The Invoicing Category

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.

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.

How Procurement Tech Adoption is Changing the Early Payment Game for the Better

The imperative to improve working capital is nothing new. As long as businesses have existed, buying organizations have wanted to hold onto their cash as long as possible, while suppliers have wanted to be paid promptly for goods and services provided. No wonder, then, that one of the oldest mechanisms to alleviate this discrepancy, invoice finance, dates back almost 5,000 years. But even over such a long history, invoice finance changed little. That's why the technological forces that are shaping this space stand to change so much about how it works.

SolutionMap Subscriptions and Practitioner Selection Programs: A Primer and Sneak Peek at Q1 2018 SolutionMap [PRO]

Earlier today Spend Matters released its Q1 2018 SolutionMap. The release now comprises six technology areas with individual vendor rankings (spend and procurement analytics, sourcing, supplier management, contract lifecycle management, e-procurement and invoice-to-pay) and three composite suite views (strategic procurement technologies, procure-to-pay and source-to-pay).

Our goal with SolutionMap is very different from what other analyst firms seek to achieve with their ranking systems. This is apparent even at our “free” level. The SolutionMap approach starts by releasing the ranking charts in the public domain, providing multiple persona-based views of vendor capability (45 comparative 2/2 matrices in total for the Q1 2018 release). We take a truly data-driven approach to plotting vendors, where an “average” score positions a provider in the dead center of a chart. SolutionMap ranking charts also make it easy to distinguish analyst scoring from customer scoring, plotting the data on separate analyst and customer axes. Finally, the Q1 2018 release actually reflects the time frame of its publication: We update the underlying data set and charts for SolutionMap on a quarterly basis.

Admittedly, the “free” stuff is designed to pique your interest. Unlike some of our peers in the analyst world, we have not made SolutionMap “reprint friendly” for the maximum number of vendors through grade inflation. Why? Because in the world of procurement technology, not everyone is “above average” like the children of Lake Wobegon. There’s an average, and there’s a deviation from average — positive and negative. Obfuscating these deviations might produce charts that make people feel good about buying decisions up front, but other than a near-term CYA, how useful will these be in the long run for those relying on them for, well, anything?

At the new SolutionMap subscriber level — separate from Spend Matters PRO — the tangible value of SolutionMap becomes even clearer. At this level, we unpack the underlying data we show for the analyst scoring by rated sub-category. For example, in the Supplier Management SolutionMap, you can see individual, tiered-based scoring for capabilities such as master data management (MDM), supplier onboarding support, core supplier information management (SIM) and supplier performance management, among other areas. Customer ratings (e.g., level of value perceived, quick deployment, ROI) are also visible.

To see the full level of data available to SolutionMap subscribers, check out the currently available reports from the Q1 2018 release:

There are views of the data beyond those provided in these reports (e.g., tiered-based scoring and ranked scoring for all sub-components that comprise an area, such as master data management within the Supplier Management report). Per our competitive intelligence policy, however, we reserve this view for practitioners going through a selection process (or the consultancies advising them), with strict licensing. This prevents comparative information from falling into the hands of competing vendors participating in SolutionMap. We take intellectual property protection and data privacy, for providers and practitioners, very seriously here at Spend Matters; otherwise, we’d find ourselves out of business quickly.

So, how exactly does all of this work? Read on as we unpack a SolutionMap Insider-level example within Supplier Management from the Q1 2018 SolutionMap. Specifically, we compare Jaggaer with Jaggaer Advantage (formerly BravoSolution) to showcase how it all works.

Q1 SolutionMap℠: 40 Procurement Technology Solution Providers, Ranked

Spend Matters released its Q1 2018 SolutionMap, ranking 40 procurement technology providers across nine different solution categories — including an end-to-end view of Source-to-Pay (S2P) providers and their capabilities for the very first time.

Q1 2018 SolutionMap Release Notes: Source-to-Pay (S2P)

This Spend Matters SolutionMap Insider Release Note provides insight into the Q1 2018 SolutionMap release for Source-to-Pay, reviewing the process that we followed for this inaugural release.

The providers in the Q1 2018 Source-to-Pay SolutionMap include Determine, GEP, Ivalua, SAP Ariba and Zycus. All of these providers were required to participate in SolutionMap for each underlying module, as well. These individual areas include Sourcing, Spend and Procurement Analytics, Supplier Relationship Management & Risk, Contract Lifecycle Management, E-Procurement and Invoice-to-Pay. All of these providers are also included in the individual Strategic Procurement Technologies (SPT) and Procure-to-Pay (P2P) suite views.

This SolutionMap Insider research note provides insight into these and additional considerations in the Q1 2018 SolutionMap release. The Source-to-Pay customer data set comprises more than 250 individual survey responses among the more than 500 different organization references included in the overall SolutionMap scoring as of Q1 2018 (and 1,000-plus individual survey responses* by module).

*Customers using more than one module that a vendor provides can opt to fill out a single survey within each individual suite area (e.g., a customer using two modules for P2P and four modules for SPT would only need to fill out two surveys).

Q1 2018 SolutionMap Release Notes: Sourcing, Spend Analytics, SRM, CLM and Strategic Procurement Technology Suites

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This Spend Matters SolutionMap Insider release note provides insight into the Q1 2018 SolutionMap release for Sourcing, Spend and Procurement Analytics, Supplier Relationship Management & Risk, Contract Lifecycle Management, and Strategic Procurement Technologies Suite Solution Maps, reviewing the process we follow and highlighting what has changed since the last release.

Within the individual areas covered in this brief, the following providers have been added to the Q1 2018 release: Agiloft, Aravo, ConnXus, HICX, Opera BIQ, Simfoni and SynerTrade. Additionally, providers such as SAP Ariba have received updated scoring following the submission and demonstration of new capabilities based on production releases of individual modules. (Non-GA capabilities are not considered in SolutionMap scoring.) This SolutionMap Insider release note explores these and additional changes in the Q1 2018 SolutionMap release.

Q1 2018 SolutionMap Release Notes: E-Procurement, Invoice-to-Pay and Procure-to-Pay

This Spend Matters SolutionMap Insider Release Note provides insight into the Q1 2018 SolutionMap release for E-Procurement, Invoice-to-Pay (I2P) and Procure-to-Pay (P2P), reviewing the process that we follow and highlighting what has changed since the last release.

The Q1 2018 SolutionMap release saw a number of changes from the Q4 2017 release. This includes the addition of the following new providers: OpusCapita, Oracle and Yooz. Additionally, a number of providers have received updated scoring based on the submission and demonstration of new production technology release capabilities. The SolutionMap analyst team also updated weights for select buying personas, to create clearer differentiation between personas. The Procure-to-Pay customer reference set now comprises nearly 200 different procurement organizations.

This SolutionMap Insider research note provides insight into these and additional changes in the Q1 2018 SolutionMap release.

Nimble Buying: A Guide to P2P Solutions for Mid-Market Companies

Procure-to-pay needs can be quite different for the large corporations of the Fortune 500 and small and medium-sized companies, yet the former has tended to dominate. Fortunately, now there are plenty of flexible and economical solutions that meet mid-market companies’ P2P needs and budgets. Xavier Olivera, lead P2P analyst at Spend Matters, and Justin Holden, a vice president of sales at Yooz, recently presented a webinar geared towards the mid-market company, Year of the Nimble Buyer: Quick-Hit Tools for P2P Success in 2018.