Enrich was formed in 2013 when a sourcing services and technology firm and an IT implementation services organization joined forces. Spend Matters finds the company's combination of sourcing and procurement expertise and technology implementation capabilities to be compelling. As an Oracle premier procurement partner, Enrich is actively promoted through Oracle’s own channels.
Enrich's core product is Oracle's E-Business Suite (EBS) that it makes available in either on-premise (if you must) or SaaS delivery. The latter part is the big differentiator for Enrich, making EBS available in a cloud package with all the benefits and licensing simplifications it enables. The EBS solution covers spend visibility, sourcing, buying, supplier management and procurement analytics.
A major Enrich differentiator is its pre-configured or pre-templated EBS option that has many of the various configuration work that all Oracle clients have to do already complete. This is what permits Enrich clients to be up and running in EBS in a short period of time. The regular SaaS benefits apply: improved uptime and increased reliability, shift from CapEx to OpEx – easier on budgets and approvals with simple per seat pricing and a refocus (or even reduction) of headcount
Other business benefits include greater implementation predictability and significant project risk reduction versus a traditional onprem ERP approach. The rapid deployment can enable savings within the quarter.
Another differentiator is that Enrich also offers support and services (from people who are already trained in the Enrich pre-templated EBS version) – increasing the chance of success and adoption. As an additional bonus, the Atlanta-based company is NMSDC certified.