The eProcurement / Procurement Category

Catalog Management: Technical and Functional Component Requirements (Part 2) [PRO]

As our Spend Matters PRO series on catalog management continues, we turn our attention to the business, technical and functional requirements that comprise this component of procure-to-pay solutions, specifically what procurement organizations should look for as they evaluate technology vendors as part of an e-procurement selection process. The capabilities we describe in this research brief are based on the Spend Matters SolutionMap RFI requirements for catalog management as a component of procure-to-pay.

Today, we turn our attention to two components of catalog management: catalog creation (inclusive of supplier onboarding) and data quality control, outlining the functional requirements we look for when evaluating catalog management as part of SolutionMap scoring and when defining requirements with procurement organizations in e-procurement and procure-to-pay selection processes.

We welcome discussion with organizations interested in exploring catalog management further. Please don’t hesitate to get in touch.

Catalog Management: What It Is and Why It Matters (Part 1) [PRO]

One can almost hear Rodney Dangerfield strutting on stage, blurting out, “Catalog management.It don’t get no respect.” At least if you’re as into old 1980s stand-up comedy reruns and e-procurement technology as us.

But seriously, we miss that guy. And with a statement like that, the late Dangerfield would have been spot on about catalog management, an area that is not as well understood or respected as a centerpiece of e-procurement as it should be. This Spend Matters PRO series provides an introduction to catalog management for both business and technical users. Our goal is nothing short of getting it the respect it deserves.

Today, we begin our series with a look at what catalog management is and the different capabilities of which it consists, as well as its intersections with supplier network enablement and connectivity. Those interested in how different providers compare to each other in the catalog management arena as part of broader e-procurement and procure-to-pay capabilities should also check out our latest SolutionMap Insider reports.

We welcome discussion with organizations interested in exploring catalog management further. Please don’t hesitate to get in touch.

Oracle vs. Coupa: E-Procurement Head-to-Head Technology Evaluation and Comparison

What was the Analyst scoring shocker in the Q1 2018 SolutionMaps for E-Procurement and Procure-to-Pay? Oracle. But is Oracle Procurement Cloud on the same transactional procurement technology and capability level as Coupa — or even higher — when it comes to e-procurement?

Join us in this unfiltered SolutionMap results analysis from our Q1 2018 dataset, supplemented by commentary from Spend Matters Founder Jason Busch. These recurring Head-to-Head columns share insights from each quarterly SolutionMap report for SolutionMap Insider Subscribers, providing unique comparative cuts of SolutionMap benchmark data, along with the trademark quips that have defined Spend Matters analysis since its inception.

So prepare for some real data and expect at least a modicum of salty opinion as we pit Coupa and Oracle head-to-head in the Spend Matters evaluation ring. Here’s a preview: In certain e-procurement capabilities — which span catalog management, shopping/requisitioning, ordering, receiving, supplier network, configurability, technology (overall), general services and a summary e-procurement average — Coupa wins hands down.

But in others, Oracle surprisingly bests the pole position operational procurement car, bringing capability that takes the prize as the absolute “most improved” e-procurement set of technologies over the past few years. And when the checkered flag comes out — well, we won’t give that away just yet. But the scoring will surprise, we promise. (Hint: It depends on what data you’re looking at and what data you value in your own selection process, as the two providers have different strengths.)

The Q1 2018 E-Procurement SolutionMap benchmark is now based on an underlying dataset featuring 19 separate providers, including all of the “biggies” procurement organizations can expect to consider in a typical selection process. Whether you’re in the market for a new e-procurement product or want to know if you made the right decision for your organization, our SolutionMap analysis and benchmark data can tell you the answer. Curious to learn more? Don’t hesitate to get in touch.

How to Make Time for Value-Add Activities by Controlling High-Volume, Low-Dollar PO Spend

purchasing

Editor’s note: This is part of the Ask Spend Matters series, where readers send in their burning questions about procurement and supply chain.

A reader recently wrote in asking for ideas on controlling high-volume, low-dollar PO spend on readily available commodity items in order to free up time for value-add activity. The conventional wisdom is that purchase orders act as a point of reference and an insurance of sorts against fraud or unintentional errors related to invoicing, pricing, duplicates and wrong products. Yet POs can undoubtedly be a pain for buyers to draft, not to mention that all of the paperwork lengthens and slows down the entire purchasing process. There are two main options here to consider.

From Watch to Know in 2018: How OpusCapita Helps Companies Tackle Complexity on the Buy and Sell Sides

Each year, some companies on the Spend Matters 50 Providers to Know and 50 Providers to Watch lists push themselves beyond simply a standout performance. They earn the recognition that they are not only bringing innovation into procurement organizations but also leading the charge to change the way we do business for the better. These are the providers who shifted from Watch to Know in 2018.

To learn more about these providers, we reached out to the four such cases in our 2018 50/50 lists, asking how they’ve changed over the years and what differentiates them from the competition. Today’s Q&A features Adam Tamburello, product marketing manager at OpusCapita, a provider of source-to-pay (S2P) solutions.

E-Procurement Head-to-Head Technology Evaluation and Comparison: Coupa vs. SAP Ariba

Coupa and SAP Ariba are among the two strongest e-procurement providers — and broader procure-to-pay (P2P) suites — in the Spend Matters Q1 2018 E-Procurement SolutionMap on a functional scoring basis. But how do they stack up against each other in a head-to-head bout?

