Focal Point Named to the Spend Matters' "Future 5" List

Fourth annual recognition highlights top procurement technology startups

ATLANTA, Oct. 17, 2022 /PRNewswire-PRWeb/ -- Focal Point, provider of an end-to-end enterprise procurement management platform, today announced it has been included in Spend Matters' Future 5 list. The list recognizes procurement tech solution companies that are less than five years old and maintain clear momentum and a demonstrated path of sustainability.

Focal Point's recognition on the Future 5 list validates its ability to provide innovative procurement solutions in an extremely competitive landscape. The list selects companies that have over five customers, less than $10 million in revenue and display a clear innovative solution designed to contribute to the overall advancement of the procurement industry.

"Focal Point's configurable platform is designed to bring full visibility to the procurement process and enable businesses to address reporting and savings inefficiencies," said Anders Lillevik, CEO and Founder of Focal Point. "The Future 5 recognition further substantiates the value of the platform as well as the other innovative companies on the horizon that are making exceptional advances in the industry."

As procurement efficiency continues to be a necessary step in many businesses' journey towards digital transformation, Focal Point's recognition on the Future 5 list lauds the technology and the innovation that it brings to procurement as a whole. Spend Matters is a reputable source and industry leader for supply chain professionals, and the Future 5 list is a prime opportunity to showcase the emerging talent and technology in procurement.

"Focal Point competes in the emerging procurement performance management category, and its strong partnership network combines with its data centralization capabilities to provide a user-friendly savings maximization tool," said The Spend Matters Team. "Focal Point goes beyond being an Excel replacement for procurement departments, as it allows for coverage of the entire scope of the procurement department's day-to-day functions."

About Focal Point
Focal Point empowers enterprise Chief Procurement Officers to fully modernize and optimize their operations. With its end-to-end procurement management platform, procurement teams can maximize the value of every dollar spent, ensure the safety and security of all transactions, and ultimately enhance the customer experience. Focal Point's platform integrates seamlessly with legacy procurement infrastructure, ensuring maximum ROI on existing investments. Global brands manage their procurement with Focal Point. The company was founded in 2020 and is headquartered in Atlanta. For more information, please visit https://www.getfocalpoint.com/ or email [email protected].

About Spend Matters
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.

Media Contact

Peter Moran, Indicate Media, 347-880-2895, [email protected]

SOURCE Focal Point