50 Providers to Watch for 2020
At Spend Matters, we routinely review the latest procurement technology and service offerings. This uniquely positions us to help you with your vendor selection process. The 50/50 lists are the result of intense debate, discussion and refinement among all Spend Matters analysts, and reflect our unbiased, independent view of the organizations you should know and watch.
This year's issuing the Spend Matters ‘Providers to Watch’ list and it’s never been this competitive and dynamic. Note that the companies on the lists were independently selected by the Spend Matters analyst team based on each provider’s merits.
Watch
Take a look at the providers our analysts believe are worth considering for your procurement projects:
Allocation
132 N York Street | Elmhurst, IL | 60126 United States
Provides solutions and/or services in the following categories:
AnyDATA Solutions
5th Floor, Platform 9, Tower Point, 44 North Rd, Brighton | LONDON, Westminster | BN1 1YR United Kingdom
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
A true end to end data and contract integration and reporting platform, extensible across functions, industries different use cases, providing Data, Contract, Compliance, Form Creation and Analytics Solutions. The power to combine cleansed data, contracts, user inputed information (forms) and enrichment data to get the full story. Award Winning Applications ready to go today and integrated. Plus a Platform for
AvidXchange
1210 AvidXchange Lane | Charlotte, NC | 28206 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Founded in the year 2000, AvidXchange transforms the way companies pay their bills. Trusted by more than 5,500 customers throughout North America, AvidXchange is the industry leader in automating invoice and payment processes across the real estate, HOA, construction, and healthcare industries. AvidXchange is distinguished as a global fintech unicorn and one of the fastest growing technology companies in the
Bid Ops
345 California Street, Suite 600 | San Francisco, CA | 94104 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Bid Ops is Sourcing Enablement for the Modern Business, driving savings by getting better quotes faster. With Fortune 100 customers and impressive case studies, Bid Ops is changing the way business teams partner with suppliers.
BidMode
470 Sapphire Drive | Carmel, Indiana | 46032 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Powerful sourcing optimization with the best customer service in the industry.
Bonfire
121 Charles St. W. #C429 | Kitchener, Ontario | N2G 1H6 Canada
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Bonfire is a leader in strategic sourcing and procurement technology that makes the Request for Proposal (RFP) process easy. The collaborative and powerful cloud-based platform offers online solicitation, submission, contract evaluation and management, and vendor performance. Bonfire is smart sourcing, made easy. www.gobonfire.com
BuyerQuest
343 West Bagley Road, Suite 300 | Berea, Ohio | 44017 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
BuyerQuest enables the Next Generation Procure-to-Pay (P2P) Experience BuyerQuest delivers an unparalleled eCommerce experience to some of the world's largest and most sophisticated procurement organizations. Our software streamlines and enhances the corporate buying process in order to increase user adoption, drive contract compliance, and save money. Search - Buy - Pay A P2P Solution that creates real value for an
Cirtuo
Krenngasse 12 | Graz, Styria | 8010 Austria
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Cirtuo’s mission is to empower your strategic breakthrough in procurement. Cirtuo is transforming the procurement function into a strategic champion that captures opportunities and faces risks head on. A strategic champion that is conscious of all the potential at its fingertips and risks that need to be faced head on. We were compelled to find ways to translate strategies into
Conga
13699 Via Varra | Broomfield, CO | 80020 United States
Provides solutions and/or services in the following categories:
Creactives SpA
Enrico Fermi, 4 | Verona, Italy | 37135 Italy
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Creactives has developed Artificial Intelligence solutions to provide Real-Time Procurement insights, optimize processes, and make business data usable by overcoming geographical, language, and ERP Systems barriers. Creactives helps many S&P Global organizations achieve their saving goals.
Datapred
EPFL Innovation Park | Lausanne, Vaud | 1015 Switzerland
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Datapred uses machine learning to deliver 3-5% savings on your energy and raw material costs, year over year. Based on price, contextual and operational data, Datapred combines price predictions and cost/constraint optimization to generate purchase order recommendations telling you which volumes to buy and at what time. Datapred also isolates the factors affecting price risk for the energy or raw
EC Sourcing Group, Inc.
