Scoutbee Recognized as a 2022 ProcureTech100 Company

ATLANTA, November 30, 2022--(BUSINESS WIRE)--Scoutbee, the leading AI-powered supplier intelligence and discovery platform, today announced it has been named a 2022 ProcureTech100 company - in the Analytics, Data & Intelligence Pioneers category - joining a select group of groundbreaking digital procurement solution providers.

ProcureTech, in association with Kearney, a global management consultancy, has researched, enriched, and analyzed the profiles of over 4,000 digital solutions worldwide. Then, in partnership with 70-plus procurement leaders, technology experts and B2B investors, they have chosen Scoutbee from these solutions, recognizing the company as one of the most forward-thinking, data-driven, and future-focused solutions that is writing the next chapter in procurement.

"Scoutbee powers procurement and supply chain teams across dozens of sectors - and the overall digital procurement ecosystem - to deploy innovation and ESG strategies that deliver noteworthy impact, at speed and scale, when it’s needed the most. Our team couldn’t be prouder and we’re honored to be listed in the ProcureTech100," said Gregor Stühler, Co-founder and CEO at Scoutbee. "This recognition speaks volumes about our commitment to guiding organizations in automating their procurement processes and placing innovation, supplier diversity, and ESG goals at the forefront of their daily operations," Gregor continued.

Innovation on the horizon

Over the last few years, companies have struggled to overcome several obstacles to success. For instance, procurement teams rely on mostly fragmented and unactionable data, which inhibits data-driven decision making.

Suppliers also use fragmented systems to present their capabilities to buyers, which can undersell the value that suppliers can deliver. Scoutbee continues to support procurement teams as they face these challenges heading into 2023.

Scoutbee enables procurement teams to make strategic and proactive sourcing decisions that strengthen supply chain resilience, advance supplier diversity and ESG strategies, drive innovation, and reduce time to market. Our data foundation acts as a cognitive layer in companies’ procurement software landscape, connecting teams to any data point – internal, external, third-party, and more – and data combination necessary to optimize the supply chain and make the right supplier decisions for their business.

The 2022 ProcureTech100 is a breath of fresh air and encourages companies to keep moving the needle forward.

"The ProcureTech100 helps the procurement industry to identify the latest and greatest technology, data, and analytics solutions that will transform the procurement function, create short-term benefits, and enable long-term value in the supply chain." - Dr. Elouise Epstein, Partner, Kearney.

"The pace of innovation and the ability of digital procurement solutions to scale over the last year has been impressive. Exceptional CEOs and founding teams are inspiring a monumental change in the digital procurement ecosystem and helping to solve global challenges," Lance Younger, Founder and CEO at ProcureTech, added.

Scoutbee is included in the 2022 ProcureTech100 Digital Yearbook, which will be published on December 8, 2022. Pre-register here for access to the publication. Additionally, as part of the 2022 ProcureTech100, Scoutbee will join several new initiatives and looks forward to further engagement with procurement’s movers and shakers in 2023.

About the 2022 ProcureTech100

The ProcureTech100 identifies and champions the 100 pioneering digital procurement technology, data, and analytics solutions that are supercharging procurement and enterprise. The ProcureTech100 are the pioneers that are inspiring and driving procurement’s digital transformation. Pioneers that are customer-centric, innovative, high growth, and make a social impact. Pioneers that are agile and scalable, with teams dedicated to creating an impact that matters. Selected from over 4,000 digital solutions from all over the world, using enriched proprietary data and analysis, combined with the collective experience of over 70 procurement leaders, technology experts and B2B investors. Visit the website to learn more.

About Scoutbee

Powered by AI and big data, Scoutbee enables faster end-to-end strategic sourcing processes with up to 90% less effort versus traditional methods. By providing comprehensive and dynamic supplier data, Scoutbee facilitates proactive sourcing decisions that strengthen supply chain resilience, improve sustainability, drive innovation, reduce time to market, and increase diversity. Scoutbee is trusted by industry leaders in automotive, fast-moving consumer goods, energy and utilities, and off-road vehicles. Having won many prestigious awards, including Unilever’s 2022 "Partner with Purpose", Scoutbee is a recognized leader in AI-driven procurement technology. Backed by HV Capital (formerly HV Holtzbrinck Ventures), 42cap, Toba Capital, Atomico, Lakestar, and Next47, Scoutbee has raised $76m in funding to date. For more details, visit the website and follow Scoutbee on LinkedIn, Twitter and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221130005165/en/

Contacts

Elle Lynott (Corporate Ink for Scoutbee)
scoutbee@corporateink.com
+1 617.969.9192