50 Providers to Know and 50 Providers to Watch – Named for 2019

Our global analysts at Spend Matters today announced the sixth annual Spend Matters “50 Providers to Know” and “50 Providers to Watch” for 2019, unveiled at ISM2019. The full lists are available in the Spend Matters Almanac – our leading vendor intelligence directory.

50 Providers to Know and 50 Providers to Watch make up the 100 best-in-class vendors in the industry which we believe you need to either, know about, or, need to keep an eye on. Each member on the list is independently selected by the Spend Matters analyst team, who spend a major part of their time analysing solution providers and their products or services; our UK/Europe GM Jenny Draper also influences the selection with her input on the European providers that we know well. Following many months of intensive research, analysis and debate, they arrive at the two sets of lists:

50 Providers to Know’ highlights leading technology and services providers that continue to "raise the bar for procurement technologies and services". These are the firms that set the industry standard – firms that every CPO should know about and understand to some extent.

“This year sees more changes to the lists; the 2019 Providers to Know include seven vendors who have graduated from the 50 to Watch list — and six more who were not featured in 2018 at all. Mergers and acquisitions played a significant role in the population of the latest list, consolidating major players under the banners of companies like CoupaCorcentric and Sovos. This freed up spots for growing source-to-pay suite vendors and allowed consultants like Everest Group and Shelby Group to join the honorees,” write our analysts.

50 Providers to Watch’ are the relative newcomers that are pushing procurement forward – those offering the latest and most innovative solutions in the industry.

“The Watch list typically sees more turnover than its counterpart, but this edition raised the bar as fully half of the Providers to Watch are new to the list from last year. Traditional procurement functionalities such as sourcing and spend management remain center stage with firms like Allocation and Simfoni, while solutions in the financial space are becoming harder to ignore. The presence of companies like NPI, Mastercard and American Express demonstrates that trend.”

The assessments rely heavily on Spend Matters’ SolutionMap, our benchmarking tool that uses 350-plus RFI questions to rank solution providers for each of 12 market sectors including e-Procurement, Source-to-Pay, Spend & Procurement Analytics, and three contingent workforce areas.

Highlights of the lists this year include: an increase in representation for the consulting side of the industry and an increase in contingent workforce & services firms, especially on the Watch list.

Spend Matters Almanac

Visit the Spend Matters Almanac to access detailed provider listings for these and other providers. The Almanac covers more than 25 categories and features more than 450 solution providers — including Spend Matters analysts’ unbiased reviews — and serves as a resource for anyone interested in our objective view of the procurement service provider landscape.

If you are wondering why some provider names have hyperlinks in our content, and others don't, it is because they are automatically linked to their entry in our Almaac. If you are a procurement vendor and not listed in the Almanac, you can create your own listing to ensure consideration for next year’s 50 Providers to Know and Watch lists — and your company can benefit from the attention of procurement pros year-round as they peruse the Almanac in search of new partners.

Webinar

For more information on the developments in the procurement technology market and to learn more about the lists and how they are compiled, join Spend Matters’ research chief Pierre Mitchell and the analyst team in a Q&A webinar on Tuesday, April 16 at 12pm CT / 6pm BST / +1 CET.

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