The Vendor Snapshots Category

HICX: Vendor Snapshot Update (Part 2) — Product Strengths and Weaknesses, Customer Perspective and Summary Recommendations [PRO]

HICX is representative of a provider that excels in a single platform-level element of a particular discipline (i.e., master data management within supplier management), using this element to build competitive differentiation and a strong customer following in a highly competitive marketplace. While much of our original Spend Matters Vendor Snapshot from 2016 (see Part 1 and Part 2) on HICX remains an accurate review of the provider in 2018, the MDM specialist has leveraged its core strengths to deliver adjacent capabilities and product line extensions.

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

HICX: Vendor Snapshot Update (Part 1) — Updated Facts, Solution Footprint, Solution Enhancements and Competitive Landscape [PRO]

In our last deep dive analysis of HICX, a U.K.-based supply chain master data management technology firm, we noted that the provider delivered a unique set of supplier-centric MDM capabilities coupled with configurable workflow for buyers and suppliers. Our original HICX Vendor Snapshot series (see Part 1 and Part 2) still provides a useful foundation for those considering the MDM specialist as a shortlist candidate for supplier management.

For those evaluating HICX, we also recommend the latest Q1 2018 Supplier Management SolutionMap Insider coverage to understand how the provider compares in the supplier management and risk management market on a comparative basis.

This two-part Spend Matters PRO Vendor Snapshot Update provides an refresh to our previous analysis of HICX. Part 1 provides updated key facts on HICX, a solution overview and a competitive landscape update. Part 2 provides updated strengths and weaknesses, customer reference insights, and summary recommendations on when to consider HICX as a top shortlist candidate for supplier management.

Spendata: Vendor Snapshot (Part 2) — Product Strengths and Weaknesses [PRO]

data analytics

Spendata is one of the first third-generation spend analytics platforms that takes analytics out of the fixed data warehouse world and into the modern big data era, where you can do the analysis you want, when you want, where you want and how you want. As it runs in the browser, your only restriction is an OS that runs Chrome (which are 99% of the OS deployments). And you don't have to worry about whether or not the vendor is GDPR compliant, because the data stays on your machine.

This Spend Matters PRO Vendor Snapshot explores Spendata’s product strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide whether they should shortlist the vendor. It also offers a critique of the user interface. Part 1 of our analysis provided a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Bonfire in the sourcing technology area. The final installment in this series will offer a SWOT analysis, user selection guide, competitive alternatives, and additional evaluation and selection considerations.

Bonfire: Vendor Snapshot (Part 3) — Summary and Competitive Analysis [PRO]

Bonfire is one of our most anticipated new participants in Spend Matters Q2 2018 Sourcing SolutionMap. Based on what we have covered in this deep dive analysis of Bonfire thus far, we suspect that the provider will personify many of the requirements of the Nimble persona, providing a compelling functional alternative to top-ranked Value Leaders including Scout RFP, Coupa, EC Sourcing, Keelver and Market Dojo (not to mention Nimble Solution Leaders including Ivalua, Zycus, Scanmarket and SynerTrade, as well as Nimble Customer leader SAP Ariba).

This third and final installment of this Spend Matters Vendor Snapshot covering Bonfire provides an objective SWOT analysis of the provider and offers a competitive segmentation analysis and comparison. It also includes recommended shortlist candidates as alternative vendors to Bonfire and offers provider selection guidance. Finally, it provides a summary analysis and recommendations for companies considering the vendor. Part 1 provided an in-depth look at Bonfire as a technology provider and its specific solutions. Part 2 gave a detailed analysis of solution strengths and weaknesses and a review of the product’s user experience.

Bonfire: Vendor Snapshot (Part 2) — Product Strengths and Weaknesses [PRO]

The market for best-of-breed sourcing solutions continues to take off. Bonfire, which was founded two years before Scout RFP, is the newest provider in the sector to build significant momentum in North America, leveraging a similar playbook as its better-known competitor, emphasizing ease-of-use, adoption and the user experience. With more than 230 customers in the U.S., Canada and the Caribbean, including market penetration in the public sector that rivals larger providers, Bonfire is becoming a more frequent shortlist candidate in an increasing number of sourcing buying scenarios in which suite capability is not a prerequisite.

This Spend Matters PRO Vendor Snapshot explores Bonfire’s product strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide whether they should shortlist the vendor. It also offers a critique of the user interface. Part 1 of our analysis provided a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Bonfire in the sourcing technology area. The final installment in this series will offer a SWOT analysis, user selection guide, competitive alternatives, and additional evaluation and selection considerations.

Bonfire: Vendor Snapshot (Part 1) — Background and Solution Overview [PRO]

Just when you thought the sourcing technology market was mature and the competitive field had narrowed down to fewer choices, along comes a new contender. And not just any provider, but one that could prove a real thorn in the side of competitors, especially for those focusing on public sector, those targeting the “Nimble” SolutionMap buying persona or those targeting the middle market. This new rose — or thorn, depending on your vantage point — is Bonfire. Scout RFP customers and prospective customers, in particular, should pay particularly close attention to Bonfire, as should those considering Market Dojo, EC Sourcing, Scanmarket, SynerTrade and similar providers.

Larger procurement teams that desire Nimble providers, as well as smaller organizations, often need point-based solutions that can be implemented quickly, at an upfront cost they can afford and with a quick ROI to justify their selection. Bonfire fits this description closely. However, your organization won't know if Bonfire should be on your shortlist without some deep insight into what the platform does, where its strengths and weaknesses are, and what its customer base looks like (to understand if they are used to serving your industry). That's what this PRO series is designed to help you understand.

This Spend Matters PRO Vendor Snapshot provides facts and expert analysis to help procurement organizations make informed decisions about whether Bonfire, as a standalone sourcing solution, is a better fit than both alternative best-of-breed and suite-based tools. 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 Bonfire. The remainder of this multipart research brief covers product strengths and weaknesses, competitor and SWOT analysis, user selection guides, and insider evaluation and selection considerations.

BidMode: Vendor Introduction (Part 2) — Solution Strengths, Weaknesses and SWOT [PRO]

This Spend Matters PRO Vendor Introduction continues our initial coverage of BidMode, a recent entrant in the sourcing optimization sector. If you’re curious about how BidMode stacks up on a comparative basis to Coupa, Jaggaer, Keelvar and others in the Sourcing Optimizer persona, you’ll need to wait until our Q2 2018 SolutionMap release, in which EC Sourcing — with BidMode pre-integrated — features its optimization capability.

This two-part Spend Matters PRO Vendor Introduction provides a candid take on BidMode and its solutions. This second installment analyzes the strengths and weaknesses of BidMode’s solution, as well as offers an overall SWOT analysis and summary perspective on the provider. Part 1 of this brief includes an overview of the BidMode, describes its capabilities and provides a checklist for those that might consider the provider.

LexisNexis Entity Insight: Vendor Snapshot (Part 1) — Background and Solution Overview [PRO]

Almost overnight it seems that the supply risk management (SRM) solution area has exploded with new options. Available solutions fall into a range of categories. On one end of the spectrum, technology suite vendors are adding basic supplier risk functionality, providing what amounts to a starter package for procurement organizations to quickly “risk categorize” their suppliers. While solutions like this may lack the feature and monitoring depth that more advanced procurement and supply chain organizations may require, they deliver a combination of integrated ease of access and use that can be difficult to pass up as an add-on to existing capabilities.

At the other end of the spectrum, more advanced supply and supply chain risk management solutions now provide multiple dimensions of insight through integrated software and content packages that can stand on their own as an independent solution area separate from traditional “source-to-pay” suites and modules or integrate with existing systems. These types of solutions, which include LexisNexis Entity Insight (LNEI), the subject of this analysis, are typically best suited for procurement and supply chain management teams where risk management practices and solution requirements are well developed or more strategic.

This Spend Matters PRO Vendor Snapshot provides facts and expert analysis to help procurement organizations make informed decisions about LNEI and whether its solution is a fit for their supplier and supply chain risk management needs. Part 1 of our analysis provides company background information and a solution overview, as well as recommended fit suggestions. The remaining parts of this research brief will cover product strengths and weaknesses, competitor and SWOT analyses, and insider evaluation and selection considerations.

bidmode: Vendor Introduction (Part 1) — Background and Solution Overview [PRO]

Those who think the sourcing optimization market is wrapped up by incumbent technology would be wrong. For at least the last few months, procurement organizations interested in sourcing optimization have had their choice of five different providers: SAP Ariba, Coupa, Jaggaer, Keelvar and SynerTrade. To this list, we can now add a sixth option: bidmode.

Among the first five on the list, currently available choices and capability vary significantly. SAP Ariba, the newest entrant, has big ambitions but limited capability. SynerTrade, which has not invested much in optimization since a few customers demanded the capability a decade ago, is in the same boat. The remaining three all offer differing degrees of more advanced capability.

But now to the sixth option. Without even a single mention in the media yet, bidmode, which launched this year, already has a few customers and a pipeline of about a dozen prospects for its new, low-risk entry model called "bidmode Inside," in which it serves as an extension to third-party sourcing capabilities.

This two-part Spend Matters PRO Vendor Introduction provides a candid take on bidmode and its solutions. Part 1 provides an overview of bidmode and its capabilities, as well as a checklist for those that might consider working with the company. Part 2 offers a perspective on what is comparatively good (and not so good) about bidmode’s solution, including a SWOT analysis.

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.

Insight Sourcing Group (ISG): Provider Introduction, Summary and SWOT [PRO]

consultant

Insight Sourcing Group (ISG) is likely the largest North American boutique management consulting firm providing strategic and operational solutions for procurement. But unlike similar firms, ISG offers more than just consulting services. Beyond its core business, ISG has three additional business units that form the nucleus of its offering: SpendHQ, a spend analytics platform; InsightGPO, a group purchasing organization (GPO); and ISG Energy, an energy supply and demand cost optimization practice.

This Spend Matters PRO Provider Introduction offers an overview of ISG, including quick facts on the provider. The brief includes an introduction to each of ISG’s four business lines, an overall SWOT analysis comparing it to other procurement consultancies and a selection checklist for companies that may consider the provider.