Top 20 Procurement Tech Companies - 2017

As organizations strive to achieve sustainable performance, their expectations from procurement have evolved. Procurement is no longer a standalone function focused on driving down cost, but is anticipated to play a more strategic role in the delivery of broader results. To achieve this goal, enterprises are transforming their procurement operations through holistically evaluating current procurement talent management practices, procurement business processes, performance metrics, and tools– and developing actionable roadmaps to improvement.

The modern strategic sourcing function is further abetted by technological advancements such as big data, cloud technologies, mobility and connected devices that enable procurement professionals to embrace new strategies like shorter supplier contracts and have alternative suppliers ready. The use of digital and automated tools has enabled procurement teams to achieve greater efficiencies allowing them to shift their focus on strategic parts of business such as relationship building and long term planning. In addition, these tools help convert procurement data into intelligence that can be leveraged to make informed decisions faster.

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-2017”.

    Top 20 Procurement Technology Companies

  • 1

    B2B Connex is a web-based portal providing both Supplier Relationship Management (SRM) and Customer Relationship Management (CRM) functions to allow supply chain partners to communicate and collaborate more effectively

  • 2

    Honest Buildings is the collaborative, data-driven technology that empowers smart decision making, ensuring capital and construction projects are on time and on budget

  • 3

    Provides an enterprise suite of Group Purchasing Organization (GPO) software and services, which e-business enable the major business functions of a GPO

  • 4

    PunchOut2Go delivers the most flexible and seamless integrated Punchout Catalog and B2B order automation solutions for suppliers

  • 5

    A global digital business marketplace helping companies discover and collaborate with partners all over the world and enhance their inter-enterprise commerce

  • 6

    Enables enterprises and Telecom Operators to manage their third party telecom expenses, forecasting, consolidation, SLA Credits and M&A planning - from a single platform

  • 7

    Provides automated purchase order platform that simplifies purchasing tasks and supplier collaboration

  • 8

    The company generates high client ROI, accelerates new savings, and takes the pain out of finding hidden value in procurement operations

  • 9

    Takes organizations to the next level of digitalization offering access to the best of today’s technologies: cloud, big data, community and mobility

  • 10

    Xeeva is driving the development and delivery of the next generation of intelligent procurement and financial solutions

  • 11

    Basware

    Basware

    Delivers unique procurement solutions that transform how organization buys goods and services needed to conduct business

  • 12

    BirchStreet Systems

    BirchStreet Systems

    Offers a multi-tenant cloud solution for eProcurement to improve visibility and control over supply chain and back-office operation

  • 13

    BravoSolution

    BravoSolution

    Unlocks the power of procurement to drive financial performance, build procurement organizational excellence, manage risk, and influence innovation

  • 14

    Coupa Software

    Coupa Software

    Provides a suite of cloud applications for procurement and expense management enabling customers to realize significant savings

  • 15

    Determine

    Determine

    Determine provides solutions that include spend analysis, procurement analytics, and supplier information management

  • 16

    Gep

    Gep

    Offers best-in-class procurement strategies and cloud based software configurable to client's requirements

  • 17

    Jaggaer

    Jaggaer

    Jaggaer provides cloud-based procurement automation and supplier enablement solutions

  • 18

    Perfect Commerce

    Perfect Commerce

    Perfect Commerce offers sourcing and procurement solutions to the enterprise and public market sectors

  • 19

    Unimarket

    Unimarket

    Provides integrated platform for e-procurement, with multiple tools for buyers and suppliers alike

  • 20

    Zycus

    Zycus

    Provides Source-to-Pay suite of procurement performance solutions, catering to both strategic and operational aspects of procurement