San Jose, CA — February 24, 2026 — Raindrop Systems, Inc., an AI-native Source-to-Pay platform purpose-built for modern procurement and finance teams, today announced it has been named to The Hackett Group’s® 2025–2026 “50 to Watch” procurement provider list as part of its annual assessment of the global procurement technology market.

The 50 to Watch list highlights fast-rising procurement technology providers pushing the market forward through innovation and differentiated solutions. The lists are compiled by The Hackett Group’s® Solution Intelligence analysts — formerly the Spend Matters™ analyst team — through rigorous, data-driven evaluation of the procurement technology landscape.

Selection is informed by year-round market monitoring, detailed briefings, product demonstrations, and direct engagement with procurement technology providers. Vendor evaluation follows a structured methodology assessing technology capability, solution maturity, innovation, customer adoption, and overall market impact. For the 2025–2026 cycle, The Hackett Group® evaluated approximately 220 procurement technology vendors globally.

This year’s recognition is particularly significant as it marks the first release of the procurement technology recognition lists under The Hackett Group® following its acquisition of Spend Matters™ — reflecting an expanded, research-driven framework for evaluating market leaders and emerging innovators.

“We are honored to be recognized by The Hackett Group® as a 2025–2026 ‘50 to Watch’ procurement provider,” said Ward Karson, COO of Raindrop Systems, Inc. “Raindrop was built AI-native from day one to eliminate friction across Source-to-Pay and deliver measurable impact for procurement and finance teams. This recognition validates our commitment to helping organizations move from ambition to execution with intelligent automation, embedded analytics, and intuitive user experiences.”

“These lists often serve as a starting point for organizations evaluating procurement technology investments,” said Nikhil Gaur, Director of Strategic Projects and Research Analyst at The Hackett Group®. “As the market becomes more crowded and AI adoption accelerates, providers that stand out are those demonstrating both innovation and the ability to deliver real business impact.”

Find the full lists and more information about The Hackett Group’s® procurement technology assessment program at www.thehackettgroup.com/vendor-recognition.

About Raindrop Systems, Inc.

Raindrop Systems, Inc. is an AI-native Source-to-Pay platform designed to simplify and accelerate procurement and finance operations. By embedding artificial intelligence across sourcing, contracting, purchasing, invoicing, and analytics, Raindrop enables organizations to improve visibility, reduce friction, and drive measurable business outcomes. Learn more at www.raindrop.com.

About The Hackett Group®

The Hackett Group, Inc. (NASDAQ: HCKT) is a Gen AI strategic consulting and digital transformation firm that enables Digital World Class® performance. Using Hackett AI XPLR™, ZBrain™, XT™, AIXelerator™, AskHackett,™ and Quantum Leap® platforms, the company’s experienced professionals and engineers help organizations realize the power of Gen AI from ideation through implementation to achieve quantifiable, breakthrough results with unprecedented speed, allowing them to be key architects of their Gen AI journey.

The company’s expertise is grounded in unparalleled best practices insights from enterprise performance benchmarks from the world’s leading businesses – including 97% of the Dow Jones Industrials, 90% of the Fortune 100, 70% of the DAX 40, and 51% of the FTSE 100. Visit www.thehackettgroup.com.