Beroe Inc. Earns Recognition in Spend Matters' '50 to Know' List

RALEIGH, N.C. (Oct 18, 2023): Beroe Inc, a global SaaS-based procurement intelligence and analytics provider, is delighted to announce its inclusion in the esteemed '50 to Know' list by Spend Matters, a globally recognized platform for procurement and supply chain insights.

The procurement technology market has continued to evolve in 2023. The progression of existing macroeconomic trends, combined with the proliferation of new technologies such as generative AI, have forced software providers to make crucial product development and resource allocation decisions.

"This year's 50 to Know list is the first to feature a numerical scoring scale to quantify factors previously considered ‘soft’ as the first step in the analyst selection process. In conjunction with criteria added in previous years such as mindshare in the market and customer reference requirements, the process behind these lists has become more programmatic and objective. The market can be confident that the providers chosen for these lists are truly the most impressive in the industry.” Said Nikhil Gaur, Research Analyst & Project Associate, Spend Matters.

"We are honored to be recognized by Spend Matters in their '50 to Know' list," said Vel Dhinagaravel, Founder & CEO at Beroe Inc. "This recognition validates our ongoing efforts to empower businesses with cutting-edge procurement intelligence and strategic insights. We remain dedicated to providing our clients with the best solutions to navigate the complexities of global supply chains and achieve sustainable success."

Beroe continues to invest in its AI-powered procurement intelligence platform, Beroe LiVE.Ai by adding new features, bringing on board new partners, and leveraging technology to help its customers make smarter sourcing decisions.

About Beroe

Beroe is a global SaaS-based procurement intelligence and analytics provider. We deliver intelligence, data, and insights that enable companies to make smarter sourcing decisions – leading to lower costs, reduced risk, and greater profits. Beroe has been a trusted intelligence source for more than 15 years and partners with 10,000 companies worldwide, including 400 Fortune 500 companies.

Learn more about Beroe - www.beroeinc.com/

Media Contact – Rob McMurtrie (rob.mcmurtrie@beroe-inc.com)

About SpendMatters

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.

Learn more about SpendMatters here - https://spendmatters.com/