ProcureTech100 is the definitive, global 100 pioneering digital procurement solutions.
Here we reveal a little bit about the pioneers in the Sourcing & Cost Management 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 Sourcing & Cost Management category is defined by super intelligent and augmented sourcing with deep capabilities. The very best sourcing and cost management solutions act as a cornerstone for sustainable procurement. The leading solutions often have a strong app and microservice economy often powered by third party or partnered integrations.
The 2021 ProcureTech100 Sourcing & Cost Management pioneering digital procurement solutions are:
Take control of your legal spend with AI-powered software that’s easy to use and backed by proactive customer support.
Founded: 2014 HQ: USA CEO: Ian Nolan
Brightflag enables organizations to take control of their legal spend with AI-powered software that’s easy to use and backed by proactive customer support.
Brightflag processes billions of dollars of legal spend annually on behalf of its customers, resulting in hundreds of millions of dollars in savings and tens of thousands of hours in avoided administrative work. Founded in 2014, Brightflag serves a global community of in-house teams and their vendors from Dublin, New York, and Sydney.
Source smarter, not harder.
Founded: 2017 HQ: USA CEO: Kevin Frechette
Fairmarkit is the intelligent sourcing platform that empowers organizations to more efficiently purchase the goods and services they need. By equipping procurement and supply-chain teams with automation and data, Fairmarkit promotes competitive bidding while reducing manual work within existing processes. Leveraged by innovative procurement departments across a number of industries, such as Univision, ServiceNow, and the MBTA, Fairmarkit aims to revolutionize the way organizations make purchases.
Changing the world one idea at a time with Open Innovation & Idea Management.
Founded: 2000 HQ: USA CEO: Simon Hill
InnoCentive is the global pioneer in crowdsourced innovation. We help innovation-driven organizations solve their critical business, scientific and technical problems by crowdsourcing ideas and solutions, either from our global network of highly educated problem solvers or from their own internal networks. Through InnoCentive, organizations can augment their organization with a vast on-demand workforce, share risk, discover diverse perspectives and make unexpected partnerships.
We offer our proven Challenge Driven Innovation methodology, unrivalled network of over 380,000 problem solvers and purpose-built technology, as well as accompanying training and program management services. To date, InnoCentive have conducted over 2,000 external Challenges for organizations including NASA, DARPA, Thomson Reuters, AstraZeneca, GSK, Anheuser-Busch InBev, and Ford Motors.
AI-enabled Sourcing Automation & Optimization Software for enterprise procurement teams.
Founded: 2012 HQ: Ireland CEO: Alan Holland
Keelvar is a best-in-class provider of solutions for global procurement organizations, with modern sourcing optimization and AI-powered automation software to drive savings and reduce business risks. Our solutions transform the speed and quality of supplier negotiations, allowing sourcing professionals to shift their attention from mundane tasks to innovation management and strengthening relationships.
Keelvar emerged from a leading Artificial Intelligence research laboratory and is the category leader in best practice technology for advanced eSourcing. We proudly serve customers such as Siemens, BMW, Coca-Cola and Novartis.
Tomorrow’s Knowledge Now.
Founded: 2013 HQ: USA CEO: Rajesh Kalidindi
LevaData is an artificial intelligence company that powers the smartest supply chains in the world. Their Cognitive Supply Management platform analyzes procurement objectives alongside real-time market activity to generate predictions and customized recommendations.
The AI-powered system is on a constant search for opportunities to reduce costs and mitigate risk, with built-in tools for quick collaboration and decisive action. Customers include leaders in the top global supply chain organizations, as well as medium-sized OEMs seeking to achieve best-in-class direct materials sourcing practices.
Smarter Supplier Discovery
Founded: 2015 HQ: Germany CEO: Gregor Stühler
scoutbee is an AI-driven supplier insights and discovery platform that helps companies to find and connect with suppliers from all over the world. With scouting insights from the best up-to-date, verified market data, buyers can make smarter decisions, faster.
Powered by AI, scoutbee equips teams to run end-to-end sourcing projects in an accelerated time frame: from discovery and identification, through RFI assessment to cross-team collaboration, RFP – all in one place. scoutbee has an unrivalled capability for delivering valuable scouting insights needed to drive decisions for supplier discovery and category management. scoutbee can identify up to 180 times more suppliers, 75% faster.
scoutbee tracks millions of data points to bring together insights and a simple, digital process for strategic sourcing. Superior supply market visibility allows organizations to make strategic gains in areas such as resilience, sustainability, cost, innovation and quality. Large multinationals such as Audi, Siemens, Unilever and Bosch use scoutbee‘s capabilities for their strategic procurement. While not limited to any business verticals, the majority of scoutbee‘s 150+ customers come from the Automotive, Machinery, Agriculture, FMCG, Energy, Pharma & Chemicals space.
Industry-leading SaaS Management Platform. Zylo empowers innovative technology leaders of cloud-forward enterprises.
Founded: 2016 HQ: USA CEO: Eric Christopher
Zylo is a company that provides a SaaS optimization platform which transforms how companies manage and optimize the vast number of cloud-based applications in organizations. The platform provides an online command center for all cloud-based software used across a company, giving an organization visibility into what software is used, how much is spent and how to optimize their cloud software investments.