Frequently Asked Questions

ProcureTech is a new platform designed to amplify and accelerate digital procurement. It has been created to support buyers and vendors in navigating the rapidly evolving procurement ecosystem and enable them together to quickly source and build intelligent, flexible, digital procurement solutions.

Solving the most pressing social, environmental and economic challenges requires new thinking and a new platform for procurement leaders, entrepreneurs and the digital procurement ecosystem.  The ProcureTech platform is home to the ProcureTech100, ProcureTechSOURCE and ProcureTechEXPERTS.

1.  ProcureTech100

The ProcureTech100 is the definitive, global 100 pioneering digital procurement solutions. Created to identify the most innovative and future focused technology, data and analytics companies on the planet; ProcureTech100 champions the solutions that are radically increasing procurement’s impact. ProcureTech100 is being run in association with Kearney, involving over 60 industry leaders and 100s of customer reviews.

2.  ProcureTechSOURCE

ProcureTechSOURCE will be the ultimate marketplace for all digital procurement solutions. With over 4,000 technology, data and analytic solutions, this intelligent marketplace will facilitate faster, smarter matching of buyers and vendors.

Validated reviews and sophisticated search capability enables buyers to search, source, compare and connect with the best digital procurement solutions for their business needs.

ProcureTechSOURCE will be launching Q4 2021.

3.  ProcureTechEXPERTS

ProcureTechEXPERTS is a dynamic network of digital procurement experts deploying integrated and agile approaches.  Contact us to find out more.

A ProcureTech profile has already been created for your company. Initially your profile will be analysed and then reviewed by ProcureTech100 panellists to assess the solutions shortlisted for ProcureTech100. Your profile will also be on ProcureTechSOURCE, where it will be viewed by buyers to compare, source and select digital procurement solutions.

There is, if you have any technical questions please send a message to: support@procuretech.co

Please explore our website more or contact the ProcureTech team here.

ProcureTech100 is the definitive, global 100 pioneering digital procurement solutions.

At a time when innovative digital procurement solutions are driving real change and business impact, ProcureTech100 will identify the most forward thinking and customer focused technology, data and analytics procurement solutions on the planet.

 1.  Research ProcureTech Ecosystem

We have already researched the digital procurement ecosystem and identified over 4,000 solutions to be considered for the ProcureTech100.  This ecosystem is dynamic and we will continue to update ProcureTech as it changes.

2.  Create ProcureTech100 Shortlist

From the ProcureTech database we will then apply statistical analysis of over 40 key data points including growth, security, customer, financial and employee data to create the shortlist.

3.  Identify the ProcureTech100

Panellists will review and rank the shortlist, and the panellist’s review will be integrated with the shortlisting data points to create the ProcureTech100.

4.  Announce the ProcureTech100

The ProcureTech100 will be shared with companies and media, and announced at the PIONEERS virtual summit.

The ProcureTech100 will be formed from quantitative and qualitative data sets which will be analysed and assessed to identify the leading digital procurement solutions across 14 categories.

We have created initial ProcureTech profiles for over 4,000 digital procurement solutions, using key database intelligence and information from public sources empowered by Craft and Security Scorecard.

Every profile has been automatically entered into the ProcureTech100 selection process. Click here to find your profile. Vendors will be selected for the ProcureTech100 on the basis of an algorithm that considers customer feedback, vendor profile information, vendor growth trajectory, ProcureTech panellist feedback and several other factors.

If a profile has not already been created for you, email us at hello@procuretech.co and we’ll sort that out.

The first thing to do is sign up on ProcureTech.co. From there you can claim then edit your profile, enhance your company information and add links to marketing collateral. The more information you provide, the more fully buyers and the ProcureTech100 panellists will be able to understand your company and solutions.

As customer reviews are a key part of the process, we strongly recommend you proactively encourage your customers to complete a review of your solution on ProcureTech.

The panellist assessment process starts at the end of August 2021 so it would be best to enhance your profile before then.

You can either ask customers to complete reviews directly from your profile – click here to find your profile, or customers can complete reviews independently by going to ProcureTech.co directly. Users will be asked to create an account with their personal detail to ensure we have genuine reviews from people and organisations that are using your solution. To incentivise your reviewers we are planting 10 trees for each review so you can make a positive environmental impact by encouraging feedback.

No, there is no charge to participate in the ProcureTech100.

The ProcureTech100 panellists will be able to see your profile from September 2021.

From October onwards your profile will also be on ProcureTechSOURCE, where it will be viewed by buyers looking to find out more about digital procurement solutions, compare and source solutions.

Our categories are designed to cover the full spectrum of digital procurement.

