Top 10 Procurement Technology Companies in MEA

Procurement Magazine looks at the top ten procurement technology companies in MEA

Zycus

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 AI, to provide leaders in procurement with the ability to work first-hand with game-changing innovations as part of the suite.

Website:  zycus.com

Executive Leader: CEO  Aatish Dedhia

IBM Watson 

For more than 100 years, IBM has been innovating in the technology space. In terms of procurement, the company helps those in the function accelerate their transformation with access to powerful data, insights and emerging technologies to enhance processes and generate greater value.

IBM’s services include: source-to-pay (S2P), digital procurement, invoice to pay and analytics.

Website:  ibm.com

Executive Leader:  Arvind Krishna

Oracle Procurement Cloud

Founded in 1997, Oracle is a multinational technology company. For those in the procurement industry, Oracle offers its customers ‘Oracle Fusion Cloud Procurement’ – an integrated source-to-settle suite.

The solution helps customers to automate their processes, create strategic sourcing capabilities, improve supplier relationships, and simplify the buying experience. In doing so, the procurement function can benefit from lower risks, improved savings and greater profitability and productivity. 

Oracle’s range of services include: spend management, direct materials management, relationship management, strategic sourcing, contract lifecycle, compliance, and supplier collaboration.

Website:  oracle.com

Executive Leader: Safra Catz 

Globality

Globality helps to empower leading global companies to achieve substantial savings and better outcomes. We are the market leader in offering next-generation autonomous sourcing technology built from the ground up leveraging sophisticated AI.  The platform creates precisely scoped requirements, identifies the most qualified suppliers, provides negotiation insights, and enables data-driven decisions.

Website:  globality.com

Executive Leader:  CEO and Chairman, Joel Hyatt

Ivalua 

Ivalua are a leading provider of cloud-based spend management software. Their complete, unified platform empowers businesses to effectively manage all categories of spend and all suppliers, increasing profitability, improving ESG performance, lowering risk, and improving employee productivity. They are trusted by hundreds of brands around the world and are recognised as a global leader by renowned industry analysts.

Website:  ivalua.com

Executive Leader: CEO and Founder  David Khuat-Duy

JAGGAER

JAGGAER provides comprehensive spend management solutions, including procurement, sourcing, and supplier management.  They have spent more than 25 years in spend management, and have 4 million suppliers in their managed supplier database.

Website: JAGGAER.com

Executive Leader: CEO Andy Hovancik

GEP

GEP delivers transformative supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value.

Their customers include some of the world’s best companies, including hundreds of Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals.

Website:  GEP.com

Executive Leader:  CEO and Co-Founder  Dr Subhash Makjija

Amazon Business

Amazon Business is changing the world of procurement.  They simplify the purchasing process to make it easier for their customers to get the products they need.

They aim to solve customers’ unmet and undiscovered needs by continuously expanding their selection and adding relevant new tools and features.

Website:  business.amazon.com

Executive Leader:  CEO and President Andy Jassy

Coupa

Coupa is a cloud-based spend management platform that includes procurement, invoicing, and expenses management.

They are transforming the way that businesses manage their spend. In partnership with the Business Spend Management (BSM) Community, they are co-creating new and unique capabilities that empower customers, partners, and suppliers with increased visibility, actionable insights, and solutions to manage their spend.

Website: Coupa.com

Executive Leader: Interim CEO Charles Goodman

SAP

SAP is a global procurement and supply chain management solution provider. They offer a range of P2P solutions to help organisations automate and optimise their procurement processes.  Their purpose is to help the world run better and improve people’s lives.

Website:  sap.com

Executive Leader: CEO Christian Klein

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