‍Zürich, Switzerland – October 19, 2022 – Archlet, the intuitive source-to-award Procurement platform for strategic sourcing managers, today announced it has been selected for Spend Matters' 50 Providers to Watch list. Each year, Spend Matters recognizes 50 fast-rising organizations as top up-and-coming solution providers who continue to grow and develop innovative products propelling the market forward.

“We’re thrilled to be recognized once again in the annual Spend Matters lists. Being featured in the “50 to Watch” confirms the growing need for data-driven and intuitive sourcing analytics and optimization solutions. Archlet’s platform is designed to be used by all strategic sourcing managers across spend categories and event complexities", says Tim Grunow, Co-Founder and Managing Director at Archlet. "We’re providing access to best-in-class capabilities that historically were only available to highly trained power users. With Archlet, all users can easily and quickly analyze and model sourcing scenarios that include sustainability, risk, or supplier diversity scores, enabling more strategic sourcing decisions that increase competitive advantage”.

The Spend Matters 50 to Watch list is now in its seventh year of publication. Acknowledged companies are independently selected by SpendMatters' team of analysts over multiple rounds of debate, focusing on factors such as growth, innovation, tech capabilities, and solution delivery. Archlet was featured in the organization's "Future 5" list in 2021.

Speaking on why Archlet was selected for this year's list, Nick Heinzmann, VP of Research at Spend Matters said, “Future 5 alum Archlet pushes sourcing optimization into a new phase via an accessible tool capable of being more easily applied to all categories. The vendor is worthy of watching as it expands into a full sourcing tool. It also has a strong set of customer references."

Archlet’s enterprise customers, such as Total Energies, PepsiCo and Coop, use the intuitive bid analytics platform to manage and optimize complex tenders, achieving impactful and measurable results across direct and indirect spend categories.

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About Archlet

Archlet is an intuitive source-to-award platform- simplifying how Procurement teams store, analyze and optimise their data. Strategic sourcing managers harness Archlet’s automated bid analytics to bring clarity to their data and surface immediate insights that maximize negotiation power. Global enterprises rely on Archlet to erase inefficiencies from their sourcing process and make better decisions faster. Learn more at archlet.io 

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.