Bonfire: Vendor Analysis (Part 2) — Product Strengths and Weaknesses

The market for best-of-breed sourcing solutions continues to take off. Bonfire, which was founded two years before Scout RFP, is the newest provider in the sector to build significant momentum in North America, leveraging a similar playbook as its better-known competitor, emphasizing ease-of-use, adoption and the user experience. With more than 230 customers in the U.S., Canada and the Caribbean, including market penetration in the public sector that rivals larger providers, Bonfire is becoming a more frequent shortlist candidate in an increasing number of sourcing buying scenarios in which suite capability is not a prerequisite.

This Spend Matters PRO Vendor Snapshot explores Bonfire’s product strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide whether they should shortlist the vendor. It also offers a critique of the user interface. Part 1 of our analysis provided a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Bonfire in the sourcing technology area. The final installment in this series will offer a SWOT analysis, user selection guide, competitive alternatives, and additional evaluation and selection considerations.