Question: Can you recommend a platform that combines spend analysis, sourcing, and contract management for procurement and supply chain operations?

If you want a full-fledged platform covering spend analysis, sourcing, and contract management for procurement and supply chain operations, GEP has a lot to offer. Its GEP SMART platform offers a single source-to-pay platform for direct and indirect procurement, including spend analysis, sourcing, contract management, supplier management and procure-to-pay. The GEP NEXXE platform is geared for end-to-end supply chain management, with the goal of increasing efficiency, productivity and speed.

Another top contender is JAGGAER, a comprehensive procurement software platform that automates procurement processes. It includes contract management, spend analytics, sourcing, supplier management and source-to-pay technology strategy. JAGGAER is highly customizable and integrates well with ERP systems, which can mean big cost savings and process improvements, especially for large enterprises.

Coupa offers a cloud-based spend management platform that spans procurement, supply chain, finance and IT. It uses AI to automate source-to-pay processes, treasury management and supply chain collaboration. Coupa says it can help companies run more efficiently and profitably by giving them a single view into global cash positions and automating processes.

Last is Ivalua, a cloud-based procurement software company with a full source-to-pay platform. It includes direct materials sourcing, supply chain collaboration, inventory management, supplier risk and performance management and contract management. Ivalua's platform is highly customizable and many big brands use it, promising end-to-end transparency and automation.