Scout RFP Raises $15.5 Million in Series B Financing Round Led by Menlo Ventures
Summary
Traditionally, sourcing has been hindered by disparate spreadsheets, disorganized email chains, and legacy technologies that inhibit teams’ ability to work collaboratively, efficiently, and effectively. Its simple yet effective interface enables companies to streamline supplier selection, centralize data, collaborate cross-functionally, manage contracts, and make more informed purchasing decisions faster. "Scout’s eSourcing product is dramatically improving the way organizations go from ‘source to contract.’ Fortune 2000 customers share this need and yet are still stuck using a combination of email, Excel, and Word,” said Matt Murphy. Leading brands like Adobe, Intuit, CEMEX, Splunk, easyJet, ServiceNow, Cerner Corporation, and Zebra Technologies trust Scout’s automated sourcing and auction platform to deliver greater value through collaborative business engagement. 27,000 active users across 89 countries have chosen Scout’s simple, effective interface to streamline supplier selection, centralize data, and make more informed purchasing decisions, faster.
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