Relish stands out with its technology and approach to purpose-driven solutions within the broader procurement ecosystem. Major S2P application providers offer some native solutions for intelligent business process automation and data management, but there is a huge market opportunity to address some of the software gaps with B2B integrations. Relish seized this opportunity and is now an integral part of the technology partner and application ecosystem of Coupa, SAP and Workday.
“We founded Relish with over 20 years of experience selling, implementing, using and consulting on business software. During that time, we saw a pattern of the same critical business challenges that required a significant amount of customization work that was often outside the original scope of work,” He said Ryan Walicki, founder and CEO of Relish. “The need for customized solutions for the majority of business software users was very apparent and our mission with Relish is to help companies maximize their existing IT investments. This partnership with Volition Capital will enable us to achieve our goals for continued sustainable and profitable growth.”
Volition Capital’s investment and partnership will enable Relish’s continued investment in AI capabilities that make business applications simpler and more intuitive. The company will continue to develop solutions that change the way companies manage their procurement systems and processes. Relish will also focus on talent acquisition and is on track to grow the team (currently 60) to 75 by the end of 2024.
“While the dominant spend management platforms play a critical role in enterprise procurement processes, they have reached a tipping point in their ability to address every single need from procurement to payment,” he said. Roger Hurwitz, Voluntary capital. “These large vendors are increasingly leveraging third-party development ecosystems to fill critical gaps, and Relish is well-positioned to lead this space. The leadership team understands the industry’s pain points and has a strong vision for how AI and intelligent process automation can fundamentally transform procurement. “
About Relish
Relish enables companies to maximize the value of their existing business software investments. The company offers solutions that protect against third-party risks, validate supplier data and automate invoicing. Relish’s AI-powered procurement assistant seamlessly integrates with existing systems and uses natural language conversations to provide real-time answers on spend analysis and other key procurement functions. Some of the world’s most famous brands, including Pepsi, PayPal, Foot Locker and Moody’s, use Relish’s solutions. The company was founded in 2020 with its headquarters in Ohio. For more information, visit https://relishiq.com/.
About Volition Capital
Free capital is a Bostona growth capital firm that primarily invests in high-growth, founder-owned companies in the software, Internet and consumer sectors. Founded in 2010, Volition has ended 1.7 billion dollars in assets under management and has invested in more than 40 companies and/or provided sub-advisory advice United States and Canada. The company selectively works with founders to help them realize their highest aspirations for their business. For more information, visit http://www.volitioncapital.com or follow us on Twitter @willing capital.
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SOURCE Relish
