ProcureTech100 is the definitive, global 100 pioneering digital procurement solutions.
Here we reveal a little bit about the pioneers in the Innovation 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 innovation category are deploying proprietary, cognitive, blockchain and AI solutions connecting supply chains. Integrated platforms aggregate, quality-control and standardize data from disparate sources across the enterprise. Advanced process and data intelligence automation delivers transparency, productivity and impact at scale.
The 2021 ProcureTech100 Innovation pioneering digital procurement solutions are:
Aera is the cognitive technology for the self-driving enterprise.
Founded: 1981 HQ: USA CEO: Frederic Laluyaux
Aera Technology delivers the Cognitive Operating System™ that enables the Self-Driving Enterprise™. Aera understands how businesses work; makes real-time recommendations; predicts outcomes; and acts autonomously.
Using proprietary data crawling, industry models, machine learning and artificial intelligence, Aera is revolutionizing how people relate to data and how organizations function. Headquartered in Mountain View, California, Aera services some of the world’s largest enterprises from its global offices located in San Francisco, Bucharest, Cluj-Napoca, Paris, Munich, London, Pune, and Sydney.
The Single Source of Truth for the Global Supply Chain
Founded: 2018 HQ: USA CEO: Evan Smith
Altana AI enables trusted commerce by providing the single source of truth on the global supply chain. Our AI platform connects and learns from billions of data points to help governments and the private sector build safe, resilient, and sustainable supply chains.
Candex is modernizing how enterprises pay.
Founded: 2016 HQ: USA CEO: Jeremy Lappin
Candex collaboration apps manage payments between companies and their vendors. Blockchain technology benefits are realized with phenomenal ease of use, speed and security. Our solution is trusted by Fortune 500 leaders like Dell, 3M, L’Oréal, and Pfizer. They fulfill all of their control and reporting requirements, while users are able to execute transactions in a chat interface.
With a consistent stream product advances and a fresh round of funding, Candex is growing rapidly by modernizing how organizations pay. We cut out red tape, boost employee management capabilities, and enhance spend visibility for better decision making. Our team is growing, excited to lead in enterprise payment solutions.
Provider of GumboNet™, the massively interconnected industrial smart contract network secured and powered by blockchain.
Founded: 2016 HQ: USA CEO: Andrew Bruce
Data Gumbo is a company that provides a platform for blockchain-based smart contracts to automate a variety of transactions in the oil and gas industry. It enables networks of companies to share data and execute terms of a contract automatically based on that data. Additionally, the company’s integrated platform allows to aggregate, quality-control and standardize data from disparate sources.
Automating repetitive negotiations with AI.
Founded: 2019 HQ: USA CEO: Martin Rand
At Pactum, we have turned the art of negotiation into a science. Negotiation is an incredibly important skill. It makes for successful businesses and for good relationships. But, because it’s incredibly complex, it’s a skill most people aren’t able to master. The problem is most people treat negotiation as a zero-sum game – one in which someone must lose.
At Pactum, we think differently. In fact, we think the best deals get the best for both parties without harming each other – something known as the Pareto optimality. This is a problem for most companies because around 80% of their commercial agreements are high volume and low value – tail spend. And because there are so many suppliers, it’s hard for employees to keep on top of them and impossible to manage these deals effectively and efficiently. It’s why so much value gets left on the table and why so many suppliers go unmanaged.
Pactum changes that. Our AI automates contract negotiations between businesses and their suppliers and solutions providers. It can complete complex negotiations in just a few clicks and find an agreement for both parties in as little as 15 minutes. And because it’s automated you can engage suppliers simultaneously and on a mass scale – freeing your people to get on with strategic work. Welcome to the future of negotiation.
Take Contract Lifecycle Management to the Next Level
Founded: 2012 HQ: USA CEO: Ajay Agrawal
SirionLabs is the leading enterprise SaaS provider for post-signature contract management. The Sirion platform significantly reduces the cost of supplier governance by automating complex procedures across key governance disciplines of contract, performance, financial, relationship, and risk management. Advanced process automation cultivates trust, transparency, and authenticity in sourcing transactions and strengthens buyer-supplier relationships, reduces value leakage, and deepens performance insights.
Xeneta is the world’s largest ocean and air freight rate benchmarking and market analytics platform.
Founded: 2012 HQ: Oslo, Norway CEO: Patrik Berglund
Xeneta is the leading ocean and air freight rate benchmarking and market analytics 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 behavior – reporting live on market average and low/high movements for both short and long-term contracts.
Xeneta‘s data is comprised of over 280 million contracted container and air freight rates and covers over 160,000 global trade routes. Xeneta is a privately held company with headquarters in Oslo, Norway, and regional offices in New York and Hamburg.