Top 100 Companies in Procurement 2023

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FOREWORD

PROCUREMENT TEAM EDITOR-IN-CHIEF

NEIL PERRY

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WELCOME TO THE 2023 TOP 100 COMPANIES LIST It is with great pleasure Procurement Magazine presents our Top 100 Companies in Procurement 2023.

There has been nothing short of an explosion of innovation and technical progression in the sector in the last year, as the exciting influence of AI powered solutions permeates every corner of technology and strategy.

The arrival of that kind of progress will always make a list of this kind a challenging exercise, as so many inspiring companies could make a case for higher positions on the table, and many others not included have outstanding stories to tell.

Every player in the field has something to offer, whether they are an established multi-national, or a invigorated start-up with a fresh approach or idea, we can all learn something from such a diverse group of exciting businesses.

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ANDREW STUBBINGS MEDIA SALES DIRECTOR

JAMES WHITE

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Neil Perry

neil.perry@bizclikmedia.com

LEWIS VAUGHAN CEO

GLEN WHITE

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best in Procurement & Supply Chain with the following categories: Procurement Transformation Award – Digital Supply Chain Award – Global Logistics Award – Supplier Diversity Award – Supply Chain Innovation Award – Supply Chain Sustainability Award – Procurement Technology Award – Procurement Consultancy Award – Future Leader Award – Executive of the Year Award – Project of the Year Award – Lifetime Achievement Award

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TOP 100 COMPANIES

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H&Z Management Consulting

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Vendigital Founded in 2000

CEO: Roy Williams

Founded in 1997

p / tm w s:m w n w ik ltv e n .atlig .i / w p h t:w co w m v .e a n lt.g d i/ h co o / c pa n d y / / e l-d n d

h p / tm w s:m w n w ik le d n .i. o / / w p h t:ww g o h ru z.p / c c o an / yh b u n siesp -co n su ig t& / l-z

Founded in 2000 in London, Vendigital delivers

Based in Munich, Germany, and founded in

achieve this by combining consulting expertise

CEO: Harald Enz

1997, H&Z Consulting prides itself on consulting with ‘head, heart and hand’. They offer more

data-led accelerated cost transformation. They and a proprietary digital platform – through their Insights360 methodology – to achieve measurable

than successful strategy development, as

and sustainable cost reductions for clients.

their experts design, manage and accompany

Recognised as a top 20 management

transformation processes with measurable results.

consultancy by the Financial Times, they work

Their focus is on strategy and performance,

across procurement; supply chain; cost and

procurement, transformation and sustainability – where H&Z is one of the leading consultancies.

Business Consulting and Services United Kingdom

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2023

value engineering; and operating strategy to transform clients’ cost bases at pace and deliver benefits to their bottom line.

Business Consulting and Services United Kingdom

TOP 100 COMPANIES

98

Precoro Founded in 2015

CEO: Andrew Zhyvolovych h p / tw s:m w w ik le d n .i. o / h / p ts:e rco co rm ./ c co m pn a / p reco rn oy /

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Prenax Founded in 1993

CEO: Fredrik Petersson p / tw s:m w n w ik ly e d n .i. h p te / sw :a ww c o / p rn co x.m /. h c o m p a n / p re nax -g o lb a /l

Founded in 2014 and based in Brooklyn, New York, Precoro is a leading provider of cloud-

Headquartered in Courbevoie, Ile-de-France,

based procurement and AP automation solutions.

Prenax is a globally renowned company

They have empowered companies from over 80 countries, including the USA, UK, Europe, and Asia, to revolutionise their purchasing experience. Through digitisation, Precoro helps businesses enhance efficiency and simplify complex day-to-day operations.

Precoro’s platform equips procurement and finance managers with the tools to eliminate paperwork, centralise purchasing processes, enhance spending visibility, and mitigate human errors.

Challenging the notion that purchasing software is expensive, difficult to implement, and user-unfriendly, Precoro is reshaping industry perceptions.

that provides outsourced procurement and management services for subscription-based resources. Founded in 1993 by two former IBM employees in Sweden, Prenax has been dedicated to creating a subscription management system tailored to the needs of corporate and service-oriented industries. Prenax has expanded its operations with offices in the UK, France, the US, and APAC regions. Through a combination of strategic acquisitions and organic growth, Prenax has become the leading global supplier of subscriptions, memberships, books, reports, databases, and large licences.

In November 2020, Prenax further solidified its position by acquiring LM Information.

Software Development

Information Services

United States

France

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TOP 100 COMPANIES

96

Suplari Founded in 2016

CEO: Nikesh Parekh p / tw s:m w w ik l/ e d iir.l h p t/su :co p .am lir/ h co o c m pn an y n s/ u in -.cp .a

Founded in 2017 and based in Seattle, Suplari is a pioneering Spend Agility™ company. They have developed the industry’s first-ever Spend Intelligence Cloud, empowering finance, procurement, and business leaders to optimise sourcing, forecasting, risk management, and compliance collaboratively and continuously.

Suplari enables mid-size and large enterprises to achieve spend agility by automating data, spend analytics, and actionable recommendations.

Suplari joined forces with Microsoft, sharing a common vision of a data-driven future and the transformative power of AI. The collaboration with Microsoft’s expertise in AI and cloud technology amplifies Suplari’s ability to deliver immediate return on investment and sustained long-term success.

Software Development United States

95

Alvarez & Marsal Founded in 1983

CEO: Bryan Marsal h p / tw s:m w ik le d n .i. h / te w w w ..l c o / v a ro z:an d m co pn aw n clp m /asra v a le rm z-&-m ay sr/ / al

Companies, investors and government entities around the world turn to Alvarez & Marsal (A&M) when conventional approaches are not enough to drive change and achieve results. Privately held since its founding in 1983 in New York, A&M is a leading global professional services firm that provides advisory, business performance improvement and turnaround management services.

They employ more than 8,000 people across six continents.

Business Consulting and Services United States

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2023

TOP 100 COMPANIES

94

4C Associates Founded in 2000

CEO: Simon Terry p / tm w s:m w n w i4 k la n .ii. / h w t:ow w 4c./ aso a etc s.i h co o / cp m c pan y / c e -e / so td c

Founded in 2000 in London, 4C Associates work in the field of business consulting and services, 4C is a leading commercial, supply chain and operations consultancy that harnesses the power of people and collaboration to build transformative solutions that create sustainable

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impact for their clients and society.

Vizibl

They are passionate about delivering

Founded in 2014

transformative solutions for sustainable impact, and their success is measured by the positive change they help their clients achieve.

Business Consulting and Services United Kingdom

CEO: Richard Hogg p / tw s:m w ik lb e n h p / tw s:w co b w / .zv ili. h co o / c m pn aw n y / zid v l.ii.

Vizibl is a company that prioritises collaboration, innovation, and sustainability as key elements in supplier relationships. Their digital platform empowers enterprise organisations and their suppliers to manage all of their partnerships.

Vizibl facilitates the exploration of new revenue opportunities, fosters the development of innovative products and solutions, and supports joint efforts towards achieving sustainability targets. By aligning suppliers with business objectives, Vizibl ensures the delivery of mutual value. It connects the extended ecosystem, and its platform offers a space for collaboration and streamlined operations. Vizibl was founded in 2014 and operated out of London, and its mission is to revolutionise how companies work together to build truly valuable, sustainable relationships.

Software Development United Kingdom

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TOP 100 COMPANIES

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Supplier.io Founded in 2011

CEO: Aylin Basom h p / tm w s:m w w iy k le n hp t/ s:upo p ie / i.rl c o / co pan n / su o / p e id r.p ii.l

Supplier.io from Chicago is a leading provider of solutions for supplier diversity programs.

Their comprehensive offerings enable supplier diversity managers and chief procurement officers to implement effective programs that

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Fluxym Founded in 2002

drive growth in diversity spend, enhance supply chain competitiveness, and elevate brand value.

Supplier.io is trusted by 50% of the Fortune 100 and 50% of the Billion Dollar Roundtable, attesting to their widespread adoption. Leveraging their data, software, and expert guidance, they offer

CEO: Philippe De La Villardiere

valuable services, including data enrichment for

h p / tw s:m w n ik ly e d n .i. p t/ sw :co.m ww c o / u lx fh y m /. u o m p aw n / lc fx y m s2 p /

for discovering new diverse suppliers, spend

evaluating diverse spending, Supplier Explorer reporting for analysing opportunities, tier 2

Fluxym is a globally recognised authority in

portal and program management, and economic

Procurement and Finance process automation.

impact assessments to quantify community

They offer comprehensive support to businesses in

benefits derived from these programs.

evaluating their existing organisation and processes, facilitating their procurement digital transformation journey. Fluxym seamlessly integrates best-in-class solutions, including Source-to-Contract, Procureto-Pay, Contract Lifecycle Management, and Travel and Expenses, into clients’ IT ecosystems.

With a rich history spanning two decades, Fluxym has successfully contributed to the procurement transformation of over 360 companies across the globe. Their expertise and operational presence in France (Paris, Lyon, Bordeaux), North America (Montreal, Toronto, New York), and Asia Pacific (Singapore) make Fluxym the trusted advisory partner for organisations seeking to elevate their operational excellence to new heights.

Software Development France

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2023

Software Development United States

TOP 100 COMPANIES

89

Archlet Founded in 2019

CEO: Tim Grunow h p / tm w s:m w n w iy k lcrh e n .li. h p / tw s:ww o a / c irh .etl c o / co pa n / a / etd

Archlet is a user-friendly sourcing analytics platform that revolutionises data management for Procurement teams. By streamlining data collection, storage, and analysis, Archlet simplifies the entire process. With automated bid analytics, strategic sourcing managers gain valuable insights instantly, empowering them to maximise

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Booz Allen Hamilton Founded in 1914

negotiation power and allocate more time to strategic tasks. Trusted by global enterprises, Archlet plays a pivotal role in eliminating inefficiencies from the sourcing process and enabling faster, informed decision-making. Its intuitive interface and robust functionality provide

CEO: Horacio D. Rozanski

Procurement teams with a comprehensive solution

p / tw s:m w n w ik le d n .i. h p / tow :o ww c o / b en c zla o l.m /. h c o m p a / b o eo n la -zlha m o tn n ly / i

on simplicity and efficiency makes it a go-to

for enhancing their operations. Archlet’s focus platform for organisations aiming to optimise their

IT services and consulting company Booz Allen Hamilton is based in McLean, Virginia and was founded in 1914.

Trusted to transform missions with the power

sourcing activities and drive better outcomes.

Software Development Switzerland

of tomorrow’s technologies, Booz Allen Hamilton combines in-depth expertise in AI and cybersecurity with leading-edge technology and engineering practices to deliver impactful solutions.

Combining more than 100 years of strategic consulting expertise with the perspectives of diverse talent, they ensure results by integrating technology with an enduring focus on their clients.

IT Services and IT Consulting United States

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TOP 100 COMPANIES

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Keelvar Founded in 2012

CEO: Alan Holland p / tm w s:m w n w ik lv e d .li. h p / tw s:m ww k .v ea .lr h co o / c o /e c pan y / k e / a rn

Keelvar is a dedicated provider of advanced procurement solutions, aiming to enable procurement teams worldwide to achieve sourcing excellence. Their platform harnesses the power of unique artificial intelligence, meticulously crafted by category experts, to deliver substantial cost savings and operational enhancements for global enterprises such as Siemens, Coca-Cola, Samsung, Novartis, and more. Founded within Europe’s largest AI research lab, Keelvar boasts a team of computer scientists and engineers specialising in AI, optimization, and game theory,

87 ZIP

Founded in 2020

CEO: Rujul Zaparde p / tw s:m w w ik ly e n .i. c o /d h p / tzish :c q o.m/ h c o m pn aq n / th ezp ih /

Zip is an intake-to-procure solution, facilitating streamlined procurement processes for businesses.

