures.

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In a statement, Dinesh Katiyar, Partner at Accel, said, “Spendflo has evolved from a SaaS buying solution into an all-in-one platform. Today they help businesses at every stage of their SaaS buying and management journey while saving them countless hours and millions in both time and money respectively. Their continuous upward growth has shown us they’re the right team to tackle and solve this challenge.”

The company’s growing customer base consists of marquee brands and fast-growing unicorns. Since the last funding round, Spendflo has helped many modern high-growth businesses, including Mindtickle, Hasura, Drip, 4G Clinical, and Wodify, save up to 26% of their annual SaaS expenses with their solution.

Originating first as a SaaS buying point solution to save costs, Spendflo is now an all-in-one platform to buy, manage and secure SaaS. Spendflo’s Buying Hub streamlines the SaaS procurement process, while the Management Hub provides visibility into SaaS usage and spending. The Security Hub facilitates collaboration and fast-tracks buying cycles.

Read More: SalesTechStar Interview with Ketan Karkhanis, EVP & GM, Salesforce Sales Cloud

With SaaS becoming an integral part of mainstream operations, fast-growing businesses have access to a platform that ensures spending and stack are continuously optimized to unlock maximum ROI on SaaS investments.

Write in to psen@itechseries.com to learn more about our exclusive editorial packages and programs.

The Alloy.ai Demand and Inventory Analytics Solution Is Now Available on SAP Store as Part of SAP’s Industry Cloud Portfolio

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The Alloy.ai Demand and Inventory Analytics Solution Is Now Available on SAP Store as Part of SAP’s Industry Cloud Portfolio

By integrating with SAP IBP for Supply Chain and SAP Data Warehouse Cloud, Alloy.ai delivers demand and inventory visibility to consumer products companies through immediate access to daily SKU-store level data from the point of sale

Alloy Technologies, Inc. announced that its Alloy.ai solution is now available on SAP Store and is part of SAP’s industry cloud portfolio for the consumer products industry. Alloy.ai brings consumer products customers that leverage SAP Integrated Business Planning (SAP IBP) for Supply Chain visibility to consumer demand and inventory across their supply chains.

Alloy.ai leverages integration capabilities of SAP Business Technology Platform (SAP BTP) to integrate with SAP IBP for Supply Chain and SAP BTP data and analytics solutions using SAP Integration Suite to deliver harmonized, granular demand, inventory and other point-of-sale data to customers as part of SAP’s industry cloud portfolio for the consumer products industry.

Read More: DocuSign Announces CFO Transition Plan

“Problems like stockouts and excess inventory continue to present a major challenge for every brand selling into retail. With Alloy.ai now available as part of SAP’s industry cloud portfolio, consumer brands can gain current and complete visibility into their inventory positions and consumer demand, so they can make better, more accurate decisions across their supply chains,” said Joel Beal, CEO and co-founder of Alloy Technologies. “Consumer products companies are realizing that it’s not enough to keep an eye on consumer preferences monthly or weekly. These brands need immediate insights from their POS and inventory data – by day, by store and even by SKU – to stay competitive.”

“The inclusion of Alloy.ai in SAP’s industry cloud portfolio is a great benefit for the consumer products industry,” said Anna Linden, VP, Global Head of Supply Chain Planning Solution Management at SAP. “Data from the broader ecosystem is a key driver for insightful and aligned business decisions. Brands that aren’t prioritizing granular visibility and rapid-response in this new climate will struggle to stay competitive. Our partnership with Alloy Technologies helps enable businesses that use SAP IBP for Supply Chain to access broad sets of harmonized daily point-of-sale, inventory and supply chain data so they can automatically build more accurate forecasts and ensure business continuity in times of supply chain disruption.”

Alloy.ai is a demand and inventory control tower purpose-built to help consumer products companies sell more, save time and solve complex supply chain challenges. With daily SKU-store level insights in Alloy.ai, brands can quickly sense problems, predict issues their competitors won’t see coming and respond in real time, within seconds instead of days.

