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Procurement Technology: 6 Solutions You Should Know In 2024

Pipefy

From procure-to-pay software to spend management and analysis tools, procurement technologies are disrupting the status quo and bringing efficiency to teams like never before. Contract and compliance management. Unstandardized processes and lack of accountability allow maverick spending and unapproved spot purchases to snowball.

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13 Best Contract Management Software for the Mid-market

Procurement Software

SimpliContract SimpliContract is a SaaS-based, AI-powered end-to-end enterprise contract authoring and lifecycle management platform. You can use Contract Insight to manage everything from contracts (drafting, authorising, signing, and tracking), to compliance, workflows, vendor management, and risk governance.

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The 25 Hottest US Procurement Startups

Procurement Software

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application. FRDM FRDM is a software company specialising in supply chain risk management.

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JAGGAER Webinar with Accenture Strategy and Attijariwafa Bank Case Study: Accelerating Trust in Banking – Internal, Suppliers and Customers

Jaggaer

Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. Having visibility over spend data has provided a basis for achieving savings.

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What is Digital Procurement? Ultimate Guide to Procurement Transformation

Pipefy

Digitalization is no longer the leading edge of procurement innovation — it’s the new industry standard. Other motives for automating procurement include solving for high error rates, reducing manual work, and adding visibility to the different workflows and processes that fall under the procurement process umbrella. Order management.

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The 25 Hottest European Procurement Startups

Procurement Software

Despite a slowdown in funding and a cautious economic outlook, there’s plenty of innovation in this space. It also has an analytics system claiming to focus on risk management rather than retrospective troubleshooting. Spendkey is one of few spend analytics platforms which also offer transparent pricing on their website.

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Transforming Procurement with Spend Analysis Technology

Empowering CPO

It’s a delicate balancing act, where businesses must juggle quality, cost, supplier relationships, and risk management, all while keeping an eye on their bottom line. AI can enhance supplier selection, contract negotiation, and risk management, while blockchain can improve transparency and traceability in the supply chain.