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Q3 2019 Invoice-to-Pay (I2P): Provider Scoring Summary

This SolutionMap scoring summary analyzes a select group of invoice-to-pay solution providers. It is part of our Q3 2019 SolutionMap report series, also featuring spend analytics, sourcing, supplier management, contract management and e-procurement providers. Our Q2 release also features a SolutionMap for procure-to-pay and strategic procurement technology suites.

SolutionMap: 56 Procurement Software Companies Ranked (Q3 2019 Update)

Spend Matters today released its Q3 2019 SolutionMap, ranking 56 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 which new providers joined the rankings, and to see how to access rankings for free!

Q3 2019 SolutionMap Release Notes: E-Procurement, Invoice-to-Pay and Procure-to-Pay

This Spend Matters SolutionMap Insider Release Note provides insight into the Q3 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 E-Procurement, I2P and P2P customer reference set added 19 new individual customer references in Q3. There were no new providers added for Q3, although Zycus has successfully been scored against the new Q2 2019 RFI requirements for the first time.

As Jaggaer has unified three of its product lines — Jaggaer Indirect, Jaggaer Direct and Jaggaer Advantage — into Jaggaer One, which allows customers and prospects to select the best modules from each offering to fit an organization’s unique needs, Spend Matters has broken out the naming convention for the Jaggaer offerings more specifically for Q3 2019 SolutionMap in the persona ranking graphics. This means that in the E-Procurement category this quarter, the solution/product formerly known as Jaggaer Indirect is now listed as: Jaggaer eProcurement.

Please note: as none of the Jaggaer product lines have yet been evaluated against Q2 2019 RFI requirements by the Spend Matters analyst team, they are not able to appear in this quarter’s editions of the Provider Scoring Summaries. Please refer to the Q1 editions for their latest scoring.

Most of the providers participating in the Q3 2019 SolutionMap release for E-Procurement, I2P and P2P will fully update their RFIs in next quarter’s cycle (Q4 2019) and receive updated scoring following the submission and demonstration of new and updated capabilities based on production releases of their platform. (Non-GA capabilities are not considered in SolutionMap scoring.)

This SolutionMap Insider research note provides insight into these and additional changes in the Q3 2019 SolutionMap release.

(SolutionMap Insider members: access the Q3 Provider Scoring Summary reports right here.)

Q2 2019 SolutionMap: E-Procurement, Invoice-to-Pay, Procure-to-Pay Provider Scoring Summary reports now available

As part of the Q2 2019 SolutionMap release, the E-Procurement, Invoice-to-Pay and Procure-to-Pay Provider Scoring Summary reports are available today on SolutionMap Insider.

Q2 2019 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 Q2 2019 SolutionMap report series, also featuring spend analytics, sourcing, supplier management, contract management and e-procurement providers. Our Q2 release also features a SolutionMap for procure-to-pay and strategic procurement technology suites.

Q2 2019 SolutionMap Release Notes: E-Procurement, Invoice-to-Pay and Procure-to-Pay

This Spend Matters SolutionMap Insider Release Note provides insight into the Q2 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 Q2 2019 SolutionMap features the release of a new and improved RFI to providers, including new scoring scales resulting in important changes. The E-Procurement, I2P and P2P customer reference set added 73 new individual customer references in Q2. Just one new provider was added for Q2 — Procurify for E-Procurement.

Most of the providers participating in the Q2 2019 SolutionMap release for E-Procurement, I2P and P2P have updated their RFIs and received updated scoring following the submission and demonstration of new and updated capabilities based on production releases of their platform, including Basware, Coupa and Ivalua. (Non-GA capabilities are not considered in SolutionMap scoring.) A handful of other providers did not update their scoring in Q2 2019.

This SolutionMap Insider research note provides insight into these and additional changes in the Q2 2019 SolutionMap release.

BirchStreet: What Makes It Great (Invoice-to-Pay SolutionMap Analysis)

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Invoice-to-pay requirements in the hospitality industry are unique. Not only do organizations require full visibility at the invoice line level and the ability to manage traditional matching and approval flows, solutions also must support decentralized environments (e.g., franchise models) while still enabling control and visibility — including support for category-specific (e.g., ingredient/food) requirements.

Moreover, global hospitality organizations need solutions that can meet global invoicing requirements, especially country-specific compliance.

BirchStreet, a procure-to-pay solution provider specializing in the hospitality industry and adjacent sectors, stands out in its ability to meet a range of invoice-to-pay capability requirements, both purpose-built for the markets it targets and standardized capabilities. This shows in Spend Matters’ Q1 2019 SolutionMap Invoice-to-Pay benchmark, where BirchStreet is an e-invoicing and payment leader based on demonstrated capabilities and real-world customer experiences.

SolutionMap contains functional and customer satisfaction benchmarks on more than 50 providers within the procurement technology landscape. But where does BirchStreet deliver best-in-class capabilities and top customer reference scores that help “set the bar” in invoice-to-pay, 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.

Q1 2019 Invoice-to-Pay (I2P): Provider Scoring Summary

This SolutionMap scoring summary analyzes a select group of invoice-to-pay solution providers. It is part of our Q1 2019 SolutionMap report series, also featuring spend analytics, sourcing, supplier management, contract management and e-procurement providers. Our Q1 release also features a 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.

Q4 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.

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.

Basware vs. Tradeshift: Accounts Payable, Invoicing and Supplier Network Head-to-Head Comparison

On the surface, Basware and Tradeshift appear to deliver similar invoice-to-pay technology capabilities as two of the top-ranked SolutionMap analyst picks for this area. (Note: We include e-invoicing, accounts payable automation, supplier network and related capabilities as components of invoice-to-pay.) After all, both beat the average functional benchmark score in the Spend Matters Q4 2018 Invoice-to-Pay SolutionMap, which publishes Dec. 4, by a material percentage.

But when you unpack how Basware and Tradeshift compare in the two “best” and core areas in which they compete, comparative strengths and weaknesses begin to emerge. Such nuances could prove all the more important when analyzing how customers and potential customers should think about each provider given the potential for them to join forces as a single, merged entity.

Join us in this unfiltered SolutionMap results analysis from our Q4 2018 dataset, along with the commentary of the Spend Matters analyst team. These “Head-to-Head” columns share the insights of each quarterly SolutionMap report for SolutionMap Insider Subscribers, providing unique comparative cuts of SolutionMap benchmark data along with the trademark quips that Spend Matters was better known for in its early years. So buckle your seat belt, prepare for some real data and expect a few sparks to fly as we pit Basware and Tradeshift against each other in the invoice-to-pay evaluation ring.

Not yet an Insider member? Here’s a preview: In certain invoice-to-pay categories — which include supplier network, configurability, technology (overall), general services, invoicing, payment/financing and overall invoice-to-pay scoring — Basware gets the nod. But in many others, Tradeshift takes the prize. Overall, the results suggest that the right solution will vary based on different organizational requirements. There’s no debate that invoice-to-pay selection processes will reward procurement organizations that tailor provider selection to their specific needs.