MineralTree, a provider of AP automation and payments solutions, secured a $50 million investment and acquired two payments companies. In other news, first-time unemployment claims rose last week, showing the ongoing problems from the coronavirus disruption. Also, Tesla announced its new concept of a cheaper, more powerful battery that will lead to a $25,000 electric car in three years. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, Raistone Capital and IDS Xchange Services announced a partnership to take on healthcare payments. In other news, HICX found that nine in 10 businesses rely on bad supplier data, exposing companies to huge risks. Also, supply chains are still struggling to meet the demand for key PPE — specifically N95 respirators, disinfecting wipes and surgical masks. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, another tropical storm hit the U.S. Gulf Coast. Tropical Storm Beta made landfall Monday and stalled over Texas, bringing heavy rainfall to the area. In other news, utility companies are investigating if artificial intelligence and drones can help prevent wildfires in the future. Also, Kraft Heinz is restructuring its supply chain by consolidating different functions under one roof, called the Ops Center. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, payments startup Affirm just secured a $500 million investment, bringing its total amount raised to over $1.3 billion in eight years. In other news, the Trump administration approved a deal for Oracle and Walmart to be minority owners in TikTok — which may prohibit the ban of the social media app in the U.S. Also, import volume at ports across the country saw a YoY increase in August. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, the U.S. Commerce Department announced Friday morning that it will ban China-owned WeChat and limit the downloading of TikTok on Sunday. In other news, Procurify named its new VP of Finance, who was an exec with Hootsuite. In case you missed it, we have a PRO coverage roundup about Billtrust and Infor Nexus. We also have details on a new global Spend Matters website, which begins Oct. 1. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, SaaS procurement analytics provider Sievo announced it had a record revenue growth in H1 2020 despite the COVID-19 disruption. In other news, the Federal Reserve said it will keep interest rates near zero through 2023 at least and will tolerate some high inflation. Also, slow-moving Hurricane Sally led to disruption along the U.S. Gulf Coast. Afternoon Coffee brings you the latest in procurement and supply chain news.
Per Angusta, a French provider of procurement performance technology, announces a $3.8 million Series A investment. The company aims to grow its workforce and international reach with the funding.
In today's headlines, Hurricane Sally made landfall on the Alabama shore Wednesday morning. Heavy rain is expected for a few days in the South, disrupting ports and railways. In other news, the "Venmo for businesses" B2B payments platform Veem secured a $31 million investment from Truist Ventures. Also, a Brexit no-deal scenario could be possible if British Prime Minister Boris Johnson doesn't make a deal with the EU. What does that mean for the UK economy and supply chains? Afternoon Coffee brings you the latest in procurement and supply chain news.
We have exciting news about Spend Matters: Introducing our new global website.
In today's headlines, Workforce Loqiq — a workforce intelligence provider — released a report showing which industries and places are most diverse using its newest AI algorithm. In other news, LogicSource, a tech-enabled procurement services firm, released a report showing the profitability of companies if they target savings in not-for-resale spend, or indirect spend. Also, Hurricane Sally is expecting to make landfall in the U.S. Gulf Coast late Tuesday or early Wednesday, bringing dangerous flood warnings. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, another tropical storm is making its way toward the U.S. Gulf Coast. Tropical Storm Sally is set to hit an area from the western Florida panhandle to New Orleans as a hurricane Tuesday. In other news, Oracle won the bid for social media giant TikTok over Microsoft and other major companies. Also, read why a Swedish company chose Medius as its AP automation provider. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, SirionLabs launched an AI-powered M&A management platform to ease and speed up the process. In other news, a surge in e-commerce deliveries sparked from the COVID-19 disruption has more delivery companies itching for electric vehicle delivery systems. Also, experts weigh in on three specific tips to help suppliers fulfill demand when historical numbers aren't cutting it anymore. In case you missed it, we have a roundup of our PRO coverage this week on the contract lifecycle specialist Icertis. Afternoon Coffee brings you the latest in procurement and supply chain news.