As a leading platform, Zip offers a centralised hub where employees can initiate purchase or vendor requests, enabling businesses to achieve clear and timely visibility across all purchases while enhancing the overall employee experience.

With its no-code configuration and intelligent workflows, Zip seamlessly integrates with various systems, automating the routing of requests for faster approval across multiple teams, including

all strategically applied to the realm of strategic

finance, legal, procurement, IT, and security.

sourcing. With $42 million in funding to date,

Prominent enterprises and high-growth

the company continues to invest in product

startups, such as Databricks, Canva, Airtable,

development and expand their global reach.

Webflow, and more than 100 others, trust Zip

Keelvar is headquartered in Cork, Ireland, with a

to streamline their procurement operations

diverse and dedicated workforce across the globe.

and provide a delightful user experience.

Software Development

Software Development

Ireland

United States

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2023

TOP 100 COMPANIES

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85

Founded in 2012

Founded in 2017

h p / tm w s:m w w iy k lo d n .izi. / w p h t:sw co w v m o r.o i.z/ c o / co pan n / v re / o

h p / tm w s:m w n w ia k le e n .i. h p / task r:e co rst.m/ c o / co pan y / k ro / std

Vroozi is a business spend management,

Arkestro is a Predictive Procurement Orchestration

marketplace, and accounts payable invoice

Platform from San Francisco, revolutionising

automation platform that simplifies business

procurement’s influence by embedding desired

purchasing and payables for mid-market and

outcomes into any system or process. With a

enterprise organisations. Its cutting-edge

focus on behavioural science, game theory, and

SpendTech platform revolutionises procurement

predictive machine learning models, Arkestro

and vendor invoice management through AI and

empowers companies to optimise 100% of their

ML capabilities, intelligently streamlining business

spend in a systematic and efficient manner.

processes and delivering robust functionality for

The inception of Arkestro was rooted in founder

companies of all sizes. By digitising operations,

Edmund Zagorin’s experience as a procurement

Founded in 2012 in California, Vroozi reduces

consultant, where he observed the substantial time

transaction costs, enhances efficiency, and

and effort sourcing teams expended on collecting

boosts business margins, while offering invaluable

and comparing supplier quotes. Arkestro’s concept

financial insights to stakeholders. Tailored to

of “active monitoring” addresses this challenge

companies seeking comprehensive spend

by significantly enhancing cycle time, reducing

management, employee adoption, digital supplier

manual data entry and analysis, and eliminating the

connectivity, and real-time spend and payment

need for user adoption, training, or login, except

visibility, Vroozi provides a seamless solution

for Admin-level users. The platform strives to

accessible from any location, at any time.

deliver tangible business impact without hassle.

Vroozi CEO: Shaz Khan

Arkestro CEO: Edmund Zagorin

Software Development

Technology, Information and Internet

United States

United States

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TOP 100 COMPANIES

84

Oliver Wyman Founded in 1984

CEO: Nick Studer h p / tw s:m w w ik ly e n .i. w :m ww c o /d vh o e ip r/ w lto ym an.. vew c pn aa n / c / o -iro lm ym n /

Oliver Wyman is a global leader in management consulting, with offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organisation transformation.

The firm has more than 5,000 professionals around the world who work with clients to optimise their business, improve their operations and risk profile, and accelerate their organisational performance to take on the most attractive opportunities.

Business Consulting and Services United States

83

Aravo Solutions Founded in 2000

CEO: Michael Saracini p / tw s:w n w ik ly e d n .i. c o / h p / tas:rv co.m/ h c p n ao ram vom -so u o la itn s/ /

Aravo delivers intelligent automation-powered third-party risk and resilience solutions, and has been at the forefront of the industry for over two decades. With a combination of technology and domain expertise, Aravo has helped brands worldwide to accelerate their third-party management programs. Built on user-friendly, agile, and scalable technology, Aravo’s solutions enable complex organisations to keep pace with rapid regulatory changes.

Serving as a centralised system of record, Aravo provides a view of the entire third-party ecosystem throughout the relationship lifecycle, spanning intake to off-boarding and all stages in between. Based in San Francisco, Aravo aids in managing risk and enhancing the performance of over 6 million organisations worldwide.

Software Development United States

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2023

TOP 100 COMPANIES

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Logility Founded in 1996

CEO: Mike Edenfield h p / tm w s:w n w ik ly e n .a .o h / p tw s:c w o y m .tiw o lgi/ . c o / com / p td iin ly / g li

Logility were founded in 1996 in Atlanta, and as a leading provider in accelerating the digital sustainable supply chain, empowers companies to seize new opportunities, adapt to market dynamics, and manage complex global businesses. Leveraging the Logility Digital Supply Chain Platform, which integrates artificial intelligence and analytics, businesses can automate planning, streamline cycle times, improve operational performance, and achieve greater visibility. The platform aids sales and operations planning, demand and inventory planning, global sourcing, quality and compliance management, product lifecycle management, supply and inventory optimisation,

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Proactis Founded in 1996

CEO: Tim Sykes p / tw s:m w n ik ly e n .i. h p / tw s:m ww p r.sa .cit h c o /d c o /o c o m p aw n / p ro asc -g itro u p /

manufacturing planning and scheduling. As a wholly owned subsidiary of American Software,

Proactis are a leading Source-to-Pay software

Inc. Logility continues to drive smarter and faster

provider, specialising in empowering mid-market

decision-making for businesses worldwide.

organisations in service-led industries. Their

Software Development United States

modular platform enables customers to achieve control over spend, manage supply-chain risk, enhance compliance and governance, reduce costs, and drive efficiencies through digitisation and automation. Proactis offer a value-led proposition, making it an ideal partner for ERP systems, allowing for greater control, visibility, and efficiency. With a modular approach tailored to mid-market resources, budgets, and priorities, implementation is seamless, providing rapid access to long-term benefits. Headquartered in Wetherby, UK, they are committed to delivering excellence in procurement solutions and serve a rapidly growing client base of over 1,100 corporate and public sector organisations.

IT Services United Kingdom

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TOP 100 COMPANIES

79

TealBook Founded in 2014

CEO: Stephany Lapierre p / tw s:m w n w ik ly e n .i. sw :oc ww c o /d eth b ap lt/ o k o.m /. h c m n / teoa b lop oak /

TealBook was founded in 2015 and based in Toronto and is helping to transform the supplier data market. Powered by AI and machine learning, TealBook autonomously maintains and refines supplier master data, driving e-procurement technology, supplier diversity, and performance. Its mission is to empower the

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Barkers Procurement Founded in 2014

CEO: Warren Ward p / tw s:m w n w ik le d n .i. h / tk :sp w w ..t h c o / b a rw e ro rm cu e rm c o m p n / cp o /en b a k resrpo rca u e ry /

Barkers is a multi-award-winning, carbonneutral, procurement consultancy offering specialist procurement and supply services across a variety of industries, including the utility sector, land, property, construction, IT, public sector and beyond.

They offer client-focused procurement services ranging from cost transformation projects to complex procurement transformations.

They are digital procurement specialists and are approved Coupa implementation partners within the UK and Ireland, winning a Spartan award at Coupa Inspire 2023.

Business Consulting and Services United Kingdom

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2023

digital enterprise by transforming the supplier data market. Supplier intelligence is built through advanced data gathering, prediction, and refinement, providing organisations with accurate, harmonised, and refreshed data. With state-of-the-art machine learning, TealBook delivers high-quality supplier data that surpasses traditional, manual methods. By continually expanding partnerships, and integrations, TealBook accelerates its data roadmap to advance the world through superior supplier data.

Software Development Canada

TOP 100 COMPANIES

77

Fairmarkit Founded in 2017

CEO: Kevin Frechette h p / tm w s:m w n w i/ k n .rii. h p / m trafis:co ak r.tm i c o /d co pa m n ra y ifle / ta k

Fairmarkit is an autonomous sourcing platform leveraging automation and AI with the aim to revolutionise tail spend. Procurement teams utilise Fairmarkit to efficiently manage 10 times the

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Tamr Founded in 2012

CEO: Andy Palmer p / tw s:m w n ik ly e d n .i. p t/sw :co ww c o / a th m .rm /. h c o aw n / p o rm qu a e rtcp hn o e g / lsi

Miami based Proqura simplifies running and managing intricate procurement processes, saving their customers time and cutting costs.

Proqura started in 2020 with a vision to help small and medium sized businesses minimise

number of events per full-time equivalent (FTE), yielding savings of $40k per buyer per week through AI-driven supplier recommendations. Established in 2017, Fairmarkit is headquartered in Boston, Massachusetts. Their ultimate goal is to empower organisations to procure goods and services in the most efficient manner, achieved through cuttingedge technology. By harnessing the power of data and automation, Fairmarkit aims to create seamless experiences for buyers and suppliers while fostering healthy market competition, thereby driving value for all stakeholders involved.

Software Development United States

their costs through systematic and competitive procurement. They shape their business around the core values of going the extra mile, keeping your eye on the horizon and always keeping improving. Their tools allow customers to gain comprehensive visibility into their business spend through insightful analytics, enabling cost reduction and minimising unnecessary expenses.

They serve small and medium sized companies all over the world, providing an affordable and easy-to-use solution that can immediately help them start saving time and money.

Software Development United States

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TOP 100 COMPANIES

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Cognizant Founded in 1994

CEO: Ravi Kumar S h p / tw s:m w n w ik ly e d n .i. h p t/ :zacn o / co gsw n io.m tww /. c co m n / c o gnzp iaan / t

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BirchStreet Founded in 2002

CEO: John Fay h p / tw s:m w ik ly e n .i. sw :com w o /d crh b h e rp its/ y tem s.w /. c cc pn aw n / b ro h im e rste -sy te stm s/

Founded in 2002, BirchStreet Systems has emerged as a leading Procure-to-Pay SaaS Market Leader,

Cognizant engineers modern businesses.

Their aim is to help their clients modernise technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world.

Together, the target is to improve everyday life.

offering initiatives across the hospitality sector.

By collaborating closely with major hospitality establishments, we empower their procurement and finance departments to leverage technology for tangible bottom-line outcomes. The solutions cater to the unique and intricate requirements of the hospitality industry. This collaborative

Their IT services and consulting business

approach enables actionable visibility, control

is based in Teaneck, New Jersey but

over direct materials spend, risk mitigation, and

has locations all over the world.

workflow efficiencies. BirchStreet software focuses

They focus on IoT, AI, software engineering and cloud – the technologies that are changing the nature of business.

IT Services United States

on enhancing business processes by automating eProcurement, AP Automation, Inventory Control, Recipe Management, Executive Dashboards, and Capital Budget Management modules. The aim is to empower stakeholders, enabling informed and confident decision-making that generates measurable savings and stronger business results.

