Press

2023s Next-Gen Procurement Tech Landscape: akirolabs Recognized by Sapphire Ventures

October 24, 2023
4 Min
Press

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We are delighted to announce that akirolabs has been distinguished in Sapphire Ventures' Next-Gen Procurement Tech Landscape. This esteemed recognition underscores our commitment to pioneering transformative solutions for modern procurement teams in this rapidly evolving, technology-driven era.

Affirmation of Our Strategic Vision

This acknowledgment by Sapphire Ventures is more than an honor; it's a validation of our relentless pursuit to elevate the procurement function. Our objective is steadfast: to transition procurement from a traditional operational role to a strategic contributor within the business. This recognition confirms that our contributions are impactful and valued in the industry.

Innovating Procurement's Future

Complacency is not an option. We are dedicated to challenging traditional procurement methodologies and reimagining the scope of category management. Our innovative, comprehensive approach is designed to set new standards in procurement excellence.

This milestone is also a tribute to our committed team, partners, and clients who have entrusted us with their confidence and support. Their belief is the catalyst for our perseverance, and this accolade belongs to each one of them. While we cherish this achievement, we are mindful of the path that lies ahead. Our dedication to reaching new pinnacles and setting further benchmarks remains unwavering.

Insights from Next-Gen Procurement Tech

Sapphire Ventures' recent panels have illuminated the transformative landscape of procurement. Thought leaders like Rajeev Dham, Jane Lee, and Aditya Reddy engaged with seasoned professionals from global corporations and tech pioneers, discussing pivotal themes such as:

  • Procurement's strategic ascent within organizations.
  • The influence of emerging technology in empowering procurement teams.
  • The disruptive potential of AI in reshaping procurement operations.

Sapphire Ventures' latest publication provides an extensive analysis of these insights, emphasizing procurement's critical role in driving organizational outcomes, enhancing spend visibility at the executive level, and strategically managing vendor partnerships.

Conclusion

Being featured in Sapphire Ventures' Next-Gen Procurement Tech Landscape is a significant endorsement of Akirolabs' dedication to the procurement sector. As we proceed, we are committed to pushing boundaries and fostering innovation in procurement practices. With the continued support of our team, partners, and clients, we are optimistic about our trajectory and the promising opportunities that await.

For further insights into our innovative journey and accomplishments, we invite you to explore our recent accolade in the IDC Innovator press release here:

https://akirolabs.com/press_release/akirolabs-recognized-as-an-idc-innovator-in-procurement/

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Frequently Asked Questions

Answers to the most common questions about akirolabs — from product and setup   to security and scalability

See More FAQ’s

What makes a successful pilot with akirolabs?

We define success collaboratively with your team. Typical outcomes include strategy creation for priority categories, measurable process improvements, and internal alignment. We provide full support and a clear roadmap for evaluation.

Can I try the platform hands-on after the demo?

Yes, we offer guided pilots and sandbox environments depending on your stage in the buying process. These give you and your team the opportunity to explore features in your own context.

Who should attend the demo from my organization?

We recommend including key stakeholders from your procurement leadership team, category management function, and procurement excellence or transformation groups. Including business stakeholders can also be valuable to demonstrate how the platform facilitates cross-functional collaboration.

What will I see during an akirolabs demo?

During the demo, you'll see the complete akirolabs Category Strategy Workbench in action, including the collaborative workflow, AI-powered insights from akiroAssist, strategic scenario modeling capabilities, and the Strategy One-Pager feature. We'll customize the demonstration to focus on aspects most relevant to your organization's needs.

Can I see how akirolabs would work with our specific categories?

Yes, we can tailor the demo to showcase how akirolabs works with your specific categories and procurement structure. Let us know your priority areas in advance, and we'll customize the demonstration accordingly.

How long does a typical demo take?

A standard demo takes approximately 45-60 minutes, allowing time for a comprehensive overview of the platform and discussion of your specific requirements. We can adjust the timing based on your availability and areas of interest.

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