Manchester based Wax Digital, the UK's independent Source to Pay solutions provider, has signed a partner agreement with Exostar, a US-based provider of cloud solutions that promote secure collaboration within and between enterprises.
The agreement allows Exostar to offer global risk-sensitive industries such as aerospace and defence or pharmaceuticals a highly secure Source to Pay system.
Exostar selected Wax Digital following an extended competitive tender process to enhance its existing sourcing and procurement solutions with a highly intuitive and innovative platform, covering the full procurement/Source to Pay lifecycle.
Wax Digital web3 will provide a key component of Exostar's new secure Source to Pay solution offering, specially designed for the needs of organisations with highly sensitive data to protect and regulatory mandates with which to comply, initially targeting sectors including defence, aerospace, life sciences, and healthcare.
Doug Russell, Vice President of Supply Chain Solutions, Exostar, says: "We've recognised that our customers and prospects can gain greater efficiency, manage risk and control spend more effectively if they have a single, secure procurement/Source to Pay solution option that covers the whole procurement lifecycle. Our core markets are increasingly demanding a fully integrated Source to Pay suite and this market shift is validated by analysts such as Gartner. That's why we chose Wax Digital web3 as the Source to Pay technology for our secure solution offering – it's highly intuitive and easy to use, backed by deep innovation through a continuous build and release program, and highly modular to support the changing needs of our customers over time."
Paul Ellis, CEO, Wax Digital, says: "Exostar is a leader in the provision of secure cloud business solutions, and their new secure Source to Pay solution is a game-changer. This is an exciting relationship for Wax which supports two of our prime objectives. Firstly, it's a major step in our international expansion particularly in the US market, so it's great to have been selected over some major US competitors. Secondly it's also a big part of our strategy to increase Wax's presence in specialist markets through high quality alliances."