Software Development United States

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2023

TOP 100 COMPANIES

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Prewave Founded in 2017

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CEO: Harald Nitschinger

AWS Market Place

p / tw s:m w n w ik le n .i. h p sw :c w c /d p e rt/ w a o ve m .w /. h c o m p n / p ro ew aa v ey /

Founded in 2012

Founded in 2017 by Dr. Lisa Smith and Harald

h p / tw s:m w n w ik ly e n .i. o /d h p taw :am m s.azo c o m p a c/ o /n. c a m zo w eba -se rv cn e in s/ /-

Nitschinger, Prewave was born out of their exploration of machine learning’s potential in analysing social media data to identify supplier risks. The concept was validated through a postgraduate thesis and multiple research trips to Indonesia, culminating in the successful implementation of the model in real-world scenarios. Today, Prewave remains dedicated to its mission of advancing supply chain sustainability, resilience, and transparency, one risk alert at a time. Serving as a comprehensive solution, Prewave covers every aspect of supply chain risk management, from identification and analysis to mitigation and reporting. The platform offers an end-to-end approach, fostering a sustainable supply chain for the future.

CEO: Stephen Orban

Founded in 1994, AWS Marketplace provides its customers with software tailored to meet the need of a wide variety of users to deliver procurement at speed. AWS marketplace allows users to access solutions from a variety of vendors that can be implemented quickly. Third-party sellers in AWS Marketplace offer flexibility, decreased transaction friction, standardised licence terms, vendor insights, and professional services.

AWS Marketplace provides a curated digital catalogue to make it easy to find, test, buy, and deploy third-party software for procurement.

IT Services and IT Consulting United States

IT Services and IT Consulting Austria

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TOP 100 COMPANIES

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Procurify Founded in 2012

CEO: Aman Mann h p / tm w s:m w n w i/ k lo e n .u h p t/p s:o rco y u f.m ir c o / co pan y p y / rfd c iir.

Procurify is an Intelligent Spend Management company, and is committed to providing organisations with unparalleled visibility and control over their business expenditure. Based in Vancouver and founded in 2013, their mission revolves around consolidating spend management into a single procure-to-pay solution, enabling customers to capture unified spend data and unlock significant time and cost savings, potentially amounting to millions of dollars. Recognised as the top Purchasing Leader by G2, Procurify has earned the trust of numerous customers globally, managing a collective organisational spend exceeding US$30 billion. The company integrates with major ERP accounting systems like NetSuite and QuickBooks Online, ensuring smooth interoperability and enhanced operational efficiency.

Software Development Canada

71

AppZen Founded in 2012

CEO: Anant Kale p / tw s:m w n w ik ly e d n .i. c o / h / p a tp s:pzec n om . h c m n / ao p pzp ean /

AppZen is a pioneer in autonomous spend-topay software and operates patented artificial intelligence technology. Leveraging this innovation, organisations can efficiently analyse vast amounts of data from multiple sources, gaining valuable insights into enterprise spend and making informed business decisions. AppZen integrates with existing accounts payable, expense, and card workflows, enabling real-time decision-making based on the organisation’s unique spend profile. As a result, processing times are expedited, and instances of fraud or duplicate spend are significantly reduced. Companies all over the world rely on AppZen’s solutions for invoice management, expense tracking, and card transactions, replacing manual finance processes and enhancing the agility of their operations. The company was established in 2012 in San Jose, California.

Software Development India

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2023

TOP 100 COMPANIES

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Vendr Founded in 2018

CEO: Ryan Neu p / tw s:m w n w ik le n .i. h p / tn w :c ww c o /d v e d o .rm /. h c / vo em ndp r-a cn oy /

Vendr is forever changing how companies find, buy, renew and manage SaaS. With over billions in SaaS purchases across 2,500+ suppliers, the Vendr SaaS buying platform enables the world’s fastest-growing companies to purchase SaaS, without friction and at a fair price.

Headquartered in Boston with a second

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employees, Vendr is a privately held

Google Cloud

company founded in 2019 by Ryan Neu.

Founded in 1998

location in Charleston and over 400

Technology, Information and Internet United States

CEO: Sundar Pichai h p / tw s:m w n w ik le d n .i. h t/sw :g w. c o / gp o o c eo l.w m co m / g o op gan ley /

Founded in 1998, Google is dedicated to organising the world’s information and make it universally accessible and useful. Leveraging cutting-edge technology, Google Cloud helps organisations to accelerate their ability to digitally transform their business and industry. With its enterprise-grade solutions to drive sustainable development, Google Cloud has customers in more than 200 countries and territories and is valued as a trusted partner to enable growth and solve critical business problems.

Software Development United States

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TOP 100 COMPANIES

67

Microsoft Dynamics 365 Founded in 1993

CEO: Satya Nadella h p / tw s:m w n ik ly e d n .i. o / h / p c ty o s:m n t.i c c o m p aw n / d n am com csm .i/uy m o c d -ro sty ifn a m c 3 s-u 6 i5 -i co m m y / tn

For almost 50 years, Microsoft has been innovating in the technology industry. Sine its founding in 1975, Microsoft has been dedicated to empowering every person and every organization to achieve more.

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Agiloft Founded in 1990

The company believes that technology can and should be a force for good and that meaningful innovation contributes not only to today, but a brighter future.

With Microsoft Dynamic 365 organisations

CEO: Eric Laughlin

can drive greater efficiency, reduce costs,

p / tw s:m w ik ly e d n h p t/p sw :zec co o / a p n om .ww /. h c m pn aw n / o ta l.fgii.

links people, data, and processes across an

and create a hyperconnected business that organisation. The solution helps those in

As a global leader in contract lifecycle

procurement and supply chain maximise asset

management (CLM) software, Agiloft is trusted

performance, transform operations, meet

to provide significant savings in purchasing,

growing needs, adapt faster, and work smarter.

enable more efficient legal operations, and accelerate sales cycles, all while drastically lowering compliance risk. Agiloft’s adaptable no-code platform ensures rapid deployment and a fully extensible system. Using contracts as the core system of commercial record, Agiloft’s CLM software uses AI to improve contract management for legal departments, procurement, and sales operations. They say they are on a mission to deliver Contract Lifecycle Management without limitations through agility, seamless extensibility, and deep expertise in order to transform contracts into relationships and as a trusted solution provider and partner, help organisations become more agile with applications that work the way they do.

Software Development United States

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Software Development United States

TOP 100 COMPANIES

65

Aera Technology Founded in 2017

CEO: Frederic Laluyaux p / tw s:m w n ik ly e n .i. h p sw :no w c o /d a e a rt/ c th cg lm y .w /. h c p alw n / ao ea rm e -tchn o gy /

Aera Technology is helping companies revolutionise enterprise decision-making with its transformative Decision Intelligence solutions. The cutting-edge Aera Decision Cloud platform seamlessly integrates

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Xometry Founded in 2013

CEO: Randy Altschuler p / tw s:m w ik ly e n .i. c o /d / h p x to s:m co e y rm .t h c m pn aw n / xo o m e rty /

with existing systems and data sources, enabling real-time and scalable business decision-making processes. Companies use Aera Technology to enhance their sustainability, intelligence, and operational efficiency. The platform makes realtime recommendations, takes action autonomously and learns from every decision that is made.

They believe in driving beyond digital transformation so that organisations can operate at internet speed

Xometry is a leading AI-enabled marketplace for on-demand manufacturing, and is helping to revolutionise one of the world’s largest industries.

Xometry leverages its proprietary technology

and scale in the era of decision intelligence.

Software Development United States

to create a marketplace where designers and engineers can efficiently source high-quality on-demand manufactured parts and assemblies.

Xometry’s innovative platform empowers manufacturing service providers, enabling them to expand their businesses. Catering to a diverse range of buyers, from self-funded startups to Fortune 100 companies, Xometry offers an online quoting portal and a vast network of manufacturing facilities. This ensures rapid lead times and a wide range of capabilities, including CNC Machining, 3D Printing, Injection Molding, Sheet Metal Fabrication, Sheet Cutting, and Casting.

Software Development United States

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BE

global everything shortage

READY

LIVE WEBINAR

Looking Forward: Deciding On The Next Cloud Procurement Solution For Your Organization In this Global SAP webinar, Etosha Thurman (Chief Marketing and Solutions Officer, SAP) and guest speaker Patrick Reymann (Research Director, IDC) will share various perspectives such as how Machine Learning (ML) and Artificial Intelligence (AI) will help procurement solve problems. Anyone who registers will receive a complimentary copy of IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procurement Applications 2023 Vendor Assessment.

Speakers Etosha Thurman Chief Marketing and Solutions Officer - SAP

Overview Looking Forward: Deciding on the Next Cloud Procurement Solution for Your Organization Wednesday, September 27, 2023 4 pm BST | 11 am EST | 8 am PST

Register now

Patrick Reymann Research Director - IDC

TOP 100 COMPANIES

64

Sovos Founded in 1979

CEO: Kevin Akeroyd p / tw s:m w n w ik le n .i. c o /d h p t/so :vo co s.m h c m / soo vp oan sy /

Sovos is a leading tax technology company, and recognises the transformative power of digital technology in the business world and impact on tax.

Their comprehensive solution, the Sovos Intelligent Compliance Cloud, combines tax determination, e-invoicing compliance, and tax reporting on the secure and scalable S1 Platform. This allows their customers to adapt to regulatory changes, access crucial data, and adopt a global approach to tax.

Sovos’ Intelligent Compliance Cloud reduces the burdens and risks of modern tax, covering various transactional tax regulations such as global tax determination and reporting, electronic invoicing compliance, electronic signature and archiving compliance, tax information reporting, automatic exchange of information automation, and beverage alcohol and regulated goods compliance.

Software Development United States

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2023

63

Tipalti Founded in 2010

CEO: Chen Amit h p / tm w s:w n w ik le d n .ia it.a hp t/ sp c :ito .aitm l c o / com / p p n iy / lt

Tipalti is a comprehensive global payables automation solution that simplifies the entire accounts payable and payment management workflow on a unified cloud platform. It provides seamless management of supplier payments, addressing various aspects such as supplier onboarding, tax compliance, invoice processing, global payments in multiple currencies and methods, communication of payment statuses, and payment reconciliation. By leveraging Tipalti, forward-thinking businesses can reduce their supplier payment workload by up to 80%, enabling efficient scaling and global expansion.

It enhances financial and compliance controls while improving the payment experience for partners. They collaborate with more than 1500 companies, and help to elevate the efficiency of global supplier payments operations.

Software Development United States

TOP 100 COMPANIES

62

TransferMate Founded in 2009

CEO: Sinead Fitzmaurice h p / tw s:m w ik le n .i. c o /d h a / rp n te s:m rfco a etm . ra c m pn aw n / to n e sfrm ae ty /

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Spendesk Founded in 2016

CEO: Rodolphe Ardant p / tw s:m w n w ik le n .i. c o /d / h sp te s:nde co sk m . h c o m p / sp end ea sn ky /

TransferMate is a global B2B payments technology firm that specialises in facilitating fast and

Spendesk is a comprehensive spend management

seamless cross-border payments for companies.

platform that provides complete visibility into

It has established itself as one of the key players

company spend. Offering a 7-in-1 solution,

in the industry, boasting an extensive range of

Spendesk combines corporate cards, invoice

payment licences across the globe. With licences

payments, expense reimbursements, budgets,

covering 51 US states and territories, TransferMate

approval, reporting, compliance, and pre-

supports trading activities in 162 countries and

accounting in a single, scalable platform. Trusted

134 currencies. Prominent financial institutions,

by businesses from startups to established brands,

fintech companies, and software providers

Spendesk is designed to optimise time and

choose to collaborate with TransferMate, using its

cost efficiency throughout the entire spending

expertise to deliver an enhanced user experience

process. It achieves this through 100% visibility,

for their business clientele. By using TransferMate’s

integrated automation, and an easily adoptable

technology and global banking infrastructure,

approval process. Businesses utilising Spendesk

organisations gain access to competitive

empower each employee to take responsibility

exchange rates, increased transparency, and

for the company’s financial well-being.

streamlined reconciliation processes.

