Gartner claims that as IT procurement tries to meet changing business objectives and autonomy, its value proposition is deteriorating. According to Gartner, sourcing, procurement, and vendor management leaders must embrace a successful engagement approach that focuses on facilitating business objectives through digitally enabled processes if they want to be relevant.
IT procurement comprises several procedures that are concerned with determining the business and strategic needs for IT, choosing the best options, and then making the purchases.
Technology and procurement are linked in contemporary company IT. Big company relies on these firms to manage its supply chain. We examine this list of 10 top providers of digital procurement solutions for major enterprises.
1.SAP Ariba
In Procurement Magazine’s list of the Top 100 Companies for 2022, SAP Ariba came first. Being the world’s most extensive commercial commerce network, SAP Ariba combines the most prominent online trading community with market-leading cloud-based apps to foster collaboration. Organizations can connect to their partners through the Ariba Network from any application or device, at any time, for more effective and efficient buying, selling, and cash management. SAP Ariba’s solution assists businesses in digitizing and streamlining the entire end-to-end procurement process through a single, integrated platform in the cloud.
2.Oracle
Oracle helps its customers innovate, uncover efficiencies, and become more efficient by offering its cloud, computer infrastructure, and software solutions to organizations worldwide. Oracle developed the world’s first and only autonomous database intending to help to organize and secure consumer data. The procure-to-pay, strategic sourcing, and supplier management operations are all automated via Oracle’s Fusion Cloud Procurement package. Users may manage direct materials, services, and complex procurement, boost agility with supplier relationship management (SRM), manage the lifespan of supplier contracts, ensure compliance, and much more with the integrated source-to-settle suite.
3.JAGGAER
JAGGAER has been in business for over 25 years and is a top Procure-to-Pay (P2P) provider for government and higher institutions. Customers of JAGGAER’s solutions for eProcurement and strategic sourcing get access to the best suppliers and terms through its scalable, adaptable, and user-friendly platform. The global disruption to the supply chain and the manufacturing of products and services has led to a rise in board-level attention and acknowledgment of procurement’s strategic significance. Many have dubbed 2021 a year of “trial by fire.” Their SaaS-based source-to-settle solution offers suppliers and procurement professionals unmatched visibility, insights, and suggestions.
4.IBM Emptoris
Strategic Supply Management solutions from IBM Emptoris help businesses increase financial performance and minimize commercial risk. Global 2000 firms effectively utilize the range of award-winning and well-known industry sourcing, contract management, spend analysis, supplier lifecycle management, services procurement, and telecom expense management solutions.
IBM assists its clients in “building better supply chains for today are ready for the future” with its supply chain services. By enabling intelligent, end-to-end supply chain visibility and transparency, reducing the complexity of supplier onboarding and collaboration, and delivering on more customer commitments, IBM assists people in procurement and supply chain.
5.Capgemini 
With the goal of “unleashing human energy via technology for an inclusive and sustainable future,” Capgemini, a leader in technological transformation, is motivated to achieve this goal. Customers rely on Capgemini’s extensive industry knowledge to meet business demands with cutting-edge cloud, data, AI, connectivity, software, digital engineering, and platform solutions.
Capgemini assists its clients in gaining the advantages of the close alignment between operational procurement and accounts payable by closely collaborating with their customers in the procurement space. By balancing industry best practices with your company’s particular needs, Capgemini develops and implements solutions tailored to your company’s needs.
6.Coupa Software 
Coupa Software is a cloud platform for corporate spend management that gives insight and control to international organizations so they can manage their spending more wisely and securely (BSM). Users can handle all transactions across the supply chain, payments, and procurement using the company’s single platform.
The comprehensive platform from Coupa Software has been created with the end-user in mind, making it flexible and easy to use. The goal of Coupa Software is to provide business value.
7.Tipalti 
When digital networks lacked the technology to handle bulk payments to international partners, Tipalti was founded in 2010. They saved time and didn’t have to hire more payment people because Tipalti’s platform automated this challenging issue. Tipalti’s yearly transaction volume topped US$23 billion in 2021, and its revenue increased by at least 80%. Tipalti has recently been recognized as a global leader in midmarket accounts payable automation by IDC MarketScape.
8.E2open
E2open is a primary network-based provider of mission-critical, end-to-end supply chain management software entirely cloud-based. All levels of inventories, international trade, production, and logistics can be managed via the network and applications of E2open from a single, centralized platform tucked away in the metaphorical cloud. Tesco, a major retailer, and E2open recently formed a partnership. Tesco will be able to use the E2open platform to coordinate their ever-expanding global community of suppliers and logistical partners as they work to provide service to almost 4,000 Tesco-branded supermarkets worldwide.
9.GEP
GEP is a top supplier of Source-to-Pay (S2P) solutions for procurement with more than 20 years of experience in the field. The company’s GEP SMART solution provides users with a single, cloud-native procurement platform to easily and conveniently manage all direct and indirect costs.
The end-to-end procurement functionalities offered by GEP’s unified S2P procurement software platform and a wide array of tools reduce the need for separate, independent software, modules, or tools for managing particular operations.
GEP’s end-to-end procurement process is more efficient with GEP SMART, accelerating digital transformation. Their procurement team’s performance is raised to a new level, expanding its strategic influence.
10.Epicor
Epicor Software has almost 50 years of experience. It offers a wide range of services that are helpful for the procurement function, including financial management, supplier relationship management, governance, risk, compliance, e-commerce, data management, business intelligence, inventory management, and many more. The innovative solutions offered by Epicor Software are carefully created to meet the requirements of their clients and are flexible enough to adapt to the rapid changes in the real world.
