SaaS Platform SupplyNote Acquires Posify Solutions

Business-to-business (B2B) software-as-a-service (SaaS) provider SupplyNote announced on Tuesday that it has acquired Posify Solutions for an undisclosed sum.

According to a release, the deal will enable SupplyNote to retain all of restaurant-focused Posify's current customers and further its objective of quadrupling its client base during the following fiscal year.

SupplyNote is a comprehensive SaaS e-commerce platform that aids in the growth of food businesses. It was founded in 2019 by co-founders Kushang, Abhishek Verma, Nitin Prakash, and Harshit Mittal.

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"At SupplyNote we are excited to have acquired Posify solutions to refine our technology offerings to help our clients generate more revenue and build their business. The F&B industry typically has to endure huge losses due to inventory mismanagement since most outlets still use pen and paper to track and manage their inventory. There is no digital record of consumption, which leads to human errors. SupplyNote as a solution can help businesses cut down their cost of operations while helping them increase their profit margins by reducing losses caused due to mismanagement," said Kushang, co-founder and CEO, SupplyNote.

With a goal of digitising the food and beverage sector, SupplyNote links retailers, service providers, and suppliers so they may manage inventory, place orders, and gain insights into sales performance to grow their businesses.

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About SupplyNote

SupplyNote is a Cloud-based web and mobile-enabled suite connecting outlets, service providers and suppliers.

About Posify Solutions

Founded in 2018 by Saurabh Gupta, Posify is one stop solution for all your billing requirements. They are dedicated to providing you the very best of Posify, with an emphasis on Security, Efficiency, Scalability