Categories
1.     Analytic, Intelligence & Process
2.     Sourcing & Cost Management
3.     Contract & Legal
4.     Supplier Management
5.     Risk Management
6.     Finance
7.     Source to Pay
8.     B2B Marketplace
9.     Supply Chain
10.   Procurement Performance
Cross-capability categories
11.   Fastest Growth
12.   Innovation
13.   Social Impact
14.   Customer Satisfaction

When you edit your profile, you have the option to indicate which capabilities your solution supports, and this will ensure that you are considered for multiple categories. We also have four cross-capability categories, so it’s possible you may end up in multiple categories.

June-Aug

Vendors are encouraged to claim and update their profiles and add customer reviews.  Users of digital procurement solutions are encouraged to complete customer reviews.

27 August

Final date for Vendors to edit or add to profiles for consideration in the ProcureTech100 process.  Changes after this date will still feed into ProcureTechSOURCE.

September 

Smart analysis of the proprietary and public data, customer reviews in conjunction with the vendor profiles to create short-listed digital procurement solutions. Independent panels will review the short-listed digital providers in each category.

30 September 

The ProcureTech100 will be announced live at a virtual event.

October onwards   

The ProcureTech100 will be shared across multiple media channel including a digital brochure.

Our independent selection panel is made up of over 60 high profile experts including CPOs, CIOs, Venture Capitalists and analysts – all passionate about digital procurement. These include procurement and technology leaders from global organisations including BT Sourced, Teva, Time Warner, The World Bank, Dyson, Nestlé,  Vodafone, Castrol, Sainsburys, MTN and Uber. We also have a number of venture capitalists who specialize in procurement/B2B/enterprise software that include Notion Capital, Maersk Growth, Accel-KKR and Paua Ventures. To view and connect with all of our panellists visit procuretech.co/procuretech100new

The ProcureTech100 is being run in association with Kearney who are providing independent digital procurement advice. Craft and SecurityScorecard are providing unique, proprietary data points to empower the ProcureTech100 process.

At a live virtual event on Thursday 30th September 2021 which is open for all to attend – look out for details on our social channels.

Being named as one of the ProcureTech100 will position your solution amongst the 100 pioneering procurement technology, data and analytics solutions on the planet.

  • It will distinguish your solution amongst the many other providers in the marketplace.
  • Create awareness of your solution amongst the 1,000s of buyers who are actively looking for intelligent, flexible solutions to enhance their procurement function.
  • Ensure visibility amongst the wider procurement community including media and investors.
  • Support and enhance your marketing, both on our platform and through your own channels, by attaching the ProcureTech100 award to your solution.
  • Gain recognition for your team and inspire other digital procurement leaders.

No. All vendors have an equal opportunity to participate in the ProcureTech100.

It’s an annual process.

Email us at hello@procuretech.co and we’ll get back to you as soon as we can.

Basic profiles for organisations have been made up of information in the public domain. We encourage vendors to add to their profiles to ensure a) they present a profile to the marketplace b) to present data to be involved in ProcureTech 100. We cannot force vendors to complete their profiles but want to represent all vendors in the marketplace to potential buyers.

Please explore our website more or contact the ProcureTech team here.

ProcureTechSOURCE will be the ultimate marketplace for all digital procurement solutions. With over 4,000 technology, data and analytic solutions, this intelligent marketplace will facilitate faster, smarter matching of buyers and vendors.

Validated reviews and sophisticated search capability enables buyers to search, source, compare and connect with the best digital procurement solutions for their business needs.

ProcureTechSOURCE will be launching Q4 2021.

All digital procurement solutions can participate on the platform, we already have over 4,000 companies involved.  Check if your company is already on ProcureTech, if not its quick to get you registered.

Once you are registered, you are automatically included for consideration in the ProcureTech100, you can update and manage your profile, gather customer reviews and more.  When ProcureTechSOURCE goes live, buyers will be able to find you on the platform when there is a match to their search requirements.

There are opportunities for vendors to increase their profile and buyer engagement by sharing case studies, white papers, reports and adding more team members to the platform.  To find out more about the different subscription levels just register as a vendor here.

When ProcureTechSOURCE goes live buyers will be able to use the platform to search, source, compare and connect with the best digital procurement solutions for their business needs.  Buyers can already access resources and complete customer reviews.

Please explore our website more or contact the ProcureTech team here.

ProcureTechEXPERTS is a dynamic network of digital procurement experts deploying integrated and agile approaches with clients and digital procurement solution providers.

If you are looking for expertise to accelerate your digital procurement journey, please contact the ProcureTech team here.

We are growing the network of ProcureTechEXPERTS and it would be great to hear from you if you have specific experience in build digital procurement solutions for clients.

Please explore our website more or contact the ProcureTech team here.