Vroozi Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Vroozi Strengths, Domain Expertise, and Key Differentiators

Vroozio is a cloud-based business purchasing platform Vroozi is designed for companies who want to empower their employees, connect with their suppliers, and maintain spend visibility from anywhere, anytime. Vroozi has a proven solution within the enterprise space and is now democratizing the procure-to-pay process by bringing that powerful, enterprise-grade functionality to the mid-market. Vroozi customers range from the mid-market to Fortune 1000 companies and privately held enterprises across several industries – entertainment, healthcare, technology, manufacturing, defence, and services. The digital platform reduces transactional costs, maximizes efficiency and improves business margins while giving powerful insights into financial data.

Vroozi Recent Developments

Vroozi's introduction of a virtual AI assistant within its intelligent procure-to-pay platform signifies a strategic move to enhance user experience and streamline the entire procurement process, from intake to automated invoice processing. The incorporation of large language models (LLM) underscores Vroozi's commitment to leveraging advanced AI capabilities, empowering users with unprecedented speed and efficiency in executing tasks within the platform.

In November 2020 Vroozi purchasing and spend management platform for enterprise and mid-market companies, announced a new strategic partnership with Simfoni, an AI-powered spend analytics provider. Through the partnership, Simfoni’s spend analysis capabilities will be offered alongside Vroozi’s procure-to-pay solution. Together, Vroozi and Simfoni will help organizations reduce costs, increase spending under management and improve financial performance.

In June 2020, Vroozi made a release of Vroozi Purchase Requisitions, a catalog and a purchase management extension for SAP SRM and S/4HANA. The new solution enhances the value of SAP SRM by streamlining the purchasing process, improving spend management and boosting user adoption. For companies preparing to migrate to SAP S/4HANA, the catalog extension helps ensure a smooth transition, without disrupting the procurement experience.

Vroozi Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Vroozi applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Vroozi and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Vroozi customers.

Vroozi Key Enterprise and Cloud Applications

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Vroozi Direct vs Indirect sales

Vroozi Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Vroozi Customers

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Fox Rent A Car, the fifth-largest car rental company in the US, expanded the use of the Vroozi platform. Fox Rent A Car was first attracted to the Vroozi Purchase Platform for the full solution that touches not only purchasing but also finance, strategy and so on. Recognizing the need for a full solution, Fox Rent A Car found Vroozi to have a user-friendly, easy system that empowers every individual in the full procurement process.

The Chemours Company. Chemours is a global leader in titanium technologies, fluoro products, and chemical solutions. Using Vroozi, companies can accelerate P2P cycle times by up to 45% through the mobile-friendly marketplace solution that enables users to quickly identify and request desired items while capturing and controlling 100% of the company's spend in real-time.

Vroozi cusotmers are successful because they make procure-to-pay simple through a mobile-first design, and automated using digital and artificial intelligence in the platform. Vroozi customers range from the mid-market to Fortune 1000 companies and privately held enterprises across several industries such as entertainment, healthcare, technology, manufacturing, defense, and services.

Vroozi Market Opportunities, M&A and Geo Expansions

In July 2021, Vroozi has launched a new AI-driven procurement engine within its procure-to-pay solution. The AI engine, which leverages Amazon Web Services (AWS) AI capabilities, increases procurement and AP performance by analyzing transactional patterns to make accurate, data-based decisions. The technology also identifies appropriate actions, enabling companies to reduce tedious, manual processes, eliminate errors and manage risk.   

In September 2019, Vroozi partnered with Nvoicepay, adding another feature to its robust P2P platform. Vroozi extended its platform with Vroozi Pay for a full P2P suite solution.

In July 2017, Vroozi announced a new Expensing module. This Expensing module is a catalyst to the power of Vroozi's real-time feedback on business spending. By allowing users to quickly and easily enter their off-system expenses from any device, businesses avoid uncaptured spend and delayed reimbursements.

Vroozi Risks and Challenges

Expanding outside North America is a bit of a challenge for Vroozi.

Vroozi Ecosystem, Partners, Resellers and SI

Vrooz has a number of consulting, implementation, GTM, supplier, and technology partners. Vroozi has connected thousands of suppliers in the Vroozi Marketplace. Technology partners have enabled customers to connect any of their solutions to the Vroozoi platform, such as ERPs, Plant maintenance systems, Warehouse Management, MRP, and even spreadsheets to name a few.

In June 2020, Vroozi made a partnership with Celigo, the leading Integration Platform-as-a-Service (iPaaS) provider for both business and technical users. This partnership provides Vroozi customers with another option to seamlessly connect their procure-to-pay suite with a variety of ERP financial systems.

In February 2020, Vroozi made a partnership with Stratas to automate purchasing and accounts payable in the UK and Ireland. This Strategic partnership with Stratas expands Vroozi’s global reach and equips mid-market organizations to grow profitably through automation.

Among Vroozi's Partners are Alyx Technologies, Ciber, Cubex, Curvo, Domo, DocuSign, and many others.

Vroozi Cloud Infrastructure Insights

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• Vroozi Public Cloud and Infrastructure (IaaS)
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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: