Apr. 21, 2020 — Today, Spend Matters named Shortlist to their 7th annual ’50 to Watch’ list for 2020. The procurement industry publication releases the list each Spring and comprises the 50 leading tech and service providers that standout in the procurement solutions market. The list contain “the firms that every CPO should know about and understand to some extent,” says Peter Smith, Spend Matters author and Supply Chain expert.
Resulting from thousands of data points, demonstrations, and careful analysis and benchmarking, the procurement experts at Spend Matters see the list as those that are doing something interesting in the market and will be major enterprise players in the future. “These are the up-and-comers: solution providers who continue to grow and develop innovative products propelling the market forward,” says Nancy Clinton, Editor for the firm. “The ones we think our readers and subscribers should take a look at.”
The list, not rankings, is formed from unbiased, independent reviews carried out by their team of analysts. Vendors are selected over multiple rounds of debate, focusing on factors such as growth, innovation, tech capabilities, and solution delivery (the full methodology can be found here.) “These lists are the work of a team who understand the procurement solutions market and the players better than anyone else in the world, we would argue,” says Clinton.
The honor is the first for Shortlist, who were founded in 2015 by Joey Frasier and Martin Konrad. “This is recognition we can be proud of as it speaks to our growth both from a product and business standpoint,” says Konrad who also serves as Chief Product Officer. “A major goal of Shortlist was to become a substantial player in the procurement technology space, so I think this reinforces the fact that we’re making progress and heading down the right path.”
The complete list of this year’s honorees are below in alphabetical order: