Madison Heights, MI – Supplier Software Inc., a global provider of next-generation, intelligent procurement solutions, has changed its name to Xeeva. The company also announced it has been spun out as an entirely independent entity from its former parent company, Netlink Inc. Xeeva’s vision is to drive the development and delivery of the next generation of intelligent procurement and financial solutions.
Xeeva is driving the development and delivery of intelligent cloud procurement and financial solutions for indirect spend and MRO. The company’s technology is used in over 40 countries and is available in 18 languages.
“More than a name change, Xeeva represents our promise to deliver immediate and sustainable financial and operational results to our clients through innovative technology and value add services,” said Dilip Dubey, founder and CEO of Xeeva.
“Launching Xeeva as an independent entity is the natural next step in the growth of the company, which on day one becomes one of the largest procurement and financial technology companies in the indirect spend and MRO space,” said Dubey.
Xeeva’s embedded intelligence technology is an industry first and supports the full life-cycle of indirect procurement, including sourcing, procure to pay (P2P), eInvoicing, supplier collaboration and extended enterprise processes such as inventory management. Apart from other P2P software companies, Xeeva also has rich, value-add professional services depth it can bring to bear to help clients unlock even greater value from their technology investments, said Dubey.
“Indirect P2P solutions can deliver tremendous return on investment for private and public-sector organizations through improved compliance to contracts, quicker order processing cycle times and better adherence to budget,” said Deborah Wilson, research vice-president at Gartner in a June 2, 2104, report, Build a Compelling Procurement Business Case for Indirect Procure-to-Pay Technology. “Gartner sized the indirect P2P market at $824 million in 2013. This size validates the broad appeal of indirect P2P solutions,” said Wilson.
Xeeva’s technology suite includes Sourcing, Procure to Pay, Supplier Collaboration, Financial Collaboration and Extended Enterprise solutions.
For more information please visit www.xeeva.com/.