Vendors selected for the “Cool Vendor” report apply emerging technologies such as AI to help automate and optimize the P2P process
SAN FRANCISCO, September 13, 2018 – Upwork, the largest global freelancing website, today announced it has been recognized as a Cool Vendor in Gartner’s August 2018 Cool Vendors in Procure-to-Pay Applications report.
Gartner’s research recognizes vendors and interesting products and services that help procurement work more efficiently. The report states, “To keep pace with the rapidly changing needs of a digital business, application leaders for finance and procurement must be able to help procurement work more efficiently and scale quickly.” The Cool Vendors included in this year’s report, “offer unique and innovative solutions for leveraging AI to augment complex tasks.”
“We’re honored to be included in the Cool Vendors report by Gartner,” said Stephane Kasriel, CEO of Upwork. “Our mission is to create economic opportunity so people have better lives. We are fulfilling this mission by empowering people to work without limits by leveraging emerging technologies, like AI, which remove time and location restraints. The smartest companies are sourcing highly-skilled talent more flexibly online. Leveraging technology like our advanced matching algorithms, which uses data science and machine learning to match companies and talent, procurement leaders gain insights into which freelancers will perform best for any given job. As a result, hiring managers see better candidates earlier on in the process, filling projects as much as 10x faster than the traditional 30 day average for employment.”
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Upwork is the largest global freelancing website. It enables businesses to find and work with highly skilled freelancers. As an increasingly connected and independent workforce goes online, knowledge work—like software, shopping and content before it—is shifting online as well. This shift is making it easier for clients to connect and work with talent in near real-time and is freeing professionals everywhere from having to work at a set time and place. Our company’s mission is to create economic opportunities so people have better lives.