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Coupa Sourcing: What Makes It Great (Sourcing SolutionMap Analysis)

As of Q3 2018, Spend Matters SolutionMap contains functional and customer satisfaction benchmarks on more than 50 different procurement software providers, 17 of which offer e-sourcing software. In the latest Q3 SolutionMap benchmark dataset, Coupa takes first place in Analyst scoring, aided not only by best-in-class sourcing optimization capabilities from its acquisition of Trade Extensions but also by other enhancements it has made throughout the sourcing lifecycle.

But where does Coupa stand out the most and “set the bar” across the more than 100 functional benchmarks that comprise the Sourcing SolutionMap? And why should this matter for sourcing and category teams? Let’s dive into the Sourcing SolutionMap benchmark to find out.

“What Makes It Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider subscribers. Based on both our rigorous evaluation process and customer reference reviews, each brief offers quick facts on the provider, describes where it excels, provides hard data on where it beats the SolutionMap benchmark and concludes with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.

Icertis: What Makes It Great (Contract Lifecycle Management SolutionMap Analysis)

Editor’s note: This “What Makes It Great” column is normally reserved for SolutionMap Insider Subscribersbut Icertis has generously agreed to support access for readers who are not yet members. 

As of Q3 2018, Spend Matters SolutionMap provides functional and customer satisfaction benchmarks for more than 50 software providers within the procurement, finance and legal technology sectors. To date, we have rated 13 providers for the contract lifecycle management (CLM) benchmark. Not every provider, however, has yet appeared in the CLM SolutionMap ranking charts and SolutionMap Insider subscription publications, because some are simply too far off the functional mark to make the cut.

This is not the case with Icertis. In fact, Icertis sets the functional bar for CLM, pushing some of its competitors off the map in the process. In the latest SolutionMap benchmark dataset, Icertis takes first place for Analyst scoring. Within this market, the vendor stands out from the crowd for both the breadth and depth of its functional capabilities, as well as for its platform-based approach to CLM. But where does Icertis stand out most, and why should this matter for procurement and legal organizations? Let’s delve into the SolutionMap CLM benchmark to find out.

“What Makes It Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider subscribers. Based on both our rigorous evaluation process and customer reference reviews, each brief offers quick facts on the provider, describes where it excels, provides hard data on where it beats the SolutionMap benchmark and concludes with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.

Beeline: What Makes It Great (Temporary Staffing/VMS SolutionMap Analysis)

Editor’s note: This “What Makes It Great” column is normally reserved for SolutionMap Insider Subscribers, but Beeline has graciously agreed to unlock this piece for readers who are not yet members.

The contingent workforce and services technology market consists of three main segments: temporary staffing, which represents the classic vendor management system (VMS) market; independent contract workers (ICW), which includes technology for managing freelance resources; and contracted services/statement of work (SOW). Of the three, temporary staffing has historically attracted the majority of CW/S technology spend, and in these solution selections, Beeline has long been a familiar face whenever a VMS or VMS/MSP is up for consideration, both in North America and globally — especially in scenarios where technology is an essential consideration to the buyer.

As of Q3 2018, Spend Matters SolutionMap contains more than 1,250 functional and customer satisfaction benchmarks encompassing more than 50 procurement software companies. In our first SolutionMap release for contingent workforce and services procurement, nine providers participated in our rigorous evaluation and rating process. Among these nine, Beeline, aside from having significant critical mass, is also the last independent provider remaining in the sector that is not part of a larger source-to-pay (S2P) or ERP parent. So as the last independent solution standing, how does Beeline stack up to its peers? Where does it stand out most, how does it help “set the bar” and why should this matter for procurement and HR organizations?

Join us in exploring what makes Beeline great, based on the latest functional and customer SolutionMap benchmarks from Q3 2018.

“What Makes It Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider subscribers. Based on both our rigorous evaluation process and customer reference reviews, each brief offers quick facts on the provider, describes where it excels, provides hard data on where it beats the SolutionMap benchmark and concludes with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.

