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Zycus Sourcing: What Makes It Great (Analysis)

Zycus got its start in spend analytics. But over the past decade, it has quietly become one of the largest independent source-to-pay providers. Within its broader suite, Zycus sourcing is a stand-out capability, where it beats the SolutionMap benchmark average score for the majority of capabilities.

Zycus has taken a modular approach to how it sells and positions its sourcing capabilities on top of its underlying architecture. And it’s gaining traction in the procurement technology suite market not only due to its functional breadth and depth — but also because it offers some of the most attractive pricing in the market today (despite that it delivers materially greater functionality than the majority of its peers).

As of Q3 2018, Spend Matters SolutionMap contains functional and customer satisfaction benchmarks on more than 50 providers within procurement technology and related markets. At present, Spend Matters maintains a solution benchmark on 17 sourcing providers, spanning some 125+ requirements. The Sourcing SolutionMap has some of the toughest requirements in any SolutionMap area — putting this highly competitive technology “supply” market to the test.

But how does Zycus sourcing comparatively stack up in the functional and capability weeds? It turns out Zycus performs strongly and is a recommend fit for all core sourcing SolutionMap personas. To understand where Zycus stands out — and why this matters for sourcing and category teams — let’s dive into the fields that comprise the sourcing benchmark and explore exactly what makes Zycus 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.

What Makes It Great: The Scout RFP Customer Experience (Sourcing SolutionMap Analysis)

What if a procurement technology provider could build an entire market around usability and adoption rather than absolute feature/function capability alone, creating true evangelists within its customer base? Such an act has been done within e-procurement and procure-to-pay. Just ask Coupa. And it redefined an entire market, at least initially. Such was Coupa’s first act, before it focused on investing in functional leadership to complement best-in-class usability.

Scout RFP is following a similar path in the sourcing market. Its customer references and candid feedback from Spend Matters’ Q3 2018 Sourcing SolutionMap suggest it is not a typical provider but rather one that is redefining an entire market by focusing on customer adoption and the user experience. Like Coupa, it is creating a movement among procurement organizations. But where and how does Scout stand out in this competitive technology market with customers? Let’s dive into Spend Matters’ SolutionMap to find out what customers had to say.

“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 describes where it excels and concludes with a checklist for ideal customer scenarios in which procurement organizations should consider it.

Scanmarket: What Makes It Great (Sourcing SolutionMap Analysis)

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

The e-sourcing software market refuses to succumb to consolidation, providing significant choice to procurement organizations of all stripes, sizes, industries and operating geographies. Among these vendors, one of the most experienced in building technology to support both basic and complex RFX, negotiation and auctioning processes is Scanmarket. The closely held company today counts more than 300 global customers and delivers a broad set of capabilities, including integrated spend analytics, supplier management and contract management.

For customers, Scanmarket is a reasonably priced, best kept procurement secret that does not compromise on the e-sourcing fundamentals. But how does the provider stack up in this highly competitive technology market? On the surface, Scanmarket is one of the top performers in the Q3 2018 Sourcing SolutionMap for the Nimble buying persona, as well as a recommended fit across all five Sourcing SolutionMap buying personas. To understand where Scanmarket stands out — and why this matters for sourcing and category teams — let’s dive into the more than 100 fields that comprise the Sourcing benchmark and explore what makes Scanmarket 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.

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.

SolutionMap: 54 Procurement Software Companies, Ranked (Q3 2018 Update)

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Spend Matters today released its Q3 2018 SolutionMap, ranking 54 procurement software companies across 12 different solution categories, including E-Procurement, Sourcing, Spend Analytics, Supplier Relationship Management and Contract Lifecycle Management — in addition to the first-ever release of the Contingent Workforce & Services SolutionMap. Click on this article to see how to access rankings for free!

Q3 2018 Sourcing: Provider Scoring Summary

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This SolutionMap analyzes a select group of sourcing providers. It is part of our Q3 2018 SolutionMap report series, also featuring spend analytics, contract management, supplier relationship management and risk (SRM), e-procurement and invoice-to-pay providers. SolutionMap also features procure-to-pay and strategic procurement technology suites.

Q3 2018 SolutionMap Release Notes: Sourcing, Spend Analytics, SRM, CLM and Strategic Procurement Technology Suites

This Spend Matters SolutionMap Insider release note provides insight into the Q3 2018 SolutionMap release for Sourcing, Spend and Procurement Analytics, Supplier Relationship Management & Risk, Contract Lifecycle Management, and Strategic Procurement Technologies Suite SolutionMaps, reviewing the process we follow and highlighting what has changed since the last release.

Within the individual areas covered in this brief, the following providers have been added to the Q3 2018 release: Allocation in Sourcing and Supplier Management, APEX Analytix in SXM (Supplier Management), Coupa is participating in Spend Analytics for the first time, and SirionLabs has been added to CLM (Contract Lifecycle Management).

Additionally, providers such as Jaggaer (including Jaggaer Advantage, Jaggaer Direct, and Jaggaer Indirect), SAP Ariba, Simfoni, and SpendHQ have received updated scoring following the submission and demonstration of new capabilities based on production releases of individual modules. (Non-GA capabilities are not considered in SolutionMap scoring.) Perhaps most important, over 76 new or refreshed customer references were added in the Strategic Procurement Technology areas for Q3.

