The complete spend management platform, Spendesk acquires Okko, a French procurement company. By integrating the technology and resources of Okko, Spendesk becomes the first European solution to fully integrate procurement and spend management for mid-sized businesses.
Okko’s procurement platform helps businesses to digitise the procurement process. From the initial need to the final purchase order, Okko’s user-friendly approach provides the complete workflow including capabilities like vendor management, collaborative purchase requests and contract renewal management. The resulting ‘intake-to-procure-to-pay’ solution enables finance teams, legal teams, IT departments and more to benefit from a collaborative, automated and frictionless process to fully control spend even before it happens.
With a shared vision of putting employees at the heart of their tools, the acquisition of Okko represents an important development in Spendesk’s strategy to integrate robust, streamlined procurement services and broaden its scope to provide solutions that meet the more complex needs of larger companies.
Rodolphe Ardant, co-founder and CEO of Spendesk said: “Spendesk has consistently been at the forefront of innovation in the spend management space. The acquisition of Okko reflects Spendesk’s dedication to staying ahead of the curve and our ambition to liberate every part of our clients’ business with smarter, agile spending solutions.
“While finance teams already use spend management features such as payment methods and budget controls for purchase orders, the procurement process is more laborious. Poor workflows and tools lead to a lack of visibility, additional workloads, and cost control difficulties for all teams involved. Now, we can help clients to increase the efficiency of these complex processes,” Ardant continued.
Read the full article: https://ffnews.com/newsarticle/fintech/spendesk-acquires-okko-to-fully-integrate-procurement-and-spend-management/