Join us in this unfiltered SolutionMap results analysis from our Q1 2018 dataset, supplemented by commentary from Spend Matters Founder Jason Busch. These recurring Head-to-Head columns share insights from each quarterly SolutionMap report for SolutionMap Insider Subscribers, providing unique comparative cuts of SolutionMap benchmark data, along with the trademark quips that have defined Spend Matters analysis since its inception.

So prepare for some real data and expect at least a modicum of salty opinion as we pit Coupa and SAP Ariba head-to-head in the Spend Matters evaluation ring. Here’s a preview: In certain e-procurement capabilities — which span catalog management, shopping/requisitioning, ordering, receiving, supplier network, configurability, technology (overall), general services and a summary e-procurement average — Coupa gets the nod as the king of the hill e-procurement hill. But in others, SAP Ariba takes the prize. And at the final bell — well, we won’t give that away just yet. But the scoring might surprise you. (Hint: It’s bloody close.)

The Q1 2018 E-Procurement SolutionMap benchmark is now based on an underlying dataset featuring 19 separate providers, including all of the “biggies” procurement organizations can expect to consider in a typical selection process. Whether you’re in the market for a new e-procurement product or want to know if you made the right decision for your organization, our SolutionMap analysis and benchmark data can tell you the answer. Curious to learn more? Don’t hesitate to get in touch.

Basware Connect 2018 Dispatch: By the Numbers and New Developments

Global Procurement Tech Summit

Spend Matters is on the ground in Austin, Texas, to cover the Basware Connect 2018 customer conference. The event kicked off Wednesday with an analyst-focused discussion on where the procure-to-pay (P2P) provider grew in 2017 and where it is adding to its value proposition in the coming year.

Vroozi: Vendor Snapshot Update (Part 2) — Strengths, Weaknesses, Customer Perspective, Competition and Summary [PRO]

Vroozi typifies the speed of innovation happening within the broader source-to-pay market in recent quarters. While much of our original Spend Matters Vendor Snapshot from early 2017 on Vroozi remains descriptive of the provider (see Part 1Part 2 and Part 3), Vroozi has picked up its pace of innovation.

This two-part Spend Matters PRO Vendor Snapshot Update provides a refresh of our previous analysis of Vroozi. Part 2 provides updated strengths and weaknesses, customer reference insight, competitive landscape observations and summary recommendations on when to prioritize Vroozi as a shortlist candidate. The first installment of our 2018 update provides key facts on Vroozi, a solution overview, a recap of its overall footprint, and an update on new features and capabilities.

Sponsored Article

3 Reasons Catalogs Can’t Be Trusted to Manage Low-Value Spend

For many procurement organizations, catalogs have become the default way to manage indirect spend. It’s easy to see why. Catalogs offer a simple way to manage recurring, low-value purchases. By grouping previously sourced categories and commonly requested items into a single interface, catalogs promise ease of use, efficiency and, of course, increased savings, especially through the reduction of maverick spend. In practice, however, catalogs often create as many new problems as they solve. To help you understand why, here are three reasons why catalogs can’t be trusted to manage low-value spend — and how you can go about protecting your organization.

Vroozi: Vendor Snapshot Update (Part 1) — Updated Facts, Footprint and Enhancements [PRO]

The e-procurement and invoice-to-pay technology markets, which we collectively describe as procure-to-pay (P2P), provide incredible choice to software customers today. Not only are these sectors not yet consolidated, there also are a range of smaller technology providers that are seldom invited to the shortlist and selection dance as often as they should be. Within e-procurement especially, Vroozi is one provider that fits this description perfectly.

Spend Matters originally published a Vendor Snapshot on Vroozi in early 2017 (see Part 1, Part 2 and Part 3). A little over a year since then, Vroozi has made a considerable effort to update its solution, making improvements across its suite, including significant enhancements to its invoice-to-pay capabilities and additional investments in its core e-procurement offering. Most recently, in Q1 2018, Vroozi was among the top performers in the Nimble persona for the Spend Matters E-Procurement and Procure-to-Pay SolutionMaps — highlighting the comparative progress the provider has made in this period.

This two-part Spend Matters PRO Vendor Snapshot Update provides a refresh to our previous analysis of Vroozi. Part 1 provides updated key facts on Vroozi and a solution overview, including both a recap of the previous coverage and an update on new capabilities. Part 2 provides updated strengths and weaknesses, customer reference insight, competitive landscape observations and summary recommendations on when to consider Vroozi as a shortlist candidate.

Examining SMB Procurement Tech Needs: Do E-Procurement and SAP Ariba Snap Hit the Mark? [PRO]

purchasing

SAP Ariba is making a bet on the small and medium-sized business (SMB) market with its new Snap offering. But to fully understand this bet, some context is in order.

Smaller middle-market companies are generally late to the procurement technology game, especially compared with Global 2000 and Fortune 500 organizations. The most fully adopted procurement technology component within the SMB market, accounts payable automation (inclusive of basic invoice-to-pay capability), is more likely owned by the finance function than by procurement. And while travel and expense software is also valued by smaller organizations, its impact on procurement goals and metrics is generally limited relative to other initiatives organizations can pursue.

So where does e-procurement fit into the SMB equation, and if SAP Ariba Snap does hit the mark, where might that middle-market sweet spot be? This Spend Matters PRO brief explores how e-procurement solutions, including SAP Ariba Snap, fit into the SMB procurement agenda. It also provides a checklist for middle-market firms to think through when it might make sense to prioritize procure-to-pay (e-procurement and invoice-to-pay) investments relative to other areas such as strategic sourcing, analytics and supplier management. (For a full introduction to SAP Ariba Snap, read our Spend Matters PRO brief on the solution.)