If you need a broad spend management system to oversee your company's spending in all categories, Spend Management is a strong contender. It automates and actively manages direct and indirect spend, giving you a single view of your company's spend. It includes tools for spend data analysis, end-to-end business process integration and generative AI to lower costs and improve collaboration. The platform automates processes and offers real-time visibility, helping employees make informed spending decisions and connecting to back-end systems and partners.
Another strong contender is Coupa, a cloud-based spend management platform that spans procurement, supply chain, finance and IT. Coupa automates source-to-pay processes, treasury management and procurement with AI, giving customers a single view of global cash positions and automating processes. It's designed to increase efficiency, collaboration and growth, making it a good choice for direct and indirect spend.
For an AI-infused approach, GEP has a powerful option with its single source-to-pay platform (GEP SMART) and end-to-end supply chain management platform (GEP NEXXE). GEP's AI-First Approach helps customers work more efficiently and productively, with a user-friendly interface and deep integration with large ERP systems. The platform has won industry recognition and analyst accolades for delivering significant cost savings and improved profitability.
Last, Ivalua offers a cloud-based procurement software system that covers all aspects of spend and suppliers, offering end-to-end transparency, automation and collaboration. With tools for direct materials sourcing, supply chain collaboration and supplier risk management, Ivalua helps customers make faster and more confident decisions across the source-to-pay process. Hundreds of top brands use Ivalua, which is highly customizable and flexible, and can help your organization generate value.