18 Cattano Ave. | Morristown, NJ | 07960 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
EC Sourcing Group offers robust yet easy to use technology for today's strategic sourcing & procurement professional. Its technology stack covers E-Sourcing, Bid-Scenario Optimization, Project Management & Intelligence, Contract Management, Supplier Management, and Analytics. Continued Growth & Innovation – Founded in 2001, EC Sourcing Group has grown over 300% in the last 5 years and continues to drive innovation within
Fairmarkit
281 Summer Street, Fl 2 | Boston, Massachusetts | 02210 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
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.
Globality
8 Homewood Place | Menlo Park, California | 94025 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Globality’s vision is to unlock world-class services. Using innovative A.I. technology built upon a constantly-expanding knowledge foundation with millions of data points, Globality ensures a level playing field so companies get the best service providers at the right price for every project. Plus, this inclusive approach leads to a decrease in time spent searching in favor of time spent doing,
Greensill Capital
One Southampton Street, Covent Garden | London, England | WC2R 0LR United Kingdom
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Greensill Capital is an independent finance company that unlocks working capital and generates margin improvement for our global clients via better management of trade payables, receivables and inventory. In addition to delivering some of the industry’s largest investment-grade supply chain finance programmes, Greensill Capital is the leading provider for non-investment grade obligors as well as delivering solutions to reach the
Kodiak Rating
Humlegårdsgatan 5 | Stockholm, Stockholms län | 11446 Sweden
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Kodiak Rating’s platform is a comprehensive suite offering cloud-based Supplier Relationship Management and Supplier Performance Management software made for procurement teams focused on collaborating with suppliers, and driving performance enhancement among your suppliers! Kodiak Rating's platform supports SIM, SRM, SPM, supplier risk & compliance management. With Kodiak Rating, it's simple to automate daily supplier relationship management tasks, select the right
LevaData
60 Market Street, Suite 700 | San jose, CA | 95113 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
LevaData helps global enterprises improve gross margins by reducing supply chain costs, with a focus on delivering measurable and accountable supply chain solutions and strategies that transform companies. The unique LevaData Cognitive Sourcing™ Platform allows customers to sense, recommend, act, and learn. Customers include leaders in the top global supply chain organizations, as well as medium-sized OEMs seeking to achieve
Market Dojo
Westend Business Suites | Stonehouse, Gloucestershire | GL10 3SL United Kingdom
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Market Dojo are an industry-leading provider of on-demand eProcurement Software Solutions. Our tools are designed to be used by Procurement teams globally, regardless of their budgets, experience or capabilities. Our current product suite includes: SIM Dojo - Simplify and control your Supplier Onboarding process Category Dojo - Run Opportunity Analysis to monitor where your time is best spent Innovation Dojo
Negotiatus
260 West 39th Street, Floor 5 | New York, New York | 10018 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Negotiatus gives businesses a better way to purchase and pay by providing: a centralized platform to manage all spend, cashback rewards for buying smarter, and one invoice across all of their vendors. Businesses don’t have to wait months to get started – they can sign up in the morning and be up and running by the end of the business
Procurence
ul. Twarda 4/171 | Warsaw, International | 00-105 Poland
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Procurence Meercat® seamlessly connects Procurement, Quality Management and Compliance/HSE departments in one software platform. We help companies create transparency in their supplier base, decrease supply chain risk and streamline internal supplier management and communication processes to lower the overall cost of procurement. Our award-winning software is particularly suitable for fast-growing companies with multiple ERP systems and complex, ever-changing product range,
Procurify
300 - 455 Granville Street | Vancouver, British Columbia | V6C 1T1 Canada
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Procurify's spend management & purchasing solution gives you purchasing workflows, customizable approvals, and spend controls. Say goodbye to maintaining multiple spreadsheets, paper forms, and slow approvals with one spend hub. Benefits: Procurify streamlines requesting items, procurement & purchasing, receiving and preparing the accounts team to make accurate payments. Easily set up customizable approval flows. There’s a better way to manage
Promena E-Sourcing Solutions
Ünalan Mahallesi Çağla Sokak Koç Grubu Apt. No:11/A | Üsküdar, İstanbul | 34700 Turkey
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
We offer competition, transparency, and efficiency by our software built upon the experience of the procurement practitioners and our professional services to help our clients […]
Resilience360
