Bonfire named a 2018 Provider to Watch by Spend Matters

May 17, 2018

Bonfire has been named a 2018 Provider to Watch by Spend Matters for the second consecutive year.

This recognition highlights Bonfire’s position as the leading next-generation competitive bidding and RFx platform, helping procurement teams transform their sourcing with easy collaboration, rich data, and deep automation.

The Provider to Watch list is the result of deep analysis and corroboration among all Spend Matters analysts, reflecting the publication’s unbiased, independent view of organizations to watch. Spend Matters routinely reviews the latest procurement technology and service offerings to help organizations make wise and effective vendor selection decisions.

"Bonfire's innovative solution and surprisingly large and diverse client base demonstrate that strategic sourcing is just as important to the public sector as it is to private companies," says Spend Matters. "They are fully deserving of a spot on our list of 50 Providers to Watch in 2018."

Trusted with over $20B in sourcing decisions

Bonfire began with the belief that procurement teams deserve a modern toolkit that empowers them to make better decisions with certainty. Working with procurement teams at every step, we built a software solution that goes beyond the basics of bidding platforms to support the entire RFx lifecycle.

Hundreds of client organizations use Bonfire every day to manage their sourcing, from posting to evaluation to contract management and vendor performance, in one cloud-based platform. Bonfire streamlines and automates operational tasks and equips teams with powerful evaluation tools and deep analytics for their strategic decision-making.

“We’re excited to be named as one of Spend Matters 50 Providers to Watch for the second year running,” says Bonfire CEO Corry Flatt. “Being chosen for this list validates Bonfire’s hard work in delivering an innovative, next generation sourcing  platform—enabling teams to streamline their supplier selection and empowering them to make strategic decisions that drive true value to their organizations.”

Building the future of procurement

Bonfire continues to work closely with clients to build the world-class features the market has come to expect from the platform. Our vision of the future of sourcing is dominated by smarter data, collaboration within the community, and technology’s role as a trusted advisor in the sourcing process.

“The sourcing landscape is characterized by extremes, with teams leveraging deeply sophisticated capabilities in AI and blockchain on one side, and others taking their first steps towards digitization," says Flatt. "Amidst this complexity, our goal remains simple: empowering deeper collaboration and harnessing actionable data for better sourcing decisions.”

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