Beroe and Procurement Garage: Boosting Business in LATAM

Beroe, a global leader in procurement decision intelligence, and Procurement Garage, a leading global consultancy firm specialising in procurement, supply chain and logistics, have formed a strategic partnership aimed at delivering a competitive edge in procurement for businesses across Latin America.

The partnership looks set to provide an accessible, affordable alternative to other market intelligence services in the region.

This will combine Beroe's advanced, data-rich solutions and Procurement Garage's nuanced, market-specific expertise to create innovative procurement solutions tailored to the unique dynamics of the Latin American market.

Promising procurement sector

Procurement Garage offers a deep regional understanding and track record within Latin America's procurement landscape.

Crucially, it helps businesses uncover and install solutions to address spend and risk management and digital transformation in their supply chains.

The result is the delivery of local strategic insights – a critical need for business success, especially in this rapidly maturing market.

Vel Dhinagaravel, Founder and CEO at Beroe, says: "Latin America is a diverse and dynamic region with significant year-on-year GDP growth and the procurement sector here has never been more promising.

"The rising demand for localised, strategic intelligence in procurement aligns with Beroe's vision and product offering. Procurement Garage's unrivalled regional experience makes them an ideal partner to help us deliver solutions which can improve business outcomes and ensure procurement teams can always be in the know."

Rapidly maturing procurement 

The partnership also presents Beroe with a chance to expand in Latin America by combining the best of global and local perspectives.

With a rapidly-maturing procurement sector, Beroe and Procurement Garage can deliver unprecedented levels of efficiency, savings and insight for companies looking to enhance their purchasing strategies.

Leonardo Alexander, Senior Partner at Procurement Garage, adds: "This partnership represents a significant milestone for both Beroe and Procurement Garage.

"By combining our strengths, we are poised to become the leading provider of procurement solutions in the market. Our expanded reach and enhanced capabilities will enable us to serve a wider range of customers and industries in Brazil and Latin America as well."

Together, Beroe and Procurement Garage are well-positioned to make a difference by increasing their customers' margins and improving their procurement capabilities.

A full suite of procurement services

Beroe and Procurement Garage's new initiative will provide companies with comprehensive assistance across major spend areas and prioritise localised service delivery with all solutions available in Spanish and Portuguese.

Their full suite of procurement services harnesses the combined strength of Beroe's data and analytics and Procurement Garage's hands-on expertise, enabling businesses to make more informed, cost-effective procurement decisions.

The two companies view this collaboration as a long-term commitment to empower procurement professionals across Latin America, helping them compete on the global stage with a unique blend of global insights and local acumen.

This adds to the innovations announced earlier this year, with a suite of new features and upgrades to its leading procurement intelligence platform, Beroe Live.ai.

Providing procurement professionals with unprecedented insights and support, the enhancements bring together cutting-edge AI insight and expert human insights.

New features include:

• Innovative enhancements to Beroe's Category Watch and Risk Watch modules and the introduction of Category Health Scores
• Major upgrades to Abi (Beroe's AI assistant), including its human-in-the-loop (HITL) capabilities
• The launch of Category Digest – a groundbreaking AI-generated category podcast providing a new way to catch up on significant developments and market dynamics
• Supplier disruption monitoring, providing real-time insights into global and local events impacting suppliers

"Businesses deserve smarter, more powerful solutions combining reliable, data-driven insights with human expertise," adds Prerna Dhawan, Chief Product Officer at Beroe.

"At Beroe, we believe there's a different way to make procurement decisions and the new features and updates we are announcing reinforce our commitment to empowering procurement professionals to make confident choices every day, helping them to be in the know, always."

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