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Airbase, a spend management platform for small to mid-size companies, announced a $60 million round of funding led by Menlo Ventures. It brings the company’s valuation to $600 million, according to a press release announcing the investment.
Airbase said the fresh capital will be used to drive product improvements and innovation to define the category, transform how companies spend money and elevate the role of employees to focus on value-added work. The Airbase solution combines accounts payable automation, software-enabled corporate cards and employee expense reimbursements.
A TechCrunch article said Airbase CEO Thejo Kote sees the spend management market segmenting along target customer scale. Airbase has focused on the mid-market.
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Agility is top of mind for procurement leaders. In order to address the key statistics and trends of agility in procurement, Spend Matters is hosting a webinar in partnership with the consulting specialists at Deloitte and the business spend management solution provider Coupa.
The webinar will address three critical issues that procurement leaders are grappling with right now:
Value generation and improved supply chain resiliency in the face of unheralded complexity
Improving process agility to stay tightly aligned with stakeholders and suppliers
Leveraging next-generation operating models and platforms that harness talent and intelligence
Coupa’s Chief Procurement Officer Michael van Keulen and Deloitte’s Managing Director Max Goralnick will take a closer look at the trends, challenges and opportunities that the recent Deloitte 2021 Global CPO Survey revealed about agility in businesses. Spend Matters’ Chief Research Officer Pierre Mitchell will mo
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Next month, on Thursday May 13, Spend Matters will host a webinar (more information here) with multinational professional services organization Deloitte and global business spend management solutions provider Coupa on three critical issues that procurement leaders are grappling with right now:
Value generation and improved supply chain resiliency in the face of unheralded complexity
Improving process agility to stay tightly aligned with stakeholders and suppliers
Leveraging next-generation operating models and platforms that harness talent and intelligence
You are probably wondering how we arrived at this shortlist out of the so many concerns that businesses face during this year of more unknowns and uncertainties.