20 Most Promising Procurement Solution Providers - 2016

20 Most Promising Procurement Solution Providers - 2016

The scope of procurement technology is often limited to just finding the best pricing and terms when making any IT purchase. The recent trends such as Cloud computing, IoT, and Big Data are significantly improving supply chain traceability and aiding procurement decisions or managing buyer-supplier relationship.

Industry-best practices and adequate planning is what defines a provider of procurement solutions. The injection of the most recent procurement trends has broadened the scope and reach of this arena. Leveraging technologies such as Big Data and Predictive Analytics, companies are able to predict and plan their procurement needs. The Cloud has allowed organizations to streamline their orders and bring transparency across supply chains. Cyber security is another factor today defining the procurement offerings, as the exposure to security threats continue to escalate. Improvements in spend management and e-Procurement systems are shaping the procurement arena, allowing swift purchasing activities and a better experience. Following an adaptive sourcing approach helps ensure there is adequate room for integrating the current trends, relevant to the procurement arena.

In this edition of CIOReview we present to you the 20 Most Promising Procurement Solution Providers 2016, featuring the best solution and service providers offering tools and services in the procurement landscape. The companies featured in this issue have exhibited extensive business process knowledge combined with innovative strategies. A distinguished panel comprising of CEOs, CIOs, and analysts including CIOReview editorial board have selected the top companies that are at the forefront of tackling challenges in the procurement landscape.

We present to you CIOReview’s 20 Most Promising Procurement Solution Providers 2016.

Company Name

Company Description

AdaptOne Offers designed and customized SaaS solutions for a variety of supply chain problems
Apptricity Corporation Enables clients to expedite ordering from suppliers and manage order fulfillment
Basware [NASDAQ: BAS1V] Provides networked PurchaseToPay, einvoicing and innovative financing services, connecting businesses around the globe
BirchStreet Systems Offers a multi-tenant cloud solution for eProcurement, Accounts Payable Automation, Inventory Control, Recipe Management and Capital Projects for businesses around the world
BravoSolution Offers integrated strategic procurement platform that combines with time-tested practitioner-designed techniques for sustainable cost savings
BROWZ BROWZ delivers assurance that your business is working with safe, qualified, and socially responsible contractors and suppliers
CCP Global Inc Delivering cost reduction and business development strategies by leveraging strategic partnerships, and deploying best-in-class technologies
Choice Energy Services Technology-enabled energy management outsource solution that delivers financial efficiencies related to energy & sustainability
Contraqer Automates the entire procurement process from RFQ generation to packing list, support contract, and returns management
Coupa Software Provides spend management suite that addresses needs that range from procurement to analytics
DCR Workforce A cloud-based VMS providing a unified approach to managing all aspects of services procurement engagement
Ecteon Offering a full cycle, multi-stakeholder, business-critical enterprise Contract Management system
Evalueserve Actionable insights for proactive category management—InsightBee Procurement Intelligence by Evalueserve
Ivalua Offers solution to unlock maximum procurement value through realizing savings and improving control
LinkSource Technologies LinkSource Technologies is “a Telecom and Cyber Security Managed Services Company” that simplifies the complicated procurement processes for businesses of all sizes and industries globally
Maine Pointe Getting the most value out of your procurement systems, processes, people and suppliers
NPI NPI provides vendor-specific pricing, licensing/subscription and negotiation intel to help companies optimize the outcome of every IT sourcing transaction
Procurify Procurify offers cloud based purchasing platform that addresses the needs that range from procurement to payment
Sciquest Provides SaaS-based, source-to-settle solution that delivers unparalleled visibility, insights and recommendations to procurement leaders and suppliers
Tradeshift Provider of supplier collaboration platform connecting buyers, suppliers and all their processes in one global network