In most cases, spend analysis solutions do not age like fine wine. The speed with which technology innovation is happening can make a product that was state of the art five years ago taste like the equivalent of plonk today — or worse. But Opera Solutions’ Signaltyics, which still leverages much of the code in the original BIQ spend analysis product that it acquired in 2012, is proof that with the right continued investment, even previous-generation core technologies can outdo modern platforms in certain areas. The recent enhancements to the product that we have seen surprised us in positive ways.
This Spend Matters PRO Vendor Snapshot explores Signalytics’ strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide whether they should consider the provider. Part 1 of our analysis provided a company and detailed solution overview and a recommend fit list of criteria for firms considering Opera Solutions’ Signalytics. The third part of this series will offer a SWOT analysis, user selection guide, competitive alternatives, and additional evaluation and selection considerations. The focus of this review is not on Opera Solutions’ overall Signal Hub enterprise analytics platform but rather its specific solution targeting indirect procurement.