Connxus, a leader in supplier relationship management (SRM) and supplier diversity software solutions, has been named one of Spend Matters’ 50 Providers to Know for 2020.
Each year, the 50 Providers to Know list recognizes the best-in-class companies in the procurement and supply chain market. ConnXus was previously recognized as a Provider to Watch for its ongoing innovation in the SRM space.
“For the past 10 years, the ConnXus team has been on a mission to simplify supplier relationship management and create an ecosystem where procurement professionals, diverse suppliers, and small businesses can innovate, source, track, and connect,” said ConnXus COO and General Manager, Daryl Hammett. “Being recognized by Spend Matters as a ‘50 Provider to Know’ is an honor that speaks to our team’s commitment to our mission and our passion for innovation.”
A Year of Continued Growth
ConnXus released numerous products and platform enhancements in 2019, including SmartScrub, a tool that automates and accelerates the tedious process of validating and enriching supplier data.
SmartSearch, the newest addition to the company’s one-stop supplier relationship management dashboard, enables business intelligence sourcing across a global supplier network. The company also continued to raise the bar in cyber security by integrating HITRUST controls within their SOC2 framework, further protecting customers and their data. Combined with new supplier development programs and ConnXus Certified, a small business enterprise certification program, these solutions bolstered an existing suite of SRM solutions and propelled the growth of a thriving supplier ecosystem.
How are the 50 Providers to Know Chosen?
The Spend Matters annual 50 Providers to Know and 50 Providers to Watch lists are determined by the entire Spend Matters analyst team to represent the best of the commercial providers that serve enterprise-level procurement organizations. The 50 to Know list comprises industry-leading proven providers and the 50 to Watch list contains often lesser known providers of which practitioners ought to be aware.