The eProcurement / Procurement Category

Coupa Acquires Spend360, Adds Best-in-Class Spend Classification Capability to its Suite

Coupa announced early Tuesday it had acquired Spend360 International Ltd., a best-in-class spend classification vendor. Coupa “has acquired substantially all of the assets of Spend360 International Ltd. to help companies digitize antiquated processes for data classification,” the company said in the acquisition announcement. Coupa noted the acquisition closed in December 2016 and that financial terms were not disclosed. Further, “Coupa expects the capabilities from Spend360 to be made available to select Coupa customers later this year. As part of the acquisition, the Spend360 team has joined Coupa to continue developing forward-thinking approaches for data classification and predictive insights.”

SciQuest: Competing in Multiple Procurement Technology Market Segments — Year-End Tech Review

SciQuest

This post is part of our 2016 Year-End Procurement Tech Review, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. This is the last week of this series, and today we’re highlighting a company in the procurement technology space.

While it is possible to label SciQuest as a procurement technology suite vendor (source-to-pay, source-to-contract and procure-to-pay), the reality is that SciQuest competes in multiple, infrequently overlapping segments of the procurement technology market. To date, SciQuest has generally had different sets of customers, prospects and different competitors for its core P2P product. This stands in contrast to many of its peers, which have generally chosen to focus on fewer market segments rather than more.

Basware: The Finnish Procure-to-Pay Giant — Year-End Tech Review

trade

This post is part of our 2016 Year-End Procurement Tech Review, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. This is the last week of this series, and today we’re highlighting a company in the procure-to-pay (P2P) field.

Basware is one of the largest technology providers in the global procurement and accounts payable technology market. Its solutions span the entire procure-to-pay process, from requisition through payment and post-transaction analysis, and includes the Basware Commerce Network (BCN), which has over 100 million annualized transactions. The network is growing, and Basware expects to process 250 million transactions annually within three years.

Amazon Business Hatches a Well-Planned German Launch

Brandenburg Gate

Amazon Business has touched down in Germany. The B2B giant announced Tuesday that Amazon Business would be available in the Central European country for firms of all sizes that sign up for a free account. Spend Matters recently spoke with Amazon to get the details of the German launch.

GEP: Solution Review & Analysis [Plus+]

GEP (formerly Global eProcure) is an integrated procurement solutions and services firm that offers managed services (including full BPO capabilities), transformation services (i.e., consulting) and its own internally developed source-to-pay (S2P) technology suite. The combination of these individual capabilities from a single provider, especially as they become increasingly synergistic, makes GEP truly standalone in the industry. Ultimately, the company made the strategic decision to develop its own native source-to-pay cloud platform suite (“SMART by GEP,” released in 2014). It’s a strategic bet that procurement organizations of varying sizes want the agility and depth of a single provider that can flexibly assemble a solution of technology, managed services and transformation services to support their dynamic needs. This Spend Matters Plus analysis provides an introduction to the GEP solution for procurement organizations looking to understand whether they should consider adding the provider to their shortlists for consideration and competitive alternatives.

POOL4TOOL: A Specialized Technology Solution for Industrial Procurement — Year-End Tech Review

manufacturing

This post is part of our 2016 Year-End Procurement Tech Review, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. This week, we’re highlighting companies in the sourcing (including e-sourcing) and supplier management spaces.

The market for direct materials-centric procurement technology is just beginning to take off in North America and the Middle East. Yet POOL4TOOL is one of only a handful of technology vendors developing specialized solutions for procurement manufacturing environments. The Vienna-based procurement solution provider has extensive experience working with manufacturers across the source-to-pay continuum in direct materials.

2017: The Year of Digital Procurement? NEW Webinar Announcement

digital business transformation

Be sure to reserve your spot for this one, because attendance will fill up fast. Digital Procurement in 2017: Jason Busch and Pierre Mitchell's Predictions will feature Spend Matters' top analysts, as well as D'jay Nagalkar, vice president at GEP, on Friday, Dec. 9, at 12 p.m. CST, as they discuss everything digital procurement for the year ahead. What does a CEO want? How will procurement departments be measured? (And how do you stack up?)

GEP: The Swiss Army Knife of Procurement Providers — Year-End Tech Review

This post is part of our 2016 Year-End Procurement Tech Review series, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. This week, we’re highlighting companies in the sourcing (including e-sourcing) and supplier management spaces.

GEP (formerly Global eProcure) is an integrated procurement solutions and services firm that offers managed services (including full BPO capabilities), transformation services (i.e., consulting) and its own internally developed source-to-pay (S2P) technology suite. The combination of these individual capabilities from a single provider, especially as they become increasingly synergistic, makes GEP truly standalone in the industry.

Claritum: How a P2P Specialist Tackles Unmanaged Spend — Year-End Tech Review

funding

Claritum launched in 2002 with an initial focus on supporting transactional procurement needs for print and marketing services. Today, the company delivers a cloud-based P2P solution that also includes tactical sourcing capability. The provider counts more than 150,000 users in 35 countries across dozens of customers. Here's why we think procurement practitioners should keep an eye on them.

Claritum: Solution Review & Analysis [Plus+]

VMS

Procure-to-pay (P2P) technology providers do not always fit cleanly inside a single box or comparative two-by-two matrix. That's why procurement organizations are able to extend generic P2P solutions like Ariba and Coupa to many industries and categories. But specialist vendors can still differentiate in certain areas, even building a business case to sit alongside big name P2P solutions for the same customer.

Claritum is one such specialist. The firm launched in 2002 with an initial focus on supporting transactional procurement needs for print and marketing services. Over time, it built from this foundation to focus its P2P solution efforts on supporting complex purchases and low-volume spend areas that fall directly in the center of a Kraljic matrix rather than fitting nicely into one of the four quadrants — not to mention enabling spend that traditionally goes “unmanaged,” at least from an end-to-end definitional perspective.

This Spend Matters Plus analysis provides an introduction to the Claritum solution for procurement organizations looking to understand whether they should consider adding the provider to their shortlists for consideration and competitive alternatives.

Eved: Getting Event Spend Under Control — Year-End Tech Review

Eved

Eved, which provides what amounts to a highly specialized source-to-pay (S2P) — with an emphasis on “pay” — suite, is bringing a closed loop supply management approach to events and conference spend in a manner that has not been done before.

Determine: Re-Platforming for the S2P Future — Year-End Tech Review

Determine Inc.

Determine, a procurement suite technology vendor that is in the process of releasing a re-platformed solution (incorporating Selectica, b-pack and Iasta) onto a single code base and stack, has done a remarkable amount to bring multiple solutions together in a unified platform in a limited development timeframe. Procure to pay (P2P), contract lifecycle management (CLM) and supplier management (with limited sourcing) are fully available on a single platform today. By the end of 2016, Spend Matters analysis suggests that the new platform will have sufficient basic sourcing capability included, which will continue to be enhanced in 2017.