2022 Finance Pioneering Digital Procurement Solutions

2022 ProcureTech100 - The Finance pioneers

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The ProcureTech100 is the definitive 100 pioneering digital procurement solutions. 

Central Spend Tracking. Spend Control. Bulk rebates. Funding. 

Here, we reveal a little bit about the pioneers in the Finance 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 Finance category is defined by heavy automation and rapidly emerging SMB solutions. In general, the finance solution market is quite mature with a much higher concentration of “unicorns” than other categories. In particular, there is exponential growth, and investment in expense management and payment systems. Fantastic UX is fuelling customer acquisition. Point solutions are scaling across categories and industries. Plenty of headcount growth across innovating solutions. 

The 2022 ProcureTech100 Finance pioneering digital procurement solutions are: 
Founded: 2017       HQ: USA

Airbase is the only truly comprehensive spend management platform for small and midsize companies. It brings together accounts payable automation, corporate card programs, and employee expense reimbursements without expecting companies to compromise on functionality for any of these areas. Airbase automates accounting and operational processes for a faster close, and real-time reporting for all non-payroll spend. Finance teams often handle complex payment flows using a combination of siloed software products, spreadsheets, and manual workarounds. Airbase eliminates inefficient workflows and messy tech-stacks. Airbase frees up finance teams and eliminates wasted capital while providing tools for better decision-making and budget control.

Founded: 2016       HQ: UK

Enable helps manufacturers, distributors, and retailers turn rebates into a strategic growth engine. Enable’s easy-to-use, collaborate, scalable rebate management platform lets you take control of your rebates, showing the influence and impact strategic rebate programs have on the company’s growth, returns, and opportunities.

Founded: 2020       HQ: Germany

Monite lets B2B neobanks, SaaS companies, and marketplaces become B2B super-apps. Via Monite API they can embed Invoicing, AP Automation, and Expense Management workflows into their existing interface in 3-5 weeks. The functionality matches or exceeds top vertical software players (e.g. Bill.com), includes financial services upsell (e.g. BNPL, invoice insurance, and more), and comes with cross-market coverage.

Founded: 2016       HQ: USA

Order is a guided B2B marketplace with a mission to simplify buying for businesses. Order makes it easy for businesses to place and track purchases across all their vendors, control spend, and make payments in a single, consolidated bill. Tailored insights and purchasing recommendations fuel smarter spending decisions so businesses can easily save time and money on what they need to grow.

Founded: 2018       HQ: UK

Paid transforms the procure-to-pay process for buyers and their small suppliers, making it easier and faster for them to do business together. The Paid platform leverages the power of automation allowing buyers to onboard small suppliers in as little as 6 minutes, create and manage work with ease, and offer their suppliers transparent, compliant payment options.

Founded: 2021       HQ: Germany

Procuros is building the new standard in B2B transactions connecting companies of all stages. Our mission is to enable innovative businesses to focus on their core mission by integrating and automating all B2B connections and transactions through the Procuros Integration Hub. We enable growth through flow.

Founded: 2019       HQ: Singapore

Tinvio is built around the idea that every merchant and supplier should be able to work smarter together. Through clean design, agile engineering, and genuine support, we unlock capabilities that make them more productive and profitable. The core product is a B2B transactions platform that helps small-medium merchants and suppliers manage orders, invoices, and payments through a chat-led user interface.

Founded: 1994       HQ: USA

Tipalti is the only global payables automation solution to streamline all phases of the AP and payment management workflow in one holistic cloud platform. Tipalti makes it painless for accounts payable departments to manage their entire supplier payments operation. The solution addresses everything from supplier onboarding and vetting, to tax and regulatory compliance, invoice processing, payments to suppliers anywhere in the world in a wide range of payment methods and currencies, supplier payment status communications, to closing the loop with payment reconciliation and reporting.

Innovative companies use Tipalti to eliminate up to 80% of their supplier payment workload, helping them scale their business efficiently with global growth, while strengthening financial and compliance controls and while enhancing the partner payment experience. Companies like GoDaddy, Houzz, Amazon Twitch, and Vimeo and hundreds of others trust Tipalti to elevate their global supplier payments operation

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