Spend Matters 50 to Watch – HICX Solutions

Following the launch of the Spend Matters 50 to Know and 50 to Watch, our US site and our colleagues there have started running through all the providers to give the reasoning behind their inclusion. These are brilliant short summaries of each company’s offerings, and will be of great value for many readers.

We are adding our comments about the firms; for some we may have little to add, but for others we can offer further value and insight. We will then give you the link to the US post for you to read in full if you wish.

My personal exposure to the firm has been limited, although I've spoken to a couple of the senior team once or twice and they seemed good people to deal with. It has a very limited London presence, I believe, but not an awful lot of activity this side of the Atlantic. It will be interesting to see if that changes as it grows in the US, and of course some of its clients there have extensive global operations, which may give HICX a foothold in other geographies.

Here’s an excerpt from our US site’s observations.

“What makes HICX so interesting is the depth of their approach in certain areas. For example, see HICX Solutions: Supplier Management Meets Master Data (Part 1 and Part 2). As we noted in our own analysis, even with just the basics, the tool “is just well thought out” and covers “all the mundane tasks in capturing various data points needed for successful onboarding …”

“Compared with other supplier management vendors, HICX differentiates itself in its abilities to consider the various nodes between suppliers, such as lanes or ports … it has quietly gotten some of the largest global companies onto its supplier management solution stack.”

Read the whole US piece here

 

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