Top 20 Procurement Solutions Companies - 2022

According to the global news wire, the procurement industry is expected to reach a staggering $13.9 billion in 2030 from $6.6 billion in 2022, at a CAGR of 9.8 percent. This growth stems from increasing demand from enterprises to streamline procurement processes and the positive impact of the evolution of business process outsourcing (BPO) on procurement outsourcing.

As the procurement industry keeps growing and shifting to a central figure in the value chain, they also feel more pressure to drive multidimensional value, bringing in new challenges, strategies, projects, and ways of working. With these new strategies and ideas, the industry is redesigning itself with digital transformation trends like touchless payments, AI, and more.

One of the benefits of digital transformation is the availability of selfservice portals, improving the user experience and speeding up business processes as dependencies on other people are eliminated. The portals allow organizations to lower costs and improve efficiency by providing personal and effective purchasing experiences, avoiding human errors.

To put the spotlight on such key developments in the industry, CIOReview illustrates how the procurement space is leveraging the amalgamation of various technologies to execute procurement strategies. This edition also features thought leadership articles from subject matter experts. Some of the exclusive insights are authored by Jaime Robles, VP of Procurement and Sourcing at Casey’s; Phil Morgan, Sr. Director, Head of Global Strategic Sourcing and Procurement Operations at Electronic Arts; and Guilda Javaheri, CTO of GSF.

In this edition of CIOReview, we also bring to you the story of the most promising procurement solution providers. In the list, XPROfintech stands out for its cost-effective cloud-based solution for automating the relationship between the buyer and the supplier, from onboarding and verifying suppliers to generating revenue and making payments. We also bring to you the story of Flueed ACQ Global, using cutting-edge proprietary procurement processes, and Green Mountain Technology, bringing innovation and technology to help large companies manage their Parcel and LTL spends. John Alexander Consulting tells the story of designing, procuring, and implementing the ideal telecom solution, and Sysoft Corporation specializes in data-driven analytics for procurement, contract monitoring, and more.

Through the following pages, we aim to shine a light on the innovative trends and latest developments in the procurement industry. We would like to know your thoughts.

    Top Procurement Solutions Companies

  • 1

    Green Mountain Technology has developed a scalable business model to become a strategic and tactical extension of the parcel management resources customers have allocated. Green Mountain Technology works hand-in-hand with their clients every week to take parcel spend management efforts from the macro level to the micro level using their resources

  • 2

    Access Getall (Sysoft Corporation) is an integrated system of solicitation management, and best value procurement, among others.Over a thousand government agencies, corporations, educational institutions, and NGOs have utilized Access Getall powered by Sysoft SaaS (Software-as-a-Service) to save billions of dollars through smart procurement modules.

  • 3

    Bedrock is the world’s leading provider of supplier management and supplier enablement technology that spearheads a new era of optimization that features real-time supplier onboarding, risk and banking verification, revenue recovery, and simplified supplier payments. With a goal to reduce complexity and risk in supplier management, the Bedrock team has developed their flexible, cloud-based solutions that are rooted in speed and transparency

  • 4

    Basware

    Basware

    Basware is a provider of cloud-based solutions with employees located all over the world. As a global company that is proud of its Finnish roots, they develop and deliver automated technologies that make finance and procurement processes simpler and more streamlined for multinational corporations and their industry-specific suppliers

  • 5

    Beeline

    Beeline

    Beeline pioneered the first extended workforce platform in the world. Their  intelligence-driven platform revolutionizes how organizations recruit, manage, and optimize external talent. With a data set encompassing over 30 million workers and over $700 billion in talent expenditures spanning over 20 years, they solve the complexities of managing the contemporary workforce

  • 6

    BirchStreet Systems

    BirchStreet Systems

    BirchStreet Systems was founded in 2002 in Las Vegas, Nevada, and has since expanded to include offices in China, Mexico City, Singapore, India, and the United Kingdom. BirchStreet's hospitality-specific solutions are the result of extensive collaboration and customer relationships

