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SolutionMap: 58 Procurement Software Companies Ranked (Q1 2019 Update)

Q1 2019 Spend Matters SolutionMap procurement software company rankings

Spend Matters today released its Q1 2019 SolutionMap, ranking 58 procurement software companies across 12 solution categories, including E-Procurement, Sourcing, Spend Analytics, Supplier Relationship Management, Contract Lifecycle Management and Contingent Workforce & Services. Click on this article to see how to access rankings for free!

Q1 2019 E-Procurement: Provider Scoring Summary

This SolutionMap analyzes a select group of E-Procurement solution providers. It is part of our Q1 2019 SolutionMap report series, also featuring Spend Analytics, Sourcing, Supplier Management, Contract Management and Invoice-to-Pay providers. Our Q1 release also features SolutionMap for Procure-to-Pay and Strategic Procurement Technology suites.

Q1 2019 SolutionMap E-Procurement, Invoice-to-Pay and Procure-to-Pay Release Notes

Q1 2019 Spend Matters SolutionMap procurement software company rankings

This Spend Matters SolutionMap Insider Release Note provides insight into the Q1 2019 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 2019 SolutionMap release sees very few changes from the Q4 2018 release. Mainly, the Procure-to-Pay customer reference set added 14 new individual customer references in Q1. No new providers were added for Q1, but will be added for the Q2 2019 cycle. This SolutionMap Insider research note provides insight into these and additional changes in the Q1 2019 SolutionMap release.

BirchStreet: What Makes It Great (E-Procurement SolutionMap Analysis)

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If you’re outside of the hospitality, restaurant, food service, casino and food manufacturing industries, you’ve probably never heard of BirchStreet. But if you’re involved in purchasing goods and services in any of these markets — from CAPEX spending to bananas to booze — then chances are you’ve encountered this top-performing Spend Matters SolutionMap provider — or you’re already using it on a daily basis. And based on SolutionMap customer reference reviews and data, you’re quite happy indeed.

But how does BirchStreet stack up to other e-procurement vendors, especially those less-specialized providers trying to break into these markets? Join us as we explore what makes BirchStreet great based on SolutionMap’s analyst and customer benchmark data.

As of December 2018, SolutionMap contains functional and customer satisfaction benchmarks on more than 50 providers within the procurement technology landscape. Within SolutionMap, where does BirchStreet stand out most and help “set the bar” in e-procurement, and why should this matter for procurement and finance organizations?

Let’s delve into the SolutionMap benchmark to find out where BirchStreet is great.

“What Makes It Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider subscribers. Based on 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.

Q4 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 Q4 2018 SolutionMap report series, also featuring Spend Analytics, Sourcing, Supplier Management, Contract Management and Invoice-to-Pay providers. Our Q4 release also features SolutionMap for Procure-to-Pay and Strategic Procurement Technology suites.

Q4 2018 SolutionMap E-Procurement, Invoice-to-Pay and Procure-to-Pay Release Notes

This Spend Matters SolutionMap Insider release note provides insight into the Q4 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 Q4 2018 SolutionMap release sees a few changes from the Q3 2018 version. This includes the addition of one new provider: Wax Digital (E-Procurement). Additionally, a number of providers have received updated scoring based on the submission and demonstration of new production technology release capabilities. And the Procure-to-Pay customer reference set added 72 new individual customer references in Q4.

BuyerQuest: What Makes It Great (Analysis)

BuyerQuest was one of the first e-procurement providers to focus significant efforts on improving the user experience beyond just a “walk-up” shopping UI. Examples of these efforts include leveraging behavioral analysis to support guidance during the procurement process and innovation in support of purchase order management and receiving capabilities.

But how does BuyerQuest stack up among the 22 providers ranked in the latest e-procurement release? As of September 2018, the Spend Matters SolutionMap contains functional and customer satisfaction benchmarks on over 50 providers within the procurement technology landscape. Where does BuyerQuest stand out most and help “set the bar” in e-procurement? And why should this matter for procurement and finance organizations? Let’s delve into the SolutionMap benchmark to find out where BuyerQuest is great.

“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.

