Afternoon Coffee: Fed’s Beige Book Positive Despite Hurricanes, Per Angusta Raises €1 Million in Seed Round

astrosystem/Adobe Stock

The U.S. Federal Reserve’s lastest edition of its Beige Book indicated modest to moderate economic growth across its 12 districts from September to October. Sourcing startup Per Angusta announced Thursday it had €1 million in an initial investment round led by investment funds Kreaxi and Pléiade Venture. Afternoon Coffee brings you the latest in procurement and supply chain news.

Aquiire Sponsored Article
Procurement Digital Transformation: The Top 10 Ways Real-Time E-Procurement Matters

Aaron Amat/Adobe Stock

The Hackett Group’s 2017 reportRaising the World-Class Bar in Procurement Through Digital Transformation cited that 84% of procurement leaders believe that digital transformation will profoundly transform the way they deliver their services over the next three to five years. Conversely, only 32% have developed a strategy for getting there. The report finds that typical procurement organizations can reduce procurement process costs by up to 24% by implementing cloud-based procurement applications, robotic process automation (AI), advanced analytics and other digital transformation approaches. At Aquiire, we have found that even more untapped savings can be achieved by introducing real-time data into the purchasing and procurement processes.

Business Intelligence to Transform Procurement