Spend Matters Almanac: Future 5 for 2019

Spend Matters is pleased to introduce the inaugural Future 5 nominees

Spend Matters Almanac Future 5 logoThe procurement technology market rapidly evolves. In addition to the 50 Providers to Know and 50 Providers to Watch lists Spend Matters releases each spring, we’re introducing the Future 5 list to be published half-way through the calendar year.

The Future 5 list highlights exciting procurement technology start-up vendors we want to bring to your attention, too new to have made it onto this year’s Watch list. Vendors listed are independently selected by the analyst team over multiple rounds of debate meeting the following criteria - the vendor:

  • Is less than 5 years old and has been in the market for less than 2 years (official product launch)
  • Has 5 or more customers
  • Makes interesting/innovative use of technology
  • Shows promising signs of staying power (sustainability, i.e. through obtained funding, new niche)

Future 5 Selection 2019

Bid Ops Inc
345 California Street, Suite 600 | San Francisco, CA | 94104 United States
evan@bidops.com
2025492333
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Bid Ops is a cloud-based AI platform that aligns your vendors with operational excellence. Created by procurement professionals, Bid Ops demonstrates measurable improvements in cycle time and vendor communication across all spend categories, resulting in impressive savings.

Fairmarkit
125 Kingston St, Fl 3 | Boston, Massachusetts | 02111 United States
ben@fairmarkit.com
(800) 558-8017
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Through streamlined sourcing, vendor identification, and automated quoting, Fairmarkit accelerates the bid-to-buy process. The solution uses machine learning and artificial intelligence to reduce manual effort by 30-40% on purchases while yielding savings of over 15%. The platform connects directly to your existing internal systems providing a rapid implementation process and enabling more spend to be placed under management. Fairmarkit is

Fulcrum
4250 Executive Square #200 | San Diego, CA | 92037 United States
sean@fulcrumworks.com
17204700047
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Fulcrum is an On-Demand Workforce Platform, purpose built for enterprise organizations. Fulcrum enables the largest companies in the world to design, manage, and execute work that is compatible with the On-Demand Workforce of the future. The Fulcrum Platform executes these strategies at scale, and with full enterprise grade compliance services included. Fulcrum aggregates and integrates the best in class alternative

Negotiatus
260 West 39th Street, Floor 15 | New York, New York | 10018 United States
zach@negotiatus.com
6466657383
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Negotiatus is the smartest and easiest way for businesses to order across all their vendors. It provides one catalog and cart to order, one powerful reporting and budgeting system, and one invoice per week or month across all the physical products a business buys. Businesses benefit from a 95% reduction in time to order and reconcile, a 77% reduction in

SupplyHive
20 N Upper Wacker Dr | Chicago, Illinois | 60606 United States
ailis.y@getsupplyhive.com
3125158685
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
SupplyHive provides software to measure and manage Supplier Performance.