Press

akirolabs Recognized as a 2024 ProcureTech 100 Pioneer

January 9, 2024
4 Min
Press

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We are excited to announce that akirolabs has been recognized as a 2024 ProcureTech100 solution provider, earning a prestigious spot among the top 100 digital procurement innovations worldwide!

This recognition, awarded by ProcureTech in collaboration with Kearney, honors the most innovative and customer-centric procurement technology solutions that are transforming the global procurement landscape. Being named to the ProcureTech100 is a significant achievement, as it underscores our continued commitment to driving procurement transformation and delivering exceptional value to our clients.

Proud to Be a Leader in the 'Strategy, Process & Performance' Category

We are particularly proud to be recognized in the ‘Strategy, Process & Performance’ category, which highlights solutions that enable procurement teams to push for higher excellence. At akirolabs, we have redefined strategic procurement, providing businesses with the tools to drive sustainable, long-term value.

Our innovative category management SaaS platform challenges the conventional procurement model, which has remained largely unchanged since 1983. By shifting focus from procurement-only power dynamics to business-aligned strategies, akirolabs enables procurement teams to achieve higher value creation, unlocking the true potential of strategic procurement.

akirolabs: Redefining Category Management

For nearly 40 years, procurement has been dominated by a traditional category management approach that prioritizes cost reduction and power-driven negotiations. However, in today’s rapidly evolving business environment, procurement must go beyond these transactional processes to drive greater business alignment and value.

akirolabs Next Gen Category Management framework makes category management truly strategic. Our platform integrates internal and external insights, advanced analytics, and collaboration workflows to help organizations develop and execute strategies that align with broader business goals, rather than just cutting costs.

This recognition in the ProcureTech100 list validates our vision for transforming category management and highlights how akirolabs helps organizations evolve along the procurement maturity curve.

Why ProcureTech100 Matters

The ProcureTech100 list, curated by experts and B2B investors, represents the gold standard for digital procurement solutions. It includes pioneers who are driving innovation, customer-centricity, and operational excellence in procurement. Being part of this elite group for 2024 signals that akirolabs is at the forefront of procurement transformation, continually pushing the boundaries of what procurement can achieve.

Lance Younger, CEO & Founder of ProcureTech, emphasized that “the ProcureTech100 supercharges procurement, the enterprise, and the digital procurement ecosystem.” Our inclusion in this list demonstrates our role in empowering procurement professionals to deliver tangible business value and embrace next-generation solutions.

Looking Ahead: Pioneering the Future of Procurement

As we look to the future, akirolabs remains committed to innovation and excellence in strategic procurement. Our recognition as a ProcureTech100 pioneer reflects our continued investment in developing solutions that help organizations navigate the complexities of modern procurement.

We are proud to lead the way in AI-powered procurement solutions that empower organizations to achieve sustainable, long-term success. As procurement continues to evolve, akirolabs will continue to push the boundaries of what category management can accomplish, helping businesses unlock greater value and drive strategic business outcomes.

Gratitude for the Recognition

We would like to extend our heartfelt thanks to the ProcureTech100 jury and the global procurement community for recognizing our efforts. This honor would not be possible without the dedication and hard work of the entire akirolabs team, as well as the trust of our clients.

Thank you for believing in our vision to transform procurement. We are excited to continue this journey and look forward to achieving even greater milestones together.

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Frequently Asked Questions

Answers to the most common questions about akirolabs — from product and setup   to security and scalability

See More FAQ’s

What makes a successful pilot with akirolabs?

We define success collaboratively with your team. Typical outcomes include strategy creation for priority categories, measurable process improvements, and internal alignment. We provide full support and a clear roadmap for evaluation.

Can I try the platform hands-on after the demo?

Yes, we offer guided pilots and sandbox environments depending on your stage in the buying process. These give you and your team the opportunity to explore features in your own context.

Can I see how akirolabs would work with our specific categories?

Yes, we can tailor the demo to showcase how akirolabs works with your specific categories and procurement structure. Let us know your priority areas in advance, and we'll customize the demonstration accordingly.

Who should attend the demo from my organization?

We recommend including key stakeholders from your procurement leadership team, category management function, and procurement excellence or transformation groups. Including business stakeholders can also be valuable to demonstrate how the platform facilitates cross-functional collaboration.

How long does a typical demo take?

A standard demo takes approximately 45-60 minutes, allowing time for a comprehensive overview of the platform and discussion of your specific requirements. We can adjust the timing based on your availability and areas of interest.

What will I see during an akirolabs demo?

During the demo, you'll see the complete akirolabs Category Strategy Workbench in action, including the collaborative workflow, AI-powered insights from akiroAssist, strategic scenario modeling capabilities, and the Strategy One-Pager feature. We'll customize the demonstration to focus on aspects most relevant to your organization's needs.

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