‘Innovation’ the Connective Tissue to this Year’s 50 to Watch, 50 to Know Lists

The 100 procurement technology solution providers that make up the 2017 50 to Watch, 50 to Know lists represent quite a bit of diversity. From consulting to healthcare, big data to supply risk, there truly is something for every practitioner in this year's lists. But there is one unifying quality that transcends the 2017 listees: Innovation.

Pierre Mitchell, chief research officer at Spend Matters, says: "As you might expect, innovation has obviously been the largest driver for new providers on the list. In particular, focused analytics that are unlocking new sources of solution value (one of the key dimensions in our new Solution Maps) in new re-imagined ways are making the list.  But, some solutions, which include services and not necessarily [just] technology, are gaining momentum because they create customer value (2nd dimension) which in turn helps fund new focused investment."

Pierre added that innovation momentum and customer impact is leading to consolidation in the market. In fact, we are also seeing the convergence previously predicted across various solution/provider types as evidenced in this graphic:

If you want your organization to be considered for next year's list, be sure your Almanac listing is live and updated. For practitioners, the Spend Matters Almanac is a trusted resource to discover the solution providers that are best suited to address the needs of your procurement or supply chain project.

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