Spend Matters Announces 2022 Procurement Technology “50 Vendors to Know,” “50 Vendors to Watch,” and “Future 5” at SIG Global Executive Summit

Press release

October 17, 2022 4:00AM EST

For its ninth year, Spend Matters has released its annual “50 Sourcing Suppliers to Know” and “50 Sourcing Suppliers to Watch” lists, as well as the annual “Top 5 Future” list of innovative startups.

Each year, technology analysts evaluate the ability of sourcing technology providers in 10 market sectors to determine a list of 105 suppliers in total. These lists represent best-in-class solutions the industry needs to know about as well as emerging companies to watch. 2022 also marks the fourth annual release of Spend Matters’ “Next 5” list.

These lists were released in conjunction with the SIG Global Executive Summit on October 10. From the 17th to the 19th in Rancho Mirage, California.

“We can’t wait to announce the 2022 roster at the fall summit. I know our delegates will love seeing these winners at the summit as well,” said Geoff Talbot, Chief Growth Officer, SIG.

This year, 18 vendors have been nominated as new winners of the “Watch” list, with 4 jumping from watch to learn – look forward to upcoming interviews with AvidXchange, Everstream, Simfoni and Vertex.

Nick Heinzmann, vice president of research at Spend Matters, said:

“Macro forces and changing competitive dynamics are breathing new life into the procurement technology market – some vendors will ride the new wave better than others. From a volatile economic environment to geopolitical disruption and changing regulatory frameworks , Procurement faces issues that must remain in place while delivering its current portfolio of initiatives.

“In this context, more suppliers than ever are developing new concepts or crossing the borders of adjacent markets. To help understand what is ‘real’ and how the next phase of this space will unfold, We are delighted to present Spend Matters’ annual “50 Vendors to Know,” “50 Vendors to Watch,” and “Next 5” lists, sourced and calculated by the entire Spend Matters analyst team, with representatives for sourcing, A chain of best technology suppliers for financial and supply services.

“This year’s list furthers our approach by adding new criteria to the marketplace, expanding customer reference requirements and introducing new inclusion criteria to ensure that suppliers on these lists continue to gain Your negotiating table. Because in a well-established consolidation market, with a plethora of new startups and established (non-acquisition) players entering the market, you need a data-based guide on where to focus your attention. “

Sign up 50/50 Internet Conference 10/31 with the Spend Matters team.

To be considered for inclusion on next year’s list, please contact Steve Goerth: sgoerth@spendmatters.com.

About expenses

Spend Matters is the leading source of solution intelligence for procurement and supply chain professionals. Combining in-depth technical analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is regarded by CPOs, advisors, investors and solution providers alike as their sourcing technology intelligence partner.

Source: Spend Matters

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