Procurement Technology Predictions for 2016: Thomas Kase Shares His Two Cents

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Thomas Kase, vice president of research here at Spend Matters, shared his predictions for the procurement technology space in 2016. Check out his thoughts below:

 

Better, More Focused Solutions

“I expect the established suite players to round out their third-party management and global supply chain risk management features — not let themselves be pushed aside by niche players like Hiperos, Resilinc and Riskmethods.”

“Better procurement-focused metrics should also hit the market in 2016, from the big content names (waking up to procurement) to source-to-pay (S2P) and procure-to-pay (P2P) firms leveraging their meta data better.”

Consolidating the Smaller Players

“The Fed attempting to raise interest rates suggests wanting to put brakes on the stock market, so maybe some of the firms already public, or about to be, can finally start to consolidate some of the many providers in the space, or run them out of business. Every year I'm amazed at the high number of surviving smaller firms that serve procurement. Some firms should be able to pick up a load of clients (and develop talent) fairly inexpensively.”

Services Procurement Complexities

“We should expect more complex services and statement of work (SOW) capabilities among the suite firms in 2016. My colleague Andrew Karpie has pointed to the fragmentation among solution providers in the talent acquisition and management space, but we'll see if someone in the technology space manages to tie this together better in the new year. I’m thinking the Concur platform thinking delivered in a unified Fieldglass/Ariba package — can they pull that off with any toes intact? We will see.”

We’re Waiting…

“Where is Microsoft with its delayed Azure version of Dynamics? Is it time to bang on the procurement drum when Dynamics AX gets released in 2016? We’re interested to see how this plays out.”

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