“Procurement solutions have evolved from horizontal, legacy procure-to-pay applications to purpose-built and connected point solutions,” says Base10, a venture capital firm that specializes in partnering with businesses focused on bringing automation to traditional sectors of the economy.
Recently, Base10 Principal Caroline Broder conducted research in the procurement software industry to compile a report and trend map, identifying companies that are making waves in this sector.
The companies selected for this category were determined by the researchers to excel in the area of insights and analytics around performance of an organization’s procurement operations. The grouping includes companies focused on “predictive procurement” as well as contract management businesses which help to control risk, while managing financial performance of vendors and contracts.”
Terzo’s AI-driven software gives users a comprehensive look at their supplier portfolio, from contract renewals to performance reviews to risk projection. Based on our platform’s capabilities, the end markets we serve, and place in the procurement cycle, Terzo was deemed an excellent fit for Base10’s trend map. You can read the full research snapshot here.
To learn more about how Terzo can assist with your contract intelligence and supplier management needs, contact us today.