  • 7

    Bonfire

    Bonfire

    The vision of Bonfire is to reinvent procurement in order to better the world. In the public sector, smarter spending means more resources and better services for taxpayers, which is something they can support

  • 8

    Clarify360

    Clarify360

    Clarify360 is a consulting firm for digital enterprises. Their  customers rely on them to convert technology into business advantage. The optimization of workloads for both brand-new and existing footprints is their core competency. They create and source solutions for Managed Cloud/Tools, CyberSecurity, Collaboration, Colocation & Edge, and Connectivity

  • 9

    Contingent

    Contingent

    Contingent is on a mission to fundamentally alter the procurement process by assisting businesses in reducing friction and increasing resilience, as well as empowering procurement teams to make the right decisions and work more closely with the rest of the organization. Contingent's user-friendly and simple-to-implement real-time insights tool integrates seamlessly with an organization's existing procurement workflow and technology ecosystem, and provides the answers the team needs to take action

  • 10

    Coupa Software

    Coupa Software

    Coupa Software is a cloud-based platform for managing business expenditures (BSM). Coupa provides global businesses with the visibility and control they need to spend more prudently and securely

  • 11

    Direct Supply

    Direct Supply

    Direct Supply has been committed to improving the lives of seniors and their caregivers since 1985. Direct Supply serves Senior Care Everywhere by assisting Senior Living and Healthcare providers in the creation of remarkable environments, the improvement of care and outcomes, the optimization of building operations, the simplification of procurement, and more

  • 12

    JAGGAER

    JAGGAER

    JAGGAER is the leading procure-to-pay service provider in the government and higher education sectors. On their scalable, customizable, and user-friendly platform, JAGGAER eProcurement and strategic sourcing clients have access to the best suppliers with the best terms

  • 13

    Magnit

    Magnit

    Magnit is at the forefront of a revolution that makes it faster, simpler, and more scalable to plan, attract, and manage the best and most diverse talent anywhere in the world

  • 14

    Mintec

    Mintec

    Mintec facilitates the implementation of more efficient and sustainable procurement strategies by the world's largest food and manufacturing companies. Mintec Analytics, their cutting-edge SaaS platform, provides market prices and analysis for tens of thousands of commodities, food ingredients, and related materials

  • 15

    PairSoft

    PairSoft

    PairSoft combines three market leaders - PaperSave, WorkPlace, and DocuPeak - to create the most robust procure-to-pay platform for the mid-market and enterprise, with tight integrations to Microsoft Dynamics, Blackbaud, Oracle NetSuite, and Sage Intacct ERPs

  • 16

    Renhead

    Renhead

    Renhead technology is designed to manage your procurement process while bringing  teams together, regardless of their geographical location. Inspiring openness, driving communication, and increasing productivity across any project, department, or enterprise

  • 17

    Terzo Technologies

    Terzo Technologies

    Terzo reveals insights that enable organizations to make smarter decisions and maximize supplier value. Suppliers are more vital than ever, and relationships should be collaborative and digitized

  • 18

    Tropic Technologies

    Tropic Technologies

    Tropic Technologies maintains clear communication regarding its successes and challenges, and it seeks clarity in situations where ambiguity exists. Tropic Technologies provides our employees, customers, and vendors with transparency

  • 19

    Xeeva

    Xeeva

    Xeeva is the industry leader in optimizing indirect spend management solutions. Take advantage of Xeeva's unique combination of AI-powered technology, industry insights, and domain expertise to maximize  procurement efficiency and savings, from delivering unparalleled data quality and completeness to intelligent guided buying for managing complex procurement operations

  • 20

    Zycus

    Zycus

    Zycus is a pioneer in Cognitive Procurement software and has been the partner of choice for the world's largest corporations for the past two decades. Gartner, Forrester, and other analysts have consistently recognized Zycus for its Source to Pay integrated suite