SAP Ariba: What Makes It Great (E-Procurement SolutionMap Analysis)

It will likely come as no surprise that SAP Ariba is a top-ranked functional provider within the E-Procurement SolutionMap for Q3 2018. But among the 22 providers ranked in the latest e-procurement release, SAP Ariba stands apart from the pack in a number of key areas, showing demonstrated innovation in various e-procurement components and disruptive technologies that many other providers are placing less emphasis on, yet could be crucial in selection decisions.

As of September 2018, the Spend Matters SolutionMap contains functional and customer satisfaction benchmarks on over 50 providers within the procurement technology landscape. But where does SAP Ariba stand out most and help “set the bar” in e-procurement? And why should this matter for procurement and finance organizations? Let’s delve into the SolutionMap benchmark to find out where SAP Ariba is great.

“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.

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

This Spend Matters SolutionMap Insider Release Note provides insight into the Q3 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 Q3 2018 SolutionMap release saw a number of changes from the Q2 2018 release. This includes the addition of the following new providers: ProProcure (ePRO), BirchStreet (ePRO, and a new appearance in I2P) and Jaggaer Direct (previously Pool4Tool in Q2 2017). Additionally, a number of providers have received updated scoring based on the submission and demonstration of new production technology release capabilities. In addition, the Procure-to-Pay customer reference set added 36 new individual customer references in Q3.

This SolutionMap Insider research note provides insight into these and additional changes in the Q3 2018 SolutionMap release.

Ultimate E-Procurement Ninja Warrior: Coupa vs. Ivalua vs. SAP Ariba (Q3 2018 E-Procurement SolutionMap ‘Battle of the Best’)

Our ongoing Head-to-Head comparison series has been immensely popular with members of our new SolutionMap Insider subscription service. But for Q3 2018 SolutionMap results, which have not yet published, we thought it would be fun to shake things up a bit. With functional scoring for e-procurement software vendors now finalized for the quarter (and due out in September), the Spend Matters analyst team thought we’d tweak the Head-to-Head format to create a “Battle of the Best,” pitting the highest-ranked vendors in a given procurement software category against each other.

But unlike last week, when SAP Ariba and Ivalua faced off in the supplier management ring, we’re not talking about just two vendors. Today we’re adding a third company to the mix. In this SolutionMap Insider research brief, we pit against each other the three top-ranked e-procurement functional providers for Q3 2018: Coupa, Ivalua and SAP Ariba.

That’s right. Ivalua is the new sheriff in town, and it ties at least one of the other two in the functional rankings. But how does Ivalua stack up overall in this new e-procurement company?

In certain categories within our functional requirements for e-procurement — including catalog management, shopping and requisitioning, ordering, receiving, supplier network, configurability, technology, general services and overall average score — Coupa or SAP Ariba either come out on top or tie each other. But in two areas, Ivalua sneaks in a stealthy blow, besting the better-known e-procurement leaders.

And overall, it’s incredibly close. But one vendor gets the nod, taking the prize as the last procurement software company standing in this three-vendor ultimate ninja battle. Take note, however, that the right solution will vary based on different initiative and organizational requirements, as well as how much “heavy lifting” a procurement or finance organization wants to take on to enable different e-procurement scenarios.

Still, there’s no debate that e-procurement selection processes will reward procurement organizations that tailor vendor selection to their specific needs and even specific initiative requirements in cases where e-procurement will not be at the core of a suite-based selection.

GEP: What Makes It Great (E-Procurement SolutionMap Analysis)

While not as well known some vendors for its e-procurement capability, GEP delivers a standalone cloud-based software platform, SMART by GEP, that holds its own in a highly competitive field. Based on both its Solution and Customer Value scoring in the Q2 2018 E-Procurement SolutionMap, GEP is a recommended fit for all five e-procurement personas. The unified processes offered by the GEP platform underpin one of the best order management capabilities in our benchmark, as well as the integration and visualization of information across the procurement, sourcing and supplier management lifecycles.

In the e-procurement market, GEP differentiates itself in a number of functional areas. As the Q2 2018 E-Procurement SolutionMap illustrates, GEP delivers above-the-benchmark functional capability in approximately 50 individual e-procurement requirements. Its SolutionMap performance provides compelling evidence that the provider is a must-shortlist candidate for all e-procurement buying scenarios.

“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.