Beroe Inc, a premium procurement intelligence service provider, opened its new technology hub in the Research Triangle region of Raleigh, North Carolina.

According to company officials, Research conducted at Beroe's technology and innovation hub in Raleigh will focus on automating and optimizing processes for the company's customers while providing them with fresh business opportunities.

Beroe said it leverages its on-demand procurement intelligence platform, Beroe LiVE, to craft content which is more relevant and contextual for the procurement teams.

"Our new innovation hub at the North Carolina State University will further strengthen our tech capabilities to deliver advantage to procurement," said Anand Narayanan, Beroe's Head of Marketing and Human Resources.

"The Research Triangle region offers an enabling environment for innovation, research and a culture of collaboration. The region's resources will help us to create next-gen solutions that will help our customers overcome thorny operational challenges," said Supriyo Mukhopadhyay, Beroe's Head of Technology and U.S. operations.

Besides providing insightful market intelligence to procurement professionals across the globe, Beroe now focusses on creating technology solutions for a number of process inefficiencies that hinders the smooth functioning of purchasing function, leading to, at times, sub-optimal business outcome.

Products developed in Raleigh include Beroe LiVE X, which will offer real-time market information, category intelligence, price forecast, supplier intelligence, supplier compliance and risk ratings, all in a user-friendly dashboard format.