Order.co Honored as Procurement Solution Company of the Year 2024 by CIOReview
Revolutionizing Procurement with Simplified Purchasing
Order.co, a leading B2B ecommerce platform dedicated to streamlining and simplifying purchasing processes, has been awarded the prestigious title of Procurement Solution Company of the Year 2024 by CIOReview. This recognition highlights Order.co’s commitment to innovation and excellence in the procurement technology space.
About the Award and Selection Process
The Procurement Solution of the Year award is presented annually by CIOReview to recognize companies that demonstrate outstanding innovation and advancement in procurement technology. Winners are carefully evaluated by a panel of industry experts alongside the publication’s editorial team. This accolade reaffirms Order.co’s role in transforming procurement through strategic innovation and cutting-edge solutions.
Addressing Inefficiencies in Traditional Procurement
Historically, many procurement, finance, and operations teams have been burdened with time-consuming and manual purchasing workflows that complicate business operations. Witnessing these challenges firsthand, Zach Garippa co-founded Order.co in 2016 to overcome the inefficiencies caused by outdated systems. The platform was designed to eliminate unnecessary complexities and optimize purchasing processes for businesses.
Order.co’s Innovative Platform Features
Order.co has quickly established itself as a leader in procurement technology by providing robust features such as real-time budget tracking, customizable approval workflows, and AI-driven sourcing that delivers an average of 5% savings on products. Additionally, the platform consolidates net payment terms across multiple vendors, empowering companies to better manage cash flow and significantly reduce manual procurement efforts. Current users enjoy a 50% decrease in time spent on routine tasks, allowing them to focus on strategic initiatives that drive growth.
Statements from Leadership and Industry Experts
“We are deeply honored to receive CIOReview’s Procurement Solution Company of the Year award for 2024,” said Zach Garippa, CEO and Founder of Order.co. “Our team is dedicated to providing businesses with a centralized solution for vendor management, comprehensive spending visibility, and cost savings. This recognition reinforces our mission to simplify purchasing for organizations everywhere.”
Justin Smith, Managing Editor of CIOReview, applauded Order.co’s impact, stating, “Order.co transforms procurement from a routine obligation into a strategic advantage. Its vendor-neutral design, tailored workflows, and real-time insights empower businesses to streamline operations, control spending, and scale seamlessly. By combining flexibility with transparency, Order.co creates a data-driven procurement experience that enhances financial management and promotes sustainable success.”
Upcoming Innovations and Future Outlook
Looking ahead to 2025, Order.co plans to introduce integrated AI-powered features that will further enhance user experience by making business purchasing smarter and more cost-effective. These innovations aim to put advanced tools directly in the hands of users, continuing to simplify procurement processes and maximize savings.
About Order.co
Founded in 2016 and based in New York City, Order.co is a procurement and accounts payable automation platform that helps companies reduce costs and complexity in their purchasing operations. Trusted by hundreds of clients, including renowned companies such as WeWork and Hugo Boss, Order.co centralizes purchase-to-pay workflows, accelerates operational scaling, and provides complete visibility into spending—all while delivering an average product savings of 5%.
The company has secured $50 million in funding from prominent investors, including MIT, Stage 2 Capital, Rally Ventures, and 645 Ventures, positioning it well for continued growth and technological advancement.
About CIOReview
CIOReview is a premier technology magazine dedicated to guiding enterprises through evolving business landscapes by providing insightful content on emerging solutions and services. Serving as a trusted platform for C-suite executives, industry leaders, and technology decision-makers, CIOReview shares expert perspectives on the latest technology trends shaping the market.
Media Contact
Allison Reich
Senior Manager of Brand, Content & Enablement
[email protected]