At its annual Amazon Business Exchange event, Amazon unveiled a series of new updates designed to simplify and modernize procurement for large enterprise customers.
The updates are designed to help multinational companies, universities, government agencies, educational establishments and healthcare networks that use Amazon Business, the e-commerce giant's business-to-business procurement store.
Speaking about how companies can ensure long-term growth by perfecting their procurement processes, Amazon proudly proclaimed that 66 of the UK's FTSE 100 companies would benefit from the announcement.
Amazon Business makes procurement management easier
The newly launched Amazon Business App Center offers a one-stop shop for business customers to discover, configure, and connect their Business account with more than 25 third-party apps, including integrated purchasing, accounting management, inventory management, and business analytics.
Additionally, System for Cross-Domain Identity Management (SCIM) will automatically sync user and group data to make account maintenance less burdensome for administrators.
The budget management tool has been updated to allow setting and reviewing time-bound budgets, including real-time tracking and usage reporting.
The last of four updates coming to Canada, France, Germany, Italy, Spain, the UK and the US will be an improved Guided Shopping experience, allowing managers to manage employee spending as well as how to block and approve certain purchases.
The updates come in response to more than two-thirds (70%) of UK procurement leaders recognizing there is a need to optimize their procurement functions.
Shelley Salomon, global vice president of Amazon Business, commented: “We're not just reacting to the biggest challenges our customers have shared with us; “We stay ahead of them with new technologies so our clients can use their resources to deal with the unexpected and continue to expand their business.”
Amazon Business is now available in 10 countries, including the above, plus India, Japan, and Mexico.