This SolutionMap Insider release note explores these and additional changes in the Q3 2018 SolutionMap release.

Keelvar: What Makes It Great (Sourcing SolutionMap Analysis)

The e-sourcing software market is crowded and fragmented. In the Q2 2018 SolutionMap alone, Spend Matters featured 16 of the top strategic sourcing solutions. Yet within this supply base for e-sourcing tools, one of the areas few software providers have emphasized is sourcing optimization — a critical capability for unlocking new levels of value from procurement.

Businesses interested in engaging e-sourcing providers with optimization capability have historically faced steep pricing and a high usability bar as the cost of entry. But times are changing. New sourcing optimization solutions are coming into the market that balance capability, usability and price in a package that can augment or even replace other e-sourcing tools.

Keelvar, a relatively new entrant in the e-sourcing sector, is one such company. Within the Q2 2018 Sourcing SolutionMap, Keelvar stands out from the crowd on numerous fronts. It is both a high scorer across a range of technological capabilities and a customer favorite for multiple buying personas. Keelvar’s SolutionMap performance provides compelling evidence that the company is a must-shortlist candidate for every customer considering an e-sourcing solution — especially those considering sourcing optimization software.

“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.

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

The sourcing technology market would seem to be won more on two of the three “M”s  (marketing and momentum) than the third (merit), which we usually lump together in the same list of characteristics that separate fast growing tech companies from the rest. This is a shame, because sometimes the best vendors for the task don’t get invited to bid.

EC Sourcing is one such example. The vendor functionally outperforms many other sourcing providers in the Q2 2018 Sourcing SolutionMap benchmark, yet it is seen in fewer deals than direct peers, creating an information asymmetry in the market that is limiting customer choice — a triumph of marketing and momentum without balancing merit.

EC Sourcing’s Q2 2018 SolutionMap performance provides compelling evidence, based on both analyst ratings and customer reference scoring, that the provider is a must-shortlist candidate for most standalone sourcing scenarios, especially those situations in which a Nimble provider is desired. Join us in exploring what make EC Sourcing 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.

Q2 2018 Sourcing: Provider Scoring Summary

This SolutionMap analyzes a select group of sourcing providers. It is part of our Q2 2018 SolutionMap report series, also featuring spend analytics, contract management, supplier relationship management and risk (SRM), e-procurement and invoice-to-pay providers. SolutionMap also features procure-to-pay and strategic procurement technology suites.

Q2 2018 SolutionMap Release Notes: Sourcing, Spend Analytics, SRM, CLM and Strategic Procurement Technology Suites

This Spend Matters SolutionMap Insider release note provides insight into the Q2 2018 SolutionMap release for Sourcing, Spend and Procurement Analytics, Supplier Relationship Management & Risk, Contract Lifecycle Management, and Strategic Procurement Technologies Suite SolutionMaps, reviewing the process we follow and highlighting what has changed since the last release.

Within the individual areas covered in this brief, the following provider has been added to the Q2 2018 release: Bonfire. Additionally, providers such as EC Sourcing, Ivalua, and SynerTrade have received updated scoring following the submission and demonstration of new capabilities based on production releases of individual modules. (Non-GA capabilities are not considered in SolutionMap scoring.) Perhaps most important, over 100 new customer references were added in the Strategic Procurement Technology areas for Q2.

This SolutionMap Insider release note explores these and additional changes in the Q2 2018 SolutionMap release.

Sourcing Technology Evaluation and Head-to-Head Comparison: Coupa vs. Jaggaer Advantage (Q2 2018 Preview)

With the acquisition of Trade Extensions, Coupa catapulted into the ranks of the sourcing elite almost overnight. Similarly, in acquiring BravoSolution, Jaggaer gained the prize for provider that balances depth and breadth across its sourcing capabilities most effectively. But how do the two providers stack up to each other in a head-to-head bout?

Join us in this unfiltered head-to-head SolutionMap results analysis from our Q2 2018 dataset, a preview of our not-yet-published SolutionMap, along with commentary from Spend Matters Founder Jason Busch. These recurring Head-to-Head columns share insights from each quarterly SolutionMap report for SolutionMap Insider Subscribers, providing unique comparative cuts of SolutionMap benchmark data, along with the trademark quips that have defined Spend Matters analysis since its inception.

If you need to know how these two top-ranked sourcing providers compare to each other, look no further. Here’s a preview, for those who have not yet subscribed to this new Spend Matters service: In certain sourcing capability requirements — including opportunity analysis, project management, supplier portal, spend analysis (lite), RFX, auctions, optimization, contract management (lite), post-event execution, technology, configurability, services and the summary sourcing average — Jaggaer Advantage puts a chokehold on its foe deep into the battle. But in at least one area, Coupa sneaks in a stealthy nunchuck blow in the first round. And at the final bell after multiple battles, we can declare a winner here — but only by the slimmest of margins.

The Q2 2018 Sourcing SolutionMap benchmark is now based on an underlying dataset featuring 16 separate providers, including nearly all of the must-shortlist sourcing technology providers procurement organizations can expect to consider in a typical selection process (as well as those they should consider but might overlook). Whether you’re in the market for a new sourcing product, want to augment current solutions with specialized capabilities or just want to know if you made the right decision for your organization, our SolutionMap analysis and benchmark data can tell you the answer. Curious to learn more? Don’t hesitate to get in touch.