Workrise

Source-to-pay solution for energy sector

Austin, Texas, United States

About Workrise

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 work together effectively. Unlike competitors, Workrise emphasizes the integration of technology with human expertise, which enhances operational speed and efficiency. The company's goal is to optimize procurement processes in the energy market, ultimately benefiting both suppliers and energy companies.

Austin, TexasHeadquarters
2014Year Founded
$702.8MTotal Funding
SERIES_ECompany Stage
Energy, Enterprise SoftwareIndustries
501-1,000Employees

Benefits

Health, dental, & vision insurance
Flexible PTO
401k
Disability & life insurance
Paid parental leave

Risks

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.

Differentiation

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.

Upsides

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.