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We are excited to announce that True ValueHub has been recognized in SpendMatters' Future 5 list for 2024. This recognition puts the spotlight on the most promising procurement technology startups.

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What Makes the Future 5 List Significant

SpendMatters' annual recognition program includes multiple categories that showcase excellence in procurement technology:

• The "50 Providers to Know" list featuring established, best-in-class companies
• The "50 Providers to Watch" list highlighting fast-rising organizations
• The "Future 5" list recognizing the most impressive procurement technology startups
• The newly introduced "Hall of Fame" honoring vendors that have been on the "Know" list for 10+ years

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Why True ValueHub Was Selected

In his analysis, Bertrand Maltaverne, Lead Analyst for Upstream Procurement at SpendMatters, highlights our unique approach to direct materials costing:

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"True Value Hub's costing solution for direct materials takes a very analytical approach to identifying opportunities based on a material's characteristics and suppliers' capabilities. The company goes beyond traditional costing approaches through a network approach in which suppliers maintain rich information on their cost structures to provide deep and accurate insights and auto-costing that can be used on the buyer side to influence design decisions and on the supplier side to attract and develop business."

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True ValueHub's AI-driven platform focuses on four key areas:

1. Identifying 20%+ cost savings on direct material spend.
2. 100+ manufacturing processes in Mechanical, Electro-mechanical & Electronics.
3. Supplier consolidation and SKU rationalization.
4. Visibility into Scope 3 carbon emissions.

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Our solution provides automated cost analysis and supplier collaboration tools that help manufacturing companies reduce spend and emissions while improving their supply chain efficiency.

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Looking Ahead  

This recognition from SpendMatters validates our mission to transform procurement through innovative technology. We remain committed to developing solutions that help businesses optimize their manufacturing costs while maintaining sustainable practices.

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