Tuesday at Zycus Horizon, the provider articulated an early vision around platform-as-a-service (PaaS) to connect its applications with the outside world alongside a supplier network approach that will serve as a single portal interface (and more) for procurement and suppliers to enable walk-up open or invited registration, transactional document exchange/connectivity, supplier search/discovery and more. In this Spend Matters PRO article, we talk about how Zycus has an opportunity to become a virtualized suite and PaaS alternative to other procurement technology providers in the market.
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Opus Global has been out shopping for companies again, and this time it bought data aggregation and analytics capabilities in the form of Alacra. Opus announced the news yesterday. This Spend Matters PRO research brief takes a look at Opus’ recent acquisition of the 20-year-old data aggregation and analytics firm, which brings an impressive roster of premier data content partners along with it. We discuss the possible potential of this deal and what it might add to Opus’ other procurement-centric solution provider, Hiperos, and what it can mean from a bigger market perspective.
Whether you know it by its real alias or are just a fan of malapropisms, the John Hancock, the signature, is a revered stalwart in any business. And with the dawn of the Internet age, digital and e-signatures have surged in popularity. As such, it is crucial we fully understand what these 2 technologies are and how they differ. E-Signatures and Digital Signatures – Understanding the Difference And Learning What They Really Mean For You, by Jason Busch, founder and managing director at Spend Matters, and Michael Lamoureux, contributing analyst, is now available for FREE download. Get your copy today!
Data analysis – it’s one business practice we can all agree is important. From gleaning insight from statements of income to better crafting annual budgets and sales forecasts, data analysis, when done right, provides a wealth of important information for a company. However, it’s my opinion that the vast majority of companies do not take advantage of data analytics, despite the solutions available on the market to simplify this process. Tungsten is one such solution, offering increasingly effective analysis tools. In this Spend Matters PRO research brief, I’ll focus on how Tungsten is taking advantage of its invoicing solution to boost its spend analysis capabilities.
Spend Matters PRO procurement technology coverage is often deep – and dare we say esoteric – for those that aren’t true procurement tech geeks like us. Much of our coverage of procurement tech provider SciQuest falls into this category. For those who have not gone into the modular weeds – including a number of its customers – SciQuest is somewhat of an enigma. And it was to us as well until we invested the time to understand all sides of the provider. To help our readers, we recently prepared a graphical PDF highlighting our view of the provider along with a summary of actual market trends driving adoption of both point solutions and suites today and tomorrow.
Proactis, a UK-based spend management and e-procurement provider, already has a unique offering of cloud-based software solutions but is now looking to move its spend control conversation to the boardroom, offering an end-to-end platform and complementary suite of services encompassing its cloud-based software solutions, as well as an internal team to support customers’ implementation and operational processes, to streamline interactions and collaboration between buyers and sellers. This Spend Matters PRO article takes an in-depth look at where Proactis stands today in the market and how it intends to grow in the future. We discuss the provider’s current strengths among procurement technology solutions, including spend control and invoicing tools, and why we think the company is a standout in the market.
Earlier in the month, Infor announced it would acquire GT Nexus, a move that appears to strategically position Infor as a supply chain platform and network provider – 2 concepts that are related, but different. The deal represents something very different than just being a holding company for old ERP systems and a developer of a new cloud-based application suite/platform that will integrate and eventually replace them. But the combination of the 2 firms is not as simple as combining both internal and external enterprise worlds. We’ll concentrate our analysis on how Infor and GT Nexus fit together as an integrated supply chain business solution.
In Part 1 of our series on procurement platforms, we started discussing various characteristics of platforms and gave some examples of these solutions, namely Concur (now a part of SAP). In this PRO research brief, we will analyze what Concur and its platform offers and how the provider brings the platform benefits to life. But how has Concur built its platform? And how, exactly, does the provider differentiate itself from all these other procurement platform “posers?” Read on! We will also discuss how procurement organizations can distinguish between actual platforms and those just using this powerful term as a sales tactic.
E-Signatures and digital signatures are a rapidly growing sub-segment of the procurement and broader enterprise technology market. The numbers are truly off the charts. According to industry research, the segment experienced 48% growth in 2011, and an average of 53% annual growth in 2012 and 2013. Forrester estimates there will be 700 million e-signature transactions by 2017. There is no doubt that the growth will continue in this market at breakneck pace for at least the next few years. But where do e-signatures and digital signatures fit into e-procurement, beyond simply replacing handwritten signatures on the contract paper? This Spend Matters PRO research brief provides examples and use cases where these solutions can play a critical role supporting end-to-end source-to-pay (S2P) and related procurement processes.
Digital and electronic signatures can play a significant role in accelerating procurement and supplier management processes, reducing cycle times and eliminating latency across a range of activities. They can also help create value in other areas, from organizational and vendor compliance to saving money. This Spend Matters PRO series exploring e-signatures and digital signatures provides a foundation for procurement organizations to understand, evaluate and implement these solutions to enable a variety of use cases, including contract implementation and contract lifecycle management. In this research brief, we explore the business drivers for digital and electronic signature usage as well as selection considerations when evaluating potential solution providers.
ESM Solutions may have already made a name for itself in the higher education industry, but the spend management and e-procurement provider is also exploring additional markets as it considers future expansion. In order to do so, ESM needs to invest heavily in marketing and sales efforts and focus on research and development to incorporate new functionalities into its integrated solution suite. In this Spend Matters PRO research brief, I will dive into ESM tools including its invoicing capabilities, share insight from ESM customer interviews and how the provider is expanding its reach with new partnerships.
On this Flashback Friday we look back to another one of our most popular Ask the Expert webinars, this one originally held in July 2014. Thomas Kase, vice president of research at Spend Matters, led this webinar Ask the Expert: Intellectual Property, Patents & Proprietary Procurement Solutions, which focused specifically on procurement provider software patents and what practitioners using these solutions need to know about said patents. Why is such information important for practitioners? Read on and check out the full recording of this popular webinar!