Corridor Company: Vendor Analysis (Part 3) — Competitive and Summary Analysis

Depending on individual organizational requirements and buying expectations, Corridor Company may make up for in product and approach to contract lifecycle management (CLM) what it lacks in market awareness and a broader customer ecosystem sharing best practices in buy-side models, best practices and approaches. After taking a close look at the solution at the product, architecture and integration capability of Corridor, Spend Matters’ view is that Corridor Company deserves to come up more frequently as a shortlist candidate, given its functional capability of supporting a variety of buy-side CLM needs. However, CLM remains a highly crowded and fragmented market with dozens of different providers that may also be a strong fit for individual organizational needs.

This installment of this Spend Matters Vendor Snapshot series provides an objective SWOT analysis of Corridor Company and offers a competitive segmentation analysis and comparison. It also includes recommended shortlist candidates for CLM (in addition to Corridor) and offers provider selection guidance. Finally, it provides summary analysis and recommendations for companies that may Consider Corridor as a potential CLM solution. Previous installments provide an in-depth look at Corridor as a firm and its specific solutions (PART 1) and a detailed analysis of solution strengths and weaknesses and a review of the product’s user experience (PART 2).