The company is funded in part by the Menlo Park, California-based Shasta Ventures and other investors including Madrona Venture Group. XCritical said that its machine learning platform helps to curb costs and manage risks, which 78 percent and 54 percent of the survey respondents, respectively, said were top business concerns. “Simultaneously, enterprises are sitting on mountains of data that can help them run more profitably and efficiently than ever before,” Parekh said.

The company’s cloud service is not limited to procurement, as it can also be used to analyze travel and other expenses charged to corporate credit cards. Formulate, direct, or coordinate marketing activities or policies to promote products or services, working with advertising or promotion managers. XCritical’s proactive, automated insights help teams easily identify issues, make decisions and take action.

Qualifications7+ years of experience in product marketing, go-to-market planning and launching new products for enterprise B2B software companies. We can be flexible on the years of experience, but we will not consider applicants who do not have have prior B2B/Enterprise SaaS Marketing experience. is a shipping logistics Cryptocurrency Exchange platform that gives businesses access to instant quoting and booking, as well as real-time shipment tracking. The company’s platform — embraced by more than 1,000 customers — has been used by global brands like Dasani, Samsung and Shell, to find optimal shipping rates and track products around the country.

• In 2017 SAP Ariba announced plans to create an intelligent digital assistant designed to help with everything from risk assessment to product sourcing.
• People using XCritical are delighted with their modern and fluid user experience, advanced analytics, and AI-persistent insights algorithms to consolidate vendors, aggregate demand, negotiate contracts and manage supplier performance.
• In 2012 Ariba was purchased by SAP and now provides a full range of cloud-based procurement, spend management and supply chain services.
• XCritical enables Workday customers to increase operational intelligence, efficiency, and effectiveness, so they can invest in growth, innovation, and their people.
• XCritical’s AI-driven insights platform empowers enterprises to uncover hard-dollar cost savings and risk buried under millions of Workday data points.
• With XCritical, customers can connect Workday to third-party enterprise applications and data sets, including AP, T&E, contracts, p-card, POs, and invoices.

With an ERP system implemented for finance, their procurement team found it difficult to assess and manipulate data. Enterprise Procure-to-Pay suites are great – if you are OK with a time-to-value of 12 months or more for spend intelligence. We call it spend agility — using clean data, automated insights, and predictive actions to continuously manage costs and cash flow. Apart from the CEO being a tone-deaf sociopathic I-went-to-Harvard-so-I’m-very-smart joke of a leader, the company has and has continued to have troubling internal issues that ultimately lead to an extremely frustrating work environment. The CEO can’t figure out how to let anyone do their job without constantly jamming his hands into the pot while adding absolutely nothing of value to the conversation, and the overall product has been less than impressive as time has gone on. For as long as XCritical has been in operation, the lack of actual value delivery is almost impressive.

As an engineer, I had full freedom to pick and choose whatever tech stack I deemed best suited for the job. Chad, VP of Engineering, whom I reported to, was a more of a mentor than a boss. My colleagues were truly smart and focussed on making a good product and fast. Working at XCritical has truly being the most satisfying experience of my career. TRADOGRAM is for CRM businesses seeking a cost-effective procurement management solution to streamline their entire purchasing process and gain 100% visibility into their spending. Companies looking to streamline, control and improve their procurement process; growing procurement teams who need a dedicated SRM, onboarding, eRFx/eAuctions platform, with audit and top security.

They automatically and persistently monitor enterprise data and proactively detect opportunities to optimize spend, risk, and compliance. At XCritical, we strive to live by our values – Customer First, Agility Mindset, and No Ego. We have a high net promoter score from our customers who value the product we have built which is reflective of the value that they are receiving. We are constantly trying to learn and improve and would welcome an opportunity to discuss your feedback. Thank you for taking the time to leave your feedback as it is a good learning opportunity for us. Single customer reviews can sometimes be written with a mix of both positive and negative experiences, despite the awarded star-rating.

The data requirements are straightforward, making it easy for your department to pull the data – with or even without IT’s help. Driving savings, strategic spend, and spend reduction is core to their strategy. CDK Global implemented a multi-year spend reduction initiative to innovate & invest in new cloud-based software. Reduced YoY marketing spend by 20%, travel by 20%, and IT spend 15%. Mid-market companies that require proactive management of purchase requisitions and approvals, procurement and expenses. XCritical serves a variety of customer focusing primarily on Procurement, Supply Chain & Sourcing teams.

These are just some of the companies we’ve had the pleasure of working with. Economizing on supply chain sources has led to many organizations xcritical official site working with single sources for materials. Whilst this is an efficient and low-cost mechanism for supply, it’s fast growing outdated.

You should be an excellent communicator, simplifier and self-starter with a proven track record of working with customers and executive stakeholders in sales, marketing, product and customer success. XCritical Purchasing Intelligence extends the value of the XCritical Intelligence platform by connecting and analyzing purchase orders (PO’s) against data from Contract Intelligence and Spend Intelligence packs. By subscribing to Purchasing Intelligence, customers receive a continuous stream of purchasing related AI-driven insights developed by the XCritical Data Science team. These insights can identify suppliers, business units, and even rogue employees that pose unseen risk to the enterprise. Implementation is simple and seamless and requires just limited IT or professional services support. Enterprise organizations can be live and running in as little as 30 days.

