ProcureTech100 is the definitive, global 100 pioneering digital procurement solutions.
Here we reveal a little bit about the pioneers in the Finance category.
“The ProcureTech100 are pioneers. Pioneers that are inspiring and driving digital transformation. Pioneers that are customer centric, innovative, high growth and making a social impact. Pioneers that are agile and scalable, with a team dedicated to creating an impact that matters.”
The 2021 ProcureTech100 were selected from over 4,000 digital solutions from across the planet, using enriched data and analysis, combined with the collective experience of over 60 procurement leaders, technology experts and B2B investors. Pioneers were identified across 14 different categories.
The Finance category is defined by heavy automation and rapidly emerging SMB solutions. The finance solution market in general is quite mature with a much higher concentration of “unicorns”. 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.
The 2021 ProcureTech100 Finance pioneering digital procurement solutions are:
Airbase combines spend approvals, physical and virtual cards, bill payments, reporting, and accounting automation.
Founded: 2017 HQ: USA CEO: Thejo Kote
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.
C2FO is a fintech company providing an online B2B marketplace for working capital.
Founded: 2008 HQ: USA CEO: Sandy Kemper
C2FO is working to deliver a future where every company in the world has the capital needed to grow. The C2FO online platform and suite of innovative financial products connects businesses of all sizes with the cash that they need. Founded in 2008, we are now the world’s largest non-bank provider of working capital, serving hundreds of thousands of businesses in more than 180 countries, through our operation centres in the United States, the United Kingdom, India, Australia and China.
The collaboration platform for maximizing the performance of your B2B deals.
Founded: 2000 HQ: USA CEO: Andrew Butt
Enable is the leading collaboration platform for maximizing the performance of your B2B deals while improving financial transparency and driving operational efficiency. With Enable you can model every rebate deal with ease, even the most complex ones. Manage all your deals and rebate calculations on one simple platform. No more relying on Excel.
Boost commercial performance: Data-based collaboration delivers actionable insights for smarter planning and promotes frictionless trading through precise execution.
Increase financial transparency: Take control of your deal management to strengthen and accelerate your financial reporting with auditable results and up-to-date information.
Drive operational efficiency: Work accurately and effectively to activate your deals across your organization, allowing them to achieve their purpose and deliver results.
We eliminate the risk of business payments fraud, reduce cost & ensure compliance by automating payee management.
Founded: 2013 HQ: USA CEO: Thayer Stewart
The PaymentWorks Business Identity Platform eliminates the risk of business payments fraud, reduces cost and ensures compliance by automating complex payee-management processes.
Spendesk generates corporate cards for employees to improve team expenses and payments managing.
Founded: 2016 HQ: France CEO: Rodolphe Ardant
Spendesk generates corporate cards for employees to improve team expenses and payments managing. The Company builds a software that gives CFOs a complete control over their company’s spendings. Its SaaS application provides corporate cards fully integrated into customizable approval and bookkeeping workflows.
Scalable Payables for Today’s Innovative Companies
Founded: 2010 HQ: USA CEO: Chen Amit
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
Corporate travel management & payments platform. Keep travellers safe while driving business travel continuity.
Founded: 2015 HQ: USA CEO: Ariel Cohen
Fast becoming the default for corporate travel and spend management, TripActions is the leading cloud-based T&E platform that combines industry-first technology with best-in-class travel agency service. Trusted by travel managers and finance teams alike at more than 5,000 companies globally, TripActions leverages real-time data to keep traveling employees safe, control costs, and save time.
TripActions‘ investors include such visionaries as Andreeeseen Horowitz, Lightspeed Ventures, GreenOaks Capital, Zeev Ventures, and entrepreneurs Lee Fixel and Elad Gil. In January 2021, TripActions announced its Series E funding of $155M at an upround valuation of $5B to help accelerate future growth plans.