AI-powered Enterprise Marketplace platform, transforming catalogue sourcing and automating Tail Spend for Buyers, Suppliers & Procurement

Axiom is a next generation ProcureTech innovation that’s allowing Enterprise organisations to automate Tailspend and, equally importantly, to transform the experience for Buyers, Suppliers and Procurement. Our marketPlace platform (with integrated marketSourcing), enables Procurement to set up, manage and control a closed and automated tailspend environment for all free-text, catalog and content-based categories (both products and services) across the organisation.

Traditional Buying channels (S2P guided buying, S2P catalogs, free-text orders and standalone marketplaces, etc.) are simply not good enough in today’s rapidly evolving, user-focussed Enterprise world. 

And change is afoot!

A recent Hackett survey revealed that nearly 70% of Procurement Professionals are frustrated with their free-text and current catalog sourcing model, and are looking to change. Reinforcing this, PwC estimates that 76% of Enterprise Procurement teams will be involved in a Digital Procurement Transformation Project by 2027 (up from 36% today). Increasingly, as part of this transformation, Enterprise organisations are raising the bar in terms of their targets for the automation of their Indirect Spend categories, to up to 90%.

Dr Elouise Epstein, Partner at Kearney, Futurist | Keynote Speaker | Author | Technology Cynic and big Axiom fan: “You guys have nailed it!! There’s literally no-one else doing what you’re doing, and I love it!!”

We’re also delighted to be selected to the elite Kearney-sponsored global ProcureTech100 for 2023/4, included in The Procurement TP Techmap 2024, shortlisted in the procurement technology provider category for the prestigious 2024 World Procurement Awards, to be a shortlisted finalist in the Gamechanger category at the inaugural SeedLegals awards, as ‘Best Newcomer 2023’ in a global pharma’s annual global supplier awards (in which only six suppliers received awards out of over 65,000 suppliers) and shortlisted for KPMG’s prestigious UK Tech Innovator Award.

Founded in 2020.