Cleo Releases 2024 Update to Cleo Integration Cloud with New Procurement Automation Solutions, Increasing Breadth of Supply Chain Orchestration

Ecosystem Integration software company also launches Supplier Relationship Manager, further expanding company’s new line of Ecosystem Relationship Management solutions

Cleo Releases 2024 Update to Cleo Integration Cloud with New Procurement Automation Solutions, Increasing Breadth of Supply Chain Orchestration

Media Contact
Kathleen See
10Fold Communications on behalf of Cleo
cleo@10fold.com

Cleo, the

pioneer and global leader of the Ecosystem Integration software category and provider of the Cleo Integration Cloud (CIC) solution, today announced the latest 2024 update to its cloud-based platform – focusing this release on the procurement side of supply chains.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241203588546/en/

Cleo Integration Cloud 2024: A complete Ecosystem Integration platform solution that delivers supply chain orchestration at scale. (Graphic: Business Wire)

Cleo serves over 4,000 manufacturing, logistics, distribution, and retail companies worldwide. Designed to help these companies create profitable business operations through supply chain integrations and real-time data orchestrations, the latest CIC release builds on all Cleo’s prior platform releases to further address three critical needs facing supply chain-driven businesses today:

• Automate procurement processes.
• Accelerate trading partner onboarding.
• Gain end-to-end visibility and control.

“Our customers have very complex supply chain ecosystems with B2B processes that require more sophisticated orchestration, scalability, automation, and intelligence than what’s historically been available with traditional integration technologies,” said Mahesh Rajasekharan, President and CEO of Cleo. “With the latest CIC release, ecosystem integration reaches new heights thanks to Cleo’s comprehensive approach to connecting, integrating, and managing relationships across our customer’s supply chains. Our focus on orchestrating supply chains – from procurement and ordering to fulfillment and invoicing – gives customers complete end-to-end visibility and control to seamlessly deliver on their commitments.”

New capabilities available in this release of CIC include:

Procurement Automation

Supply chain businesses continue to suffer from the general lack of automation in their procurement operations. Siloed data and antiquated communication channels result in fragmented B2B business processes that hinder productivity, impede compliance, slow revenue velocity, and hurt the customer experience. By enabling companies to connect to their largest suppliers while extending automation to the long tail of smaller suppliers, CIC 2024 helps them streamline procurement operations, optimize productivity, reduce revenue leakage, and positively impact downstream customer expectations.

Accelerated Trading Partner Onboarding

Lengthy trading partner onboarding times result in slower time-to-revenue and dissatisfied trading partners. Swift onboarding is vital because it signifies the time to revenue in doing business with your most important customers. But onboarding impacts all supply chain business processes as it is the first step toward automated business with strategic suppliers and partners in logistics, too. CIC 2024 brings an accelerated, no-code onboarding experience, so companies can now easily and quickly onboard trading partners and begin testing and validating EDI transactions within minutes.

Supplier Relationship Manager

Cleo recently introduced a new class of solutions for Ecosystem Relationship Management. These solutions leverage predictive and real-time supply chain data to ensure on-time fulfillment of business commitments within supply chain operations and interactions. The latest addition, Supplier Relationship Manager, is designed to proactively address unmet supplier commitments, enhance responsiveness, and prevent costly procurement disruptions that can ripple across the supply chain.

Supply Chain Orchestration

Supply chain orchestration focuses on coordinating both the demand side and the supply side of a company’s digital ecosystem by digitalizing critical end-to-end processes from procurement to sales and distribution. CIC 2024 achieves this through Cleo’s comprehensive offering that includes:

• CIC Platform – to support any B2B integration and automate business processes at scale across the supply chain ecosystem.
• Cleo Network – a digital hub to quickly connect into the ecosystem network of retailers, logistics providers, shippers, and suppliers to enable business growth.
• Accelerated Onboarding – a no-code onboarding experience in to rapidly add customers, suppliers, and logistics partners.
• Ecosystem Relationship Management – end-to-end visibility providing proactive real-time intelligence for faster decision-making.
• Flexible Service Models – tailored business models to meet customers’ needs - self-service, fully managed service, or a blend of both – to ensure optimal control with agility.

“Cleo’s ecosystem integration approach to B2B integration has always been focused on helping companies quickly sense and respond when facing supply chain disruptions, “said Shari Lava, Senior Research Director, AI and Automation, with IDC. “Cleo has become one of the disruptors in this space, and now, with the addition of procurement automation and relationship management, they are bringing a comprehensive approach that will help customers achieve next-level end-to-end supply chain orchestration.”

“The more a company’s supply chain maturity increases, the greater its multi-enterprise data orchestration and network-wide collaboration needs increase,” Rajasekharan continued. “Only Cleo provides the complete solution for ecosystem integration that makes this happen. With the latest release of our flagship platform, the ever-expanding Cleo Network with accelerated onboarding for trading partners, and the introduction of Supplier Relationship Manager, companies have an opportunity to deliver never-before seen automation and intelligence to their procurement operations and start to build margin back in the biggest cost center of their businesses.”

For more details about CIC 2024, visit our web site.

About Cleo Integration Cloud

Cleo Integration Cloud (CIC) is a cloud-based integration platform, purpose-built to design, build, operate, and optimize critical ecosystem integration processes. The CIC platform brings end-to-end integration visibility across API, MFT, EDI, and non-EDI integrations, giving technical and business users the confidence to rapidly onboard trading partners, enable integration between applications, and accelerate revenue-generating business processes. On the platform, businesses have the choice of self-service, managed services, or a blended approach – ensuring complete flexibility and control over their B2B integration strategy.

About Cleo

Cleo is an ecosystem integration software company focused on business outcomes, ensuring each customer’s potential is realized by delivering solutions that make it easy to discover and create value through the movement and integration of B2B enterprise data. Cleo gives customers strategic, “outside-in” visibility into the critical end-to-end business flows happening across their ecosystems of partners and customers, marketplaces, and internal cloud and on-premise applications. Our solutions empower teams to drive business agility, accelerate onboarding, facilitate the modernization of key business processes, and capture new revenue streams by reimagining and remastering their digital ecosystem through robust application, B2B, and data integration technologies. For more information, visit www.cleo.com or call +1.815.282.7695.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241203588546/en/