buyerquest has been recognized by APAC CIOOutlook Magazine as the recipient of “Most Promising Procurement Solution Companies,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the APAC CIOOutlook research and editorial team based on insights from an interview with Jack Mulloy.

buyerquest
Next Generation Procurement Services

Jack Mulloy, CEO

Fully integrated e-procurement solutions assist organizations to improve efficiency, and reduce external spend while improving quality, and supplier performance. While e-procurement platforms enable organizations to integrate with other service delivery platforms that offer customized services, they also ensure compliance with existing, and established contracts. A company that has integrated e-commerce with enterprise e-procurement to empower end-users with next generation procurement services is BuyerQuest.

As the first company to integrate e-commerce with enterprise e-procurement services, BuyerQuest arms its clients with top-notch procure-to-pay solution that provides visibility into day-to-day transactions and ultimately drives better business revenue. “The best Procure-to-Pay (P2P) solutions host all information in a single database. A single, searchable data source enables a consumer-like online shopping experience that end users and suppliers will embrace,” says Ashley Sieb, Director of Marketing, BuyerQuest.

BuyerQuest’s next generation e-procurement services adhering to corporate policies have enabled them to attain largest percentage of growth year-over-year. Its proficient e-procurement strategy also offers transparency and deeper insights that streamline buying process and empowers users by providing them a familiar and comfortable shopping experience. In addition, it also has the ability to replicate the e-commerce sites that promote highly fragmented buying experience.

A single, searchable data source enables a consumer-like online shopping experience that end users and suppliers will embrace

As a renowned procurement service provider in the U.S., BuyerQuest’s procurement services enable clients from different sectors to shop, requisition, approve, order, receive, invoice, pay, inventory, and reporting. The company has built a clientele that comprises more than one million users who leverage BuyerQuest applications for self service business applications. In addition, by deploying BuyerQuest’s e-procurement strategy, their clients get benefits such as requisition workflow, invoicing, settlement, and supply chain finance. Besides, the company has also built strategic relationships with some prominent companies such as IBM Watson, IBM Bluemix, Scanmarket, Taulia, Invoiceware, and OnBase to benefit its clients.

While the massive shift in the supply chain segment has prompted account payable organizations to offer invoice transactions, BuyerQuest enables them to drive the highest levels of touch less invoice transactions and in turn, clients effectively manage correspondent documents and information in accounts payable sector. In addition, the company also enables IT departments to embrace the cloud, quickly integrate with any other legacy systems, and deploy self service business applications for e-procurement process. “A critical success factor for differentiated Supply Chains in 2017 will be the ability to listen to this rapidly growing constituency as well as the ability to deliver Supply Chain technology solutions that firmly meet their user experience expectations,” says Jack Mulloy, CEO, BuyerQuest.

As its Procure-to-pay solutions are leveraged by clients in over 100 countries, the company’s vision of building a world class purchasing platform has been successfully fulfilled over the years. “The ideal P2P solution will take the entire organization to the next level through improved realized savings, compliance, and operational efficiencies, and that is what our solution does for clients,” explains Sieb. Moving forward, the company intends to continue its journey addressing the specific requirements of its clientele in procurement industry.