The 11th annual list recognizes fast-rising companies in the procurement and supply chain market that are moving the industry forward
ATLANTA, Oct. 8, 2024 /PRNewswire-PRWeb/ — Focal Point, provider of an end-to-end enterprise procurement management platform, today announced its recognition as one of Spend Matters 2024 “50 Providers to Watch,” a list that is sourced and calculated by the entire Spend Matters analyst team to represent the best of the technology providers that serve procurement, finance, and supply chain organizations.
“Successful procurement professionals today no longer focus exclusively on cost savings, but instead embrace a more strategic approach that considers how ESG, diversity, and risk management support larger business objectives,” said Anders Lillevik, Focal Point CEO. “This paradigm shift in procurement philosophy and the demand for technology that enables it has driven significant growth for us. Being recognized on this list for the second year in a row reflects the success of our customers and the ongoing dedication of the entire Focal Point team.”
“Successful procurement professionals today no longer focus exclusively on cost savings, but instead embrace a more strategic approach that considers how ESG, diversity, and risk management support larger business objectives.“
Each year the 50 Providers to Watch list recognizes the fast-rising companies in the procurement and supply chain market – and this is the eleventh annual release. These are the up-and-comers: solution providers who continue to grow and develop innovative products propelling the market forward.
“A member of our 2022 Future 5 list, Focal Point has become a vendor to watch because it has evolved from its original centralization and tracking value proposition to focus on orchestration,” said Nikhil Gaur, the Spend Matters Research Analyst & Project Associate. “The provider is equipped to handle the full orchestration process, including intake management, for a variety of customers.”
View the full list of the 2024 “50 Providers to Watch”.
About Focal Point
Focal Point empowers enterprise Chief Procurement Officers to fully modernize and optimize their operations. With Focal Point’s end-to-end procurement management platform, procurement teams can maximize the value of every dollar spent, ensure the safety and security of all transactions, and ultimately enhance the customer experience. Focal Point’s platform integrates seamlessly with legacy procurement infrastructure, ensuring maximum ROI on existing investments. Global brands manage their procurement with Focal Point. The company was founded in 2020 and is headquartered in Atlanta. For more information, please visit https://www.getfocalpoint.com/ or email info@getfocalpoint.com.
About Spend Matters
Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors, and solution providers alike as their procurement technology intelligence partner.
Media Contact
Peter Moran, Indicate Media, (347) 880-2895, peter@indicatemedia.com
SOURCE Focal Point
