2022 Innovation Pioneering Digital Procurement Solutions

2022 ProcureTech100 - The Innovation pioneers

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The ProcureTech100 is the definitive 100 pioneering digital procurement solutions. 

Cognitive. AI. Quality-control. Advanced intelligence. 

Here, we reveal a little bit about the pioneers in the Innovation 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 Innovation category is deploying proprietary, cognitive, blockchain and Al solutions connecting supply chains. Integrated platforms aggregate, quality-control and standardise data from disparate sources across the enterprise. Advanced process and data intelligence automation delivers transparency, productivity and impact at scale. 

The 2022 ProcureTech100 Innovation pioneering digital procurement solutions are: 
Founded: 2016       HQ: USA

Candex is the fintech consolidator for large organizations to make purchases from one-time, irregular and low value suppliers using their existing P2P process. Candex operates globally managing setup, support, tax and regulatory complexity – making it simple, fast, and compliant to pay suppliers even across borders and cross currencies. Available in multiple deliveries, Candex works directly within existing e-procurement systems, via bulk uploads, or integrated into any workflow via API. In the end – Candex completely takes care of the 70-80% of vendors getting 3-5% of spend; “No PO, No Pay” becomes achievable; and the efficiency is so remarkable that our clients enter a sort of procurement zen.

Founded: 2000       HQ: Italy

Creactives provides solutions for Procurement and Supply Chain digitization. MMD Cleansing and Governance, Spending Categorization, Real-time Data Assistants, powered by our AI engine, provide a unique combination of Deep Learning, Knowledge Engineering and Crowd Learning that makes possible easy and full AI customization on customer’s data.

Founded: 2014       HQ: USA

Farmer’s Business Network, Inc. is an independent agricultural tech and commerce platform and farmer-to-farmer network that helps its members make confident decisions to ensure the economic viability of their farms and work toward a sustainable future. FBN is an advocate for family farmers and ranchers, and does whatever it takes to help farmers become more prosperous – whether it’s through data science-driven agronomic insights about their fields, providing farm inputs through its e-commerce store, helping farmers sell their crop more intelligently and independently, or providing them with health or crop insurance. FBN arms farmers with the tools they need to make the best decisions for their business, their families and the planet.

Founded: 2018       HQ: USA

Graphite Connect makes it simple and secure for buyers and sellers to connect and conduct business — saving suppliers from endless and redundant onboarding surveys and buyers from managing inaccurate vendor master data.

Founded: 2020       HQ: USA

ORO makes procurement incredibly easy and efficient for employees. Guide employees through the maze of procurement and say goodbye to manual processes with ORO’s smart procurement workflows. Your employees can raise requests independently, and get automated status updates with ease. For your internal stakeholders, ORO orchestrates the information present across teams, systems, and processes in a contextual manner — leading to complete visibility in working with suppliers, and better spend decisions. Founded by former SAP Ariba Product Leaders, ORO is used by various Fortune 500 & fast growing global companies to automate processes, orchestrate cross-team collaboration, and scale procurement operations.

Founded: 2018       HQ: Netherlands

Reynen Court enables law firms and corporate legal departments to speed their adoption of AI and other new technologies. Our platform combines a solution store for legal technology with a powerful control panel that makes it easy to adopt and manage modern cloud-based software applications without having to trust firm or client content to the rapidly growing universe of vertically integrated SaaS providers. The platform also lets firms manage subscriptions and provisioning from one place and provides valuable telemetry and enhanced interoperability between and among third-party applications.

Founded: 2017       HQ: Germany

Our platform semantha® provides flexible web services that you can use out-of-the-box for semantic processing of text documents and data extractions. Depending on the application, these services can be combined as desired. In many cases, one of our applications is already sufficient – for example, for a hotspot analysis or a direct comparison of documents. Furthermore, we make all analyses available via a standardized REST interface. With it, semantha® can be optimally used for your application and integrated into your process and IT landscape.

Founded: 2013       HQ: USA

Xometry is the leading AI-enabled marketplace for on-demand manufacturing, transforming one of the largest industries in the world. With its proprietary technology, Xometry creates a marketplace that enables designers and engineers to rapidly source high-quality on-demand manufactured parts and assemblies. Xometry’s innovative platform also empowers sellers of manufacturing services across the nation to grow their businesses. Xometry’s buyers range from self-funded startups to Fortune 100 companies.

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