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Managing suppliers isn’t exactly the most thrilling part of running a business.
But as we dive into 2025, the role of a dependable Supplier Relationship Management (SRM) tool has shifted from a “nice-to-have” to a “can’t-do-without.” Having the right SRM solution is like having that friend who organizes the group trips, never forgets an important date, and keeps everyone on track. With the right SRM software, you can stay on top of sustainability goals, regulatory demands, and supplier performance, all while keeping the day-to-day a bit more manageable.
Let’s dive into eight SRM solutions that are making waves in 2025 for small and medium-sized enterprises (SMEs). Some are simple and effective, while others are designed for those who love a full suite of features. While each software has something valuable to offer, Relatico stands out as the most well-rounded option for SMEs, with features that balance power and user-friendliness.
Relatico isn’t just an SRM tool; it’s a game-changer for SMEs that need a smart, easy-to-use, and robust platform. Think of Relatico as that sleek, multipurpose gadget that suddenly makes older tools look outdated. With its focus on making SRM accessible, Relatico goes above and beyond by covering everything from compliance to real-time supplier monitoring. Designed specifically for small and medium businesses, it brings enterprise-level features without the enterprise-level headache.
What Makes Relatico Special:
For SMEs seeking a versatile, powerful, and user-friendly SRM solution, Relatico is the top choice. It’s the ultimate tool for handling complex tasks without demanding a PhD in software engineering.
If Relatico is the Swiss Army knife, Proqura is the trusty pocketknife. Proqura strips away the extras and keeps things simple for SMEs who want a straightforward approach to managing supplier relationships. It doesn’t aim to overwhelm you with features, just the essentials for keeping track of suppliers and their performance.
Highlights:
Proqura is ideal for SMEs that want simplicity over complexity, with enough power to handle the basics of SRM without extra frills.
If cost control is your top priority, Precoro is like a thrifty accountant who knows where every dollar is going. It may not have the broad feature set of Relatico, but Precoro shines at tracking spend and making sure your procurement process is as cost-efficient as possible.
Highlights:
Precoro is perfect for businesses that need tight budget control over a full SRM suite, helping them stay efficient and focused.
Gatekeeper is that friend who always knows where their keys, wallet, and contracts are. Specializing in contract management, Gatekeeper keeps track of important deadlines, contract renewals, and obligations so you don’t have to. For businesses dealing with multiple suppliers and complex contracts, it’s like having a personal assistant that keeps tabs on everything.
Highlights:
If contract management is your biggest challenge, Gatekeeper provides peace of mind that every commitment and renewal is covered.
Ivalua is like that high-end, professional kitchen appliance that chefs swear by. For SMEs that need serious procurement power and customization, Ivalua delivers a robust feature set that can be tailored to fit specialized requirements. However, for smaller businesses, its complexity might be a bit overwhelming.
Highlights:
Ivalua is ideal for mid-sized companies with dedicated procurement teams but may be overkill for smaller businesses.
Ever wished you could just automate the mundane parts of procurement? Kissflow steps in like a virtual assistant, automating repetitive tasks and freeing up time for your team. With a focus on making the procurement process seamless, it’s a great fit for SMEs that want to offload the basics.
Highlights:
Kissflow is perfect for SMEs looking to save time by automating simpler tasks, leaving them with more resources for strategic initiatives.
JAGGAER brings a solid all-around set of features that make it well-suited for mid-sized companies. From risk assessment to a shared portal for supplier collaboration, it’s a capable platform. However, for smaller SMEs, JAGGAER might be a bit more than they need, both in features and cost.
Highlights:
JAGGAER is a solid choice for mid-sized companies that need a robust tool without diving into the deep complexities of enterprise-grade software.
Supplier.io is unique in its focus on helping companies build and manage a diverse supplier base. For businesses that prioritize diversity and inclusion, Supplier.io is like having an in-house diversity advocate. While it doesn’t offer comprehensive SRM, it’s a valuable tool for companies seeking diverse sourcing options.
Highlights:
Supplier.io is perfect for companies that need to prioritize supplier diversity and meet compliance requirements in this area, even if it lacks the broader features of a full SRM suite.
Choosing the right SRM solution is a bit like picking the best exercise routine – it’s all about finding what works for you and what you’ll actually stick to.
While Relatico shines as the best all-round choice for SMEs, thanks to its blend of compliance management, real-time monitoring, and ease of use, there are other strong options depending on your specific needs.
Whether your focus is compliance, cost control, or diversity, there’s a solution that fits your business. The key is to find a tool that meets your goals without requiring a complete overhaul of your existing processes.
And if Relatico has sparked your interest, you can book a free demo to see it in action. Finding the right SRM solution may take some time, but once you do, you’ll wonder how you ever managed without it.
Bernd possesses extensive experience in strategic procurement, shaped by his tenure at Eckes-Granini, Symrise and DuPont de Nemours. Currently, he is focused on sustainable sourcing and supply chains, collaborating with the relatico team to develop practical software solutions. Additionally, Bernd runs his own agricultural business and is involved in supply chain projects globally.