Financial Services

Technology, Information and Internet United Kingdom

Ireland

PROCUREMENTMAG.COM 29

TOP 100 COMPANIES

60

Suppeco Founded in 2018

CEO: Sheldon Mydat h p / tw s:m w n w ik le n .i. o /d / h p su ts:ppecom . c m / sco u ppp ea cn oy /

London based Suppeco is a collaborative relationship platform for the customer-supplier ecosystem.

Suppeco was founded in 2017 and leverages customer-supplier relationships to drive service excellence, actionable visibility, and operational sustainability, whilst promoting innovation and growth across the ecosystem and supply chain.

Their customers appreciate the importance of going

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exponential value through the top line. The goal is

AvidXchange

to create a truly reciprocal relationship, exploring

Founded in 2000

beyond contract performance. They seek to drive

trust, values innovation, enhanced collaboration, shared responsibilities and thought leadership.

They say their mission is to enable businesses to create lasting and trusted, sustainable relationships, built to innovate and grow.

Software Development United Kingdom

CEO: Michael Praeger p / tw s:m w w ik le d n .i. c o / / h d a p v tix s:chan cg o e m . h c o pn an n / ad vim xch an g e-iy c / -

AvidXchange specialises in offering AP automation software and payment solutions to middle market businesses and their suppliers. They prioritise innovation and attribute it to their greatest asset: their team members. The company consists of driven entrepreneurs who thrive on innovation and success, driven by their commitment to serving customers. AvidXchange was founded in Charlotte, North Carolina in 2000 and has grown into a public company in 2021. They now help 8000 North American companies cut costs, increase efficiencies and improve visibility. They have also earned the trust of 965,000 suppliers paid through the AvidPay Network in the last five years.

Software Development United States

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2023

TOP 100 COMPANIES

58

Proxima Founded in 1994

CEO: Gareth Evans h p / tw s:w n w ik ly e d n .i. h / to w :im w w o / p ro m x ago ru co m n / cp /p.. c p o rm xim ap g -o ra u p /

Founded in 1994, Proxima is a world-leading procurement and supply chain consultant that works alongside some of the largest and most successful businesses to help them spend money wisely and deliver purposeful and profitable change.

Offering an extensive suite of procurement consulting services focused on cost optimisation, organisational transformation, supply chain sustainability, and decarbonisation, Proxima is part of Bain & Company – a leading management consultancy. Together the two deliver integrated end-to-end procurement, supply chain, and supply chain sustainability offerings through experienced specialists immersed in businesses, and accelerating outcomes.

Proxima provides everything from assessments, through to strategy and transformation as one off assignments or ‘as a service’ solutions.

Business Consulting and Services United Kingdom

57

Corcentric Founded in 1998

CEO: Douglas W. Clark p / tm w s:m w w iy k lc e n .irit. h p / tcso :c re co n .im rt h co o / c pan n / co / red n

Corcentric is a leading global provider of procurement and finance solutions. They offer a combination of technology and payment solutions complemented by robust advisory and managed services. Corcentric help procurement and finance business leaders by forming a strategic partnership to diagnose pain points and deliver tailor-made solutions for their unique challenges. Originally founded in 1996 and based in Cherry Hill, New Jersey, they approach their partnerships believing all businesses are one-of-a-kind, and they work with clients to design tailor-made solutions.

From source-to-pay to order-to-cash to fleet management, they provide partners with expert advisory and managed services with industryleading software that enables them to focus on value creation while improving working capital.

Software Development United States

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TOP 100 COMPANIES

55

Inverto Founded in 2000

CEO: Daniel Weise h p / tw s:m w ik ly e d n .i. h / tw s:m ww ni/ ve o .tr. nc o / cp o o pn aw n / ic v e o trm g -m b h /

Founded in 2000, Inverto is a BCG company and specialist in procurement and supply chain management consulting. Inverto has 400 employees and more than 20 years of expertise and experience in the world of procurement and supply chain. The consultant offers

56

C2FO Founded in 2008

tailored, industry-specific strategies, consistent implementation, and measurable results.

Identifying and realising the potential for cost reduction and process optimisation for its clients and supporting the transformation of

CEO: Alexander C Kemper

procurement, Inverto works with companies to

h p / tm w s:m w w iy k le n .i. hp t/c s:2c o f.m c o / co pan n / co 2 / fd

procurement to help them remain competitive.

Believing that all businesses should have access to the capital they need to fuel innovation, business prosperity, and economic growth, C2FO is the world’s on-demand working capital platform. C2FO provides fast, flexible, and equitable access to lowcost capital to two million businesses worldwide.

Utilising C2FO’s Name Your Rate technology and a suite of working capital solutions, companies can gain access to funds sooner unlocking billions in riskfree capital. C2FO’s mission is to ensure that every business has the capital it needs to thrive and deliver more than US$275bn in funding around the world.

Founded in 2008, C2FO is headquartered in Kansas City with global offices all working to build a better and more inclusive financial system. C2FO invented on-demand working capital as a way to unlock the trillions of dollars in cash tied up in lengthy payment cycles.

Financial Services United States

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2023

develop strategies, increase efficiency and digitise

Inverto has 12 locations in 10 countries and works with a variety of international clients, leading medium-sized companies, and some of the world’s leading private equity firms.

Business Consulting and Services Germany

TOP 100 COMPANIES

53

Agora Founded in 2013

CEO: Konstantin Trofimov and Vladimir Makarov p / tw s:m w n ik le d n .i. c o / / w p h t:sww o / a e g in o k t.a / -u rl/ s h c a-w n / ao gm oraa -lp bn icy /

Founded in 2014, Agora is a leading real-time engagement (RTE) platform. Agora’s mission is to make RTE ubiquitous, allowing everyone to interact with anyone in any app, anytime, anywhere.

54

Airbase Founded in 2017

CEO: Thejo Kote h p / tm w s:m w n in k lc e n .i. h p t/b ra s:iac se o .m c o / co pan b rw y / asie /d

Headquartered in San Francisco, California, Airbase is a leading modern spend management platform founded in 2017. Typically it works with businesses that are 100-5,000 in size and is the best way to control spend, close the books faster, and manage financial risk.

Being a pioneer in real-time video and voice solutions, Agora provides developers with simple, flexible, and powerful APIs, to embed real-time voice, video, interactive streaming, chat, and artificial intelligence (AI) capabilities into their applications.

Providing round-the-clock support to thousands of customers in over 100 countries, Agora is headquartered in Santa Clara, California. It is a customer-centric company driven by results and fostering an environment that values teamwork, mindful communication, and excellence.

Software Development United States

Combining accounts payable automation, expense management, and corporate cards, Airbase guides procurement for all purchases from initial requests through to payment and reconciliation.

Leading the spend management category with its solutions, Airbase provides support for complex workflows, payments, and accounting for all nonpayroll spend. As a pioneer, Airbase continues to expand its service offerings with a relentless commitment to innovation and excellence.

Software Development United States

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TOP 100 COMPANIES

52

Achilles Founded in 1990

CEO: Paul Stanley p / tw s:m w n w ik le n .i. c /d Hom coe m s.l/ a -c p lh t:si h c m p / a eo c ls-g h lo o rium p i-la e tn d iy /

For more than 30 years, Achilles has been protecting organisations’ business interests and reputations by providing unrivalled levels of supply chain transparency and carbon reduction and management. Founded in 1990, Achilles is a partner of choice when it comes to environmental, social and governance (ESG) and carbon management.

Specifically, Achilles specialises in supporting customers that require robust ESG reporting to fully comply with regulation, meet investor requirements and achieve their own ambitious sustainability goals.

Achilles operates in 17 locations around the world and is leading the charge when it comes to the battle against climate change, championing social justice and human rights, and is an expert on health, safety, and risk management.

Information Services United States

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Kofax Founded in 1985

CEO: Reynolds C. Bish h p / tw s:m w w ik ly e n .i. o /d h p / tk s:o a cfx o.m c co m pn a n / k ofa x /

Founded in 1985, Kofax has been digitally transforming information-intensive workflows.

Delivering its software and solutions through direct sales, services organisations, and more than 650 indirect channel partners and integrators, Kofax provides a rapid return on investment (ROI) to more than 25,000 customers.

Kofax currently operates in more than 60 countries in the Americas, EMEA, and APAC for those in financial services, insurance, government, healthcare, supply chain, and business process outsourcing.

Developing an intelligent automation platform, Kofax helps organisations to transform information-intensive business processes; reduce manual work and errors; minimise costs; and improve customer engagement.

Software Development United States

TOP 100 COMPANIES

50

The Smart Cube Founded in 2003

49

Rimini Street Founded in 2005

CEO: Seth Ravin

CEO: Gautam Singh

h p / tm w s:m w n w ik n .ii. h p m / tirs:n se rc tio e.tm c o / co pa n m y / ie rle / stn -d

h p / tw s:m w n w ik ly e n .i. t/ :m w c o /d h th e ssw m acrtuw b p n / cp o /e.. h tco esm -m -a cu trab e /

Headquartered in Las Vegas, Rimini Street is a global provider of end-to-end enterprise software

Founded in 2003, The Smart Cube

support, products and services. With operations

(a WNS company), is a trusted partner for

globally, Rimini Street offers a comprehensive

leading businesses around the world for high

family of unified solutions to run, manage and

performing intelligence that answers critical

support; customise; configure; connect; protect;

business questions. Working with its clients

monitor; and optimise enterprise applications,

The Smart Cube explores how to implement

databases, and technology software.

these answers, faster, through custom research, advanced analytics and best of breed technology – enabling smart decision-making to improve business performance at the top and bottom line.

Together with WNS Denali, The Smart Cube delivers world-class solutions in procurement and supply chain advisory, managed services and digital transformation. It combines expert resources with leading technologies, merging human and artificial intelligence to deliver innovative solutions.

Business Consulting and Services United Kingdom

Clients such as Oracle and SAP utilise Rimini Street to achieve better business outcomes, significantly reduce costs and reallocate resources for innovation.

Founded in 2005, Rimini Street reinvented enterprise software support to deliver a better experience and save money and it hasn’t stopped since. The company continues to innovate with end-to-end IT service, to extract the greatest value for its clients.

IT Services and IT Consulting United States

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TOP 100 COMPANIES

48

Navan Founded in 2015

CEO: Ariel Cohen h p / tw s:m w w ik ly e n .i. o /d h p / tn s:avac n o.m c co m pn a n / n ava n /

Navan – formerly known as TripAction – was founded in 2015, it is an ‘all-in-one super app’ that makes travel and corporate finance easier.

Built on its founding principles that software should enable human connection; help businesses run operations efficiently and make better decisions; and meet the needs of users based on modern standards and expectations, Navan is reinventing this legacy category.

