Workrise

Workrise

Source-to-pay solution for energy sector

About

Workrise offers a source-to-pay solution specifically designed for the energy sector. Their platform combines specialized software with expert teams to improve collaboration between energy companies and their suppliers. This system streamlines the procurement process, making it faster and more efficient. Workrise supports the entire procurement lifecycle, from sourcing to payment, ensuring that large energy corporations and their supply chain partners can operate smoothly. Unlike competitors, Workrise emphasizes the integration of technology with human expertise, which enhances the overall effectiveness of their services. The company's goal is to optimize procurement processes in the energy market, ultimately driving better operational performance for their clients.

Company Stage

Series E

Employees

501-1,000

Industries

Energy, Enterprise Software

Total Funding

$702.8M

Headquarters

Austin, Texas

Founded

2014


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Simplify's Take

What believers are saying

  • Increased adoption of AI-driven procurement solutions enhances operational efficiency.
  • Remote work technologies enable better workforce management for energy companies.
  • Growing sustainability focus drives demand for streamlined supply chain platforms.

What critics are saying

  • Emerging workforce management platforms may erode Workrise's market share.
  • Volatility in energy prices could impact demand for Workrise's services.
  • Rapid technological advancements necessitate continuous innovation to stay competitive.

What makes Workrise unique

  • Workrise integrates specialized software with expert teams for energy sector procurement.
  • The platform supports the entire procurement lifecycle, from sourcing to payment.
  • Workrise combines technology and human expertise to enhance collaboration and efficiency.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

2%

2 year growth

1%

Benefits

Health, dental, & vision insurance

Flexible PTO

401k

Disability & life insurance

Paid parental leave

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