Friday 7th February, 2020
Orpheus GmbH, a leading provider of spend analytics technology and a recognised innovator in digital procurement has been acquired by global global management consultancy firm, McKinsey & Company. Founded in Germany in 2005, Orpheus develops software that helps organisations optimise their external expenditure throughout their operations, by analysing purchasing data streams for value-capture opportunities and measuring realised procurement impact.
With this acquisition, McKinsey brings a new offering to clients: Spend Intelligence by McKinsey—a service that will enable spend transparency, spend and cost analytics, and value-capture management. The offering is a powerful combination of Orpheus’ advanced platform technology with McKinsey’s industry expertise and content-rich services in digital procurement.
By infusing best-in-class technology and AI-based analytics with deep supply-market and category-sourcing expertise, and by innovating with service-delivery models including outsourcing, Spend Intelligence by McKinsey helps clients unlock the value hidden in their purchasing data: actionable insights that help capture more impact in procurement, sustainably.