It’s a Six Pack! Icertis Named to ‘Spend Matters 50 to Know’ List for Sixth Year in a Row

October 16, 2022

For the sixth year running, Icertis was selected as a “Spend Matters 50 to Know” organization, recognizing Icertis as one of the 50 technology providers delivering enterprise-level solutions to drive better procurement outcomes.

The “Spend Matters 50 to Know” list, along with a companion “Spend Matters 50 to Watch” list, is analyzed, discussed, and voted upon by the entire Spend Matters analyst team. 

Companies across North America and Europe are considered for these lists and must demonstrate continuous innovation along with customer-proof points throughout the market. Each organization delivers solutions directly to their customers and fall within the core procurement areas of the Spend Matters Solution Map, which includes contract lifecycle management (CLM).

Every year, the Spend Matters analyst team gathers to review the previous year’s list and determine who should remain, before nominating new organizations that have made significant impacts on the market throughout the last year. In announcing the newest list, the Spend Matters team noted how dynamic the procurement technology space is—and how providers are differentiating themselves by the value they’re delivering to customers.

“Macro forces and shifting competitive dynamics are breathing new life into the procurement technology market – and some providers will ride the new wave better than others,” said Spend Matters Vice President of Research, Nick Heinzmann. 

Icertis has revolutionized the role contracts play in procurement through advanced AI and deep integrations into surrounding procurement systems, allowing organizations to realize the full value of every contract. Our contract intelligence platform has helped companies not only increase savings and firm up supply chains, but respond to sanctions, inflation and other market challenges that have become increasingly relevant over the past year.

Our unique approach to business and innovation has yielded significant results, including a significant new partnership with SAP. Alongside SAP, we’ve created a joint product roadmap, empowering our customers by extending their SAP ecosystems by directly integrating with SAP Ariba that seamlessly optimizes the source-to-pay process. 

Our partnership signifies SAP’s belief in our ability to help organizations scale as they tackle enterprise-wide contract intelligence. Together we have built a unified and unrivaled go to market plan that is transforming procurement teams around the world. 

Icertis has a unique vision for how better contracting can transform procurement, and we execute on that vision every day. Being selected for the Spend Matters 50/50 list for the sixth consecutive year is an honor and a reminder that our continued innovation has a profound impact on procurement operations.