ProcureTech SIGNALS 2022 Issue #51

Lance Younger

ProcureTech CEO l Digital Procurement Transformation l We are hiring!

Published Dec 22, 2022

Welcome to this week's ProcureTech SIGNALS LinkedIn newsletter!

This week, we reflect on the 2022 Predictions made by last year's pioneers - were their glass balls correct? Think ahead to stay ahead as we prepare for our 2023 ProcureTech Predictions webinar, with insights from the 2022 ProcureTech100 pioneers on 19th January at 3pm GMT.

Since announcing the 2022 ProcureTech100 on the 22nd November, the pioneers have filled our social feeds. Thoma Bravo acquired Coupa Software for $8 billion; The Smart Cube was acquired by WNS ; and companies like Pactum AI , Terzo and Zylo secured big rounds of funding.

The 2022 Social Impact and Source to Pay ProcureTech100 pioneers step into the limelight, comprised of sustainable solutions deploying new blockchain and social tech, and source to contract and P2P solutions.

All included, plus more insights, in the ProcureTech100 2022 Yearbook!

Looking back into Procurement's glass ball: whose 2022 Predictions were fairest of them all?

We reflect on the top 10 Predictions for 2022 from the 2021 ProcureTech100 and see if their glass ball visions were true.

At the beginning of the year, we asked the 2021 ProcureTech100 for their Procurement Predictions for 2022. Now at the end of another very busy, yet triumphant year for procurement, we’re able to look at the top 10 across 4 key themes: Digitalisation; Intelligence; People, Planet & Prosperity; and Organisation.

Take a look at which predictions were right (or not) from this year.

Social Impact - 2022 ProcureTech100 pioneers

Blockchain. Marketplaces. Carbon accounting. Sustainability management.

The Social Impact category includes sustainable procurement solutions deploying new blockchain and social technologies, alternative business models and marketplaces. Many solutions are pushing the procurement agenda on carbon accounting and offsetting, enterprise sustainability management, supply chain traceability, transparency and reporting, and sustainability assessment.

Learn more about the Social Impact category here.

Source to Pay - 2022 ProcureTech100 pioneers

Suites. P2P. Sourcing. Maturity.

The Source to Pay category is defined by solutions that provide source to contract and purchase to pay solutions, and frequently additional modules including analytics and supplier management. There is slow overall growth and introduction of innovation. Finance/Pay solutions are pushing into the S2P space with B2B payments, and ERP solutions offering S2P capabilities too.

Learn more about the Source to Pay category here.

Procurement reads

Some of the ProcureTech team's favourite reads from 2022...

🚀 A $900bn market by 2023: Why SaaS growth isn't slowing down

Experiences

The must-attend digital procurement experiences

🎉 SCM Lecture: Lead-time and demand forecasting Lokad 11 January 2023

🎉 Empowering procurement transformation with trusted supplier data TealBook 12 January

🎉 2023 Predictions & Purpose ProcureTech 19 January

🎉 Big Ideas Summit Procurious 9 March London

🎉 Ivalua NOW Ivalua 29-30 March 2023

Podcast

Check out the featured podcast...

🔎 How can you ensure sustainability within your supply chain? Makersite 's Founder and CEO, Neil D'Souza , talks through the power of enriched data and creating 'digital twins' to work on decarbonisation in your supply chain. Listen here 🎧

If you enjoyed this newsletter, then please share with your peers and friends, more collaboration and conversation = more inspired action!

As usual, we'd also love to hear your wisdom, feedback and suggestions on any 'hot' 🔥 digital procurement topics or events you'd like to hear more about or to share.

The ProcureTech Team