20 Most Promising Procurement Solution Providers - 2018

20 Most Promising Procurement Solution Providers - 2018

Procurement defines the art of obtaining products and services in any company and has steadily become a strategic contributor to enterprise growth and performance. Procurement teams can fast-track capital projects, obtain greater savings, and contribute towards successful outcomes for the entire value chain.

With technology changing at a rapid pace, procurement solutions need to keep updating continuously by implementing industry-best practices. By leveraging technologies such as AI, Big Data, and Predictive analytics, companies are able to predict and plan their procurement needs to accelerate their success. Diverse market verticals and sectors are employing cognitive procurement that leverages blockchain, machine-learning, cloud computing, and the internet of things to overhaul every aspect of supply-side economics. Cybersecurity is another factor being emphasized in the procurement offerings, as the exposure to security threats continue to escalate due to the rapid proliferation of data and connected endpoints. Nearshoring, a fairly new trend in the procurement landscape is predicted to help reduce shipping costs, trade barriers, simplify auditing and compliance and mitigate risk across various market vertical.

It is critical for enterprises to understand the role of procurement teams in executing capital projects. In order to assist CIOs in identifying the right procurement solution for their business, CIOReview presents “20 Most Promising Procurement Solution Providers.” This edition features the best solution and service providers offering tools and services in the procurement landscape. A distinguished panel comprising CEOs, CIOs, VCs, analysts, and the CIOReview’s editorial board reviewed the top companies in the procurement solutions domain and shortlisted the ones that are at the forefront of tackling industry challenges.

We present to you “20 Most Promising Procurement Solution Providers - 2018”.

Company Name

Company Description

Basware Provides purchase to pay solutions and financing services with simple e-invoicing
Beeline Provider of solutions for sourcing and managing the complex world of contingent labor
Bristlecone Enables robust, reliable, and transparent supply chains
BROWZ Supply chain management expert that identifies risks in the supply chain
Clarify360 Provides concierge-style consultancy and sourcing services related to connectivity, cloud, collaboration, and mobile across the enterprise landscape
CureMint Provides a cost-effective and intuitive procurement platform that is the first all-in-one marketplace and spend management software designed specifically for the dental industry
GEP Worldwide Assists global enterprises to operate efficiently by helping them reach their strategic, financial, and operational objectives
Icertis Helps companies to transform their commercial foundation ensuring compliance, improving governance, mitigating risk and enhancing user productivity
Ivalua Provides digital procurement solutions with DIY configurations and its specialised Source-to-Pay suite
Noosh Noosh provides a marketing services collaboration platform that makes delivering marketing materials fast, easy, and more professional
NPI Helps companies get the best deal on every IT purchase and navigate software license audits
Proxima Independent procurement consulting firm that aligns deep functional expertise to client needs, when and where they need them most. Experts at analyzing spend and maximizing procurement’s contribution to meet organizational goals and improve business performance
Qmerit Provides cloud-based supply chain solutions that transforms the way labor and materials are procured
Refteck Solutions Procurement and Supply chain Management Company to organizations in the process-industry sector
SAP Ariba Helps companies reduce risk and control cost with e-procurement software and procure-to-order solutions
Source One Provides procurement and supply chain solutions to help organizations with sourcing services and sophisticated procurement processes
Supplier Solutions Delivers best-of-breed PunchOut solutions that control costs, save time, and minimize frustration
Vendorful Provider of solutions that help organizations to expedite their sourcing and procurement process
Xeeva Global provider of intelligent procurement and sourcing software powered by AI to simplify the source-to-settle process
Zycus Provider of complete source-to-pay solutions for procurement requirements of organizations for both strategic and operational parts of procurement