Six Rising Stars of Procurement Orchestration
Procurement Orchestration seems destined to have a huge 2025, with the rapidly evolving landscape expected to transform the industry.
With this, a new breed of innovators are emerging to revolutionise the way organisations manage their purchasing processes. These rising stars of procurement orchestration are leveraging cutting-edge technologies and innovative strategies to streamline operations, enhance collaboration and drive unprecedented efficiency across the entire procurement lifecycle.
As businesses grapple with increasingly complex supply chains and the need for greater agility, procurement orchestration is becoming the tool for staying competitive.
Through its ability to integrate disparate systems, automate workflows and provide real-time insights, these pioneering platforms are transforming procurement from a back-office function into a strategic driver of business value.
From AI-powered analytics to intuitive user interfaces, the latest procurement orchestration solutions are designed to tackle the most pressing challenges facing modern procurement teams.
Procurement Magazine takes a look at the innovative companies which are shaping the future of procurement orchestration.
Zip
Employees: 300
CEO: Rujul Zaparde
Founded: 2020
2024 was a game-changing year for Zip, establishing procurement orchestration as essential for modern enterprises. The platform processed more than US$107bn in spend, collaborating with in excess of four million suppliers worldwide.
Major companies including HP, AMD and Anthropic streamlined operations using Zip, which also secured a record US$190m Series D funding round — the largest in procurement tech for two decades.
“When we introduced procurement orchestration in early 2024, it wasn’t just a new term – it was a new way of thinking,” explains Rujul Zaparde, Co-Founder and CEO at Zip.
“Now, leading analysts recognise it as a pivotal category and global enterprises have embraced it as the key to unlocking innovation. This shift is fuelled by tangible outcomes: driving savings, streamlining complexity and delivering unprecedented ease of use. And we’re just getting started.”
Zip’s P2P product saw triple growth, while new offices and tools like its AI suite and Zip Premier drove global expansion. Impressively, customers saved US$4.4bn and 4.6 million cycle-time days, affirming Zip’s pivotal role in business transformation.
Tonkean
Employees: 68
CEO: Sagi Eliyahu
Founded: 2015
Tonkean’s AI-powered platform transforms procurement processes into user-friendly systems that teams actually follow. By simplifying traditionally complex workflows, it mimics the seamless, intuitive experience consumers expect.
“We have a lot of Fortune 500 companies using us for everything from purchase intake to invoice intake,” Sagi explained in an interview with Procurement Magazine earlier this year.
“This is in part because we leverage the tech stack, policies and processes that a company already has in place to improve adoption, speed and compliance, all without a lot of change.”
The platform boosts user adoption for P2P systems like Coupa and streamlines internal processes, reducing the challenges of change management. In partnership with Beroe, Tonkean now integrates real-time market and supplier intelligence directly into procurement workflows. This innovation enables cost-effective, compliant sourcing and proactive risk management from the first stages of intake.
With Tonkean, procurement teams achieve greater efficiency, compliance and user satisfaction, making it a groundbreaking tool for enterprise success.
Airbase by Paylocity
Employees: 450
CEO: Thejo Kote
Founded: 2017
Airbase offers an all-in-one spend management platform designed to provide finance teams with control, visibility and automation over their company's spending.
It caters specifically to mid-sized companies – those employing between 100 and 5,000 people.
Airbase’s innovative procure-to-pay platform delivers more control, visibility and automation to today’s finance teams than any other solution for companies with between 100 and 5,000 employees. Consistently rank at the top of the G2 Grid for procure-to-pay, spend management and AP Automation categories.
Thejo Kote, Founder and CEO of Airbase, says: “At Airbase, we recognise the strategic value that well-run procurement processes bring to an organisation. That’s why our spend analytics reveals opportunities to save money on purchasing and also identifies ways to reduce the operational costs associated with the procurement process itself.
“The mid-market and larger organisations we serve run complex businesses and must be armed to make critical, data-driven decisions fast. I’m proud that Airbase is the first to offer them the spend visibility and insights to do so on-demand and with ease. At Airbase, we’re on a mission to elevate the full procure, pay, close cycle and to set new benchmarks for company productivity and efficiency.”
In October, Paylocity, a leader in cloud-based HR and payroll software solutions, completed the acquisition of Airbase
Focal Point
HQ: Georgia, USA
CEO: Anders Lillevik
Founded: 2020
Headed up by Founder and CEO Anders Lillevik, Focal Point is revolutionising the procurement industry with its innovative approach to orchestration.
The company addresses the long-standing challenges in complex procurement processes by streamlining workflows, centralising data and automating mundane tasks, enabling procurement teams to work more efficiently and strategically.
By integrating with existing systems, Focal Point provides a comprehensive view of supplier relationships, contracts and procurement activities.
“I started Focal Point to create a solution where procurement activities can be effectively tracked, big or small, whether that’s a complex request for proposal (RFP) to a contract renewal.
“With Focal Point, you know what’s being done, who’s doing it and can ensure the process is being followed with all the leave-behinds that someone in auditing would want there to be.”
Arkestro
HQ: California, USA
CEO: Neil Lustig
Founded: 2017
One of the industry’s fastest-growing procurement platforms, Arkestro leads the way in predictive procurement orchestration. Its predictive Procurement Orchestration received two awards from the Sourcing Industry Group, showcasing how Arkestro is truly shaping the future of sourcing.
By leveraging machine learning, game theory and data science, Arkestro streamlines processes from start to end, providing insights for optimal decision-making and helps organisations achieve market-competitive pricing with unprecedented efficiency.
“By using predictive AI to be proactive, procurement is in the driver’s seat with the supplier from the get-go,” Edmund Zagorin, Arkestro’s Founder and Chief Strategy Officer says.
“It allows you to unlock areas of value that the more reactive procurement process can’t do.”
Ramp
HQ: New York, US
CEO: Eric Glyman
Founded: 2019
Self-described as the ultimate platform for modern finance teams, Ramp is designed to simplify expense management with an array of tools offering real-time insights and automation.
It offers users automated expense reporting and real-time spend analysis, along with budgeting and forecasting tools, all of which help businesses to maintain financial control.
Ramp also automates and streamlines procurement workflows and vendor management so businesses can control spend before it happens, with initial projects such as customised intake forms, flexible approvals, purchase order management and AI-powered vendor management.
In October, Ramp launched its own app, allowing developers to build integrations directly into Ramp's platform, giving its 25,000+ customers one-click access to a wide range of tools to run their business more efficiently.
Eric Glyman, CEO of Ramp, explained the vision: "We founded Ramp on the belief that we win when our customers win. The App Center is the fullest expression of this. By opening our ecosystem and creating an environment where new technology can be built and scaled, we and our partners can deliver even more value to customers. We see this benefitting all sides and rewarding truly great products."
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