A multinational information technology services and consulting firm, users cite compliance, transparency, and sustainable sourcing as the key value features of their procurement package. Like IBM, Capgemini has been providing technology solutions for decades. Their ICI (Icertis Contract Intelligence) platform is an industry leader in improving contractual governance and increasing company bottom lines. Their source-to-contract process helps customers and contractors close deals faster and reduce risk. Everything from supplier management, strategic sourcing, supply chain planning, eProcurement, invoicing, and spend analysis, Coupa’s strengths are its single comprehensive platform, flexibility, and most important, Coupa is cloud-enabled.Ī relatively young firm, Icertis is known for its efficiency. The most cited features of their digital procurement software are smart, end-to-end workflows, AI (artificial intelligence), and automation.Ĭoupa markets itself as an “all-in-one” solution to spend management. On the procurement side, IBM offers source-to-pay (S2P), invoice-to-pay, analytics as well as digital procurement. International Business Machines Corporation has been in business for a staggering 111 years.

We kick off the list with a known commodity – IBM. The procurement software market is vast, but seven providers stand out (in no particular order).

While the department is spearheaded by its people, procurement software platforms are shaping the future. No, procurement in many ways is its own strategy, directly impacting corporate identity, the company’s position in the market, as well as human resources. Procurement in 2022 is no longer that rag-tag crew operating autonomously next to Accounting.

Coupa procurement software