By utilising cloud, mobile, AI, and data science Navan has adopted a technology-first approach to help balance business needs with today’s modern standards. Currently, Navan has over

47

HICX Founded in 2004

CEO: Costas Xyloyiannis p / tm w s:m w n w i/ k le n .i. hp t/sh :cx io .m h co o / c pan y c h x / id

2,900 employees in 40 markets, providing regional inventory, local language support, and other

HICX believes in the critical role suppliers play

capabilities to meet the needs of its global clients.

in driving incremental value for companies. To

Software Development United States

allow seamless supplier relationships they have developed the world’s first Supplier Experience Platform. Organisations with a vast supplier bases can unlock the full potential of their investments in procurement suites and solutions throughout the supplier lifecycle. This approach allows companies to establish themselves as the preferred customer for their suppliers, enabling enhanced access to supplier innovation and products, especially during periods of constraint. With over 15 years of experience, HICX has successfully delivered supplier data and information management solutions to major organisations operating in highly regulated industries such as CPG, energy, manufacturing, aerospace, and defence.

Software Development United Kingdom

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2023

TOP 100 COMPANIES

46

EcoVadis Founded in 2007

CEO: Pierre-François Thaler and Frédéric Trinel p / tw s:m w n w ik le d n .i. c o / h p / tesc :ovc ao d s.m i h c m n eoc ovp aa d sy i/ /

Founded in 2007, EcoVadis has quickly risen to be the world’s most trusted provider of business sustainability ratings. From global supply chains to financial institutions and public organisations, EcoVadis is relied upon to monitor and improve the sustainability performance of its business and trading partners.

EcoVadis is backed by a powerful technology platform and evidence-based ratings validated by a global team of experts. Its services are adaptable to more than 200 industry categories, 160 countries, and companies of all sizes.

Ecovadis provides industries and organisations with scorecards providing benchmarks, insights, and improvement guides for environmental, social, and ethical practices.

Information Services France

45

Scanmarket Founded in 1999

CEO: Betina Nygaard h p / tw s:m w w ik ly e d n .i. o / / sch p an t:sm co a k rm e .t c pn a / scco am n m an k re / t

Scanmarket is a prominent source-to-contract (S2C) software provider renowned for its intuitive design and cutting-edge functionalities. With a deep understanding of the requirements of procurement, legal, and finance professionals, Scanmarket offers a comprehensive S2C solution.

This solution encompasses strategic sourcing, contract lifecycle management, and thirdparty risk management applications, enabling organisations to streamline their procurement processes effectively. At Scanmarket, customer success is paramount, and they take pride in providing exceptional support to ensure user adoption. With a team of experts readily available, Founded in 1999, Scanmarket is committed to empowering their clients and driving the success of their S2C initiatives. The design and robust features of Scanmarket’s software make it a trusted choice for procurement professionals worldwide.

Software Development Denmark

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TOP 100 COMPANIES

43

McKinsey & Company Founded in 1926

CEO: Bob Sternfels h p / tw s:m w n w ik ly e n .i. h p / tw :c w o /d m n k o sie m y .w /. c co m p / m ck n ia sn ey /

As trusted advisors to the world’s leading businesses, governments, and institutions, McKinsey & Co. – founded in 1926 – has been consulting the private, public, and social sectors for almost 100 years. The consultant’s scale,

44

Scoutbee Founded in 2015

scope, and knowledge allows it to address problems no one else can. Boasting not only deep functional and industry expertise, McKinsey & Co. also has a breadth of geographical reach and a passion for solving the immense challenges that matter to its clients.

CEO: Gregor Stühler

Working with its clients as it does with its

p / tw s:m w n w ik le n .i. c o /d h / p scto s:u b tc e om ./ h c m / so co ub tpa en ey /

and leadership skills at every level and every

colleagues, McKinsey & Co. builds capabilities opportunity to build strong foundations and

Scoutbee drives better business outcomes by

internal support, as well as get to the real issues

giving companies the actionable insights they

and reach practical recommendations.

need to perfect their supply base and advance strategic initiatives, such as risk management,

Business Consulting and Services

ESG, and innovation. The Scoutbee Intelligence

United States

Platform (SIP) uses graph technology and predictive and prescriptive analytics to deliver holistic supplier visibility that helps procurement make confident supplier decisions, drive crossfunctional efficiency, and optimise their existing technology investments. Scoutbee’s AI-powered data foundation connects teams to any data point – internal, external, third-party, and more – and any data combination necessary to orchestrate a resilient, competitive, and sustainable supply base.

Software Development Germany

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2023

TOP 100 COMPANIES

41

Medius Founded in 2001

CEO: Jim Lucier p / tw s:m w n ik ly e d n .i. h p t/sw :ec w c o / m u d om is.w /. h c o m aiw n m ep du s/ /

Medius pride themselves in going beyond automation to deliver AI-driven autonomous accounts payable. Their platform eliminates the hassle of managing accounts payable by seamlessly connecting invoice capture, processing, and

42

Sievo Founded in 2003

payment. With advanced automation powered by artificial intelligence, Medius streamlines the entire AP workflow, ensuring invoices are accurately coded, approved, and paid. This enables customers to experience peace of mind and allows businesses to rely on reliable

CEO: Sammeli Sammalkorpi

budgets and forecasts. Medius currently supports

p / tm w s:m w n w iisk n .i. h p t/ esv i:c o.m/ h co o /d c pan e v o y / o -le y /

processes $180 billion in annual spend through

over 4,000 customers in 102 countries, and its system. By offering a comprehensive solution,

Helsinki based Sievo are a provider of procurement

Medius helps to revolutionise AP management

analytics solutions, and is renowned for

and empowers organisations worldwide to

empowering data-driven enterprises. Their

optimise their financial operations efficiently.

offerings combine spend management software, services, and value-added content. Sievo’s SaaS procurement analytics solutions encompass Spend

Software Development Sweden

Analysis, Savings Lifecycle, Contract Analytics, Materials Forecasting, and CO2 Analytics. With expertise in harnessing diverse procurement data sources, Sievo excels in translating this data into business value that directly impacts the bottom line. Their software extracts, classifies, and enriches data, providing spend visibility for some of the world’s largest and most intricate procurement organisations. By enabling procurement to go beyond spend tracking, Sievo’s solutions facilitate realised savings management, contract lifecycle management, and profitability forecasting.

Software Development Finland

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TOP 100 COMPANIES

40

Tradeshift Founded in 2010

CEO: Christian Lanng p / tm w s:m w n w ik lte n .sh h p / tra ts:d ce os.th m fi/ h co o /e c pa n a y / rd / td fi.i

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Kodiak Hub Founded in 2016

CEO: Malin Schmidt h p / tw s:m w n ik ly e d n .i. h t/ sw :d w w c o / kp o a ik hu o m p aw n / c o m /b.. c k o d ak i-h u b /

Kodiak Hub is a leading cloud-based Supplier Cloud-based supply chain platform

Relationship Management (SRM) platform designed

Tradeshift transforms the way B2B buyers

to empower global procurement and sourcing

and suppliers connect, transact and grow.

teams. With a focus on intelligent purchasing and

In 2005, three Danish entrepreneurs had an ambition to connect every business on the planet.

The Danish National IT and Telecom Agency asked them to create an e-invoice network, but they saw potential for something better. Tradeshift was born, with a goal of an open business platform for everyone in the world – not just Europeans. Now, Tradeshift has transformed how businesses work together with its simple and yet efficient tools.

As a result, 95% of Danish businesses use Tradeshift.

IT Services and IT Consulting United States

fostering sustainable supplier relationships, Kodiak Hub offers a comprehensive suite of modular solutions. This allows teams to seamlessly integrate and leverage various tools for capturing supplier data, identifying supply chain risks, managing contracts and categories, handling documents and products, ensuring supply chain compliance through assessments and audits, evaluating and enhancing supplier performance, and driving innovation between buyers and suppliers. Kodiak Hub’s user-friendly approach facilitates smarter buying decisions and facilitates the development of long-lasting partnerships with suppliers.

Information Technology and Services Sweden

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2023

TOP 100 COMPANIES

38

SirionLabs Founded in 2012

CEO: Ajay Agrawal

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Conga Founded in 2006

CEO: Noel Goggin p / tw s:m w n w ik le n .i. c o /d h / p c to s:ng co a.m/ h c m / coo np gan ay /

h p / tm w s:m w n w n .i. h p / tw s:wo w i/ rn a si. c o / co p o a n ia rik b y / llsie /d

Founded in 2006, Conga is dedicated to Ironclad is one of the world’s top Contract Lifecycle Management (CLM) platforms, and empowers companies to digitise their contracts seamlessly.

With a user-friendly interface and advanced AI capabilities, Ironclad offers a comprehensive solution for creating and collaborating on contracts. By streamlining contract management

removing complexities in an increasingly complex world. Its revenue lifecycle management solution transforms unique complexities in order configuration, execution, fulfilment, and contract renewal processes into a single critical insights data model that can adapt to changing business requirements to align the

processes, Ironclad eliminates operational

understanding and efforts of every team.

bottlenecks and saves companies millions of

Operating globally across North America, Europe,

dollars. Companies all over the world rely on Ironclad to enhance collaboration, negotiation, and contract acceleration while ensuring compliance. The platform accommodates various contract workflows, ranging from sales agreements and HR agreements to complex NDAs. The company was first founded in 2014 and is headquartered in San Francisco, California.

and Asia, Conga is a passionate problem solver taking pride in conquering complexities. Born through the aggregation of Conga – founded to prove what is possible in the space of digital documentation – and Apttus – founded to provide quote-to-cash (QTC) solutions – the two combined are solving revenue lifecycles challenges for customers big or small.

Software Development

Software Development

United States

United States

PROCUREMENTMAG.COM 41

The World’s Fastest Growing Procurement & Supply Chain Event 26 - 27 September 2023 Business Design Centre, London

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TOP 100 COMPANIES

36

Kissflow Founded in 2012

CEO: Suresh Sambandam h p / tm w s:m w n ik le n .i. h p / to k ls:w fico.m/ c o / co pa o n w lw y / sfk / id

Empowering business leaders, Kissflow – founded in 2012 – believes that the most powerful solutions are the simple ones. In an increasingly complex world, the simplicity of its products, processes and performance is what makes the company stand out.

Knowing that those closest to the problem are the ones who can solve it the best, Kissflow’s pioneering digital workplace solutions empower organisations to manage their work on a unified platform.

Kissflow’s CEO and Founder Suresh Sambandam is passionate about entrepreneurship and technology startups, he dedicates a significant amount of his time to mentoring young companies. His vision to democratise cuttingedge technologies and build world-class platform products is what led to the founding of Kissflow.

Software Development India

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Appian Corporation Founded in 1999

CEO: Matthew Calkins h p / tw s:m w n w ik le n .i. h p t/p sw :n ww o /d ap a c io.m /. c co m p n / a p p an i-co p ra o a n rity /

Founded in 1999, Appian is a software company that automates business processes for its users.

Including everything you need to design, automate, and optimise even some of the most complex processes from start to finish, Appian Corporation is trusted by some of the world’s most innovative organisations to improve their workflows, unify data, and optimise operations. The result – better growth and superior customer experiences.

Founded on the belief that talented and passionate people – when given the power and autonomy to excel – will deliver amazing results, Appian Corporation is committed to developing the right culture to sustain innovation and value. Appian today builds apps and workflows rapidly and with low-code automation to combine people, technologies and data in a single platform to maximise resources and improve business results.