Simfoni: What Makes It Great (Spend Analytics SolutionMap Analysis)

Spend analytics tools that stagnate age quickly. But solution providers that listen to customers, practice agile software development and bring a deep knowledge of procurement can flank a large cross section of incumbents — quickly.

Simfoni, one of the top-ranked spend analytics software providers by both Analyst and Customer scoring in the Spend and Procurement Analytics SolutionMap, is a case in point. Founded in 2015, Simfoni delivers above-the-benchmark performance in numerous functional areas and is convincingly a Value Leader across all spend analytics buying personas. Join us in exploring what make Simfoni great, based on the latest functional and customer SolutionMap benchmarks from Q2 2018.

“What Makes It Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider Subscribers. Based on both our rigorous evaluation process and customer reference reviews, each brief explains how the provider excels and where it beats the SolutionMap benchmark, concluding with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider the vendor.

Q3 2018 Spend Analytics: Provider Scoring Summary

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This SolutionMap analyzes a select group of spend analytics providers. It includes coverage of spend analytics capabilities that encourages subscribers to “peel the onion” beyond cleansing, classification, enrichment and reporting capabilities alone. It is part of our Q3 2018 SolutionMap report series, also featuring sourcing, supplier management contract management, e-procurement and invoice-to-pay providers.

Q3 2018 Procure-to-Pay (P2P): Provider Scoring Summary

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The Spend Matters SolutionMap Procure-to-Pay (P2P): Provider Scoring Summary is only available to SolutionMap Members. This SolutionMap analyzes a select group of procure-to-pay solution providers. It is part of our Q3 2018 SolutionMap report series, also featuring spend analytics, sourcing, supplier management, contract management, e-procurement and invoice-to-pay providers.

Q3 2018 Invoice-to-Pay (I2P): Provider Scoring Summary

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This SolutionMap scoring summary analyzes a select group of invoice-to-pay solution providers. It is part of our Q3 2018 SolutionMap report series, also featuring spend analytics, sourcing, supplier management, contract management and e-procurement providers. Our Q3 release also features a SolutionMap for procure-to-pay and strategic procurement technology suites.

Q3 2018 E-Procurement: Provider Scoring Summary

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This SolutionMap analyzes a select group of E-Procurement solution providers. It is part of our Q3 2018 SolutionMap report series, also featuring Spend Analytics, Sourcing, Supplier Management, Contract Management and Invoice-to-Pay providers. Our Q3 release also features SolutionMap for Procure-to-Pay and Strategic Procurement Technology suites.

Q3 2018 Supplier Relationship Management and Risk (SRM): Provider Scoring Summary

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This SolutionMap scoring summary analyzes a select group of supplier management (SXM) providers. It includes coverage of supplier information management (SIM), supplier master data management (MDM), supplier performance management and broader initiative management (e.g., risk, third-party management) capabilities. It is part of our Q3 2018 SolutionMap report series, also featuring spend analytics, sourcing, contract management, e-procurement and invoice-to-pay providers.

Q3 2018 Source-to-Pay (S2P): Provider Scoring Summary

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This SolutionMap analyzes a select group of source-to-pay solution providers. It is part of our Q3 2018 SolutionMap report series, also featuring spend analytics, sourcing, supplier management, contract management, e-procurement and invoice-to-pay providers. Our Q3 release also features SolutionMaps for Strategic Procurement Technology suites.

Q3 2018 Contract Lifecycle Management (CLM): Provider Scoring Summary

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The Spend Matters SolutionMap Contract Lifecycle Management (CLM): Provider Scoring Summary is only available to SolutionMap Members. This SolutionMap analyzes a select group of Contract Lifecycle Management (CLM) providers. It is part of our Q3 2018 SolutionMap report series, also featuring spend analytics, sourcing, supplier management (including supplier information management, performance management and risk management), e-procurement and invoice-to-pay providers.

Q3 2018 Strategic Procurement Technologies (Sourcing, Analytics, CLM and SRM): Provider Scoring Summary

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This SolutionMap analyzes a select group of strategic procurement technology suite providers (inclusive of spend analytics, sourcing, supplier management and contract lifecycle management).