ivoflow, a leading Spend Analytics Platform for the Manufacturing Industry, has been selected as one of the 2024 ProcureTech100 – a prestigious list of the top 100 cutting-edge digital procurement solutions. Now in its fourth year, the ProcureTech100, published by ProcureTech in collaboration with Kearney, has become a trusted global resource for procurement leaders seeking innovative, AI-driven digital tools that are driving critical transformation. The selected organizations represent the most forward-thinking, customer-centric, and advanced procurement technologies. This year’s cohort is accelerating progress for procurement teams, suppliers, and enterprises worldwide.
"For ivoflow, it is a special honor to be named to the list for the second year in a row. Not only because the selection process is incredibly thorough, but also because we are able to compete internationally with companies that have been in the market for many years," says Nicolas Neubauer, Co-Founder and Managing Director of ivoflow.
The rigorous and independent selection process began with an analysis of over 5,000 technology, data, and analytical digital procurement solutions, evaluating thousands of key data points from proprietary databases. This process narrowed the field to a shortlist of organizations across 10 categories. From there, over 80 global corporate digital procurement leaders, digital experts, and B2B investors applied their insights and experiences to assess the shortlist. The combination of both quantitative and qualitative data shaped the final 2024 ProcureTech100.
“The procure tech space continues to be a powerful hub of innovation and inspiration. As we advance to the future, the market continues to grow and contract, a sign of a healthy, dynamic ecosystem,” commented Dr. Elouise Epstein, Partner at Kearney.
ProcureTech CEO Lance Younger noted, “Organisations selected for this year’s ProcureTech100 continue to push the boundaries of the possible, trailblazing for the industry, offering unrivalled user experience and scalability, solving the most complex and simple procurement challenges.”
Ultimately, the organisations selected for inclusion in the 2024 ProcureTech100 represent a globally diverse group of solutions that have, in 2024, attracted continued investment, underscoring the relentless focus on solving digital procurement, sustainability, risk, and commercial challenges.
About ProcureTech ProcureTech are on a mission to accelerate and amplify the digital future of procurement, by solving current and emerging challenges that require new thinking and a new platform for procurement leaders, entrepreneurs, and the procuretech ecosystem. Catalysing digital procurement transformation, ProcureTech leverages a proprietary platform connecting solutions, intelligence, and experts to digitally shift procurement performance.
About Kearney Kearney is a leading global management consulting firm with more than 5,700 people working in more than 40 countries. We work with more than three-quarters of the Fortune Global 500, as well as with the most influential governmental and nonprofit organisations.
