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Spend Matters Almanac:Future 5 for 2021

Spend Matters is pleased to introduce the third annual Future 5 nominees

Spend Matters Almanac Future 5 logoThe procurement technology market rapidly evolves. In addition to the50 Providers to Knowand50 Providers to Watchlists Spend Matters releases, we’re featuring outstanding procurement technology startups each Fall with the release of the 'Future 5' list.

It highlights exciting procurement technology start-up vendors we want to bring to your attention, too new to have made it onto this year’s Watch list. Vendors listed are independently selected by the analyst team over multiple rounds of debate meeting the following criteria - the vendor:

  • Is < 5 years old, with ideally < 2 years in the market (official product launch)
  • Has 5+ customers
  • Has an innovative, interesting application of technology
  • Maintains clear momentum and sustainability
  • Has < $10 million in revenue

Check out the detailed 2021 Future 5 vendor profiles below - andbe sure to click on the 'Our View' sectionto read why they were selected by Spend Matters' analysts, including any threats/challenges we see ahead!

DPW logo

Winners of the Digital Procurement World (DPW) DEMO 2021 are also featured further below (you can also use the menu on the right to navigate there).

Future 5 Selection 2021

Archlet
Hardturmstrasse 132|Zürich, Zürich|8005 Switzerland
https://www.archlet.io
contact@archlet.ch
+41797116501
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Archlet是用户首先采购软件公司that helps companies make better sourcing decisions faster by providing best-in-class sourcing, analytics, and optimization capabilities. As an official spin-off from ETH Zürich, Archlet combines data science and machine learning capabilities with deep hands-on procurement expertise to rethink strategic sourcing software. Archlet empowers pioneering Procurement teams across industries, company sizes, and digital maturity
Circulor
North Point House|Cork, Ireland|T23 AT2P Ireland
https://www.circulor.com/
info@circulor.com
+44 20 38580555
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Circulor enables businesses to fully analyse, track and manage their supply chains to support responsible sourcing and improve sustainability. It does this by providing an enterprise software platform, which creates a reliable chain of custody of materials and attaches sustainability and other ESG data to that flow of materials.
Malbek
29 Julie Court|Somerset, NJ|08873 United States
https://www.malbek.io/
info@malbek.io
732-354-1683
Provides solutions and/or services in the following categories:
SolutionMap Solution Rankings:
Contract Lifecycle Management Solution Rankings
About
Our View
Recent Coverage
Malbek is a modern, cutting-edge, and AI-infused CLM solution that empowers legal ops professionals to do more with less. By supporting the growing contracting demands of your entire enterprise, including Sales, Finance, Procurement and other critical business units, Malbek’s CLM solution delights every user. Malbek provides end-to-end contract management with out-of-the-box integration to popular business applications, like Salesforce, Coupa, Workday,
Pactum
800 West El Camino Real, Suite 180|Mountain View,, California|94040 United States
https://pactum.com/
info@pactum.com
+1 737 260 0012
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Pactum is an AI-based system that helps global companies to autonomously offer personalized, commercial negotiations on a massive scale. The system adds value and saves time for both the Pactum client and their negotiation partner by aligning their values to determine win-win agreements via an easy-to-use chat interface that implements best-practice negotiation strategies. The company is based in Mountain View
Zip
299 Fremont St, Ste 1206|San Francisco, CA|94105 United States
https://ziphq.com
hello@ziphq.com
6095298346
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Zip is the world's leading intake-to-procure solution. Zip provides one place for any employee to initiate a purchase or vendor request. Each request is correctly routed for approval across procurement, finance, IT, data security, legal, and other teams, and Zip integrates into all major ERP and P2P solutions to create a PR or draft PO.

DPW DEMO 2021 Winners

cirplus
Eifflerstraße 43|Hamburg, Germany|22769 Germany
https://www.cirplus.com/en
support@cirplus.com
+49 40 22 63 75 25 0
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
cirplus is the global marketplace for recyclates and plastic waste feedstock. Our team and technical partners have extensive experience in the manufacturing & recycling of thermoplastics. We know from first hand what it takes to build digital platforms and bring them to scale. We are 100% independent and guard strict neutrality in our work. We are based in Germany, but
Pactum
800 West El Camino Real, Suite 180|Mountain View,, California|94040 United States
https://pactum.com/
info@pactum.com
+1 737 260 0012
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Pactum is an AI-based system that helps global companies to autonomously offer personalized, commercial negotiations on a massive scale. The system adds value and saves time for both the Pactum client and their negotiation partner by aligning their values to determine win-win agreements via an easy-to-use chat interface that implements best-practice negotiation strategies. The company is based in Mountain View
Prewave
Favoritenstraße 116|Vienna, Vienna|1100 Austria
https://www.prewave.ai
info@prewave.ai
+43 1 30 50 743
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
Prewave is a leading supply chain risk platform used by manufacturing companies worldwide to improve the transparency and resiliency of their supply chains. Our artificial intelligence (AI) based platform identifies risks in your supply chain based on public information, automatically and in real-time. With this information you can counteract possible delivery bottlenecks and production stops ahead of time. Potential sustainability
scoutbee
Holundergasse 10|Hausen, Bavaria|97262 Germany
https://scoutbee.com/
connect@scoutbee.com
+49 (0)931 466219 60
Provides solutions and/or services in the following categories:
About
Our View
Recent Coverage
scoutbee’s AI-powered supplier discovery suite helps procurement leaders see deep supplier insights to make more confident buying decisions. With scoutbee, purchasers face less tedious, manual work to fulfill strategic sourcing projects and scout suppliers globally. Procurement leaders can discover new paths to drive profit and impact from faster time to market and reduced costs. Customers like Audi, Airbus and Bosch
Suplari
1700 7th Ave., Suite 116, PMB 700|Seattle, WA|98101 United States
http://www.suplari.com
info@suplari.com
(425) 610-9496
Provides solutions and/or services in the following categories:
SolutionMap Solution Rankings:
Spend and Procurement Analytics Solution Rankings
About
Our View
Recent Coverage
Suplari is a modern, innovative take on spend analytics and supplier management whose mission is to make it easy for Enterprise procurement and finance teams to make faster and better purchasing decisions by connecting disparate data, automating analysis, and enabling collaboration and accountability. With Suplari, you are freed from data drudgery and armed with visibility and fresh insights each month