AWARDS REVIEW
THE START-UP AWARD
Recognising start-ups with innovative solutions and a commitment to making a positive impact in the procurement and supply chain industry , the Start-Up Award honours those providing unique solutions or services to meet the needs of the procurement and supply chain industry .
THE WINNER : SPENDKEY
In a rapidly evolving procurement landscape , London-based start-up Spendkey is making waves with its innovative AI-powered spend strategy platform . Founded in 2020 by former strategic consultants Alex Grundy and Akshay Upadhye , Spendkey has quickly established itself as a formidable player in the spend analytics market .
The company ’ s platform leverages advanced AI technology to transform raw financial data into actionable insights , enabling businesses to make more informed spending decisions . Spendkey ’ s solution suite covers a comprehensive range of procurement functions , including spend management , budgeting and forecasting , category management , contract analytics and risk management .
What sets Spendkey apart is its ability to process and analyse vast amounts of data with remarkable speed and accuracy . The platform can categorise spend data at the line-item level with 99.9 % accuracy , significantly outperforming manual processes .
SHORTLISTED COMPANIES
• aiOla
• DepoDone
• Qalara
• Spendkey Limited
• Tonkean
HIGHLY COMMENDED
• Tonkean
• Qalara
READ THE FULL STORY
148 October 2024