If you think that this is more likely to be true of an enterprise-like company, think again.
Medium-sized businesses, particularly those with under 3,000 employees, are leading this trend, using an average of 80 to 192 apps. Between 2021 and 2022, they accounted for 34% of new SaaS adoption.
While the above is great news for SaaS adoption, managing a SaaS environment poses challenges for companies. There is a lack of transparency across disparate SaaS apps. Who is sharing files publicly? Which apps are employees using? Without an appropriate level of visibility, IT is blind to risks and businesses may be in harm’s way. Managing SaaS spend, renewals, and shadow IT creates daily headaches for procurement heads, CFOs, CTOs, and IT leaders.
Najar built a product that solves most of these problems today and will be able to solve all of these problems tomorrow. Najar’s mission is to bring efficiency and transparency to the complex value chain of procurement, starting with SaaS spend. Its current modules tackle shadow IT, inventory, contract monitoring, and procurement support, effectively acting as an outsourced procurement function for companies without a dedicated head of procurement. The platform has the capacity to map out a company’s cost structure and spot savings opportunities that others might miss. Najar’s products are designed to fit seamlessly into clients’ existing frameworks, enabling them to build stronger, more adaptable financial structures.
Operating in a rapidly expanding market, Najar has already grown 5x in under a year. Initially focused on France, they’re already attracting international clients, thanks to a globally adaptable platform. Their ambitious product roadmap includes recent releases like a new Intake module, with more innovations on the horizon.
The founders tick all the boxes we are looking for: they are ambitious, driven, visionary and hard-working. Vincent, the CEO and co-founder, started his career at Société Générale and experienced the inefficiencies first-hand at such a large organisation. He then lived through those during his time as the CFO at ReachFive. Killian, co-founder and a former professional athlete, leads commercial operations of the business and has the stamina and grit to deliver the highest level of focus to commercial execution. His team is top calibre making it an easy decision for their customers to rely on them during complex procurement negotiations with 3rd party vendors. The customers trust Najar to navigate these complexities with expert precision.
Najar is poised to capitalize on a thriving addressable market, ready to simplify procurement management for larger organizations. The team possesses relevant expertise and experience to build the leading procurement platform. Najar offers businesses complete visibility into their procurement, helping them avoid risks, optimize spending, and stay compliant before small issues can turn into big problems. Businesses can confidently navigate the complexities of procurement ensuring every decision is visible, precise, and built to last: build stronger, spend smarter.
We look forward to working with Najar and support them on their mission to make procurement transparent and efficient.
