SolutionMap E-Procurement Premium Content

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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

e-Procurement Image

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.

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

Jaggaer Indirect (Jaggaer) occupies a unique position in the procurement software market. Not only is it the only independent source-to-pay suite vendor with proven use cases for all solution areas, it also has a track record of competing across multiple, highly specialized market segments with targeted offerings. Jaggaer’s deep vertical expertise and specialized capability extends to the life sciences, higher education research, manufacturing and public sectors, but the provider also brings non-industry-specific capabilities that allow it to compete more broadly.

In the e-procurement market, Jaggaer differentiates itself in a number of functional areas. As the Spend Matters Q2 2018 E-Procurement SolutionMap illustrates, Jaggaer delivers above-the-benchmark functional capability across over 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.

Aquiire: What Makes it Great (E-Procurement SolutionMap Analysis)

We admit it. Despite the cleverness of the brand, Aquiire is a name that none of Spend Matters team members can spell right on the first try (nor on the second or third). But the e-procurement vendor stands out for more than having the only pun within its name and reminding us about how badly we are at spelling. It’s one of the only tech providers in the procurement sector that comes to mind which has successfully graduated from product/process enabler to a core solution in and of itself — one built off the plumbing of a unique, patented extended catalog management capability that addresses many of the real world limitations of managing spend beyond what’s contained within buyer or supplier hosted catalogs.

But this is only one of the things that makes Aquiire stand out from the procure-to-pay pack. Join us in this SolutionMap Insider analysis as we explore and unpack the nuances of what makes Aquiire great.

Nearly all technology providers participating in SolutionMap aren’t perfect (i.e., in analyst speak, “up and to the right”) for every business scenario. Even if a vendor has outstanding capability in certain areas — functionality, services or something else that helps it win business — to perform consistently above the functional and customer benchmark is a rarity. But there are reasons that specialist providers in different markets beat the big names in how they support specific organizational needs.

“What Makes it Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider Subscribers, exploring what makes these specialized (and in certain cases not-so-specialized) technology providers great for reasons that a simple graphic would fail to capture. Based on the rigorous SolutionMap evaluation process, customer reference reviews and expert eye from looking at products comparatively during demonstrations, the “What Makes it Great” series takes a fact-based approach to surfacing what makes individual vendors great.

In each research brief we translate each provider’s geek-level secret sauce into plain English and show precisely where the provider excels and where it convincingly “beats the benchmark” in SolutionMap. And we offer up a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider the vendor, along with basic facts to size ‘em up quickly.

OpusCapita: What Makes it Great (E-Procurement SolutionMap Analysis)

OpusCapita is somewhat of a novelty in North America — and is only selectively known at the level of SAP Ariba, Coupa or Basware in parts of Europe. That’s a shame, as OpusCapita could very well be the perfect technology fit for many procurement and finance organizations that do not even know about it. Spend Matters comparatively tore into OpusCapita’s e-procurement and procure-to-pay capability as part of our Q2 2018 SolutionMap benchmark and discovered what makes the provider great.

Nearly all technology providers participating in SolutionMap aren’t perfect (i.e., in analyst speak, “up and to the right”) for every business scenario. Even if a vendor has outstanding capability in certain areas — functionality, services or something else that helps it win business — to perform consistently above the functional and customer benchmark is a rarity. But there are reasons that specialist providers in different markets beat the big names in how they support specific organizational needs. 

“What Makes it Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider Subscribers, exploring what makes these specialized (and in certain cases not-so-specialized) technology providers great for reasons that a simple graphic would fail to capture. Based on the rigorous SolutionMap evaluation process, customer reference reviews and expert eye from looking at products comparatively during demonstrations, the “What Makes it Great” series takes a fact-based approach to surfacing what makes individual vendors great.

In each research brief we translate each provider’s geek-level secret sauce into plain English and show precisely where the provider excels and where it convincingly “beats the benchmark” in SolutionMap. And we offer up a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider the vendor, along with basic facts to size ‘em up quickly.

Q2 2018 E-Procurement: Provider Scoring Summary

This SolutionMap analyzes a select group of E-Procurement solution providers. It is part of our Q2 2018 SolutionMap report series, also featuring Spend Analytics, Sourcing, Supplier Management, Contract Management and Invoice-to-Pay providers. Our Q2 release also features SolutionMap for Procure-to-Pay and Strategic Procurement Technology suites.