I'm very excited to announce this morning that IBX has joined Spend Matters as an Associate Sponsor. For those who have not been tracking the procurement BPO and services market closely, IBX recently joined forces with Capgemini. Even though they are now part of a much larger organization, they remain unique in the procurement services and solution spend management sector by delivering a combination of proprietary and hosted third-party (e.g., SAP, SRM) solutions. At the same time, they also offer a range of procurement services, including strategic sourcing and other managed sourcing services. Having started in the Nordic countries and expanded into Europe (and now North America as well), IBX has grown from being a top regional contender to a diversified force on the global procurement solution delivery stage.
After years of informal interactions and phone briefings/discussions, I first got to know IBX at their annual conference last fall in Oxford. I came away from their event impressed by the breadth and depth of their solution penetration with customers. From running and enabling large-scale SRM deployments (combining their own enablement solutions with SAP) to successfully delivering procurement consulting services where they competed with and beat better-known professional services names (e.g., AT Kearney, Accenture) in the sourcing arena, IBX has delivered results across a wide spectrum of capabilities and areas. They've also earned the trust and respect of some of Europe's largest companies, helping them get more from their existing relationships and capabilities (e.g., SAP, SRM licenses) as well as deploying a range of new capabilities from up-front spend analysis through to contract management.
I recently caught up with some IBX team members at the Procurement Leaders event in Chicago, and it appeared they had already woven their efforts together closely with Capgemini, only a month or two into the announced combination. Clearly, with the added market reach of Capgemini, it's only a matter of time before IBX is known in the same breadth as well-known North American-based providers for delivering a range of Spend Management capabilities. In the meantime, please join me in giving a warm welcome to IBX for becoming an Associate Sponsor of Spend Matters. I look forward to following their market experiences as part of a more frequent examination of the overall procurement BPO, services and solution landscape.
- Jason Busch