Richard Donaldson is the VP of Management and Marketing for Requis, a technology company that according to their website “connects buyers and sellers, enabling enterprises to procure, manage, and dispose of assets with greater visibility, simplicity and capital efficiency.” Richard joins us on the Payment Innovations podcast to share his insights for how the future of enterprises are changing, all because of the way that their company is changing asset management.
There is a very large gap of technology solutions of the enterprise supply chain, which Requis is working on filling.
Of the global 2,000 enterprises (as measured by Forbes) those companies represent more than $12 Trillion of procurement per year. Their massive amount of buying and selling each year adds up to over $20 Trillion per annum--which is the same size as the entire US economy based on GDP. That’s twice as big as the consumer economy!
In order to keep all of this working like clockwork, Requis has four main pillars which are the keys to their success. They are:
Requis has four main pillars
Never before have all four coexisted within one company that was built to be cohesive.