State of Flux Technologies: Supplier Engagement and Management with a Relationship Twist [PRO]
The supplier management technology sector is a crowded and confusing market. In our recent outlook series covering the area, we explore different aspects of the market – some centered on master data management, others on AP-centric onboarding and still more focused on supply risk and targeted compliance areas. Yet there are still additional elements of the sector – harkening back to its name, ironically – that have yet to be a central focus area for many providers. State of Flux Technologies is one such provider targeting what we might term true supplier management (i.e., a focus on all aspects of the relationship and engagement with a supplier, including collaboration, development and joint innovation). We recently introduced our readers to this technology provider, whom we have included in the 2014 Spend Matters 50/50 “Providers to Watch.” In this analysis, we will look at the State of Flux platform, in particular what makes the solution different from the rest of the supplier management pack.