Onventis has been a cloud pioneer for digital transformation of purchasing and finance processes since 2000. The cloud-based software Onventis Buyer is an all-in-one procurement system that helps companies to manage their business spend in order to achieve financial control, efficiency, compliance and cost savings. It streamlines and automates all processes from source to pay including network collaboration with suppliers. The Onventis Network connects business processes for buyers and suppliers, simply and securely. Worldwide, over 1,000 companies with approx. 800,000 users in the Onventis network handle an annual business volume of over 15 billion euros with 280,000 suppliers.
Onventis is the leading1, all-in-one procurement2 platform3 for midsize enterprises4, connecting buyers & suppliers5.
1. Onventis strives for market leadership in its relevant market (spend management, midsize enterprises, Europe).
2. All-in-one procurement: one suite for procure-to-pay, source-to-contract, supplier management and network collaboration.
3. Onventis offers not only a spend management suite, but also a platform for collaboration between business partners.
4. Onventis focuses on midsize enterprises (T/O of EUR 50 million to EUR 1 billion).
5. The Onventis network connects buyers and suppliers worldwide.
Digital transformation of purchasing and finance departments
Together we are on a mission to transform all purchasing and subsequent finance processes for midsize enterprises holistically through one digital spend management ecosystem.
The Onventis all-in-one procurement suite supports companies to manage their supplier base and spend in order to achieve financial control, efficiency, compliance, risk reduction, sustainable purchasing and cost savings.
With the Onventis network, we maximize our customers‘ competitiveness and strengthen collaboration between buyers and suppliers through a globally connected platform.
We support purchasing managers and CPOs to add substantial value to overall business success. They use our cloud-based applications to automate strategic, tactical and operational procurement tasks.
In F&A, we support accounts payable managers and CFOs to increase the ROI of spend by automating invoice processes with robotic accounting and OCR-as-Service.
And last but not least: We enable suppliers to strengthen their business relationships with B2B customers.
1999 Year of foundation
2002 1st customer TradeCore “Industry”: Schott AG
2003 1st customer of TradeCore “Trade”: Purchasing office of German Iron Traders GmbH (E/D/E)
2005 1st customer TradeCore “Service”: DEKRA SE
2012 1st TradeCore “Platform Provider”: Steigenberger Hotel Group
2013 Frank Schmidt joins Onventis as CEO
2013 1st Onventis Xchange customer conference
2013 1st customer TradeCore “Sellside”: Conrad Electronic SE
2016 Partnership with Amazon Business and European Launch Partner for AB
2017 The “Smart Connect” app becomes “Onventis Mobile”
2018 Product name change: “TradeCore” becomes “Onventis”
2018 Development “Onventis Network” and product launch “Onventis Supplier Portal”
2019 Main Capital Partners acquires majority stake in Onventis
2020 Onventis information security management systems certified according to ISO/IEC 27001
2020 WorkFlowWise B.V. acquisition
2021 Spendency AB acquisition
2023 Keensight Capital is new investor
The modular Onventis product portfolio has been certified several times by the BME (German Federal Association for Materials Management, Purchasing and Logistics). Furthermore, our cloud solutions have been awarded the BITMI (German Federal Association of the IT-Mittelstand) seals of approval “Software Made in Germany” and “Software Hosted in Germany”. The information security management system (ISMS) at Onventis as well as the data center in Frankfurt/Main are certified according to ISO/IEC 27001.
Cloud made in Europe since 2001
As one of the first SaaS and cloud providers with a European data center since 2001, data security, high availability, and fail-safe performance have always been our top priorities. The modern, scalable infrastructure of the ISO 27001-certified data center in Frankfurt am Main follows the highest standards for building security, energy efficiency, and unrestricted data availability around the clock, 365 days a year. Professional back-up solutions and preventative security concepts are fundamental components of our cloud solutions. These include a geo-redundant data replication mirror in Stuttgart that provides maximum data and business security.
Commitment to climate protection
As a source-to-pay provider, we not only drive the future issues of our customers with digital solutions, but also have a sustainable impact on the planet with our economic activities. In addition to innovative products, we see the greatest potential for positive change in our own measures to improve environmental conditions. For this reason, we already anchored climate protection in our corporate strategy two years ago. Furthermore, we have been certified as a climate-neutral company since January 1, 2020.