Denali Sourcing Services announced Tuesday it has been acquired by WNS Holdings, turning a once finance and accounting-focused procure-to-pay (P2P) offering into a more comprehensive solution aimed at procurement groups.
“The acquisition of Denali Sourcing Services adds a strategic procurement capability to our existing finance and accounting solutions,” said Keshav Murugesh, CEO of WNS. “In combination with our existing procure-to-pay (P2P) capabilities, the acquisition of Denali will enable us to offer complete end-to-end source-to-pay (S2P) solutions.”
Denali provides procurement BPM services to companies in the high-tech, retail, banking and financial services, utilities and healthcare industries. Its sourcing offering consists of source-to-contract (S2C) solutions, including modules for category management, strategic sourcing, contract and supplier management and spend analytics.
The deal treats Denali Sourcing Services as a separate entity and does not include Denali Advisory/Consulting, Denali Talent/Staffing, Denali Recruiting and Denali Intelligence, all of which will rebrand in the coming months.
“Having successfully worked together over the past three years, we believe this combination is a good strategic and cultural fit,” said Alpar Kamber, Founder and CEO of Denali Sourcing Services. “We are confident that WNS’ capabilities, market presence and customer base will allow us to drive deeper client value, expand our reach and create new offerings.”
GEP Lands Agreement with Prudential UK & Europe
S2P provider GEP announced Tuesday it will provide outsourced procurement services and its SMART by GEP platform to Prudential UK & Europe. Services GEP will provide include strategic sourcing and sourcing support, category management, supplier relationship management and procurement operations.
"Prudential is continually looking to drive out more efficiency and apply best practices in managing our suppliers and procurement activities,” said Richard Powell, director of procurement and supply chain for Prudential. “GEP mirrored our requirements most closely in a highly competitive selection process. We look forward to working together as we embark on transforming our procurement operating model."
New Frontiers for Auto Suppliers
As the picture of what the car of the 21st century looks like becomes clearer, suppliers in the automotive supply chain are scrambling to become providers of more than just commodity parts, the Wall Street Journal reports. The rise of autonomous vehicles may create a $20 billion global market for sensors, software and systems used in such vehicles by 2020, according to AlixPartners, a consulting firm, and auto suppliers are now beginning to focus on selling the smarts of the car to OEMs rather than powertrains and chips.
Amazon Looks Into Tunnels for Delivery
And finally, you may have heard of Amazon’s plans to deliver packages by drone, but that’s not the only distribution system the e-commerce giant is investigating. A recent patent submission by the Seattle-based company details a system that makes use of conveyor belts and vacuum tubes to transport parcels and containers — both above and underground. According to the patent, Newsweek writes, benefits of such a delivery system include increased efficiency, more reliable deliveries and less traffic on the roads, as fewer delivery vehicles would be needed.