24 Oct Scout RFP Crosses $38.5 Billion in Spend Managed and Appoints VP of Finance to Drive Growth
Company builds on growth momentum in 2019, enabling advanced, strategic sourcing and procurement for over 235 organizations worldwide
SAN FRANCISCO–(BUSINESS WIRE)–Scout RFP, the company that is revolutionizing Sourcing and Procurement technology, today announced that it has achieved a series of new milestones on the heels of significant growth in 2019, including more than $38.5 billion worth of spend managed through its platform. Scout’s continued momentum is also reflected in its expanding employee base and appointment of Bryan Rosenstein as Vice President of Finance and Accounting. Over the last year, Scout’s employee count grew 60 percent as the company opened new offices in Toronto, New York City, and Chicago to continue to serve its global customers.
Today, the company’s solutions are leveraged by more than 235 organizations across 155 countries. To date, Scout’s nearly 300,000 global users have projected nearly $4.1 billion in savings thanks to greater visibility into sourcing processes, supplier management, project execution and enterprise collaboration. The platform is now offered in English, Spanish, German, French, simplified Chinese, traditional Chinese, Portuguese, and Korean, with Japanese available in November 2019.
“We’re incredibly proud of Scout’s growth and credit that momentum to the strong partnership between our employees and the procurement teams we serve,” said Alex Yakubovich, CEO of Scout RFP. “In the coming year, we’ll continue to bring together finance and procurement – delivering critical visibility into business operations and spending, mitigating supplier risk, and powering greater overall efficiency and agility for enterprise commerce.”
As the VP of Finance and Accounting, Rosenstein is responsible for driving Scout’s growth and overseeing all financial operations. He has a deep knowledge of and experience in financial and operational management. “I can’t imagine a more exciting time to step up and play a deeper role in ensuring that Scout is best positioned to maintain this steady growth,” said Rosenstein. “I am delighted to help take Scout to the next level.”
Additional milestones achieved by Scout include the SIG award for Innovations in Supplier Performance Management, awarded jointly to Scout and customer VSP Global. In July 2019, Scout was recognized among the Top 10 Auction Software Solution Providers 2019 by CIO Applications, reflecting over 4,300 total reverse auctions managed on its platform to date. Earlier this year, Scout was presented with the 2019 Supply Chain Operations Award from Unitywater, the progressive water and sewage utility based in Queensland, Australia and also received the 2019 overall award for Supplier Appreciation Business Productivity Tool from Palo Alto Networks.
Scout will build on its recent achievements and momentum with the third annual SPARK conference, which will be held from Feb. 24-25, 2020 in San Francisco. The event serves as a hub for innovative business leaders who are transforming the way they work – with a focused track for CFOs – and will bring together 800+ industry professionals for two full days of learning, networking and training focused on sourcing and procurement. Learn more about SPARK 2020 here.
About Scout RFP
Scout is the sourcing and supplier engagement platform trusted by procurement teams to streamline their processes, manage a unified pipeline of projects, and collaborate with stakeholders and suppliers to achieve greater business impact. More than 235 global brands like Biogen, JetBlue, Uber, Owens Corning, VSP Global, Xero, Zebra Technologies, and Zappos trust Scout’s automated sourcing and auction platform to deliver greater impact through seamless business engagement. Managing over $38.5 billion in project spend, Scout’s powerful platform helps make enterprise commerce faster and more transparent, reduces risk, and drives profitability. Scout is headquartered in San Francisco and funded by Scale Ventures, Menlo Ventures, New View Capital, Salesforce Ventures, Workday Ventures, and GV. Read more on the Scout Blog or follow @scoutrfp on Twitter or LinkedIn.
ICR Inc. for Scout RFP