Top 10: Strategic Sourcing Platforms
By Aaron McMillan
August 07, 2024
10. Proactis
Revenue: US$19.37m
Employees: 594
CEO: Stephen Line
Founded: 1996
Proactis Procure-to-Pay
Proactis offers sourcing software to help customers obtain the best value for their needs, improving the effectiveness and transparency of both strategic and tactical sourcing processes – while dramatically reducing administrative time and efforts...
9. Jaggaer
Revenue: US$105.4m
Employees: 1,000
CEO: Andy Hovancik
Founded: 1995
Andy Hovancik, CEO at JAGGAER
Jaggaer’s strategic sourcing solutions help organisations optimise expenses and make better purchasing choices.
Its software matches ideal suppliers to requests and formalises information gathering and usage...
8. Workday
Revenue: US$7.26bn
Employees: 18,800
CEO: Carl M. Eschenbach
Founded: 200
Workday’s strategic sourcing prides itself on delivering quick ROI, with 99% of surveyed customers achieving ROI within the first year.
Its platform is easy to implement, often deployable within four weeks...
7. Basware
Revenue: US$750m
Employees: 1,400
CEO: Jason Kurtz
Founded: 1979
Jason Kurtz, CEO at Basware
With a focus on invoice automation and procurement analytics, Basware provides strategic sourcing and supplier collaboration tools to enhance visibility and control over spending...
6. Zycus
Revenue: US$350.4m
Employees: 1,726
CEO: Aatish Dedhia
Founded: 1998
Zycus offers an e-sourcing platform called iSource that automates sourcing, enhances savings and ensures a quick return on investment...
5. SynerTrade
Revenue: US$25m
Employees: 200
CEO: Olivier Berrouiguet
Founded: 1999
SynerTrade empowers businesses to streamline digital procurement processes from strategic sourcing to vendor contracts for direct and indirect material...
4. GEP SMART
Revenue: US$1.3bn
Employees: 6,000
CEO: Subhash Makhija
Founded: 1999
GEP SMART
Used as part of GEP's procurement platform or standalone, GEP SMART Sourcing helps businesses find the right suppliers through intuitive sourcing tools.
It enables collaboration, evaluates suppliers and authorises new contract awards to maximise spend value...
3. Ivalua
Revenue: US$180m
Employees: 1,000
CEO: David Khuat-Duy
Founded: 2000
Ivalua’s Source-to-Pay software enhances sourcing efforts through automation and streamlining key activities.
Advanced analytics and data management tools help procurement teams identify spending patterns, find cost-saving opportunities and make informed decisions...
2. SAP Ariba
Revenue: US$33.3bn
Employees: 103,000
CEO: Christian Klein
Founded: 1996
SAP's headquarters in Walldorf, Germany. Picture: SAP
SAP Ariba offers robust solutions for sourcing, procurement and supplier management...
1. Coupa
Revenue: US$1bn
Employees: 3,076
CEO: Leagh Turner
Founded: 2006
A market-leading platform in spend management, Coupa offers a comprehensive suite encompassing strategic sourcing, procurement and supplier risk assessment...
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2moNice work sir!