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Procurence Vendor Introduction (Part 2: Strengths/Weaknesses, SWOT, Selection Checklist and Market Overview) [PRO]

In Part 1 of this two-part Spend Matters PRO series, we introduced you to Procurence — a relatively new entrant to the global direct material supplier management space, based out of Warsaw, Poland. It’s a recent entrant to our SolutionMap ranking of vendors, where its scores make it a customer leader in the SRM category. While still a small player, its solution already has a lot of the breadth of more established players like Jaggaer Direct (Pool4Tool), Ivalua (Directworks) and Allocation Network. Procurence’s utilization has been growing tenfold year-over-year by its buy-side user base of over 10,000 users and supply-side user base of over 30,000 users. Whether it has everything your organization needs, however, will come down to your mix of direct vs indirect, and how similar your needs are to its existing client base, which it has been developing its Meercat solution with for the past seven years.

While Part 1 of this brief provided some background on Procurence and a high-level overview of its offering, Part 2 will provide a breakdown of what is good (and not so good) about the solution, a high-level SWOT analysis and a short selection requirements checklist that outlines the typical company for which Procurence might be a good fit.

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