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Q4 2023 Insider roundup: A deep dive into procurement tech market movements; updated coverage of 15 vendors

Spend Matters

Contract Lifecycle Management Evisort , which was once a promising contract analytics upstart looking to disrupt the market with its strong AI and post-signature capabilities, has evolved into a well-rounded, end-to-end CLM provider that can compete for both mid-market and large enterprise customers.

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The Market Speaks: Procurement practitioner requirements and the tech vendor response — SAP

Spend Matters

We’re also seeing that suppliers are no longer being viewed simply as vendors, but strategic partners. Therefore, procurement leaders are placing a higher level of importance on supplier relationship management, so they can better differentiate with and nurture those critical relationships.

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7 Best Procurement Tools to Streamline Your Business Processes

Pipefy

This process grants transparency and visibility into purchase orders and approvals to a sometimes surprising degree. When properly equipped with the right platforms, procurement teams can achieve benefits such as increased efficiency and productivity, cost savings, better supplier management, and improved process visibility and transparency.

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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. Additionally, analytics features grant you deeper visibility into your supply chain.

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Everything You Need to Know About Procurement Solutions

Pipefy

Supplier relationship management Tension is never pleasant, but only those procurement professionals who pinpoint lacking supplier relationships can evaluate and rectify the situation. It also provides visibility into your entire invoice workflow, from issuance to payment. Life cycle management.

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8 Tips to Help Procurement Optimize Supplier Master Data

ivalua

To cover your full master data needs, Procurement should work with all internal stakeholders to map out the supplier lifecycle from end to end. To get the full view of your master data needs, Procurement and other internal stakeholders should map out the end-to-end supplier life cycle.

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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. Moreover, the bank lacked any collaborative supplier relationship management or sourcing tool.