SAN JOSE, Calif., May 23, 2016 /PRNewswire/ -- Paradata, a supply chain software as a service (SaaS) start-up announced today that it has been named one of the "Cool Vendors in Procurement and Sourcing Technology, 2016" by Gartner, Inc., a research and advisory firm. Published May 9, 2016, the report was authored by Desere Edwards, Deborah R. Wilson, Nigel Montgomery, and Ray Barger Jr.
Paradata uses internal and external big data to help high tech original equipment manufacturer (OEM) brand companies gain increased transparency and profits from their supply chains. Its customers include Aerohive Networks, Aruba, an HP Enterprise Company, DBI Network, Ember, Teledyne Lecroy Inc., and Westell Technologies, Inc.
The Gartner report "focuses on vendors with unique and innovative solutions for security, contract lifecycle management, payables auditing, fraud prevention, and sourcing and supply chain transparency. Each uses advanced algorithms to achieve impressive results in solving specific problems faced by procurement managers and IT managers responsible for sourcing solutions."
Paradata technology enables supplier and parts transparency and decision-making traceability. With one click, in seconds, a customer can load a bill of materials (BOM) and discover an average of 6% + in material cost reduction as well as deep knowledge of risks that affect revenue.
Users praise its uniqueness, ease of implementation and reasonable cost.
Paradata Big Data Platform identifies the weak links with verified public and private data.
Paradata SaaS Analytics verifies insights and executable actions to problems before they occur.
Paradata Network Score measures in real-time what customers value most - cost, lead time, risk and compliance.
Cool ...and Hot
A Paradata client weighs in. "Paradata, thanks for teaming with us to keep our supply chain and procurement plan running smoothly and congratulations on making the 'Cool Vendors' cut," said Kevin Scanlon, Vice President, Supply Chain and Operations, Ember. Ember recently debuted their smart mug that keeps coffee or tea hot for hours, at CES 2016 with outstanding success.
Paradata's investors include PivotNorth Capital and Richmond Global.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
For more information visit:
Cool Vendors in Procurement and Sourcing Technology 2016, May 9, 2016 report:
Release quotes pages 1, 6 and 7.
"Bringing Strategic Value to the Supply Chain" video: https://www.youtube.com/watch?v=HAxzVsixQls
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