The ProcureTech100 is the definitive 100 pioneering digital procurement solutions.
Portals. Embedding AI and automation. Low code platforms.
Here, we reveal a little bit about the pioneers in the Supplier Management 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 Supplier Management category focus is defined by the customers for each company, whether the focus is commercial, collaboration or contractual.
Suppliers and customers are chasing the network effect as both sides seek to reduce administrative burden through leveraging standardised supplier due diligence, vetted by peers on the network.
There has been an increase in use of portals for management as well as embedding Al & Automation for increased process efficiency and improved supplier experience.
Emergence of low code platforms bring another lens to the build vs buy decision as they enable organisations to meet and adapt to unique requirements and through configuration instead of net new development.
There is also an ever-growing focus on sustainability which also aligns with an increasing interest in Supply Chain traceability. The imminent Supply Chain Act is increasing pressure on organisations in terms of supplier due diligence and reporting.
Supplier management solutions are defining and delivering new value for more mature procurement teams, typically as an integrated information and intelligence hub.
The 2022 ProcureTech100 Supplier Management pioneering digital procurement solutions are:
apexanalytix.com
Founded: 1988 HQ: USA
apexanalytix revolutionized recovery audit with advanced analytics and the introduction of firststrike overpayment and fraud prevention software. Today, apex also leads the world in supplier management innovation with apexportal and smartvm, now the most widely used supplier onboarding and compliant master data management solution in global procure to pay processes. With over 250 clients in the Fortune 500 and Global 2000, apex is dedicated to providing companies and their suppliers with the ultimate supplier management experience. To support our commitment to innovation, we have built a highly experienced team of associates in key markets around the globe. Together we value performance, honor a diversity of perspectives, experiences and cultures, nurture candor, give back to the communities where we live and work, and have fun working together.
getcerta.com
Founded: 2013 HQ: USA
Certa’s no-code platform makes it easy to digitize and manage the lifecycle of all your suppliers, partners, and customers. With automated onboarding, contract lifecycle management, and ESG management, Certa eliminates the procurement bottleneck and allows companies to onboard third-parties 3x faster.
hicx.com
Founded: 2004 HQ: UK
HICX helps the world’s leading companies extract maximum value from their supplier relationships by turning the complexity of supplier management into a strategic advantage. Since launching the HICX platform in 2012, growth has been quick and the technology is now used to manage over 2,000,000 suppliers. HICX primarily works to improve supplier data, contract management and categories as well as increasing innovation, collaboration, alignment and agility. This results in decreased risks, costs, fewer duplications and improved time to action. Our mission is to revolutionise enterprise software, from the complicated, expensive and ugly monster it is to something economical, beautiful, easy to use, simple and powerful – starting first with tackling the management of complex supply chains and supplier relationship data management problems. We create unique and engaging user experiences for our customer’s buyer and supplier community, built on top of an enterprise grade platform, with state-of-the-art workflows, data modelling, search capabilities, real-time analytics, scalable and secure architecture. All of which is fully and easily integrated with internal systems.
kodiakhub.com
Founded: 2015 HQ: Sweden
Kodiak Hub is a Supplier Relationship Management (SRM) Platform powering Performance, Predictability, and Purpose in global supply chains. Kodiak Hub is a No-Code platform that leverages Big Data, Automation & Advanced Analytics Technology to enable procurement and sourcing teams to deliver top-line & stakeholder value, through smart strategic sustainable sourcing.
Kodiak Hub hosts a best-of-breed, modular suite, of SRM solutions that teams can plug n’ play, providing a simple – yet holistic – hub covering the complete scope of the strategic buyer’s journey; efficient management of Supplier Information & intelligence, effective monitoring of Risk and ESG compliance whilst driving Performance, Innovation and Impact. Kodiak Hub’s technology seamlessly integrates into broader S2P and ERP ecosystems, whilst delivering a solution that proves quick time to value and broad stakeholder impact across Procurement, Quality and Sustainability Teams.
The journey toward smart Supplier Relationship Management starts with Kodiak Hub!
sourceday.com
Founded: 2013 HQ: USA
SourceDay’s platform provides a digital interface between a manufacturer’s ERP system and hundreds of suppliers, automatically updating changes to delivery dates, pricing, and quantities throughout the order lifecycle and across the supply chain. Replacing manual processes with software improves our customers’ understanding of the many changes that occur throughout the lifecycle of an order. Procurement teams stop spending their time on fire drills and reacting to expensive surprises. Now they have time to manage suppliers more strategically, proactively addressing pricing and quality issues and ensuring their factories receive the materials they need to meet customer commitments on time.
vizibl.co
Founded: 2012 HQ: UK
Trusted by industry leaders like Vodafone & AstraZeneca, Vizibl is the leading cloud platform that enables organisations to drive 2x more growth over peers through Supplier Collaboration & Innovation (SC&I). With a co-founding team led by Mark Perera (founding CEO of Procurement Leaders) and Alex Short, Vizibl is transforming how companies tap into the power of their suppliers.
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