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
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.
In April 2017, Vroozi's spend management and payable's solution unveiled the newest mobile application to its expanding procure-to-pay suite, Vroozi Discovery. Vroozi Discovery's mission is to make searching for suppliers effortless across any device, providing a global digital directory through which employees can access authorized suppliers based on location, category, and other refined criteria.
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.
Ownership: - x
Number of Employees: 100
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Real Estate, Consumer Packaged Goods, Distribution, K642, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail,
Vroozi Key Enterprise and Cloud Applications
Vroozi Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Vroozi Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Vroozi Enterprise Applications Revenues By Functional Markets, $M:
Vroozi Enterprise Applications Revenues By Verticals, $M:
Vroozi Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Vroozi Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Vroozi Customers - Breakdown by Geo, Size, Vertical and Product
No. of Vroozi Customers: x
No. of Vroozi Enterprise Applications Customers: x
No. of Vroozi Cloud Customers: x
No. of Vroozi Cloud Subscribers: x
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)
- Vroozi Platform (PaaS)
- Vroozi Application Delivery
- Vroozi Private Cloud and Data Centers
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).
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