We’re excited to share that Tonkean ProcurementWorks has been included by ProcureTech in its 2023 list of “pioneering digital procurement systems": The 2023 ProcureTech 100.
Curated annually with Kearney, the 2023 ProcureTech100 catalogs the most “innovative, progressive and customer centric procurement technology, data and analytics solutions on the planet.” These are companies who are “supercharging procurement and the enterprise,” as ProcureTech writes on its website.
The 2023 list of 100 procurement providers was culled from research spanning more than 4,000 digital procurement companies.
As Dr. Elouise Epstein, a partner at Kearney, describes, “The ProcureTech100 helps the procurement industry to identify the latest and greatest technology, data and analytics solutions that will transform our collective procurement function, create short-term benefits, and enable long-term value in the supply chain.”
Tonkean’s inclusion on the 2023 ProcureTech100 comes on the heels of a big year for the company. Earlier this year, Spend Matters, a leading solution intelligence source for procurement and supply chain professionals, included Tonkean on its coveted “50 Providers to Watch” list for 2023.
Tonkean was also included by Gartner in the 2023 Procurement & Sourcing Solutions Hype Cycle report, in which analysts assess the relative maturity and potential of emerging sourcing and procurement technologies. The 2023 report focused on recent technical innovations, including AI, supplier collaboration, advancements in procure-to-pay suites, and intake management (which is where Tonkean was included).
Tonkean released ProcurementWorks, an intake orchestration tool that allows procurement teams to intelligently automate the purchasing process and create guided buying journeys for strategic spending, last spring.
As Tonkean co-founder and CEO Sagi Eliyahu described it back then, ProcurementWorks gives “procurement teams what they need to build buying experiences that are personalized, intelligent, and optimized for the requester. ProcurementWorks wraps around existing policies and systems—eliminating the need for change management, and allowing procurement teams to intelligently automate the intake, triage, and resolution of every kind of request.”
ProcureTech will be releasing its 2023 ProcureTech100 Yearbook soon. That will provide essential insights into and profiles of the 2023 ProcureTech100—including how Tonkean is “supercharging the digital procurement industry” later this month. Register to receive your copy here.
And to learn more about Tonkean ProcurementWorks and what we can do for your procurement team, head over to the ProcurementWorks solution page, or follow Tonkean on LinkedIn.