Each year the 50 Providers to Know list recognises the best-in-class companies in the procurement and supply chain market – and this is the tenth annual release! These are firms you need to know; they lead the charge on new procurement technologies and services, setting the industry standard.
Vendors listed are independently selected by the analyst team over multiple rounds of debate, focusing on factors such as innovation, market presence, tech competency, and solution delivery.
“Market Dojo (part of Esker) is a solution tailored for the mid-market and offers a flexible deployment and business model approach, low pricing, ease of use and increasingly full-featured set of suite components. The acquisition by Esker extends further the functional ecosystem of the solution.
– Bertrand Maltaverne, Senior Analyst
“The procurement technology market has continued to evolve in 2023. The progression of existing macroeconomic trends, combined with the proliferation of new technologies such as generative AI, have forced software providers to make crucial product development and resource allocation decisions.
“As procurement departments are looking to technology for increased efficiency as well as cost savings, providers are using new means to appeal to the market. To help make sense of these developments and the long-term market outlook beyond the hype, we’re pleased to present Spend Matters’ tenth annual ‘50 Providers to Know,’ ‘50 Providers to Watch’ and ‘Future 5’ listees, sourced and calculated by the entire Spend Matters analyst team to represent the best of the technology providers that serve procurement, finance and supply chain organizations.
“This year’s lists are the first to feature a numerical scoring scale to quantify factors previously considered ‘soft’ as the first step in the analyst selection process. In conjunction with criteria added in previous years such as mindshare in the market and customer reference requirements, the process behind these lists has become more programmatic and objective. The market can be confident that the providers chosen for these lists are truly the most impressive in the industry.”
– Nikhil Gaur, Research Analyst & Project Associate, Spend Matters
“This is fantastic news and represents not only our maturity and penetration in the global market but also a clear reflection of the investment in our capability and user-led functionality. Exciting developments in AI and Autonomous Sourcing are putting us on the map, plus with the seamless integration of S2P functionality with Esker we are ecstatic to receive positive recognition from important industry players like Spend Matters.”
– Alun Rafique, CEO, Market Dojo
About Market Dojo
The global procurement software provider focused on digitising and automating inefficient sourcing and supplier management processes. Their on-demand, best-of-breed solutions incorporate technologies like Artificial Intelligence (AI) to control costs, drive increased productivity, enhance visibility, reduce risk, and improve collaboration. Market Dojo operates worldwide, headquartered in Stonehouse, UK, and is 51% owned by Esker, a global cloud platform. For more information on Market Dojo and its best-of-breed solutions, visit marketdojo.com. Follow Market Dojo on LinkedIn and join the conversation on Market Dojo’s blog.