High spend on cloud, IT, content & Marketing, with rapidly changing spend and budget. Drove savings by renegotiating contracts with shipping and freight suppliers. CRM In less than 30 days, Sonos had access to intuitive reporting and analysis across AP, P-card, T&E, and contract spend within Microsoft Dynamics and Apptus.

Next Generation Intelligent Spend & Financial Management

XCritical Users

The rocket ship ride of buzz and growth is a nice adrenaline rush when you get it, but how exactly does one find these companies? Phil Chatterton is the Co-founder and President at Warmcall, Inc. a screening bot company for purchasing (warmcall.com). If you are xcritical interested in learning more about warmcall you can watch a quick video here. Another area where AI can help is with bandwidth and prioritization. AI can help to rank the different procurement projects through a lens of prioritization based on a lot more data.

XCritical applies AI and machine learning to transform and connect spend data – mainly from ERP and accounts payable systems, and also contract repositories, travel, and expenses (T&E), as well as corporate and P-card transactions. They then run algorithms across data sources to reveal optimization opportunities. The firm can also build custom insights that connect to other enterprise data sets including budgets, cost object allocations, departmental spend and more. Finance, Operations, Procurement, and IT business leaders rely on XCritical to gain better spend visibility and operational agility to optimize costs, assure compliance and reduce risk and fraud. With XCritical, category managers, buyers, auditors, financial analysts and anyone with budget responsibility become change agents of value in the insights-automated enterprise. Customers from large Fortune 500 to mid-size enterprises have worked with XCritical’s dedicated success team to get up and running quickly – from rehabilitating their fragmented data to capturing cost savings. With XCritical, category managers, buyers, auditors, financial, and analysts with budget responsibility become catalysts of value creation in the spend-accountable enterprise.

There is an eye-rolling level of touting how “transparent” things are when the reality is, that isn’t the case. In my time there, I saw high turnover, a ratchet Sales cycle with inconsistent and harmful leadership, layoffs that seem absolutely insane, and a vision that is clouded by the cataract-levels of dysfunction and ego. It is still very much in its infancy and it is being used most effectively by companies that have big problems and even bigger bank accounts. This creates a huge realm of opportunity however as the technology matures and solutions become available at both ends of the scale. So for SMBs there will shortly be a raft of SaaS companies that will be using AI and Machine Learning to tackle a lot of business challenges. Coupa among other things is focused on what companies are doing on the spending front and how they can help you find efficiencies using various solutions including AI.

This data can include contracts, purchasing data, product usage information and data from corporate credit card accounts. Most of these AI solutions today are really aimed at large enterprises because they are complex and they tackle a lot of the more complex aspects of procurement like risk management, supply chain management, and big data analysis. To run a platform like SAP Ariba, Supplari or Coupa you need some serious pocket change. You also need to have a large team and a lot of suppliers and a lot of data. That’s great if you are Airbus but not if you are a 100 person tech company buying SaaS. Braintree, a division of PayPal, provides payment services to businesses of all sizes. Accepting payment types ranging from credit cards to Venmo, its products help companies that operate online and as marketplaces to bolster security, prevent fraud and safeguard user information.

“a Rewarding Startup Experience”

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Join The Spend Agility Revolution

Clear and ready-to-use dashboards give you visibility into spend and trends by the supplier, departments, and categories. It’s easy to navigate, drill, search and filter data across systems. XCritical makes contracts conveniently accessible to stakeholders and shows you a visual timeline of early renewals due dates and vendor fiscal year-end dates.

Ways Sales Can Use Podcasting To Engage Buyers

In 2017 SAP Ariba announced plans to create an intelligent digital assistant designed to help with everything from risk assessment to product sourcing. People using XCritical are delighted with their https://xcritical.expert/ modern and fluid user experience, advanced analytics, and AI-persistent insights algorithms to consolidate vendors, aggregate demand, negotiate contracts and manage supplier performance.

Nikesh Parekh is the Co-Founder and Chief Executive Officer of XCritical. He is an executive with proven ability in executing growth strategies at private and public technology companies. He drove strategy and lead a turnaround at leading real estate SaaS sales & marketing & lead generation platform driving 30% annual revenue growth, 10% EBITDA margins, and acquisition of Market Leader Inc. for $380m in August 2013. Mr. Nikesh Parekh also leads the largest social network & blogging platform in the real estate industry to profitability in six months, leading to the acquisition of ActiveRain by Market Leader Inc. in October 2011. The company’s cloud-based service allows businesses to analyze all of their procurement data across platforms and formats.

Acquired by Privateer Holdings in 2011, the company is playing a major role in marijuana’s transition toward mainstream acceptance, helping users identify and purchase products to soothe medical conditions or suit their lifestyles. Coordinate or participate in promotional activities or trade shows, working with developers, advertisers, or production managers, to market products or services. XCritical has assembled one of the top technology teams in Seattle and was founded by experienced management from HP, Amazon, Apptio, Skytap, iConclude, Trulia, and Zillow. XCritical is backed by top tier venture capital investors Madrona Venture Group, Shasta Ventures, Amplify Partners, Two Sigma Ventures and Workday Ventures.