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NEW YORK TIMES Consumer Services Company Raises $23 Million | Slice, which makes an app that helps people manage purchases and organize receipts, is announcing on Friday that it has raised $23 million in a financing round led by the Japanese e-commerce giant Rakuten.
API platforms to manage purchases and payments are starting to become more common.
Meesho's tools include an online platform that allows sellers to manage purchases and process payments, as well as a network of wholesale suppliers (its main categories are currently fashion and lifestyle items) and logistics providers.
Another group using the AUGB centre in Holland Park is Army SOS, whose mission is to "manage purchases of necessary ammunition, shields, intercommunication, and reconnaissance facilities, uniforms, and food supply".
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ACCENTURE, Hamilton, Bermuda, the management and technology consultant, said it had agreed to manage purchasing for Deutsche Bank, Frankfurt.
These days, the folk who manage purchasing are the shock troops of the business-to-business business, and those far-sighted enough to have gained an MBA in supply management from the state universities of Arizona and Michigan, the only two places that award them, are on an Otis ride to the top.
Kinnek, a New York-based marketplace for small businesses to find suppliers and manage purchasing, has just raised $20 million in Series B funding led by Thrive Capital.
By building smart fridges that can track consumption, deliver offers and manage purchasing and replenishment, manufacturers can extract subsidies from companies in order to tap into data and the revenue stream of each consumer, then provide them with a free refrigerator.
If it can do so, the company will be able to start managing its consultancy purchases in the same way as it now manages purchases of PCs.Moreover, quite apart from the gains that come from aggregation and control, there may be savings in the transaction costs of placing orders, especially if the Internet can link the buyer's computer system directly to the vendor's.
There's also a licensing API available, a private area for managing purchases and tech support, sales and traffic reports, and the option to distribute software to other channels, including the Binpress marketplace.
Credit cards are a useful tool for managing purchases, building credit, and reaping rewards point, cash back, or travel points.
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