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Proprietary tech-enabled data platform Spend Matters closed an investment deal with private investment firm Copley Equity Partners for an unspecified amount, according to a press release on Friday Dec. 10 .Copley Equity Partners, which focuses on lower middle-market companies with strong growth opportunities, backed Spend Matters in part due to its ability to affect purchasing decisions at multiple levels and markets, as well as its ability to optimize the strategic technology procurement decisions across the global procurement, finance and supply chain technology ecosystem.See also: Widening Procurement Scope Of Vendor Risk Management Copley Equity Partners investment in Spend Matters sets the stage for our next phase of growth by allowing us to scale within procurement while expanding into adjacent technology markets, said Spend Matters founder and CEO Jason Busch. Copl
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stanley kubek ill allow us to market and deploy our proprietary data platform into an array of technology markets, including accounts payable, B2B payments, supply chain analytics, ESG and CSR, Busch added.Spend Matters uses a data-driven approach to analyzing technology and solutions. It pioneered SolutionMap, a technology benchmarking methodology based equally on granular analyst technology assessments and customer reference inputs. Read more: Reducing Supply Chain Fragmentation Helps Businesses Battle
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High-tech tools for the enterprise are no longer reserved for the largest, most cash-rich organizations.In recent years, innovators have begun to focus on the small b
stanley us usiness, enabling SME owners to adopt more simplified and affordable solutions, like eInvoicing or cash flow management solutions.This democratization of technology began only a few years ago, right around the time Capital One launched its small business services unit,聽Spark Business, in 2011. Since, the FI has developed its own suite of solutions for SMEs, but while technology has become more available to entrepreneurs, actually getting those small businesses to integrate innovative tools is its own hurdle. I think one of the biggest challenges of the small business owner is having the time to research and discover these platforms and for the technologie
stanley termohrnek s themselves to be transparent and understandable in the limited time they have, Greg McAllister, VP of product and business development at Capital One, recently told Karen Webster.Indeed, in the most recent PYMNTS SMB Technology Adoption Index, the stats suggest that, while small business owners are certainly intrigued by the newest technologies available to them entrepreneurs rank themselves fairly high on a technology adoption scale , only 13 percent said they are willing to innovate in the realm of the payment technologies they use.Capital Ones own research, released via its Spark Business Barometer, fou
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