Free List Of Top 10 Spend Management Software Companies

Spend management is a critical aspect of running a successful business, and with the advancement of technology, companies now have access to a wide range of spend management software solutions. In the United States, there are several companies that provide top-notch spend management software to help businesses streamline their procurement, expense management, and budgeting processes. This article provides an overview of the top 10 spend management software companies in the US, including their sector, year founded, annual revenue, short description, and a link to their websites.

Overview of the Top 10 Spend Management Software Companies in the US

1. Coupa Software

– Sector: Software

– Year Founded: 2006

– Annual Revenue: $541 million (fiscal year 2021)

– Description: Coupa Software is a leading provider of cloud-based spend management solutions. The company’s platform helps businesses efficiently manage procurement, expenses, and invoices.

– Link: [Coupa Software](https://www.coupa.com)

2. SAP Concur

– Sector: Software

– Year Founded: 1993

– Annual Revenue: Approximately $1.06 billion (fiscal year 2019)

– Description: SAP Concur offers integrated travel, expense, and invoice management solutions to help businesses control costs and simplify processes. The software helps businesses gain visibility into their spending and improve compliance.

– Link: [SAP Concur](https://www.concur.com)

3. Oracle

– Sector: Software

– Year Founded: 1977

– Annual Revenue: $39.07 billion (fiscal year 2021)

– Description: Oracle provides a range of cloud-based spend management solutions to help businesses optimize their procurement processes, control costs, and drive efficiency. The company’s software covers procurement, expenses, and supplier management.

– Link: [Oracle](https://www.oracle.com/applications/procurement)

4. JAGGAER (formerly BravoSolution)

– Sector: Software

– Year Founded: 1995

– Annual Revenue: Not publicly disclosed

– Description: JAGGAER offers comprehensive spend management solutions including procurement, sourcing, supplier management, and contract lifecycle management. The company helps organizations optimize their supply chain and achieve cost savings.

– Link: [JAGGAER](https://www.jaggaer.com)

5. Ivalua

– Sector: Software

– Year Founded: 2000

– Annual Revenue: Not publicly disclosed

– Description: Ivalua provides a unified spend management platform that covers procurement, sourcing, contracts, and supplier management. The company’s software is designed to help businesses achieve operational excellence and drive sustainable value.

– Link: [Ivalua](https://www.ivalua.com)

6. Procurify

– Sector: Software

– Year Founded: 2012

– Annual Revenue: Not publicly disclosed

– Description: Procurify offers cloud-based procurement and spend management software designed to simplify purchasing, streamline approvals, and provide real-time insights into spending. The company helps businesses achieve transparency and control over their procurement processes.

– Link: [Procurify](https://www.procurify.com)

7. GEP

– Sector: Software

– Year Founded: 1999

– Annual Revenue: Not publicly disclosed

– Description: GEP provides a comprehensive procurement and supply chain software platform that helps businesses streamline their sourcing, procurement, and spend management processes. The company’s software is designed to drive cost savings and operational excellence.

– Link: [GEP](https://www.gep.com)

8. Basware

– Sector: Software

– Year Founded: 1985

– Annual Revenue: Approximately €149 million (fiscal year 2020)

– Description: Basware offers cloud-based solutions for procurement, invoice automation, and financial management. The company’s software helps businesses automate and optimize their financial processes to achieve cost savings and efficiency.

– Link: [Basware](https://www.basware.com)

9. Advanced

– Sector: Software

– Year Founded: 1983

– Annual Revenue: £274.3 million (fiscal year 2019)

– Description: Advanced provides a range of software solutions, including spend management software, to help businesses automate processes, drive cost savings, and improve efficiency. The company’s software covers expense management, procurement, and supplier management.

– Link: [Advanced](https://www.oneadvanced.com)

10. Precoro

– Sector: Software

– Year Founded: 2015

– Annual Revenue: Not publicly disclosed

– Description: Precoro offers a cloud-based procurement software solution that helps businesses streamline their purchasing processes, track spending, and gain control over their procurement activities. The company’s software is designed to simplify procurement and reduce manual work.

– Link: [Precoro](https://www.precoro.com)

These top 10 spend management software companies in the US offer a wide range of solutions to help businesses effectively manage their spending, streamline procurement processes, and achieve cost savings. Whether it’s controlling expenses, optimizing supplier relationships, or automating procurement, these companies provide the tools and technology to meet the diverse needs of businesses across various industries.

Overall, investing in spend management software can transform the way businesses manage their finances, streamline their operations, and drive sustainable growth. With the right solution in place, businesses can achieve greater visibility and control over their spending, improve compliance, and make more informed decisions to support their long-term success.

With the ever-increasing complexity of managing spend, businesses need robust and flexible software solutions to stay competitive and agile in today’s dynamic business environment. The top 10 spend management software companies in the US are at the forefront of providing innovative and scalable solutions to empower businesses to effectively manage their spend and drive greater value across their organizations.

By harnessing the power of technology and embracing modern spend management practices, businesses can gain a competitive edge and carve a path toward sustainable growth and success in the ever-evolving marketplace.