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TOP 100 COMPANIES

34

Icertis Founded in 2009

CEO: Samir Bodas h p / tw s:m w n in k le d n / h p w ts:w cosm .cw e itri./ c o / co m p aw y s/ ce i.rti.

Committed to transforming the foundations of commerce to create a better world, Icertis is empowering companies to realise the full potential and high purpose of every contract to build trust, strengthen bonds, and create better worlds.

As companies battle increasing complexity and uncertainty, those that want to stay at the forefront

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are embracing these challenges and thinking

Epicor

differently about contracts with help from Icertis.

Founded in 1972

Driven by its core values, Icertis has a bold vision, unrivalled expertise, and enduring commitment to contract intelligence with the help of powerful artificial intelligence (AI) tools.

Software Development United States

CEO: Steve Murphy h p / tm w s:m w w iy k e .i. h p / to w s:m ww ep c.o i.r c o /d c / co pan n / elc p o / rin

Founded in 1972, Epicor for more than 50 years has been the support for companies to do business better. Epicor offers its users innovative solution sets that are carefully curated to fit the needs of its customers and built to respond flexibly to the fast-changing reality. Enabling thousands of businesses worldwide through its service offerings and unparalleled know-how, Epicor goes beyond enterprise resource planning, providing innovative and highly focused industry productivity solutions to track and streamline processes.

Epicor boasts its ability to accelerate every customer’s ambitions, whether it’s to grow and transform or to become more productive and effective.

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31

DocuSign Founded in 2003

CEO: Allan C. Thygesen p / tw s:w n w ik ly e d n .i. h p t/ :cu c o / d osw gsn iw cu o .kw /. h c o m n / d ocm up sga in /

DocuSign helps organisations connect and automate how they navigate their systems of agreement. Its flagship product, eSignature, is the world’s most used way to sign a document electronically on almost any device, from any

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online server. Headquartered in San Francisco, the company has over 1m customers, and over 100m users in markets across the globe.

Anaplan

All signatures processes with DocuSign are

Founded in 2006

eIDAS regulation, including EU Advanced and EU

compliant withthe US ESIGN Act and Europe’s

CEO: Charles E. Gottdiener

Qualified Signatures. Founded in 2003 by Court

p / tw s:m w n w ik ly e n .i. h p t/a sw :p ww c o /d a n ac n lo.m /. h c m p n / ao n ap a lan /

first began sales in 2005 when zipForm, now

Lorenzini, Tom Gonser, and Eric Ranft, DocuSign zipLogix, integrated DocuSign into its virtual real

As a leading provider of enterprise cloud

estate forms. More recently, in 2022, DocuSign

software, Anaplan empowers organisations to

announced Allan Thygesen as its new CEO.

see, plan, and lead better business outcomes.

With its connected planning platform, Anaplan

Software Development

is striving to build a future where connected

United States

leaders and teams are able to constantly adapt, transform and reinvent their businesses.

Enabling leaders to align their strategic objectives and resources, Anaplan helps businesses to make bolder decisions and drive fast results by making it possible to share actionable insights, and drive innovation. Leaders can model complex scenarios, forecast continuously with added intelligence, and make agile decisions confidently.

Anaplan is also dedicated to fostering a culture of inclusivity and accountability.

Software Development United States

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TOP 100 COMPANIES

29

Wipro Founded in 1945

CEO: Thierry Delaporte h p / tw s:m w n w ik ly e d n .i. h p t/ sw :ic ww o / w p ro.m /. c co m n / w p ip rao /

Wipro is a leading technology services and consulting company focused on building innovative solutions that address its clients’ most complex digital transformation needs.

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Gartner Founded in 1979

CEO: Eugene A. Hall p / tm w s:m w n w ig k ltre .i. h / tw s:m ww g a n .tre .r h co o / cp o / c pan y / n a / ed rn

Gartner’s expert guidance and tools enable faster, smarter decisions and stronger performance on an organisation’s mission-critical priorities.

Wipro uses a mix of digital technologies to establish an automated, streamlined, and resilient digital-first procurement process. Its procurement solution helps mitigate challenges by simulating supply exception scenarios and offering resolutions that can be rapidly operationalised.

The solution leverages automation to significantly reduce time spent on supply chain analysis and help planners model scenarios that analyse impact on orders. The solution can be deployed rapidly to help organisations improve planning, supplier risk assessment and order fulfillment.

As a $5 billion company, with over 19,500

IT Services

associates, and a member of the S&P 500,

India

Gartner is an objective partner with 15,000+ client enterprises in more than 100 countries.

Gartner can help clients establish a longterm digital strategy for procurement to make smart decisions about immediate technology investments. It can also assist clients in practicing strategic sourcing and developing procurement talent.

Gartner also provides procurement and operations leaders with the indispensable insights, advice and tools needed to achieve their mission-critical priorities and drive value for their business.

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28

PwC Founded in 1998

CEO: Robert E. Moritz h p / tw s:m w n w ik le n .i. o /d pw co / p m c h .w t:sco -m c. c co m / p wpa cny /

With offices in 152 countries and almost 328,000 people, PwC is among the leading professional services networks in the world.

By uniting people and technology, PwC helps clients identify and unlock opportunities that create value and transform how they do business: harnessing advanced analytics, creating new operating models and finding new ways to manage third-party expenditures.

PwC can help clients implement S2P technology and process transformation, and also offers Procurement-On-Demand. Through its Procurement Protect programme, PwC can help in the detection of procurement fraud, error and non-compliance, using sophisticated analysis to examine data from major ERP systems, identifying anomalies in behaviour and events.

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27

Pegasystems Founded in 1983

CEO: Alan Trefler h p / tw s:m w ik ly e d n .i. h p t/ :ca ww o / p esw g o .m /. c co m pn aw n / p e gasye stm / s

For the past 30 years, Pega technology has empowered the world’s leading companies to achieve breakthrough results.

Pega provides a powerful low-code platform that builds agility into the world’s leading organisations so they can adapt to change. Clients use Pega’s AI-powered decisioning and workflow automation to solve their most pressing business challenges – from personalising engagement to automating service to streamlining operations.

Pega has worked with numerous companies including Vodafone and Mondelez to transform their procurement processes. Mondelez’s Buyer Central, powered by the Pega Platform, enables projects to be tracked across all systems, preventing duplicate entries of information and enabling buyers to quickly know which applications are relevant to them.

Software Development United States

TOP 100 COMPANIES

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25

Founded in 1981

Founded in 1997

p / tm w s:m w n w io k e n .i. / w p h t:sw c n o w m y sfi../ h co o / c pa n y / flisy /d

h p / tw s:m w ik le d n .i. h p / tn w :p w o / ge ca o c.m tw /. c co m pn aw n / g e np a cy / t

Infosys is a global leader in next-generation

Genpact is a global professional services

digital services and consulting, which

firm delivering business outcomes that

enables clients in more than 50 countries

transform industries and shape the future.

Infosys CEO: Salil Parekh

to navigate their digital transformation.

Genpact CEO: NV Tyagarajan

Genpact partners with the world’s most

With its business process management subsidiary

innovative companies to turn their biggest

Infosys BPM, Infosys has built capabilities across

challenges into opportunities, resilience, and

services and technology to partner with clients

growth – from creating hyper-connected

in their procurement transformation journey.

supply chains to transforming experiences

Infosys’ sourcing and procurement solutions are

for their customers and employees.

designed to provide access to advanced AI-based capabilities, enabling faster decision making.

Its sourcing and procurement team has over 18,000 experts delivering services to more than

Infosys extensively leverages design thinking

300 clients. Featured-connecting-procure-to-

during solution development, transition,

pay-to-boost-agility. Genpact’s solutions are

and stable state operations to better

founded on deep sourcing, category management,

understand and define its client’s underlying

and procurement expertise and powered with

needs for sourcing and procurement.

automation, analytics, and digital technologies.

IT Services

IT Services and IT Consulting

India

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24

Kearney Founded in 1926

CEO: Alex Liu p / tw s:m w w ik le n .i. h p t/ ww c o /d k e asw n r:ce o y.m /. h c o m pn a / k e arn en yy /

Kearney is a leading global management consulting firm with more than 5,300 people working in more than 40 countries. Its clients include more than three-quarters of the Fortune Global 500, as well as some of the most influential governmental and nonprofit organisations.

Helping clients solve the most intricate problems in procurement, Kearney helps organisations build

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resilient, sustainable supply chains. Its Product

Deloitte

Excellence and Renewal Lab helps clients find ways

Founded in 1845

to extract maximum value from their products at every point in the life cycle, while Cervello, Kearney’s advanced analytics nerve centre, can

CEO: Joe Ucuzoglu p / tw s:m w n w ik ld e d n .lii. com e.td o e il co -m e.t/ d o p h e til:s h co o / c m pa n y / e to e

help capture the true power of clients’ data, creating immediate impact and lasting advantage.

Management Consulting United States

With approximately 330,000 people in more than 150 countries and territories, Deloitte helps clients become leaders wherever they choose to compete.

Deloitte’s Sourcing and Procurement practice has a track record of tackling challenges in the world of procurement and enabling clients to deliver and sustain measurable and impactful results. With an end-to-end proposition portfolio covering diagnostics, strategy and operating model development, sourcing delivery, transformation and technology advisory, Deloitte supports clients’ aspirations by partnering to create and execute a tailored strategy through execution approaches that consider short versus longterm value trade-offs, knowledge transfer, culture change and capability building.

Business Consulting and Services United Kingdom

50

2023

TOP 100 COMPANIES

22

Basware Founded in 1985

CEO: Jason Kurtz h p / tw s:m w ik le n .i. / w p h t:sm w w b .n sw e r. c o /d co / e n e -ae /a co m pn aw n / h o m / b asw a rey /

Basware enables finance leaders in global enterprises to automate their complex, laborintensive invoice processes. Its AP automation and invoicing platform helps clients achieve a new level of efficiency – in a matter of months – while reducing errors and risks.

The company’s vision is to deliver true automation for the CFO’s team with a mission to make country compliance, digitisation of invoices, and touchless invoice processing all just happen for our customers.

Some of the world’s most efficient AP departments, at brands such as HP, Mercedes-

21

Globality Founded in 2015

CEO: Joel Hyatt h p / tw s:m w n w in k lg e d n .iail. / w h p t:sw com w y o .tgb li.al/ c o / co m pa n y / o itc -lb

Benz, and DHL, rely on Basware to handle over 170 million invoices per year, reducing the

In this new era of the Autonomous Enterprise,

time spent on AP processes by up to 60%.

Globality empowers leading global companies to

Information Technology and Services Finland

achieve substantial savings and better outcomes.

The market leader in offering next-generation autonomous sourcing technology built from the ground up leveraging sophisticated AI, Globality is a leader in autonomous procurement.

Using sophisticated AI, the platform creates precisely scoped requirements, identifies the most qualified suppliers, provides negotiation insights, and enables data-driven decisions.

Today, it serves companies across industries, including financial services, pharmaceutical and life sciences, consumer products, telecommunications, technology, and retail.

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19

The Hackett Group Founded in 1991

CEO: Ted A. Fernandez h p / tw s:w n ik ly e n .i. h t/ sw :am w w c o /d h tcp e h ck e g to ru c p aw n / o /p.. h to em h -acm k g -e to ru p /

The Hackett Group offers benchmarking, research advisory, and strategic consulting services. They assist organisations in achieving high-performance in the digital world. The company’s success stems

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from their vast intellectual property, which includes over 25,000 benchmark studies and a repository of best practices from leading global businesses.

