Weis Markets to Gain Negotiation and Procurement Expertise Through PAAS Partnership
PITTSBURGH, May 5, 2021 – PAAS, the global leader in spend analytics, will partner with Weis Markets as an extension of the Weis Markets team to provide negotiation expertise and technology spend management.
Based in Sunbury, Pennsylvania, Weis is a mid-Atlantic food retailer operating 197 stores in seven states. PAAS will leverage their procurement expertise, spend analytics platforms, and robust supplier network to ensure immediate, sustainable value for Weis Markets.
“PAAS will enhance our negotiation and technology spend management capabilities, which will ultimately benefit our customers in terms of in-stock conditions, quality, and value” said Greg Zeh, Senior Vice President, Chief Information Officer at Weis Markets. “Their benchmark data and analytics platforms will help support our negotiation strategies and identify continuous savings opportunities and optimization.”
Through a subscription-based partnership, PAAS compares proposals with relevant data in PAAS Forensics, their proprietary spend analytics platform, then leverages the team’s negotiation expertise and executive-level supplier network to secure the best pricing and contracts. Partners also gain access to PAAS360, a client-facing, AI SaaS platform, which enables teams to track savings goals in real time, manage procurement projects, and access unprecedented, categorized visibility of their overall technology spend, enabling more accurate forecasting and analysis.
“Our teams share a mutual trust that allows us to pursue savings opportunities more quickly and accelerate the procurement life cycle,” said Russ Ross, Chief Strategy Officer at PAAS. “We are committed to equipping the Weis Markets team with relevant data and tools, and collaborating to drive guaranteed savings on technology spend.”
PAAS will focus on negotiating optimal pricing, as well as ideal business and legal terms, on technology contracts for Weis Markets, ultimately delivering overall savings, increased operational efficiencies, and risk mitigation. PAAS guarantees a minimum 5x savings on client investments, and typically delivers more than 15-30% savings on technology contracts.
About Weis Markets
Founded in 1912, Weis Markets, Inc. is a mid-Atlantic food retailer operating 197 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia, and Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/WeisMarkets.
PAAS the global leader in technology spend analytics, creating platform and service solutions that equip organizations of all sizes with methods for aggregating, categorizing, and analyzing data, and strategies to help them achieve optimal savings on overall technology spend. Their team of negotiation experts combine relevant data from PAAS360, their proprietary spend analytics platform, with executive-level technology supplier relationships to accelerate the procurement lifecycle, mitigate risks, improve operational efficiencies, and deliver optimal pricing and terms for clients.
The differentiated data-driven insights generated by PAAS360 help organizations of all sizes and verticals reduce their technology costs by 15-30%. PAAS has negotiated more than $25 billion in technology agreements, accelerating companies’ digital transformation with PAAS while benefiting from a guaranteed 5x in savings.