Top 10: Procurement Start-Ups

We celebrate a number of startups bringing exciting ideas to the industry including Airbase, Procurify and Tropic

Procurement Magazine has explored 10 businesses starting to make a name for themselves, or who went out independently and become mainstays among procurement and supply chain professionals.

Here are 10 of the most innovative, best-targeted, or industry-specific startups that have made or are making an impression:

Easy2Parts (Credit: Easy2Parts Facebook)

10. Easy2Parts

Founded: 2019
Location: Deggendorf, Germany
CEO: Robert Hilmer

Easy2Parts is an online platform designed to simplify the process of finding and purchasing spare parts for various industries, including automotive, manufacturing, and machinery. The platform aims to streamline the procurement of spare parts by providing a user-friendly interface where users can easily search for, compare, and purchase the parts they need. Easy2Parts offers features such as real-time inventory updates, multiple payment options, and customer support to ensure a smooth purchasing experience.

ContractHero

9. ContractHero

Founded: 2020
Location: Berlin, Germany
CEO: Sebastian Wengryn

ContractHero is a contract management platform designed to simplify the contract lifecycle management process for businesses. It offers features such as contract creation, negotiation, signing, storage, and tracking to help organisations manage their contracts more efficiently. ContractHero aims to streamline workflows, reduce manual tasks, improve collaboration, and ensure compliance with contract terms and deadlines.

Pivot logo (Credit: LinkedIn)

8. Pivot

Founded: 2023
Location: Paris, France
CEO: Romain Libeau

Pivot provides procurement software solutions for businesses to streamline spending and improve procurement processes. It offers tools for supplier management, contract management, purchase order automation, and spend analytics to help businesses gain visibility and control over their procurement operations.

7. HICX

Founded: 2004
Location: San Francisco, US
CEO: Costas Xyloyiannis

HICX specialises in helping organisations optimise their supplier management processes, ensuring compliance, efficiency, and transparency throughout the supplier lifecycle. HICX's software platform offers features such as supplier onboarding, risk management, performance tracking, and supplier relationship management. 
Its solutions are designed to streamline supplier data management, improve collaboration with suppliers, and drive strategic supplier initiatives.
HICX serves a diverse range of industries, including manufacturing, retail, healthcare, and financial services, with Unilever, EDF and The HEINEKEN Company listed amongst its featured customers. 
With a focus on innovation and customer satisfaction, HICX continues to be a leading player in the supplier management software market.

Tipalti logo

6. Tipalti

Founded: 2010
Location: London, UK
CEO: Chen Amit

Tipalti is a leading global payables automation platform that specialises in streamlining and automating the accounts payable (AP) process for businesses.

The platform offers comprehensive solutions for invoice management, supplier onboarding, tax compliance, payment processing, and reconciliation. Tipalti has quickly grown to become a trusted partner for businesses of all sizes, from startups to enterprise-level organisations. The platform is designed to help businesses manage their entire AP workflow more efficiently, reduce manual errors, ensure compliance with tax regulations and international payment standards, and improve overall financial visibility and control.

Tipalti's platform integrates seamlessly with existing ERP and accounting systems, allowing businesses to automate repetitive tasks, such as invoice processing and payment approvals, and streamline the entire payment process from end to end. This not only saves time and reduces the risk of errors but also helps businesses scale their operations more effectively.

5. SourceHub.ai

Founded: 2020
Location: Naperville, IL
CEO and Founder: John Moran

SourceHub facilitates visibility throughout the inbound supply chain by aggregating data from various sources and enabling seamless sharing with supply chain partners. This proactive approach empowers customers to preempt disruptions, saving valuable time for their teams as it unifies supply chain networks, promoting efficient collaboration on a single platform. Partners can harness real-time data to enhance coordination, boost efficiency, and make informed decisions based on data insights.

4. LogicSource

Founded: 2009
Location: Connecticut, US
CEO: David Pennino

LogicSource is a leading global sourcing and procurement services firm that specialises in helping companies optimise their indirect spend. It offers a wide range of services, including strategic sourcing, procurement outsourcing, supplier relationship management, and procurement technology solutions. The company has grown to become a trusted partner for many Fortune 1000 companies across various industries, including retail, consumer goods, hospitality, healthcare, and financial services.

LogicSource's approach combines deep category expertise with advanced analytics and technology to drive cost savings, improve operational efficiency, and enhance supply chain performance for its clients. The company works closely with its clients to understand their unique business challenges and develop customised solutions to address them.

Tropic Logo (Credit: Tropic)

3. Tropic

Founded: 2019
Location: New York, US
CEO: David Campbell

Tropic handles the spending and procurement operations for companies. Offering advanced analytics and automation, Tropic helps businesses track and manage spending, saving time and reducing errors whilst automating procurement tasks to help businesses manage supplier relationships better, track performance and foster collaboration.
With customers like AG1, Ironclad and Notion, Tropic's spend management and procurement software offers businesses a comprehensive solution for optimising the procurement processes, reducing costs, and improving efficiency and transparency throughout the supply chain.

Procurify logo

2. Procurify

Founded: 2011
Location: Vancouver, Canada
CEO: Aman Mann

Procurify is a cloud-based procurement software company that offers solutions for spend management, purchasing, and procurement processes. It aims to simplify and streamline procurement operations for businesses of all sizes. Its platform allows organisations to automate purchasing workflows, manage supplier relationships, track spending in real-time, and gain insights through analytics and reporting. Procurify's features include purchase order management, approval workflows, budget tracking, supplier management, and inventory control.

The company caters to a wide range of industries, including manufacturing, retail, technology, healthcare, and education. Procurify's user-friendly interface and customisable features make it a popular choice for businesses looking to optimise their procurement processes and drive cost savings. Procurify focuses on empowering organisations to take control of their spending, improve operational efficiency, and make more informed purchasing decisions.

1. Airbase

Founded: 2017
Location: San Francisco, California, US
CEO and founder: Thejo Kote

Airbase offers an all-in-one spend management platform designed to provide finance teams with control, visibility, and automation over their company's spending. The platform caters specifically to mid-sized companies with 100 to 5,000 employees.

Airbase's platform enables finance teams to streamline processes related to workflows, payments, and accounting, particularly focusing on non-payroll expenditures. It integrates with other business systems to facilitate seamless data management and risk mitigation across departments.

The company prides itself on its recognition, consistently ranking at the top of the G2 Grid for spend management and AP Automation. With a commitment to innovation and excellence, Airbase aims to deliver unmatched value to finance professionals worldwide.

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