Microsoft announced yesterday that it had acquired Suplari, a Seattle-based company providing AI-automated analytics & insights, for an undisclosed amount. Suplari helps finance, procurement, and business leaders to optimize their spending by using AI and analytics to predict and manage costs, and Microsoft will use its technology to improve its existing Dynamics 365 offering.
"Together with Dynamics 365, the Suplari Spend Intelligence Cloud will help customers maximize financial visibility by using AI to automate the analysis of current data and historical patterns from multiple data sources. It will also help customers enhance financial decision-making by predicting the best spend management actions moving forward,” explained Frank Weigel, VP of Microsoft's Dynamics 365 Insights Product Group.
For now, nothing will change for existing customers of the Suplari Spend Intelligence Cloud. "Given Microsoft’s AI, cloud and data investments, customers can expect that Suplari will continue to deliver more AI-driven, predictive & prescriptive insights and integrated workflows for finance, procurement, & supply chain teams,” said Suplari CEO Nikesh Parekh in a separate blog post.