One broad option is JAGGAER, a suite of procurement software that uses AI to automate tasks like contract management and PO matching. It also has modules for cost optimization, supply chain resilience and invoicing, and is a Gartner Leader in the Magic Quadrant for Procure to Pay Suites. JAGGAER is geared for big companies that want to cut process costs dramatically and improve efficiency.
Another option is Esker, which automates repetitive work in many different areas. Esker's software spans Source-to-Pay (S2P) and Order-to-Cash (O2C) processes, including sourcing, supplier management and order management. Its cloud foundation, artificial intelligence and multi-ERP integration make it adaptable for improving data quality, customer satisfaction and operational efficiency.
Ivalua is a cloud-based procurement software package that offers end-to-end transparency and automation across the source-to-pay process. It includes modules for direct materials sourcing, supply chain collaboration and environmental impact management. Ivalua's modular design is customizable for hundreds of top brands, so it's a good option for companies that want to modernize procurement and supply chain operations.
Last, Zip is an AI-powered procurement orchestration platform that streamlines intake, sourcing, purchase orders and payments. It automates PO and invoice processing, streamlines RFx management, and offers real-time commenting and customizable approval workflows. Zip integrates with existing technology stacks so companies can improve financial predictability and reduce rogue spending.