Top 10: S2C Platforms

Procurement Magazine takes a look at 10 of the top source-to-contract (S2C) platforms

Tradeshift 

Website: http://tradeshift.com/

LinkedIn: https://www.linkedin.com/company/tradeshift/

Location: San Francisco, California

Executive Leader: CEO James Stirk 

Tradeshift is the business e-commerce and fintech platform that redefines the way B2B buyers and sellers connect, trade and grow. The Tradeshift network connects over a million companies, enabling them to transact seamlessly and digitally with customers and suppliers anywhere in the world.

Tradeshift's S2C suite provides businesses with a network-centric platform that leverages artificial intelligence to transform B2B commerce. With their suite of solutions, Tradeshift helps businesses capture more value and achieve better outcomes by seamlessly connecting sourcing, contracting, and purchasing into one easy-to-use system. One of the key benefits of Tradeshift's S2C suite is their sourcing solution, which allows businesses to curate, manage, and diversify their supplier base with networked B2B e-commerce marketplaces.

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Proactis 

Website: http://www.proactis.com

LinkedIn: https://www.linkedin.com/company/proactis-group/

Location: Wetherby, UK 

Executive Leader: Stephen Line 

Proactis is a leading software solution provider for mid-market organisations across a range of service-led industries. It serves a growing client base of over 1,100 corporate and public sector organisations and 2 million suppliers, with over 3 million users in 100+ countries across the UK, Europe, North America, New Zealand and Australia.

Proactis' S2C suite is a comprehensive solution that covers all aspects of the procurement process, from sourcing to supplier relationship management (SRM), contract management, and centralised eCommerce buying. By leveraging this powerful platform, organisations can enhance their procurement processes, drive cost savings, and achieve greater operational efficiencies.

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Oracle 

Website: http://www.oracle.com/

LinkedIn: https://www.linkedin.com/company/oracle/

Location: Austin Texas

Executive Leader: CEO  Safra A. Catz

Oracle is a cloud technology company that provides organisations around the world with computing infrastructure and software to help them innovate, unlock efficiencies and become more effective. 

Oracle Fusion Cloud Procurement is an integrated suite of solutions that automates business processes, enables strategic sourcing, improves supplier relationship management and simplifies buying resulting in lower risk, improved savings and greater profitability.

It allows procurement leaders to gain insight into supplier performance against contractual obligations such as price, service and delivery performance. Identify areas for supplier diversification, improvements in execution and quality while mitigating risk.

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Zycus 

Website: https://www.zycus.com 

LinkedIn: https://www.linkedin.com/company/zycus/

Location: Princeton NJ 

Executive Leader: Founder & CEO  Aatish Dedhia 

Zycus is a leading provider of procurement software solutions, offering sourcing, contract management, supplier management, and spend analysis tools. Their cloud-based platform helps businesses streamline procurement processes, improve supplier relationships, and achieve cost savings. With innovative features and analytics, Zycus enables organisations to make data-driven decisions and optimise their procurement operations.

Zycus' S2C suite offers a range of services that are designed to address sourcing and procurement, enterprise contract management, and accounts payable requirements. Their Merlin AI-powered software is organically built and seamlessly integrated to provide a cognitive source-to-pay suite that drives "higher dollar savings", proactive risk management, and greater compliance. The suite includes applications for both the operational and strategic aspects of procurement such as eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management, Financial Savings Management, and Request Management. 

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Corcentric

Website: http://www.corcentric.com/

LinkedIn: https://www.linkedin.com/company/corcentric/

Location: Cherry Hill, NJ 

Executive Leader: CEO Matt Clark

Corcentric provides comprehensive procurement and finance solutions, empowering organisations to streamline processes, reduce costs, and optimise working capital. With cloud-based software and managed services, Corcentric helps businesses manage procurement, invoice processing, and payments efficiently. Their platform integrates seamlessly with existing systems, driving operational excellence and strategic growth.

The spend analysis module of Corcentric’s S2C suite allows organisations to track and analyse their spend data. This enables them to identify cost-saving opportunities, such as consolidating purchases or negotiating better prices with suppliers. The supplier management module provides organisations with the tools they need to manage supplier relationships, monitor supplier performance, and ensure compliance with supplier agreements.

Corcentric’s sourcing module enables organisations to streamline the sourcing process and negotiate contracts more effectively. It allows organisations to identify potential suppliers, evaluate supplier proposals, and negotiate contracts in a centralised platform. Their contract management module provides organisations with a complete view of their contract portfolio, enabling them to manage and track their contracts, and avoid any potential legal or financial issues making their suite a powerful one. 

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JAGGAER

Website: https://www.jaggaer.com/

LinkedIn: https://www.linkedin.com/company/jaggaer/ 

Location: Morrisville, NC

Executive Leader: CEO Andrew Hovancik 

JAGGAER is a prominent global provider of comprehensive procurement solutions. Its cloud-based platform offers sourcing, contract lifecycle management, and supplier management capabilities. JAGGAER empowers organisations to streamline procurement processes, improve supplier collaboration, and drive cost savings. With advanced features and analytics, they enable data-driven decision-making and enhance supply chain efficiency. 

JAGGAER S2C contract allows procurement leaders to gain insights and efficiencies with a unified source to contract process and move from transactional to strategic. The system allows you to share data and workflow on a common platform to get a single 360-degree view of all activities around your suppliers. It lets you see performance details, development plans and strategy tracking, all tied to awards and obligations alongside the use of interactive data modelling for strategic lever selection.

The system gives you the chance to visualise trends and results to define strategic actions. This can stop professionals feeling paralysed by analysis and start taking informed, deliberate action by seeing data instantly with views of common dimensions built on 25+ years of procurement software experience.

Read more on how JAGGAER is seeking to digitally transform procurement. 

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Ivalua

Website: http://www.ivalua.com/

LinkedIn: https://www.linkedin.com/company/ivalua/

Location: Massy, Paris 

Executive Leader: CEO David Khuat-Duy


Ivalua is a leading provider of procurement solutions known for its robust platform and comprehensive suite of offerings. Their cloud-based software includes sourcing, contract management, supplier management, and procurement analytics. Ivalua aims to give organisations the power to optimise procurement processes, enhance supplier collaboration, and drive strategic value.

Ivalua’s source-to-contract solution drives procurement strategy by providing teams with the right insights, visibility, and automation. This helps to eliminate the silos and disconnected processes that limit procurement value and learn about the impact of a seamlessly connected and modern S2C solution.

Businesses can enhance transparency, mitigate risks, and drive efficiency in their procurement processes, ultimately contributing to the overall success of their strategic sourcing initiatives.

Ivalua Logo

GEP

Website: https://www.gep.com/

LinkedIn: https://www.linkedin.com/company/gep-worldwide/

Location: Clark, NJ

Executive Leader: CEO Dr. Subhash Makhija 

GEP is a global leader in providing end-to-end procurement and supply chain solutions. With a comprehensive suite of cloud-based software, GEP helps organisations improve their procurement processes, enhance supplier relationships, and so drive cost savings. Its platform integrates sourcing, contract management, supplier management, and procurement analytics, offering scalability and flexibility to meet diverse business needs. 

The source-to-contract capabilities of GEP SMART are designed to help procurement teams create winning strategies, negotiate the best contract terms and develop a robust supplier relationship. From spend analysis through savings project planning, strategic and tactical sourcing to contract creation and supplier management, GEP SMART enables procurement professionals to identify and exploit the best opportunities and to implement the best contracts. GEP SMART spend analysis platform provides a complete insight into organisational spend, making it easy to identify savings opportunities and create plans. Based on these plans and targets, GEP SMART simplifies the identification, evaluation and qualification of new suppliers — streamlining the RFx-to-award cycle to achieve best-value agreements whenever you source.

GEP SMART is a single unified software platform allowing you to flip winning bids in sourcing events into new contracts at the click of a button, ensuring that the contract is based squarely upon the terms offered, to bring that spend under management. 

GEP logo

Coupa

Website: http://www.coupa.com/

LinkedIn: https://www.linkedin.com/company/coupa-software/

Location: San Mateo, California

Executive Leader: CEO Leagh Turner 


Coupa is a leading provider of cloud-based procurement and expense management software. Their platform offers a comprehensive suite of solutions designed to streamline procurement processes, improve visibility, and control spend. Coupa's interface empower organisations to optimise supplier relationships, manage contracts efficiently, and drive savings. With a focus on innovation and customer success, Coupa continues to be a trusted partner for businesses seeking to transform their procurement operations.

Coupa's Source to Contract system starts with vetting and on-boarding suppliers and connects sourcing with contracting, purchasing in one easy-to-use system to maximise impact. It offers procurement leaders the chance to accelerate opportunity Identification and cut down on the time spent on research with complete visibility into all spend and suppliers. The system allows automatic suggestions — such as large in-flight requisitions and contracts nearing expiration. This is coupled with the ability to browse Coupa for thousands of pre-rated, pre-enabled suppliers or filter by diversity status, ratings, geography, and more.

Read more about new Coupa CEO Leagh Turner 

Coupa

SAP

Website: http://www.sap.com/

LinkedIn: https://www.linkedin.com/company/sap/

Location: Walldorf, Germany 

Executive Leader: CEO Christian Klein 


SAP is a global leader in enterprise software, offering a diverse range of solutions, including procurement and supply chain management through SAP Ariba. Their platform provides end-to-end procurement capabilities, including sourcing, contract management, supplier management, and procurement analytics. SAP Ariba lets organisations streamline processes, improve visibility, and drive collaboration across the supply chain. With advanced features and integrations, SAP empowers businesses to achieve efficiency, cost savings, and sustainable procurement practices at scale.

SAP Ariba Source-to-Contract Suite supports a closed-loop, digital, source-to-contract process, that allows procurement teams to create process efficiencies across the source-to-contract cycle and capture more savings by achieving contract compliance and stopping contract leakage.  It also allows a procurement team to onboard suppliers to a single sourcing, contracting, and supplier management solution.

The suite offers a widely adopted and comprehensive sourcing solution combined with contracting and supplier information and performance management solutions. The result is a single, closed-loop, source-to-contract solution bundle for managing sourcing and suppliers across the source-to-contract cycle.

Make sure you check out the latest edition of Procurement Magazine and also sign up to our global conference series - Procurement & Supply Chain LIVE 2024 

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