2024: The year sustainability, security, and strategy converged

This year, the procurement landscape transformed:

• Sustainability became non-negotiable (mandatory climate reporting incoming)
• Cybersecurity emerged as a critical business differentiator
• Social procurement shifted from checkbox to strategic imperative

At Felix, we're not just watching the change – we're driving it.?

This year, Felix saw a 68% increase in users, powered 100K+ vendors across 101 countries, and hit a 117% increase in RFQ value.

Read the full recap

A fun twist

Now if you're after a different kind of wrap-up post, check out our take:

Another fun one while you're at it:

Case study: How we stopped a fraud attempt for our client

On a more serious note, let us?share a story that might make you rethink your vendor management processes.?

A seemingly persistent "vendor representative" spent 12 weeks carefully crafting a fraudulent vendor profile. Multiple phone calls, forged documents, intricate storytelling—all designed to slip past traditional security checks. But here's where technology meets vigilance: our integrated platform didn't just flag the attempt, it systematically exposed the entire fraud.

Working closely with law enforcement, alongside our?partner Eftsure, we turned a potential multi-million dollar risk into a textbook case of successful fraud prevention.

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Vendor tagging in Felix

Vendor tags are a feature in our Vendor Management module that sit against a vendors profile. Learn why you should use them in this video, where our Product Marketing Manager takes a deeper look at their most common uses and tips for best practice.

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From all of us at Felix

'Tis the season of checking lists twice – and we're not just talking about Santa's approach to vendor management!?Wishing you a prosperous holiday season and an even more efficient new year. May your RFQs be quick, your approvals swift, and your vendor evaluations as smooth as eggnog. ????

See you in 2025!