1210 S. Pine Island Rd. | Plantation, FL | 33324 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Resilience360 is an innovative, cloud-based platform that helps companies to visualize, track and protect their business operations. The solution facilitates intuitive supply chain visualization while tracking assets, suppliers, orders and shipments, and enables near real-time monitoring of incidents capable of disrupting or delaying supply chains. Resilience360 easily integrates with business systems and helps companies keep track of risk in combination
scoutbee
Holundergasse 10 | Hausen, Bavaria | 97262 Germany
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
scoutbee’s AI-powered supplier discovery suite helps procurement leaders see deep supplier insights to make more confident buying decisions. With scoutbee, purchasers face less tedious, manual work to fulfill strategic sourcing projects and scout suppliers globally. Procurement leaders can discover new paths to drive profit and impact from faster time to market and reduced costs. Customers like Audi, Airbus and Bosch
ServiceNow
2225 Lawson Lane | Santa Clara, CA | 95054 United States
Provides solutions and/or services in the following categories:
Shortlist
650 California St. | San Francisco, CA | 94108 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Shortlist is an end-to-end Workforce Management Platform allowing enterprises to onboard, organize, screen, assign and pay freelancers. The system features a consumer-inspired, modern UI with multiple talent types supported (including employees, vendors, contractors, etc.). The all-in-one solution to grow and manage your Contingent Workforce program results in reduced time to hire and a mitigated risk for legal action.
Silex
27 rue Raymon Lefebvre | Gentilly, Paris Region | France France
Provides solutions and/or services in the following categories:
Simfoni
549 W Randolph St | Chicago, Illinois | 60661 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Simfoni is a market leader in the field of apps and analytics for procurement and supply chain. Clients deploy our state-of-the-art analytics platform, Virtuosi™ to help understand better where there are opportunities for business improvement. The Virtuosi analytics output helps clients identify how they can make procurement and supply chain operations easier, more efficient and more effective. Where appropriate, we
Simplify Workforce
10 Exchange Pl, Suite 1710 | Jersey City, NJ | 07302 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
SimplifyVMS enables companies to increase profitability, mitigate risk, and source qualified talent by optimizing the extended workforce. SimplifyVMS offers the newest and most flexible tech stack offering in the VMS space and its flagship product, SimplifyVMS, is a cloud-based, vendor neutral, contingent workforce management and services procurement solution. Simplify Workforce provides an all-encompassing approach to managing all aspects of your
SoftCo
SoftCo, South County Business Park, Leopardstown | Dublin, DUBLIN 18 | D18 N799 Ireland
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
SoftCo is a leading provider of AP & P2P and AR solutions that increase productivity, reduce costs, and ensure organizations meet their compliance obligations. SoftCo is a global organization with offices in the USA, Ireland, the UK, and the Nordics. SoftCo has over 1.5 million business users worldwide across all industry sectors. Our approach is to understand our customers’ businesses,
SourceDay
9737 Great Hills Trail, Suite 100 | Austin, Texas | 78759 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
SourceDay is the collaboration engine that brings people, information, systems, and processes together to modernize how companies manage orders with their direct spend suppliers. The solution streamlines the first mile of the supply chain to reduce cost and help companies ship to customers on-time. From Fortune 100 companies to mid-size manufacturers and distributors, thousands of companies use SourceDay globally to
Spendata
PO Box 464 | Southborough, MA | 01772 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Spendata is the first true do-it-yourself spend analysis tool. It’s powerful, easy to learn, and inexpensive to own at $699/year. Any organization can find valuable […]
Spendency
Landsvägen 50A, 4tr | Sundbyberg, Stockholm | 17263 Sweden
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Spendency is a procurement analytics solution that differentiates itself through an exceptional user experience. It caters both to the super advanced user who loves spreadsheets as well as the novice who feels slightly anxious when someone mentions "Pivot table". Spendency was launched in 2015 and based in Sweden. We set out to democratize analytics and we still think we provide
Suplari
1700 7th Ave., Suite 116, PMB 700 | Seattle, WA | 98101 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Suplari is a modern, innovative take on spend analytics and supplier management whose mission is to make it easy for Enterprise procurement and finance teams to make faster and better purchasing decisions by connecting disparate data, automating analysis, and enabling collaboration and accountability. With Suplari, you are freed from data drudgery and armed with visibility and fresh insights each month
SupplyHive
20 N Upper Wacker Dr | Chicago, Illinois | 60606 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
SupplyHive provides software to measure and manage Supplier Performance.
