Q2 SolutionMap: 40 Procurement Software Companies, Ranked

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Spend Matters today released its Q2 2018 SolutionMap, ranking 40 procurement technology providers across nine different solution categories.

The Spend Matters analyst team scored providers in three areas, including Purchase-to-Pay, Strategic Procurement Technologies (Sourcing, Analytics, Supplier Relationship Management and Contract Lifecycle Management, plus suites offering them all) and an end-to-end view of Source-to-Pay (S2P) suites and their capabilities.

Begin exploring provider rankings now for freevisit the SolutionMap homepage.

What’s New This Quarter

  • A new provider, Bonfire, has been added to the Q2 SolutionMap for Sourcing.
  • Others expanded their participation into new solution areas, such as Jaggaer Indirect (E-Procurement) and SynerTrade (E-Procurement, Invoice-to-Pay and Procure-to-Pay). For full access to the list of all participating providers, their scoring summaries and more, learn how to become a SolutionMap Insider.
  • Last quarter (Q1 2018) marked the first release for a Source-to-Pay SolutionMap “view,” which included updated analyst scoring and new customer reference data for some of the providers participating in that inaugural suite view. This is the second quarter to feature the S2P SolutionMap, including SynerTrade for the first time.

Much deeper detail and analysis on this quarter’s SolutionMap in the following analyst briefs (paywall):

Wait, what else is behind the SolutionMap paywall?

What Is Spend Matters SolutionMap, and How Do I Use It? Here’s a Primer

Each SolutionMap:

  • Ranks a technology within the procurement and supply chain spectrum
  • Consists of equal parts customer and analyst input
  • Reflects specific organizational needs through ‘buying personas’
  • Is updated quarterly to show market developments

The goal is to equip the user with a comprehensive roadmap to track market developments, assess provider capabilities based on organizational needs, and identify best-fit provider shortlists.

Begin your journey here:

When you arrive at the SolutionMap home page (pictured above), you will be able to:

  1. Choose a technology category
  2. Select your Persona
  3. View SolutionMap provider rankings

You’ll also be able to learn about each solution category and persona definition in detail, as well as read up on the Spend Matters analyst team’s methodology, before seeing how this quarter’s participating providers performed across nine different technology solution categories.

Get started here!

Want to Get the Most Mileage Out of SolutionMap?

We’re no strangers to automotive metaphors here — indeed, the founder of Spend Matters has a penchant for cars, and we’ve found that nearly all things in the procurement technology universe can be expertly painted with the brushstroke of a car metaphor.

You chuckle, but boy are they applicable.

As our colleague Sam Rea noted last week, “For practitioners making a tech selection, or those simply looking to understand the market, the long list of providers can seem daunting and complex.

“SolutionMap strives to help procurement keep with the pace of the industry, as well as evaluate the latest and greatest technologies and services,” he continued. “With the continued influx of data, we believe our understanding of the space will only deepen — and so shall yours.”

For both sides to achieve the deepest understanding of these technology markets, we have to get under the hood (see?) with SolutionMap Insider.

Round Out Your Intelligence Roadmap: SolutionMap Insider

On a self-service basis, anyone can sign up for our new SolutionMap Insider subscription. This includes members-only access to Provider Scoring Summary reports and to the ratings of all participating providers.

In addition to these reports, the subscription also features:

  • Provider Scoring Summary reports (thumbnail image example above) for SolutionMap providers, which in addition to Summary Solution Scoring include:
    • Ranking overviews by buying persona
    • Buying recommendations and considerations
  • Quarterly updates to SolutionMap Summary Solution Scoring
  • SolutionMap results interpretation (Release Notes) and persona deep-dive articles
  • Exclusive historical views of SolutionMap rankings and support materials (beyond current quarter)

Learn more here, including how to contact us for more info such as pricing. (Discounts are available for multiple subscription areas.)

For more examples of how SolutionMap Insider intelligence will help you and your organization go from zero to sixty in under...well, you get the point...check out this piece.

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