On October 17th, 2022, Spend Matters®, a leading US-based solution intelligence source for procurement and supply chain professionals in the world, released its 9th annual edition of the 50 Providers to Watch.
For the second year in a row, SupplHi, the Vendor Management platform for Critical Equipment and Services, has been named among the 50 Providers to Watch in digital procurement in 2022, following a rigorous evaluation process performed by Spend Matters Analysts,.
Spend Matters’ methodology for producing the list verifies that the providers meet several requirements pertaining to the following points:
- Strong technological competence
- High levels of innovation and customer-proof points in the market
- Geographical presence across Europe and/or North America
- One-to-One direct solution delivery
Moreover, Spend Matter’s technology analysts assess over 100 different companies across 10 different sectors of the procurement technology market, and then proceed to nominate their individual picks. At this point, multiple team meetings are called with strong debates on which picks will make the cut. The 50 Providers to Watch list is then finalized and announced in conjunction with the SIG (Sourcing Industry Group) Global Executive Summit in addition to the formal announcement on Spend Matters.
As Nick Heinzmann, Vice-President of Research at Spend Matters said, the difficulties and unexpected challenges of the recent years are “macro forces and shifting competitive dynamics breathing new life into the procurement technology market” that some providers are turning into opportunities to ride the new waves better than others.
Indeed, SupplHi has grown a lot in the last few years, transforming and expanding its platform to become a one-stop digital solution for managing global and complex vendor bases from one end to the other, covering both the most traditional necessities as well as the most recent ones, from vendor scouting to ESG assessment, form Vendor Qualification to GHG emission monitoring.
In the words of Sr. Analyst for Supplier Management and Sourcing Bertrand Maltaverne,
“SupplHi’s SxM solution is based on industry-specific standard models and deep taxonomy that allows to match needs and capabilities of buyers and vendors of industrial equipment and services (and that will extend to other verticals). It has the deepest model and content with regard to defining technical capabilities, quality controls and compliance/regulatory requirements that it embeds in SxM processes from the initial onboarding (and validation processes) to the ongoing management of suppliers. It recently enhanced its offering for risk and GHG/CO2 management by following the same structured approach nurtured by deep industry knowledge and partnerships.”
Giacomo Franchini, Director of SupplHi, reacted to the recognition with enthusiasm, stating that “it is a testimony to the strong innovation and high competitiveness sewn into SupplHi, as we see it becoming one of the most innovative and trustworthy companies in the procurement software space.” He also added that “The team and I are honored and proud to have been re-confirmed as part of such an influential list of providers, and would like to extend our thanks to the Spend Matters team for studying our platform and understanding its value. Moreover, I would also like to thank our Customers, who are our #1 priority and who help us improve and enhance our SaaS, everyday”.
To be part of the 50 To Watch list is a recognition for all of SupplHi’s team, working hard to deliver the highest quality of service and a best-of-breed platform.
Read more about the “50 Providers to Watch” and browse Spend Matter’s Almanac here: https://spendmatters.com/2022/10/17/spend-matters-names-the-2022-50-providers-to-know-50-providers-to-watch-and-future-5-start-ups/
Solution Intelligence for Procurement Spend Matters (www.spendmatters.com) is the leading solution intelligence source for procurement and supply chain professionals in the world. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner. Spend Matters is owned and managed by Azul Partners, Inc.