SolutionMap: 58 Procurement Software Companies Ranked (Q1 2019 Update)

Q1 2019 Spend Matters SolutionMap procurement software company rankings

Spend Matters has released its Q1 2019 SolutionMap, ranking 58 procurement software companies across 12 solution categories.

Based on equal parts analyst scoring of features and customer survey data, SolutionMap evaluates vendors in four areas:

  • Procure-to-Pay (P2P), which maps e-procurement, e-invoicing and payments (invoice-to-pay), and P2P suite solutions.
  • Strategic Procurement Technologies, which maps sourcing (e-sourcing), spend analysis, supplier management and contract lifecycle management (CLM) solutions.
  • Source-to-Pay (S2P), which maps end-to-end suite solutions that offer P2P and SPT capabilities.
  • Contingent Workforce & Services Enterprise Technology, which maps Contract Services/Statement of Work (SOW), Independent Contract Workers (ICW) and Temp Staffing solutions.

Begin exploring procurement software vendor rankings now, in the quadrant-graphic format below, for free: Visit the SolutionMap homepage.

What’s New in Q1 2019

Although no new providers were added in Q1, there were two newsworthy developments involving participating solution providers.

Corcentric, a provider focused at the intersection of accounts payable automation, order-to-cash, trade financing, procurement consulting and group purchasing organization (GPO) software and services, announced its acquisition of Determine in February 2019.

(This acquisition, not yet finalized as of publication time, was not considered in — and therefore had no bearing on — the Q1 2019 SolutionMap scoring or rankings. Read Spend Matters analysis of the deal right here.)

Secondly, Jaggaer announced the release of Jaggaer ONE, also in February 2019, which unifies three of its product lines — Jaggaer Indirect, Jaggaer Direct and Jaggaer Advantage — without moving them onto a single code base, allowing customers and prospects to select the best modules from each offering to fit an organization’s unique needs.

(This development also was not considered — and therefore had no bearing on — the Q1 2019 SolutionMap scoring or rankings. Read Spend Matters initial analysis of this release right here.)

Detailed scoring analysis on this quarter’s SolutionMap is available in our Release Notes briefs (paywall):

Browse all available SolutionMap content and articles here.

And for full access to the list of all participating procurement software companies, their complete detailed scoring summaries and all deep-dive content at the link above, learn how to become a SolutionMap Insider.

What Is Spend Matters SolutionMap, and How Do I Use It?

Each SolutionMap:

  • Ranks the top software companies used by procurement and supply chain organizations
  • Consists of equal parts analyst scoring and customer input
  • Reflects specific organizational needs through buying personas for each map
  • Updates quarterly to show market developments in each category

SolutionMap provides procurement and supply chain organizations with a comprehensive means to compare software companies across categories, assess vendor capabilities based on organizational needs and identify best-fit shortlists for solution selection.

Begin your journey here:

SolutionMap Procurement Software Rankings

When you arrive at the SolutionMap home page, you will be able to:

  1. Choose a software category
  2. Select your persona
  3. View SolutionMap vendor rankings

You’ll also be able to learn about each procurement software 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 vendors performed.

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 software market can be expertly painted with the brushstroke of a car metaphor.

You chuckle, but boy are they applicable.

As our colleague Sam Rea has noted, “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 said. “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 Procurement Software 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 ratings of all participating procurement software companies.

In addition to these reports, the subscription also features:

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

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