The ProcureTech100 is the definitive 100 pioneering digital procurement solutions.
Advanced analytics. Data Management. Intelligence. Visualisation.
Here, we reveal a little bit about the pioneers in the Analytics, Data & Intelligence category.
“The pace of digital innovation and ability for digital procurement solutions to scale over the last year has been impressive. Exceptional CEOs and Founding teams are inspiring a generational change to the digital procurement ecosystem solving global challenges.”
Lance Younger, Founder & CEO, ProcureTech
The 2022 ProcureTech100 were selected from over 4,000+ digital solutions from across the planet, using enriched data and analysis, combined with the collective experience of more than 60 procurement leaders, technology experts and B2B investors. Pioneers have been identified across 14 different categories.
The Analytics, Data and Intelligence category is defined by strong growth in the utilisation of automation to enhance the insights that the analytics can provide.
There has been a push by leading organisations to improve the user experience through enhanced user interfaces, making complex usage a thing of the past. Pioneering organisations are extending their data & analytics capabilities to focus on decision intelligence and decision modelling that enable more accurate fact-based decisions.
Increasing integration of digital solutions across all of procurement has enabled the creation of a single data layer for procurement including cross functional inputs, sometimes centralised by a single analytics platform.
Organisationally, procurement analytics and intelligence has progressed beyond a competency, to being a core business function especially for larger organisations.
The 2022 ProcureTech100 Analytics, Data & Intelligence pioneering digital procurement solutions are:
Founded: 2018 HQ: USA
Altana Technologies transforms the world’s public and non-public data into an intelligent, shared model of the global supply chain. Enterprises, governments, and logistics providers connect to Altana’s Trusted Network Platform to illuminate, collaborate, and build trust across their global business networks. Through Altana, organizations across the public and private sectors are building a more resilient, secure, inclusive, and sustainable globalization.
Founded: 2002 HQ: USA
Beroe is the world’s leading provider of procurement intelligence and supplier compliance solutions. We provide critical market information and analysis that enables companies to make smart sourcing decisions—leading to lower costs, greater profits, and reduced risk. Beroe has been providing these services for more than 13 years and currently works with more than 10,000 companies worldwide, including 400 of the Fortune 500 companies.
Founded: 2014 HQ: USA
Craft is on a mission to create a more resilient global supply chain by creating the leading supplier intelligence platform that helps supply chain and procurement professionals discover, evaluate, and monitor suppliers. Our clients include Fortune 100 companies, government entities, and top military agencies.
Founded: 2017 HQ: UK
Forestreet has built a SaaS Market and Vendor Discovery platform that uses AI to identify EVERY company within any market, broken down to product feature level. Their analytics are used globally by three of the ‘Big Four’ consultancies, major corporates and PE funds.
Founded: 2017 HQ: UK
We help industry leaders solve the world’s biggest challenges, together.
Founded: 2015 HQ: Germany
ScoutBee’s AI-powered supplier discovery suite helps procurement leaders gain deep supplier insights to make more confident buying decisions. Founded in Germany by procurement experts, scoutbee’s customers include companies such as Audi, Siemens, Airbus, Bosch Rexroth, Heidelberg and SEW Eurodrive. scoutbee has sites in Germany and the United States of America.
Founded: 2003 HQ: Finland
Sievo turns procurement data into dollars. As the global leader in procurement analytics, Sievo combines best-of-breed spend management software, world-class services and value-added content. Sievo’s SaaS procurement analytics solutions include: Spend Analysis, Savings Lifecycle, Spend Forecasting and Contract Management. Sievo specialises in transforming heterogeneous procurement data from any source to business value that hits the bottom line. Sievo’s proprietary data extraction, classification and enrichment software provide total spend visibility for some of the world’s largest and most complex procurement organizations. Sievo empowers procurement to move beyond spend tracking with uniquely forward-looking solutions for realized savings management, contract lifecycle management and profitability forecasting. Recognized as a Spend Matters’ Procurement Vendor to know in 2017, Sievo serves a diverse global client base including Carlsberg, Deutsche Telekom and ISS World Services. Sievo is also recognized by the Great Place to Work Institute as one of the best workplaces in Finland and the most improved Great Place to Work in Finland 2017.
Founded: 2013 HQ: UK
Signal AI, the External Intelligence company, helps businesses make sense of the outside world. Using the Signal AI External Intelligence platform for Decision Augmentation, organizations can spot critical signals in the external noise, allowing them to get ahead of risk and opportunity, and make confident decisions. Powered by Signal AI’s External Intelligence Graph, the platform crunches huge amounts of information from the world’s content, and provides timely insight on trends, patterns and unknown unknowns to augment critical business decisions.
Founded: 2012 HQ: Norway
Xeneta is the leading ocean freight rate benchmarking and market intelligence platform transforming the shipping and logistics industry. Xeneta’s powerful reporting and analytics platform provides liner-shipping stakeholders the data they need to understand current and historical market behaviour – reporting live on market average and low/high movements for both short and long-term contracts. Xeneta’s data is comprised of over 300 million contracted container rates and covers over 160,000 global trade routes.