Cloudia teams up with BuyerQuest to push digital procurement services in MEA
Partnership will allow Cloudia to expand in the growing Middle East and Africa market
Finnish eProcurement service provider Cloudia has partnered with BuyerQuest to add their Procure-to-Pay (P2P) solution to the Cloudia product portfolio in the Middle East and Africa region. The new Source-to-Pay suite of solutions will offer business procurement professionals a user-friendly, end-to-end process that goes beyond sourcing and signed contracts to include a unique B2C eCommerce Experience.
According to the company, the solution will help bring B2C eCommerce shopping experience to B2B Enterprise Procurement with an Amazon-style offering. It will also allow organisations increase their user adoption, better manage their decentralised spend, have true touchless transactions, and get clear actionable intelligence and insights into purchases.
“Adding a procure-to-pay solution to our portfolio is a game changer for Cloudia’s competitiveness,” says Joonas Jantunen, Cloudia’s CEO for the Middle East and Africa.
“Cloudia currently offers a digital Source-to-Contract process, but the addition of P2P capabilities means we’ll be able to bring customers a complete closed-loop Source-to-Pay process. And this is backed by a world-class platform that can be placed over existing ERP’s and other procure-to-pay solutions, and with a capacity to load millions of items across thousands of suppliers into a single marketplace.”
BuyerQuest’s Founder & CEO, Jack Mulloy, states, “BuyerQuest is excited to build upon our success in the Middle East and to partner with Cloudia to more aggressively expand in this growing region. Cloudia's commitment to customer success aligns perfectly with BuyerQuest and we look forward to meaningful customer expansion in the Middle East for years to come.”
He further stated that the Middle East market has had to contend with old legacy ERP systems and first-generation procurement solutions, until recently. However, the partnership with BuyerQuest is expected to change this outlook by pushing digital procurement services to the market this year.