2021, Latest News In French Procurement Market

2021 will see the beginning of exciting changes in the purchasing information systems market, with a waltz of acquisitions and job changes, the intensification of digital transformation, and the arrival of artificial intelligence.

Moving from a demand to a supply side market

The brutal transformation of the purchasing IS market from a market of sustained demand 20 years ago, fueled by the creation and professionalization of Purchasing Departments, to a supply-side market of generated by the regulatory constraints of invoicing and vigilance, the digital transformation at company level and the arrival of new technologies and vertical solutions to address some complex spend, is condemning the historical editors of purchasing IS to reinvent themselves or to disappear.

Supplier Management: a market of specialists?

Let’s start with Supplier Management solutions. This market promised to S2P Platforms seems likely to escape them to the benefit of specialists. This is evidenced by the growth of the Canadian AI-powered Tealbook since its creation, led by French-speaking Stephany Lapierre. Its $14.4M A-raising and recent partnerships, by the choice of two of our French major pharmaceutical companies to manage their supplier risks with Aravo and Hicx and the growth of French start-ups like Axiscope, Orga Software and…