Talent Data Exchange (Brightfield Strategies)
575 8th Avenue, Suite 1715 | New York, NY | 10018 USA
Provides solutions and/or services in the following categories:
Talentnet
2 Bloor St. W #802 | Toronto, ON | ON M5T 1G1 Canada
Provides solutions and/or services in the following categories:
Talon
Tower Point, 44 North Road | Brighton, East Sussex | BN1 1YR United Kingdom
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Get ready for anything With a workforce powered by Talon, you’re ready to push the limits of what’s possible. Any project. Any requirements. Anything’s possible. Talon is an on-demand workforce platform with unrivalled performance and configurability. Any sector. Any location. Any currency. With amazing on-demand talent at your fingertips, there's nothing holding you back.
TransferMate Global Payments
IDA Business Park, Ring Road | Kilkenny, Leinster | R95 ETN5 Ireland
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
TransferMate is a global B2B payments technology firm, enabling companies to send and receive cross-border payments faster and easier than ever before. TransferMate has built […]
Vendorful
30 Vesey St., 9th Floor | New York, New York | 10007 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Vendorful has reimagined eSourcing software, marrying a modern user experience with a robust set of APIs to transform the way organizations manage their sourcing efforts. Our ever-growing suite of tools includes RFP/RFI/RFQ Automation, Reverse Auctions, Contracts Administration and Lifecycle Management, and Vendor Management. Vendorful marries point-and-click simplicity with enterprise-class features (e.g. SSO, encryption at rest, and more) to offer a
Vizibl
1 Long Lane | London, London | SE1 4PG United Kingdom
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Founded in 2012, Vizibl's mission is to revolutionise how companies work with their suppliers to build truly valuable relationships. Vizibl, is a cloud based software platform, that empowers organisations to collaborate in a transparent manner with their suppliers to drive growth and innovation. Backed by some of Europe's top VCs and named as one of the top emerging innovative tech
VNDLY
4900 Parkway Dr Suite 125 | Mason, OH | 45040 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Founded in 2017, VNDLY transforms how companies manage the contingent workforce. With its SaaS Work Management System (WMS), companies can manage the entire non-employee engagement lifecycle from talent acquisition to training to payment and offboarding. VNDLY serves as the ERP system of record for multiple Fortune 500 companies to manage their entire contingent and non-employee workforce on a single platform.
Vroozi
1212 Broadway Plaza Suite 2100 | Walnut Creek, CA | 94596 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Vroozi provides mobile-first spend management, eProcurement, marketplace, and invoicing automation solutions for midmarket and enterprise customers. With the Vroozi Cloud platform, organizations optimize and automate how they purchase, invoice, pay, and collaborate with their supplier population for goods and services. The Vroozi technology is centered around an intuitive and powerful user interface that allows for immediate end user adoption. In
What’s The Price (WTP)
Kerkstraat 19 | Rossum, International | 5328 AA Netherlands
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
What’s The Price is cloud-based procurement software. The basis is formed by big data on industry, commodity prices, labour costs, energy costs and exchange rates. With a few simple selections, you get direct insight into 18 relevant cost drivers. This gives the buyer valuable negotiation points based on facts within minutes. An enormous high speed to value. The insights offer
Xeeva
999 Tech Row, Suite 150 | Madison Heights, Michigan | 48071 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Founded in 2014, Xeeva is a leader in indirect spend management solutions that optimize the entire procurement process – from delivering the industry’s most comprehensive spend data through guided buying. Xeeva does more than just improve processes; it transforms your business with best practices around AI-powered data, spend analytics, sourcing, and procurement solutions that drive better, more strategic decision-making and
Yooz
8951 Cypress Waters Blvd, Ste. 170 | Coppell, Texas | 75019 United States
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Yooz is a fast-growing, award-winning software firm that solves for today’s finance professionals’ top invoice and payment processing challenges by providing innovative, cloud-based AP automation. Yooz offers an intuitive, simple, secure, purchase to pay invoice processing solution that integrates seamlessly with more than 200 ERP platforms. Simplicity, transparency, security, savings, and mobility form the hallmark foundation of the Yooz platform