Efficio

Their benchmarks cover 97% of the Dow Jones

Founded in 2000

DAX 40, and 52% of the FTSE 100. Leveraging their

Industrials, 93% of the Fortune 100, 73% of the

CEO: Jens Pedersen

benchmarking platform, Quantum Leap, and their

h / tw s:m w n w in k lce n .fi. / w p h t:w oco in ig w m f.su e tfl./ c o / cp o m p a o / y id e

digital transformations and help implement

Digital Transformation Platform, they facilitate enterprise cloud solutions. They have been running

For over two decades, Efficio has leveraged its extensive knowledge, hands-on approach,

since 1991 and are based in Miami, Florida.

global reach, and continuously advancing

Business Consulting and Services

technology to assist its clients in achieving their

United States

supply chain and procurement goals. Today, the company has established itself as the largest independent consultant in the industry.

Efficio combines the human intelligence and expertise of its consultants with the insights and information acquired through years of focused specialisation. Whether facilitating procurement excellence, resolving supply chain obstacles, or optimising expenditures – Efficio works closely with clients to navigate the fluctuations in the procurement and supply chain landscape.

Business Consulting and Services United Kingdom

52

2023

TOP 100 COMPANIES

17

KPMG Founded in 1987

CEO: William B. Thomas h p / tw s:m w ik le n .i. h p / tm w :co w o /d kp m g.w /. c co m pn aw n / k p m gy /

Built on more than 35 years of expertise, KPMG is a global network of professional firms providing audit, tax and advisory services. The consultant is helping organisations mitigate risks and grasp opportunities to drive positive and sustainable

18

Bain & Company Founded in 1973

CEO: Manny Maceda

change for clients, people and society.

KPMG is committed to quality and service excellence, providing its clients with the best, as well as leading with a commitment to quality and integrity. KPMG has a passion for client success and is driven by its purpose to serve and improve the communities it operates in.

p / tw s:m w n w ik e n h p / tw s:m ww b a .i. h c o /d c o /n c o m p a n / y n b a n -ily d -.i. c o m p a n /

“In a world where rapid change and

Bain & Company has over 500 procurement

normal, we inspire confidence and

professionals working across various sectors, supporting its global procurement practices.

Bain & Company has wide expertise in the procurement cycle, can offer end-to-end

unprecedented disruption are the new empower change in all we do” – KPMG. Accounting Canada

support and the ability to transform client’s operations. The company has built itself up using holistic, data-driven procurement solutions built on cutting-edge analytics.

In 2022, Bain & Company acquired Proxima, a UK-headquartered global leader in procurement and supply chain consulting. Using Proxima’s expertise alongside its proven track record has made Bain’s delivery of procurement and supply chain solutions to clients a lot smoother, as the company navigates new challenges.

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16

Capgemini Founded in 1967

CEO: Aiman Ezzat h p / tw s:m w ik ly e d n .i. c a p em m i.i c o / co m / ca p h t:sg -g em co .nin co pn aw n / c am p gem n / i

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ServiceNow Founded in 2004

CEO: Bill McDermott p / tw s:m w n ik ly e n .i. / tiw :w c o /d sh e cv rp n o cow m .w /. h c o p aw n / se rm v ce ino w /

Founded in 1967, Capgemini is a global leader in transforming and managing businesses through

ServiceNow is a leading digital workflow company,

the power of technology. Guided by its purpose

which is working hard to ‘make the world work

of ‘unleashing human energy through technology

better for everyone’, with its procurement

for an inclusive and sustainable future’, Capgemini

practices. ServiceNow’s procurement service

is a responsible and diverse organisation built on

management solution helps industries

55 years of heritage and deep industry expertise.

transform their procurement function with

Trusted by its clients, Capgemini addresses the entire breadth of business needs from strategy and design to operations. Capgemini is fueled by the fast-evolving and innovative world of cloud, data, AI, connectivity, software,

the help of self-service and automation, which helps leaders in this space to digitally transform their operations, redirect resources for more strategic activities, improve supplier collaboration and generate faster delivery times.

digital engineering, and platforms, to help drive

ServiceNow’s single procurement service

value in three key areas: customer experience,

management platform allows organisations

intelligent industry, and enterprise management.

to manage the complete procurement

In doing this Capgemini helps clients to

lifecycle with one central system.

embrace key technologies to improve their cybersecurity and environmental impact.

IT Services and IT Consulting France

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Computer Software United States

TOP 100 COMPANIES

14 EY

Founded in 1989

CEO: Carmine Di Sibio p / tw s:m w n w ik ly e n .i. c /d coe m y . co -/ e m y p .h t:s h c o m p a n / e n ra so tnd yo u n g /

For more than 30 years, EY has been building a better working world by helping to create longterm value for clients, people, and society and build trust in capital markets. By harnessing

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Celonis Founded in 2011

CEO: Alex Rinke and Bastian Nominacher p / tm w s:m w n w iy k e n .ii. / w p h t:sw co w m ce s.n li./ h co o / c pa n / o cle / n sld

Founded in 2011, Celonis is a global leader in execution management. Its execution management system provides companies with a modern way to run their business process entirely on data and intelligence.

data and technology EY provides trust through

Pioneering the process mining category 10

assurance and helps its clients in over 150

years ago with the ability to automatically

countries to grow, transform, and operate.

X-ray processes and find inefficiencies, Celonis

Through its integrated service lines – assurance, consulting, strategy and transactions, and tax – combined with its deep sector

helps those in procurement mitigate supply risks, maximise purchasing power, and cut costs by centralising data across systems.

knowledge, EY helps clients to capitalise

Today, more than 600 of the world’s best-performing

on new opportunities, as well as assess and

procurement departments run on Celonis taking

manage risk to deliver responsible growth.

advantage of a unified central location for all data,

Professional Services United Kingdom

the ability to pinpoint critical process improvement opportunities, and improve day to day operations.

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12

Workday Founded in 2005

CEO: Carl M. Eschenbach h p / tw s:m w n ik ly e n .i. h p t/sw :k w o /d w o rd co a m y .w /. c co m aw n / w orkp d ay /

Founded in 2005, Workday is a leading provider of enterprise cloud applications for finance and human resources. Helping customers to adapt and thrive in a constantly changing world, workday helps customers to solve the greatest business challenges for spend management with analytics, artificial intelligence and machine learning at its core.

Providing real-time insights into all aspects of spending from a single system Workday offers collaborative tools for sourcing and supplier engagement that harness automation, spend analysis, and flexibility to reduce labour intensive tasks and provide contextual insights with

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Boston Consulting Group (BCG) Founded in 1963

critical information at the point of action.

CEO: Christoph Schweizer

Workday is used by more than 10,000

p / tw s:m w n w ik ly e n .i. c o /d / B w p h C t:sC m G -B w |n 6 e Y I0 b C e g lia srta w sG tp b co a cm ’g .t/ h c o m / b o stnc -o np g i-so u tra u ln p /

organisations around the world and across industries, from medium-sized businesses to more than 50% of the Fortune 500.

Computer Software United States

Dating back to 1963, Boston Consulting Group (BCG) is a partner of choice for leaders to tackle their most important challenges and capture their greatest opportunities. The pioneer in business strategy when it was founded, BCG today, works closely with clients to embrace transformation to empower organisations to grow, build a sustainable advantage, and drive positive societal impact.

With its diverse global team, BCG provides deep industry and function expertise as well as a range of perspectives to challenge the status quo and drive change. Through leadingedge management consulting, technology and design, and corporate and digital ventures, BCG works in a unique and collaborative way, fueled by its goal to help clients thrive and enable them to make the world a better place.

Management Consulting United States

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2023

The World’s Fastest Growing Procurement & Supply Chain Event 26 - 27 September 2023 Business Design Centre, London

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10

Accenture Founded in 1989

CEO: Julie Sweet h p / tw s:m w n w ik le n .i. o /d acen co u tm e / ra .c p h e tn :sco -u tm e r. c co / a cm cenp u tan rey /

Founded in 1989, Accenture is a global professional service company headquartered in Ireland. With leading expertise in digital, cloud and security, Accenture combines unmatched experience and specialised skills across more than 40 industries including procurement.

Helping clients to become the next and best versions of themselves, Accenture is dedicated to delivering on the promise of technology and human ingenuity.

into a source of competitive advantage. Accenture

By embracing the power of change Accenture is able

"Across the globe, one thing is universally true

to create value and shared success for its clients,

of the people of Accenture: We care deeply

people, shareholders, partners, and communities.

about what we do and the impact we have with

Helping leaders across finance, supply chain, and procurement Accenture helps to turn

helps organisations to deliver durable cost savings, improve compliance, mitigate risk, make better business decisions, build a responsible future, inspire the workforce, and be ready for what’s next.

Powered by SynOps, Accenture’s solutions include source-to-pay (S2P), source-to-contract (S2C), procure-to-pay (P2P), and rapid sourcing to drive end-to-end transformation across indirect and direct spend to achieve breakthrough value, while enabling talent with new ways of working.

our clients and communities. It is personal to all of us” – Julie Sweet, Chair and CEO.

procurement from an untapped strategic asset IT Services and IT Consulting

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Ireland

TOP 100 COMPANIES

IMAGE: AMAZON

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Amazon Business Founded in 2015

CEO: Alexandre Gagnon h p / tw s:m w n w ik ly e n .i. o /d / h p b ts:n u am e si. ao zu co n k ./ c co m n a m ao zp n b -an u e si/ /

Helping millions of customers worldwide, Amazon Business works with small businesses, schools, hospitals, nonprofits, governments, and large enterprises to reshape their procurement. Amazon Business helps its customers to generate cost and time savings, increase productivity, and drive insightful purchasing analytics.

certifications. Another useful certification is

Customers of Amazon Business benefit from convenient

Amazon Business is currently available in the United

shipping options on millions of supplies across

States, Canada, the United Kingdom, Germany,

categories like office, IT, janitorial, food service, and

France, Italy, Spain, Japan, and India. The company

professional medical supplies, as well as have access

is dedicated to simplifying the purchasing process,

to a variety of business-tailored features and benefits.

making it easier for customers to get the products

Amazon Business can also help customers to advance their sustainable commitments with a functionality for buyers to filter their search by its Climate Pledge

Amazon’s own Compact by Design label, which identifies items that have a more efficient design.

Procurement teams can also gain access to robust information regarding spend and the proportion of what has been spent on sustainability certifications. Organisations can therefore demonstrate their sustainability efforts.

they need, solving unmet and undiscovered needs, and continuously expanding its selection, adding relevant new tools and features.

Friendly label to seek out products with sustainability Software Development

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TOP 100 COMPANIES

8

Zycus Founded in 1998

CEO: Aatish Dedhia p / tw s:m w ik le d n .i. t/ sw :cso ww c o / zh yp cu .m /. h c m pn aw n / zoy cu sy /

Founded in 1998, Zycus is a pioneer in cognitive procurement software. A trusted partner for large global enterprises for two decades, Zycus is continuously recognised

by Gartner, Forrester and other analysts for its Source-to-Pay (S2P) integrated suite.

Helping its customers to do more with less with its cognitive S2P solutions, Zycus powers its solutions with the revolutionary Merlin AI Suite and prides itself on being the only organically built and seamlessly integrated solution.

