About EC Sourcing Group
EC Sourcing Group is a company based in Morristown (United States) founded in 2001 was acquired by Simfoni in January 2022. EC Sourcing Group has completed 1 acquisition, including Bid Mode. EC Sourcing Group offers products and services including EC Spend, EC eSourcing, EC eAuctions, EC Optimize, and EC Supplier. EC Sourcing Group operates in a competitive market with competitors including Globality, Scoutbee, Fairmarkit, Scout RFP and Bonfire Interactive, among others.
- Headquarter Morristown, United States
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Ec Sourcing Group, Llc
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Products & Services of EC Sourcing Group
EC Sourcing Group offers a comprehensive portfolio of products and services, including EC Spend, EC eSourcing, EC eAuctions, EC Optimize, and EC Supplier.
Integrates data for actionable procurement taxonomy.
Simplifies and streamlines sourcing with speed and transparency.
Facilitates quick savings through easy e-auction processes.
Creates award scenarios balancing needs and savings.
Automates onboarding and document management for suppliers.
Increases visibility to contract data for better decisions.
Digitizes collaboration to accelerate procurement processes.
Generates dashboards for key procurement KPIs.
Funding Insights of EC Sourcing Group
Detailed funding history for EC Sourcing Group
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Investors in EC Sourcing Group
EC Sourcing Group has secured backing from 1 investor. Prominent investors backing the company include Simfoni.
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AI-based spend analysis and management solution for businesses
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Investor details for EC Sourcing Group
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Investments & Acquisitions by EC Sourcing Group
EC Sourcing Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bid Mode.
Investment portfolio details for EC Sourcing Group
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Software solutions for sourcing and supplier management are provided.
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Complete acquisition details for EC Sourcing Group
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Financial Statements - EC Sourcing Group
Detailed financials for EC Sourcing Group
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Ec Sourcing Group Comparisons
Peer comparison for EC Sourcing Group
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Competitors of EC Sourcing Group
EC Sourcing Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Globality, Scoutbee, Fairmarkit, Scout RFP and Bonfire Interactive, among others.
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An AI-based platform for global sourcing and outsourcing is offered.
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Multi-category products are listed on an AI-driven B2B platform.
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Cloud-based tail spend management is delivered for business procurement.
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Cloud-based platform for automating RFPs and supplier bidding is offered.
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Supplier sourcing is facilitated via RFx tool for procurement evaluations.
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Web-based supply chain sourcing solutions are provided to businesses.
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Detailed competitors of EC Sourcing Group
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Latest news on Ec Sourcing Group
Complete news archive for EC Sourcing Group
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Frequently Asked Questions about EC Sourcing Group
EC Sourcing Group was founded in 2001.
EC Sourcing Group is headquartered in Morristown, United States. It is registered at Morristown, New Jersey, United States.
EC Sourcing Group offers strategic eSourcing, RFP management, reverse auction and vendor management software solutions. FlexRFP e-Sourcing suite is a web-based platform with different modules : spend analysis, eRFX eSourcing, reverse auctions, contract management, and supplier management. The FlexRFP tool automates supplier negotiation and related time-intensive tasks such as baseline data analysis, vendor qualification and onboarding, bid management, collaborative communication, document exchange, and iterative bid analysis.
EC Sourcing Group's top competitors include Globality, Fairmarkit and Scoutbee.
EC Sourcing Group offers EC Spend, EC eSourcing, EC eAuctions, EC Optimize, and 4 more products and services.
EC Sourcing Group has made 1 acquisition, including Bid Mode.
EC Sourcing Group has 1 investor. Key investors include Simfoni.