Scanmarket: Vendor Snapshot (Part 1) — Background & Solution Overview [PRO]

The sourcing and supplier management suite market (inclusive of spend analytics, e-sourcing, supplier management and contract management) was a crowded sector for many years. But as more providers with capabilities focused on this area have expanded their product offering to transactional procurement and as vendors in the procure-to-pay (P2P) sector expanded through acquisition into sourcing and supplier management, the number of targeted suite providers focused solely on what we describe as the “source-to-contract” market has declined. Yet Scanmarket is one of those that remain (and it is the vendor with the most traction and the largest customer base). And it is a solution provider that is more than standing its ground in a market where consolidation and the march to both strategic and transactional suites is becoming the norm.

This Spend Matters PRO Vendor Snapshot provides facts and expert analysis to help buying organizations, suppliers and partners make informed decisions on Scanmarket’s source-to-contract capabilities. Part 1 of our analysis provides a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Scanmarket in the procurement technology area. The rest of this multi-part research brief will cover product strengths and weaknesses, competitor and SWOT analysis, user selection guides, insider evaluation and selection considerations.

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