Scout Wins PayStream Advisors 2016 Innovative Sourcing Technology of the Year Award

Strategic Sourcing Solution Hailed for Driving Impact-Based Business Outcomes

San Francisco, CA – October 25, 2016 — Today Scout RFP (Scout), the leading cloud-based strategic sourcing provider, announced it is the recipient of PayStream Advisors’ Innovative Sourcing Technology of the Year Award. This award designates Scout as a disruptive sourcing technology that supports smarter supplier purchasing decisions that align with long-term business goals.

“We are delighted to receive PayStream’s sourcing technology award for our innovative solution that supports organizations’ larger strategic goals,” said Scout RFP President Stan Garber. “We want to thank all CPOs and sourcing professionals for their continued support and trust. Winning the 2016 PayStream innovation award reflects Scout’s commitment to its customers’ enterprise growth and profitability.”

Scout’s intuitive platform allows enterprise sourcing teams to collaborate across the business, strengthen supplier partnerships, and enforce process compliance. These capabilities empower organizations to capitalize on sourcing opportunities in real-time and have greater impact on their bottom line.

The PayStream Advisory Board recognizes automation software providers that deliver innovative solutions to drive successful business outcomes. This is the seventh year that PayStream Advisors has celebrated technology innovation with their award series that spans critical supply chain operations from payment processing to sourcing and procurement. Six companies have been honored in 2016.

“The Scout RFP solution brings a breath of fresh air to the sourcing space,” commented Jimmy LeFever, Director, Research and Consulting at PayStream Advisors. “Scout features a truly intuitive design that minimizes the amount of touches necessary to complete a sourcing event. Scout also eliminates the need for traditional training with tutorial-based on-boarding from within the solution, something not yet seen in the eSourcing space. PayStream Advisors is thrilled to present Scout with the Innovative Sourcing Technology of the Year Award,” LeFever concluded.

Earlier this month, Scout was also awarded Ventana Research’s 2016 Technology Innovator Award. Both the PayStream and Ventana awards add to Scout’s momentum in an industry that is primed for disruption. Scout RFP is that long-awaited innovation. In less than 22 months, over 88 global customers have adopted Scout’s mobile, cloud-based sourcing solution to transform their strategic enterprise operations.

About Scout RFP
Scout RFP is a new breed, cloud-based strategic sourcing solution that allows organizations to make more informed purchasing decisions, faster. Leading brands like Intuit, CEMEX, Jo-Ann Stores, VSP Global, Zebra Technologies, Splunk, and Cerner Corporation trust Scout’s automated sourcing and auction platform to deliver greater value through collaborative business engagement. Over 88 brands and 18,000 active users across 55 countries have chosen Scout’s simple, effective interface to streamline supplier selection and centralize data. Scout is headquartered in San Francisco, and funded by New Enterprise Associates (NEA) and GV (formerly Google Ventures). To learn more, please visit scoutrfp.com, follow us on Twitter @scoutrfp or LinkedIn.

About PayStream Advisors
PayStream Advisors is a research and advisory firm focused on business process automation in sourcing, supply chain management, procurement, accounts payable, payments, and expense management. PayStream’s team of experts provide targeted research and consulting services to address the changing needs of finance and procurement professionals. In short, they are dedicated to maximizing the returns and lowering the risks associated with technology investment. PayStream’s research reports, white papers, webinars, and tools are available free of charge at www.paystreamadvisors.com or @PayStream. PayStream Advisors is a division of Levvel, an IT consulting firm specializing in technology strategy, design, architecture, and implementation services.

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Contact:
Michaela Dempsey
Senior Director of Marketing, Scout RFP
mdempsey@scoutrfp.com