Claritum: Solution Review & Analysis [Plus+]

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Procure-to-pay (P2P) technology providers do not always fit cleanly inside a single box or comparative two-by-two matrix. That’s why procurement organizations are able to extend generic P2P solutions like Ariba and Coupa to many industries and categories. But specialist vendors can still differentiate in certain areas, even building a business case to sit alongside big name P2P solutions for the same customer.

Claritum is one such specialist. The firm launched in 2002 with an initial focus on supporting transactional procurement needs for print and marketing services. Over time, it built from this foundation to focus its P2P solution efforts on supporting complex purchases and low-volume spend areas that fall directly in the center of a Kraljic matrix rather than fitting nicely into one of the four quadrants — not to mention enabling spend that traditionally goes “unmanaged,” at least from an end-to-end definitional perspective.

This Spend Matters Plus analysis provides an introduction to the Claritum solution for procurement organizations looking to understand whether they should consider adding the provider to their shortlists for consideration and competitive alternatives.

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