Top-Rated 22 Strategic Sourcing Software Firms
Top-Rated 22 Strategic Sourcing Software Firms
Strategic sourcing software industry consists of companies designing digital tools to streamline procurement and supply chain management procedures. Their services typically include automation of procurement, contract management, eInvoicing, and supplier relationships, as well as analytical capabilities to optimize business efficiencies. With trends pointing towards AI-powered solutions, the industry's trajectory is headed to increasingly automated, data-driven, and efficient supply chain ecosystems.
Top 22 Strategic Sourcing Software Companies
1. Zycus
- Website: zycus.com
- Headquarters: Princeton, New Jersey, United States
- Founded: 1998
- Headcount: 1001-5000
Zycus is a company that offers source-to-pay solutions for procurement and supply chain management. Their suite of software includes eProcurement, eInvoicing, contract management, and supplier management tools. They also provide AI-powered automation and analytics to help streamline processes and drive efficiency.
2. SAP Ariba
- Website: ariba.com
- Headquarters: Palo Alto, California, United States
- Founded: 1996
- Headcount: 1001-5000
- Latest funding type: Acquired
SAP Ariba is a leading provider of procurement and supply chain solutions. Their platform and technology solutions help companies manage their supplier relationships, streamline procurement processes, and improve their financial supply chain. With a focus on customer satisfaction and market presence, SAP Ariba is recognized as a leader in the industry.
3. GEP Worldwide
- Website: gep.com
- Headquarters: Clark, New Jersey, United States
- Founded: 1999
- Headcount: 1001-5000
GEP is a global technology and consulting company specializing in procurement and supply chain management. They offer software solutions, strategic planning, cost management, and procurement outsourcing services to help businesses operate more efficiently and effectively.
4. Sievo
- Website: sievo.com
- Headquarters: Helsinki, Uusimaa, Finland
- Founded: 2003
- Headcount: 201-500
- Latest funding type: Series Unknown
Sievo is a global leader in procurement analytics, offering software solutions for data-driven enterprises. Their software helps businesses analyze and optimize their spend, track savings contributions, and reduce emissions. They cater to a diverse range of clients, including Deutsche Telekom, Carlsberg, Schindler Group, and Kellogg's. Sievo's business model focuses on providing software and analytics services to help companies improve their procurement processes and achieve cost savings. They operate in the industry of procurement analytics and serve customers in various sectors such as telecommunications, brewing, and consumer goods.
5. Fairmarkit
- Website: fairmarkit.com
- Headquarters: Boston, Massachusetts, United States
- Founded: 2017
- Headcount: 51-200
- Latest funding type: Series C
Fairmarkit is a tail spend management platform that helps organizations streamline their procurement processes and drive cost savings. With its machine learning approach, Fairmarkit automates the sourcing of one-off purchases, allowing businesses to receive multiple bids and negotiate better pricing. Trusted by industry leaders, Fairmarkit enables procurement transformation and supports efficiency and digitalization initiatives.
6. Scanmarket
- Website: scanmarket.com
- Headquarters: Worldwide, Midtjylland, Denmark
- Founded: 1999
- Headcount: 51-200
- Latest funding type: Private Equity
Scanmarket is a company that offers eSourcing, eAuction, and contract management solutions. They provide technology and services to help businesses improve their supply chain management processes.
7. Archlet
- Website: archlet.io
- Headquarters: Zurich, Zurich, Switzerland
- Founded: 2019
- Headcount: 51-200
- Latest funding type: Series A
Archlet.io is a strategic sourcing platform that provides end-to-end sourcing solutions. Their services include sourcing analytics, scenario optimization, and solution comparison. They have a partner ecosystem and offer industry-specific use cases. Customers can benefit from their success stories and unlock various advantages. The company values holistic decisions and empowers efficient sourcing.
8. Procol
- Website: procol.io
- Headquarters: Gurugram, Haryana, India
- Founded: 2018
- Headcount: 51-200
- Latest funding type: Series A
Procol.io is a procurement software company that offers digital solutions to streamline procurement processes and optimize cost savings. With their platform, businesses can centralize and manage sourcing activity, conduct e-Auctions, analyze spend data, and improve supplier relationships. They provide end-to-end procurement support, from contract management to tail spend management.
9. SpendHQ
- Website: spendhq.com
- Headquarters: Atlanta, Georgia, United States
- Founded: 2012
- Headcount: 51-200
SpendHQ is a procurement performance hub that offers sourcing support services and compliance management to market leaders. With a deep heritage in procurement and spend management, SpendHQ provides actionable insights through their AI-driven spend analytics platform, helping companies optimize data, identify cost savings, and achieve non-financial performance goals.
10. Scoutbee
- Website: scoutbee.com
- Headquarters: Berlin & Würzburg, Bayern, Germany
- Founded: 2015
- Headcount: 51-200
- Latest funding type: Series B
Scoutbee is an AI-driven platform that uses Big Data to revolutionize strategic procurement. It helps companies save time and effort by accelerating the search for new suppliers, while also balancing ESG concerns in times of risk and inflation.
