"Social Procurement" Platform for the Enterprise

New online solution provides peer-to-peer reviews of products and services geared toward corporate finance and treasury.

Proformative has launched a Yelp-like platform for corporate finance, accounting, and treasury professionals. Proformative Exchange is designed to support users in the selection and procurement of complex products and services by providing peer-to-peer reviews submitted by the site’s members. Categories of solutions included in the exchange include ERP software; budgeting, planning, and forecasting systems; corporate banking services; and 401(k)/retirement services. Proformative vets each review for bias and conflicts of interest.

The Proformative online community boasted more than 500,000 unique visitors in the past year, and the Proformative Exchange currently includes reviews of hundreds of products and services, although since the platform has just been released, some market-leading products have no reviews and few have more than a handful.

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