Spend Matters 50/50: Pool4Tool – A Provider to Watch 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 Pool4Tool:

"Pool4Tool is an Austrian-based powerhouse of an e-sourcing and e-procurement platform that aims to please the direct side ... It has a strong offering that delivers an end-to-end solution for most of the challenges faced on the direct side. It is applicable to the needs of the indirect side as well, and the platform has over the years grown to be more "inclusive" of all corporate procurement needs. That said, there is no denying the company's strengths on the direct side, and for manufacturers, this is a company well worth looking into. It also is worth exploring not only at firms with SAP as their main ERP, even if this is a common denominator for most of Pool4Tool's clients and a core strength of the company – the firm can also handle integration with other platforms".

There's more on what our US colleagues have to say here. In terms of Europe, then of course this is a European company, with deep strength in Austria and Germany and other related countries. there are offices in Munich, Stuttgart and Vienna; and also in Paris. Many clients are major blue-chip manufacturing firms with international operations; Miele, Bombardier etc, and Pool4Tool clearly service those operations successfully; but there has not been too much focused sales effort in the UK for instance.

But do read the whole US analysis for more insight into whether Pool4Tool might be a good fit for your requirements.

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