B2B Payments

Vroozi Eyes Data Integration For Deeper Spend Management

Vroozi Eyes Data Integration With Dell Boomi

Mobile-first business procurement solution provider Vroozi is expanding its existing partnership with data integration platform Dell Boomi, the companies said in an announcement on Tuesday (March 5).

Vroozi noted that its collaboration with Dell Boomi aims to make it easier for businesses to aggregate third-party data for a more holistic view of spend, with the partnership supporting Vroozi’s SpendTech solution. Dell Boomi provides a mechanism for companies to implement a centralized solution that facilitates data aggregation and integration across multiple areas of the enterprise, the firms noted, adding that Dell Boomi will enable Vroozi to become functional in an enterprise with its existing ERP and other enterprise platforms.

“An effective, powerful procurement software implementation relies largely on the integration with existing and legacy software systems,” said Vroozi Product Manager Hugo Solano in a statement. “Vroozi was founded on the idea that procurement implementations needed to be easier, and we are constantly striving to make that a reality for our clients. Partnering with Dell Boomi was an obvious next step to provide our clients with the best integration and fastest time to market for our SpendTech platform.”

Vroozi has previously augmented its offering with the rollout of an Expense feature in 2017, enabling companies to enter expense data into the platform for broader visibility into spend. Users scan their receipts using their smartphones to automatically include transaction data into the Vroozi Purchasing Platform, which then analyzes that spend.

That same year, the company named its new Chief Executive Officer Gregg Parise, who said at the time he would steer the company to focus on “innovation, culture and elevating its purchasing suite.”

The move followed a $4 million equity investment round by Ally Holdings, which Vroozi said would help the company expand into Europe.

Former CEO Steve Olds said the funding reflects “global demand” for the firm’s procurement and spend analytics, particularly in the middle market and larger enterprise space.

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