Press Release December 14th, 2021 A game-changer in procurement analytics

Thomas Teichmann

StartupValley.news

A lot has happened since we last talked to Thomas Teichmann, one of the co-founders, along with Samir Kharkan, and managing director of SCALUE, in 2019. Since then, their tool became available at SAP® Store, the online marketplace for SAP and partner offerings. They also welcomed Dr. Ulrich Piepel, former top manager from RWE | innogy and current Senior Advisor from BCG & SAP Ariba, to their advisory board.

“Procurement analytics is the next step, replacing legacy spend cubes and bringing a new dimension to procurement organizations in terms of total spend transparency, process efficiency, automation, savings, and maverick buying,” saysDr. Ulrich Piepel, former CPO of RWE and innogy about the future of procurement analytics.

SCALUE’s procurement analytics plug-and-play app gives SMEs and corporates a chance to address their supply chain pain points without manually inserting data in an Excel sheet. Their automated, cloud-based technology will soon become a crucial competitive advantage to keep businesses up to date with digitalization.

As a result, the SaaS procurement tool keeps getting the attention of Chief Procurement Officers (CPOs), Chief Financial Officers (CFOs), and other industry leaders looking to improve their digitalization efforts to overcome challenges in the supply chain.

How does SCALUE help CPOs?

With APIs instead of spreadsheets, SMEs and corporates benefit from totally automated data processing (ETL). SCALUE’s benefits include:

• 20% more cost-efficiency and 80% of time-saving, depending on the industry and supply chain;
• An empowered team, thanks to their integrated e-learning platform to deliver educational content on procurement terminology and optimization;
• Data to empower CPOs’ abilities to fast decision-making, preparing the foundations to remain agile should unexpected events happen;
• And tools for CPOs to optimize and scalue their procurement processes — adding more and more value.

As the points above summarize, SCALUE’s automated and advanced procurement software helps build a transparent, digitally-forward foundation for strategic procurement processes.

SCALUE’s success stories

“The analysis capabilities of SCALUE go far beyond the ones provided by SAP R/3 in the standard”, says Christoph Stephan, strategic procurement specialist at Gelsenwasser. “They give us more transparency in our spend analysis.”

Before SCALUE, the biggest challenge for the German water and energy supply company (with a turnover of 1.7 billion euros in 2020) was the lack of transparency in their annual report.

Operating with an ERP system SAP R/3 and analysing Excel sheets, their procurement department was slowed down by time-consuming processes that were also prone to errors given its many individual steps.

And Gelsenwasser was not the only one to embrace the digital transformation potential with SCALUE.

“The SCALUE team supports us in all aspects of our procurement analysis. In particular, the transparency and speed of their solution and their professional competence to implement special requirements in an agile, fast and uncomplicated way convinced us completely“, Sebastian Wurzer from AluKönigStahl.

2022: Time to grow

The last two years have been busy for the team at SCALUE. In 2019, they were awarded a six digits equity-free hardware funding from the Telekom TechBoost accelerator program, and since then, they were:

• Winners of the audience award at BME Startup Crunch (Nuremberg, Germany) sponsored by myMüsli;
• Nominated as Gartner® Cool Vendor 2020;
• Nominated and joined the accelerator program of the world’s leading ERP system manufacturer SAP® (SAP.iO);
• Semi-finalists at DPW (Digital Procurement World).

“We want to build SCALUE into a global reference brand for automated purchasing analysis,” Thomas told us two years ago. And they are surely on their way: as they focus on growth and expansion, their list of partners continues to expand. After all, their product has a significant market fit.

We are sure that even more good news will follow.

They are now preparing for their next investment round with selected business angels and Venture Capital organizations. Interested? Book a 15-min meeting to find out more.

Read the full article at StartupValley.news
Source BETTERTRUST GmbH

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