Buyers Edge Platform Strengths, Domain Expertise, and Key Differentiators
As a foremost Software and Analytics company, Buyers Edge Platform is dedicated to revolutionizing the foodservice sector through cutting-edge technology and actionable insights. From connecting diverse entities within the food service ecosystem to enabling seamless operations through data utilization, Buyers Edge Platform stands as a beacon of innovation and progress.
Buyers Edge Platform Recent Developments
In March 2023 Buyers Edge Platform launched Buyers Edge Back Office. Tailored specifically for restaurant operators, this comprehensive solution serves as an offering a seamless and intuitive approach to managing food costs and back-office operations.
Buyers Edge Platform has responded with a groundbreaking solution that aims to revolutionize the way restaurants manage their operations. Buyers Edge Back Office emerges as a beacon of simplicity, offering a unified platform to streamline restaurant operations and minimize the tech stack. Central to the appeal of Buyers Edge Back Office is its focus on addressing the specific revenue, cost of goods, and labor concerns that restaurants encounter on a daily basis.
By consolidating essential functionalities such as ordering, accounting, payroll, and food cost management into a single, easy-to-use software-as-a-service (SaaS) platform, Buyers Edge Platform empowers restaurant operators to simplify their current tech stack and enhance operational efficiency. Buyers Edge Platform reaffirms its commitment to driving innovation and empowering businesses for success.
Buyers Edge Platform Mergers and acquisitions (M&A) Activities
In February 2023 Buyers Edge Platform acquired Svenska Krogare AB, a prominent provider of Group Purchasing services to Sweden's hospitality industry. By joining forces with Buyers Edge Platform, Svenska Krögare AB partners and members gain access to an expanded array of procurement opportunities and cutting-edge technology solutions, empowering them to make more informed and profitable purchasing decisions. Building upon its initial investment in Svenska Krögare AB in 2020, Buyers Edge Platform is now poised to establish a solid foothold in Sweden, leveraging it as a springboard for further growth across Europe.
In December 2022 Buyers Edge Platform acquired Restaurant Accounting Services Inc. (RASI). This acquisition marks a significant milestone for Buyers Edge, reinforcing its commitment to providing comprehensive solutions tailored to the unique needs of the food service industry. By joining forces with RASI, Buyers Edge is poised to address this need head-on, empowering restaurant operators with the tools they need to lower food costs, improve operational efficiency, and enhance margins.
The integration of RASI's software offerings into Buyers Edge Platform's ecosystem represents a paradigm shift in restaurant management. From daily accounts payable and automation to inventory management, recipe costing, accounting, and payroll, Buyers Edge Platform now offers a comprehensive suite of solutions under one roof. Whether for independent restaurants, multi-location chains, franchises, or enterprise-level operations, Buyers Edge Platform remains steadfast in its commitment to delivering value and innovation at every turn.
In August 2022 Buyers Edge, acquired ArrowStream, a prominent provider of supply chain management Software-as-a-Service (SaaS) solutions. The acquisition of ArrowStream by Buyers Edge marks a significant milestone in the evolution of food service procurement. By integrating ArrowStream's powerful software capabilities into its platform, Buyers Edge aims to empower its clients with the tools they need to navigate the challenges of today's food service industry effectively. From distributors and suppliers to restaurant operators, the benefits of this strategic partnership are poised to reverberate throughout the entire supply chain ecosystem.
With the acquisition of ArrowStream, Buyers Edge reaffirms its commitment to driving innovation and empowering its clients with the tools they need to succeed in an ever-changing business landscape. Together, Buyers Edge and ArrowStream are poised to revolutionize the future of food service procurement, ushering in a new era of efficiency, resilience, and growth.
Buyers Edge Platform Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Buyers Edge Platform 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 Buyers Edge Platform 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 Buyers Edge Platform, PayStream, Buyers Edge Purchasing customers.
Buyers Edge Platform Overview
Ownership: - x
Number of Employees: 1000
Functional Market: Payroll,
Key Verticals: Consumer Packaged Goods, Distribution, K12, Higher Education, Healthcare, Leisure and Recreation, Hospitality, Manufacturing, Retail,
Buyers Edge Platform Key Cloud and HCM Applications
Buyers Edge Platform, PayStream, Buyers Edge Purchasing
Buyers Edge Platform HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** 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.
Buyers Edge Platform Revenue Breakdown by Type:
Buyers Edge Platform HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Buyers Edge Platform HCM Applications Revenues By Verticals, $M:
Buyers Edge Platform Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Buyers Edge Platform Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Buyers Edge Platform Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Buyers Edge Platform Customers
No. of Buyers Edge Platform Customers: 20000
No. of Buyers Edge Platform HCM Applications Customers: x
No. of Buyers Edge Platform Cloud HCM Customers: x
No. of Buyers Edge Platform Cloud HCM Subscribers: x
Buyers Edge Platform has recently achieved a significant milestone by processing a staggering $1 billion in food service purchasing volume in March. This milestone not only underscores the platform's growing influence and market dominance but also highlights a notable trend in the restaurant industry – an increasing emphasis on leveraging purchasing data, reducing costs, and enhancing profitability.
Buyers Edge Platform witnessed a surge in new customers, signing up more than 20,000 new members. The rise of Buyers Edge Platform as a preferred procurement solution reflects a broader trend within the food service industry – a shift towards digitalization and automation to drive efficiency and cost savings. By providing restaurant operators with access to a comprehensive suite of tools and resources, the Buyers Edge Platform empowers them to make more informed purchasing decisions, negotiate better deals with suppliers, and ultimately, improve their profitability.
Buyers Edge Platform Market Opportunities, M&A and Geo Expansions
In this digital transformation era, Buyers Edge Platform spearheads the transition from manual to automated processes, offering programs designed to enhance operational efficiency and profitability for all stakeholders across the supply chain. With a robust network encompassing many companies and over 60,000 operator locations, Buyers Edge Platform leverages its extensive reach to empower businesses with unparalleled resources and scalability.
Buyers Edge Platform Risks and Challenges
As a digital procurement platform, Buyers Edge Platform relies heavily on its technology infrastructure to deliver services to its customers. Any disruption or failure in this infrastructure, whether due to technical glitches, cyberattacks, or system downtime, could severely impact the platform's ability to function effectively.
Given the sensitive nature of the data processed by Buyers Edge Platform, including purchasing data from restaurant operators and suppliers, data privacy and security concerns loom large. Any breach of data could not only result in financial losses but also damage the platform's reputation and erode customer trust.
Buyers Edge Platform Ecosystem, Partners, Resellers and SI
In April 2023 DAVO by Avalara joined forces with Buyers Edge Platform - Back Office to offer a comprehensive suite of data-driven technology solutions tailored specifically for the hospitality industry. This partnership represents a significant step forward in simplifying restaurant tech stacks and empowering operators to accelerate growth through enhanced operational efficiency and profitability.
By integrating DAVO by Avalara's innovative technology into its platform, Back Office enhances its offering with advanced sales tax management capabilities. DAVO by Avalara specializes in simplifying sales tax compliance for businesses, automating the calculation, filing, and remittance of sales tax on behalf of merchants. With DAVO by Avalara's solution seamlessly integrated into the Back Office's platform, restaurant operators can ensure compliance with sales tax regulations while reducing administrative burden and minimizing the risk of errors.
Buyers Edge Platform Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Buyers Edge Platform Public Cloud and Infrastructure (IaaS)
- Buyers Edge Platform Platform (PaaS)
- Buyers Edge Platform Application Delivery
- Buyers Edge Platform Private Cloud and Data Centers
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:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
