Spend Matters 50/50: Hiperos – A Provider to Know in 2015

100 companies - 100 days

We announced here and here our two (not ranked) lists: Spend Matters 50 To Know and 50 To Watch firms for 2015/2016. In the first case, this is our view of the 50 solution provider type organisations in the procurement industry that every senior procurement leader should be aware of and understand. The 50 To Watch are the up-and-coming firms  - those with interesting and relatively new solutions for our market. The 50 To Know are the key organisations in our industry that procurement executives need to have on their radar.

Having announced the lists, our US colleagues are now featuring each of the 100 firms in turn with an article giving an overview of each, with some headline Spend Matters thoughts on them. So on this site we will be giving you a brief extract of the US article, plus adding our own comments where we have anything useful to add from a European perspective. Sometimes we do, sometimes we don’t!

Here is what our US colleagues had to say about Hiperos:

"Hiperos has made a name for itself in the supplier management field first through its supplier performance management (SPM) solutions and later with information management more broadly. More recently, Hiperos created the label third-party management and has focused primarily on risk management across all external parties that a company engages with.

The company is well represented with clients in most verticals but is particularly strong among heavily regulated firms, such as those in the financial services sector. While still a small firm, Hiperos now has greater access to capital, a substantial list of global clients and has built a name for itself as a capable governance, risk and compliance (GRC) and supply base risk management provider".

You can read more about what our US colleagues have to say on Hiperos here.  The firm does not appear to have any offices outside the US, but clearly has some large international firms amongst their supply base, and the reach of their supplier information is truly global.  "Today, Hiperos customers engage with their third parties in 182 countries worldwide, and depend on the Hiperos 3PM™ platform to control the risks and optimize the value of their third party relationships".  

So an option for firms this side of the Atlantic in terms of supporting global supplier management, even if you might have to call the States if you want an initial chat!

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