11. Ion Wave Technologies, Inc.
- Website: ionwave.net
- Headquarters: Springfield, Missouri, United States
- Founded: 2002
- Headcount: 11-50
- Latest funding type: Acquired
Ion Wave provides electronic bidding solutions and a strategic sourcing platform for vendors and buyers. Their self-service portal makes it easy for vendors to register, receive bid invitations, and respond. The platform helps procurement teams maximize their results with time-saving features for managing RFPs, bid evaluation, supplier management, and contract management. Ion Wave also offers a dynamic pricing environment, reverse auction, and single sign-on capabilities for increased security and usability.
12. Axiscope
- Website: axiscope.com
- Headquarters: Orsay, Ile-De-France, France
- Founded: 2013
- Headcount: 11-50
Axiscope.com is a digital platform for procurement and sourcing, offering collaborative solutions for managing procurement processes, supplier quality, and risk analysis. Through its innovative web 2.0 features, it helps businesses optimize their purchasing operations and improve supplier relationships. The platform integrates various applications such as supplier management, contract management, e-procurement, and quality assurance, providing a centralized hub for all procurement activities.
13. Epiq Technologies
- Website: epiqtech.com
- Headquarters: San Diego, California, United States
- Headcount: 51-200
Epiq Technologies is a procurement and sourcing software solution provider, offering source-to-pay software and e-procurement software, as well as solutions for strategic sourcing, vendor management, and supplier onboarding.
14. ProcurePort
- Website: procureport.com
- Headquarters: Indianapolis, Indiana, United States
- Founded: 2000
- Headcount: 11-50
ProcurePort is a cloud-based platform that offers a variety of strategic sourcing tools to connect buyers with suppliers. It aims to simplify strategic sourcing processes by automating supplier information and quote collection, and provides users with a streamlined, user-friendly interface for purchasing.
15. Xeeva, Inc.
- Website: xeeva.com
- Headquarters: Southfield, Michigan, United States
- Founded: 2014
- Headcount: 201-500
- Latest funding type: Acquired
Xeeva is a procurement software company that offers solutions for simpler buying with full visibility, control, and management of indirect spend.
16. VendorPanel
- Website: vendorpanel.com
- Headquarters: Melbourne, Victoria, Australia
- Founded: 2008
- Headcount: 51-200
- Latest funding type: Series A
VendorPanel is a market-leading Source-to-Pay procurement suite that offers an end-to-end solution for businesses. It combines the VendorPanel sourcing platform with procurement planning and contract management from Nimblex, providing a flexible and aligned solution to streamline procurement processes.
17. Ivalua
- Website: ivalua.com
- Headquarters: Redwood City, California, United States
- Founded: 2000
- Headcount: 501-1000
- Latest funding type: Private Equity
Ivalua is a procurement software company that offers spend and supplier management solutions. It helps organizations improve cash management, supplier visibility, supply resiliency, and achieve rapid savings.
18. C1 India Pvt Ltd
- Website: c1india.com
- Headquarters: Gurgaon, Delhi Ncr, India
- Founded: 2000
- Headcount: 201-500
C1 India is a global company that provides professional services in workforce management, consultancy, big data and advanced analytics. They offer solutions in artificial intelligence, blockchain, and internet of things. They help clients expand their customer base and reach new markets. They have a comprehensive suite of e-procurement and strategic sourcing solutions.
19. ISPnext
- Website: ispnext.com
- Headquarters: 'S-Hertogenbosch, Nb - Noord Brabant, Netherlands
- Headcount: 51-200
ISPnext is a Business Spend Management platform that helps organizations gain insight into contracts, reduce bottlenecks, and manage contract risks. It offers solutions for contract management, vendor management, sourcing, procurement, AP automation, and spend analytics. The platform enables organizations to increase effectiveness, realize cost savings, and build a sustainable business.
20. Wax Digital (a Medius company)
- Website: waxdigital.com
- Headquarters: Hyde, Tameside, United Kingdom
- Founded: 2001
- Headcount: 51-200
Wax Digital is a company that offers software solutions to streamline and automate procurement processes. Their platform enables businesses to manage sourcing, purchasing, and supplier management in an efficient and cost-effective manner.
21. Meperia
- Website: meperia.com
- Headquarters: Santa Fe, New Mexico, United States
- Founded: 2009
- Headcount: 51-200
Meperia is a SaaS-based marketplace that collects and organizes product information to create a single source of truth. It provides backorder assistance, value analysis, and standardization for supply chains. The platform assimilates disparate information and retains product attribution variations. Meperia improves data quality, suggests decisions for savings potential, and integrates multiple systems effortlessly. It offers solutions for supply spend visibility, standardization, and implant management. With industry expertise, Meperia helps healthcare systems control product selection based on formulary rules and streamline procurement processes.
22. Graphite Systems (Graphite Connect)
- Website: graphiteconnect.com
- Headquarters: Lehi, Utah, United States
- Founded: 2018
- Headcount: 51-200
- Latest funding type: Series Unknown
Graphite Connect is a supplier management platform that automates supplier processes and data management. It offers standard connectors and integrations with enterprise and third-party solutions, with the ability to build custom integrations if needed. The platform allows for easy configuration of complex processes and data architectures, and has a network of over 1,000 companies. Graphite Connect's professional services team handles most of the implementation work, ensuring a fast and efficient onboarding process.
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