Read More: SalesTechStar Interview with David von Rothenburg, VP Sales and Alliances at Pitcher

With Alloy.ai consumer brands can get:

  • An early warning system when their demand and supply are out of sync, powered by daily SKU store-level insights
  • 850+ pre-built connectors to automatically pull and harmonize data from all their retailers, ecommerce partners, channel inventory and ERP
  • A single source of information for their sales and supply chain teams to make faster business decisions
  • Accurate near-term forecasts (two to six weeks) based on daily SKU-store level data to make better decisions about inventory allocation, promotions and order adjustments with retail partners

Now, C-level executives and analysts alike can access daily insights relevant to their jobs, making it easy to collaborate on decisions and have insightful data-based conversations with retailers.

To enable companies to become intelligent enterprises, SAP is expanding its vertical solutions with an ecosystem of industry cloud solutions. The solutions leverage SAP BTP, with advanced technologies, and are interoperable with SAP’s intelligent suite. Alloy.ai is working with SAP to create offerings that meet specific, consumer products industry requirements to provide customers with tools to help achieve positive business outcomes. Learn more at SAP Store.

Alloy.ai is a partner in the SAP PartnerEdge® program. This program provides the enablement tools, benefits and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively.

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Blue Yonder Named a Leader in the 2023 Gartner Magic Quadrant for Transportation Management Systems Report

STS News Desk
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Blue Yonder Named a Leader in the 2023 Gartner Magic Quadrant for Transportation Management Systems Report

  • Evaluation based on Ability to Execute and Completeness of Vision

  • Blue Yonder is the only company recognized as a Leader in three Gartner Magic Quadrant reports covering supply chain planning solutions, transportation management systems and warehouse management systems

Blue Yonder, a leading digital supply chain and logistics provider, has been positioned by Gartner as a Leader in the recently released Magic Quadrant for Transportation Management Systems based on the “Ability to Execute” and “Completeness of Vision.” Blue Yonder attributes this position to its TMS solution and its Luminate® Platform, which combined offer advanced artificial intelligence (AI) and machine learning (ML) transportation planning and execution capabilities, data management, and integration to the logistics ecosystem.

Blue Yonder has been recognized as a Leader 12 consecutive times in the Gartner Magic Quadrant for TMS2. In the 2023 report, Blue Yonder was positioned among a total of five vendors in the Leader quadrant. The company’s position as a Leader represents its strengths and cautions in market understanding, operations and marketing execution, among other criteria.

In addition, according to the Gartner Critical Capabilities for Transportation Management Systems report3, Blue Yonder ranked highest for Level 3 Use Case and second highest for Level 2, 4, and 5 Use cases.

Read More: In Economic Uncertainty, Double Down on Your Customers

“Our customers are utilizing Blue Yonder’s TMS, powered by Luminate Platform, to digitally transform their transportation operations. The solution allows them to manage and optimize their end-to-end business processes from transportation network modeling to planning to execution, carrier collaboration, and last-mile delivery. Our customers also have faster access to data and integration capabilities with their ecosystems, allowing them to meet both their own needs and their customers’,” said Wayne Usie, chief strategy officer, Blue Yonder.

Combined with Luminate Platform, which provides AI-powered intelligence and real-time data, Blue Yonder’s TMS offers customers full visibility, orchestration, and first-to-last mile optimization, especially for 3PL/4PL companies, transportation operations of shippers, and their carrier networks. In addition, Blue Yonder’s logistics network provides shippers with better out-of-the-box connectivity and modernized service offerings from rate and capacity provisioning to tendering, freight tracking and financial services.

“As the transportation and logistics industry continues to transform, in tandem with sales volume growth in certain regions, we need to make sure we are supporting that growth with improved responsiveness, while remaining efficient. By integrating Blue Yonder’s transportation management with track and trace capabilities, Bayer’s ability to serve our customers improved through the increased visibility into our transportation decisions,” said Johnny Ivanyi, Global Head of Distribution Excellence, Bayer Crop Science.

With this latest Gartner Magic Quadrant for Transportation Management System, Blue Yonder is the only company recognized as a Leader in three Gartner Magic Quadrant reports covering Supply Chain Planning, Transportation Management Systems, and Warehouse Management Systems.

Read More: SalesTechStar Interview with Ketan Karkhanis, EVP & GM, Salesforce Sales Cloud

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