Xeeva: Vendor Analysis (Part 1) — Company Background, Solution Strengths/Weaknesses

The source-to-pay space is starting to get crowded. While it was only a dream a scant decade ago, with a couple of providers offering minimal S2C or P2P suites, in the last five years we've gone from just a few players to more than 10 that now compete with more or less complete S2P suites. One of these vendors is Xeeva.

Xeeva, although founded in 2014, is just now hitting the procurement scene because it launched with a very ambitious plan — AI-powered procurement that can, in certain categories, identify the best procurement opportunities and automatically execute on them. Basically, like LevaData, Xeeva wants to be one of the first players in the “cognitive procurement” domain and help you do your job, by doing more of the practical procurement process for you. But it takes time and patience to master your game if you are a sly wolf.

However, the areas in which the solution can do your work for you is limited to a select set of indirect categories where they have enough data to recommend a good decision. To determine if a buy is good, you need to know what the organization has been spending, what the current market — and negotiated — prices are now, what the organizational demand is projected to be, and if current prices coincide with what is expected based upon community intelligence.

To support this vision, Xeeva has built a nearly full S2P suite with sourcing, supplier information management (SIM), procurement, and, of course, deep AI-powered analytics technology.

In this Spend Matters PRO Vendor Analysis, we will debut a new order of information for the entire three-part series to better help readers who are doing tech selection. The strengths and weaknesses will now be in Part 1 instead of Part 2. The second installment will provide a company SWOT and a market analysis of competitors, which was typically in the last part. Now, Part 3 will be the detailed solution overview, giving readers interested in the vendor very specific details and capabilities.

Today’s focus on Xeeva will still provide company details and a brief solution overview — but it will mainly examine strengths and weaknesses. In Part 2, we will provide a SWOT assessment and an overview of the competitive landscape in which Xeeva plays. In our third and final installment, we will provide a more in-depth overview of Xeeva’s platform capabilities.