Merlin AI builds on the company’s legacy experience in

flexible space for organisations to explore how robust AI can be when coupled with a secure platform, as well as the technology’s ability to drive actionable insights with the use of AI and documentation and simplify tasks. With this technology, organisations can shift their focus to more significant and strategic activities.

Four key AI solutions that can benefit procurement from Merlin AI include supplier risk radar, invoice reader, AP Smart Desk, and Insta Review. These unique solutions allow users to manage monotonous and mundane tasks with the help of technology, to free up time for more strategic goals.

AI, to provide leaders in procurement with the ability to work first-hand with game-changing innovations as part of the suite. Zycus’s Merlin Experience Centre offers a Software Development

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TOP 100 COMPANIES

IMAGE: IVALUA

7

Ivalua Founded in 2000

CEO: David Khuat-Duy h p / tm w s:m w n w iy k n .i. / w p h t:sw c u v o a w m li../ c o /d co pa n v u / allie /

Headquartered in Paris, Ivalua is a French cloud-based spend management software provider that believes in the digital transformation revolution for supply chain sustainability and resiliency to unlock the power of collaboration.

For almost 25 years, the company has been offering those in procurement and supply chain

Creating a single source of truth, Ivalua provides 360-degree spend and supplier visibility, end-to-end analytics, seamless and digitalised processes, consistent user experience, secure information sharing, automation, collaboration, and integrated project management.

Underpinning the culture at Ivalua is five core values: customer-centric, collaboration, resultsorientated, care and growing people, and integrity.

management a unified platform to empower

Ivalua’s current CEO is David Khuat-Duy who founded

effective management of spend and suppliers.

Ivalua in 2000. Khuat-Duy is a graduate of the

Ivalua’s holistic cloud platform helps businesses

Ecole Polytechnique with a Ph.D. in Mathematics,

to increase profitability, improve ESG performance,

and began his technology career at PwC as an SAP

lower risk, and improve employee productivity.

consultant. Under Khuat-Duy’s leadership Ivalua

Trusted by some of the world’s most admired brands and recognised as a global leader by industry analysts, Ivalua is ‘the backbone for strategic procurement’.

Software Development

has emerged as a leader in providing integrated, rapid implementation of global spend management solutions to the world’s largest brands.

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IMAGE: ORACLE

6

Oracle Founded in 1977

CEO: Safra Catz h p / tm w s:m w w iy k le e n .i. h / tl-w w :co w o / / cw o p h m e ta :.rp c w m e a .rcl.w /. c co pan n / o a / rcld

Founded in 1977, Oracle is a cloud technology company providing organisations around the world with computing infrastructure and software.

Through its technology, Oracle drives innovation, unlocks efficiencies and helps organisations become more effective.

“Our mission is to help people see data in new ways, discover insights, unlock endless possibilities.”

Providing high performance, security, and cost savings, Oracle has designed its solutions to make the management of workloads easy for businesses when it comes to on-premise and cloud solutions.

Driving innovation, sustainable growth, and resilience,

world of business but helping defend governments and advance scientific and medical research. Millions use Oracle to streamline supply chains, make HR more human, quickly pivot to a new financial plan, and connect data and people around the world.

Oracle’s Fusion Cloud Procurement offers those in the industry an integrated source-to-settle suite that automates business processes, enables strategic sourcing, improves supplier relationship management, and simplifies buying resulting in lower risk, improved savings and greater profitability.

Oracle is headquartered in Austin, Texas and is the creator of the world’s first – and only – autonomous database to help organise and secure customer data.

Oracle is dedicated to not only transforming the IT Services and IT Consulting

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TOP 100 COMPANIES

IMAGE: IBM

5

IBM Founded in 1991

CEO: Arvind Krishna p / tw s:m w ik ly e d n .i. h / p w to s:cu w b w im .n c o / c o / co n isg u t/ lt. h c m pn aw n / p rm e rm e io b m /

Founded in 1911, IBM is an international IT services and consulting company.

When it comes to procurement, IBM helps to accelerate the procurement transformation by providing greater access to powerful data, insights, and emerging technologies to empower teams.

IBM helps transform procurement with intelligent

IBM helps those in procurement to enhance processes

“How did we get to smart procurement in a company

and unlock exponential value by collaborating

with operations in more than 170 countries involving

with clients to create intelligent workflows that

more than 13,000 suppliers? We began, as so many

combine expertise, advanced technologies/and

companies do, by facing the hard facts. While we have

internal/external data sources in hybrid cloud.

historically done a good job in procurement, we realised

With end-to-end procurement workflows, procurement functions can work smarter and benefit from reduced operating costs, increased spend

workflows, real-time automation, agile operating models, AI, predictive analytics, strategic partnerships and risk-managed sourcing.

Core services that IBM provides the procurement industry include source-to-pay (S2P), digital procurement, and invoice-to-pay (I2P).

we needed to do a better job infusing digital intelligence, cloud, and more into our procurement operations” – Bob Murphy, Chief Procurement Officer, IBM.

savings, and improve stakeholder satisfaction.

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TOP 100 COMPANIES

IMAGE: GEP SMART

4

GEP Founded in 1999

CEO: Dr. Subhash Makhija h p / tw s:m w n w ik ly e d n .i. h p / te w s:p-w g e.p c o / co m / w so tfw ae r/ m p n g sm a rt. c go ep w -d o lw rad ie/ /

Founded in 1999, GEP is a leading provider of Source-to-Pay (S2P) solutions for indirect and direct procurement. Delivering transformative supply chain solutions to help global enterprises become more agile, resilient and efficient, as well as gain a competitive advantage, boost profitability, and increase shareholder value, GEP offers fresh thinking and innovative products for its users. Combining GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ customers can benefit from unprecedented scale, power, and effectiveness.

Being a leader in multiple Gartner Magic Quadrants,

Built for procurement professionals by procurement experts, GEP’s software drives greater efficiency and performance with a comprehensive solution for direct and indirect procurement to streamline and automate all source-to-pay process. GEP solutions unify upstream sourcing and downstream procurement operations into one state-of-the-art cloud platform with a powerful set of capabilities. GEP’s current CEO is Dr. Subhash Makhija. Named Entrepreneur of the year by EY, Makhija’s career spans more than 20 years.

During his time at GEP he has led the company’s transformation to become a leading provider of supply chain solutions to global enterprises worldwide, and one of the fastest-growing firms in the industry.

GEP serves some of the world’s best companies include those on the Fortune 500 and Global 2000 lists.

Business Consulting and Services

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TOP 100 COMPANIES

IMAGE: JAGGAER

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3 JAGGAER Founded in 1995

CEO: Andy Hovancik p / tm w s:m w n w i/ k e .i. h / tw s:m ww ag jga .e .r h co o / cp o / c pan ag y jla / ed rn

A world leader in direct procurement, JAGGAER offers a unified solution for users to manage 100% of their spend with JAGGAER ONE. Founded in 1995, four friends – Scott Andrews, Bobby Feigler, Keith Gunter, and Peyton Anderson – understood the enormous potential that technology has for procurement.

Powering the autonomous revolution to reduce risk, improve resilience, increase operational efficiencies, and yield significant financial gains, JAGGAER is leading the charge to transform procurement

Today, more than US$500bn worth of goods flows frictionlessly through JAGGAER’s Enterprise Commerce Network each year, providing smartmatch recommendations, autonomous execution of repetitive, behind-the-scenes capabilities, and strategic value across the supply chain.

JAGGAER ONE is an all-in-one procurement software that acts as the foundation for all JAGGAER spend management solutions. The flexible and future ready solution helps users to manage data, processes and transactions in one platform, harnessing embedded intelligence.

from tactical purchasing to an automated self-

JAGGAER’s current CEO is Andy Hovancik, a

governing B2B commerce experience.

seasoned executive with proven success in leading

Designed to be N.I.C.E. JAGGAER ONE offers a Network of enterprise buyers, suppliers and partners; intelligence that utilises AI and machine learning; Comprehensive

international, rapid-growth SaaS solutions providers.

Prior to joining JAGGAER, Hovancik was CEO at Sovos Compliance for more than 10 years.

solutions to support unique needs; and Extensibility to explore and deploy complementary solutions.

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TOP 100 COMPANIES

IMAGE: COUPA

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TOP 100 COMPANIES

2 Coupa Founded in 2006

CEO: Rob Bernshteyn h p / tw s:m w n w ik ly e d n .i. h p t/ sw :p ww o / co u co a.m /. c co o m p c u pas-o w tfan ae r/ /

Founded in 2006, Coupa is the leading cloud platform provider for business spend management (BSM). The technology provider is dedicated to delivering business value for its customers through greater visibility and control to spend smarter and safer.

Adopting a Comprehensive approach to spend management, customers benefit form a unified platform where all spend can be seen in one place.

From strengthening supplier relationships to integrating leading technologies, Coupa is built on Openness when it comes to trust, transparency and trade.

To make it easy for every user to adopt, Coupa’s software works hard so you don’t have to, providing a User-centric approach that offers Prescriptive recommendations and Accelerated value wby increasing end-to-end efficiency.

Setting the pace of innovation for the industry and helping businesses deliver real and measurable value, Coupa is transforming the way businesses manage their spend. Coupa is doing this by co-creating new and unique capabilities that empower customers, partners and suppliers with increased visibility, actionable insights, and solutions to manage their spend.

“At Coupa, we don’t believe in ‘customer satisfaction’.

We believe in customer success. We don’t seek to make our customers feel satisfied (although it is nice when this happens) – we want to do everything in our power to make them actually successful in achieving their goals and satisfying their organisational missions.”

Charles Goodman, is the current Chairman and Interim CEO of Coupa. Goodman has more than 30 years of experience in building successful enterprise software businesses.

Coupa’s BSM software allows users to benefit from savings opportunities, supplier insights, optimised spend, and speedy transactions, for quicker decision making, greater agility, and faster time to value.

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TOP 100 COMPANIES

IMAGE: SAP

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TOP 100 COMPANIES

1 SAP Founded in 1972

CEO: Christian Klein p / tm w s:m w n w iy k lie n .i. h p / tse:b c rv a e iro a .m/ h co o /d c pa n b / a r/

With millions of companies connected to SAP Business Network, SAP remains the most popular businessto-business platform for procurement.

Its strict compliance culture means that only approved suppliers are searchable on its database, from simple to complex catalogue enablement capabilities, content normalisation, and fast, easy verification and upload times, makes it a top player in procurement platforms.

Due to its intuitiveness in comparison to many other procurement platforms, its high level of security, and the integration of some of the latest technology

SAP’s strategy is to help every business run as an intelligent, sustainable enterprise, and as a market leader in enterprise application software, SAP helps companies of all sizes and in all industries run at their best.

By utilising advanced technologies, machine learning, and the internet of things (IoT), SAP helps turn businesses into intelligent enterprises by providing people and organisations with deep business insights to foster collaboration.

Providing an end-to-end suite of applications and services enables businesses and public customers across 25 industries globally to be profitable, adaptable, and make a difference.

in automated processes, it is a clear winner in

SAP is committed to helping the world run better and

the world of digital procurement systems.

improve people’s live with the help of its global network

With more than $4.9tn in annual commerce flowing

of customers, partners, employees, and thought leaders.

through SAP Business Network annually, trust in the platform is growing in-line with the expansion of procurement transactions across the board.

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