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

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The source-to-pay market is one of the most diverse and fragmented of all enterprise technology areas. Only a select group of vendors have solutions that cover the broad set of functional areas than span procurement technology with any degree of depth in all key areas. These individual segments include spend/supply analytics, strategic sourcing, supplier management, contract management, e-procurement, invoice-to-pay, trade financing and supplier networks/connectivity. But in practice, most procurement and finance organizations end up initially selecting only a subset of these capabilities from a single provider even if they value the concept of an integrated suite when deciding on what vendor(s) to work with.

At its core, Vroozi, a specialized vendor in the procurement technology sector, supports what is arguably the most complex and challenging segment of this market: e-procurement. Its solution brings a range of capabilities to enable transactional purchasing and procurement spend controls, including catalog management, purchase requisitioning, purchase order processing, supplier portal, marketplace capability and procure-to-pay analytics. It can also augment and serve as a front-end to ERP and back-office purchasing system, creating a modern wrapper for both procurement and business users alike.

This Spend Matters PRO Vendor Snapshot provides facts and expert analysis to help procurement organizations make informed decisions about Vroozi’s P2P 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 Vroozi in the procurement technology area. The remaining parts of this research brief cover product strengths and weaknesses, competitor and SWOT analyses and insider evaluation and selection considerations.

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