Grab a comfy sweater and a hot pumpkin spice latte (don’t judge): It’s time for the latest SolutionMap release.
With today’s launch of the free SolutionMap Fall 2020 release, Spend Matters’ analysts have assessed 77 procurement technology vendors, adding 12 providers since our Spring 2020 update.
SolutionMap, which began in 2017, has become the definitive procurement technology benchmark due to the depth of analyst assessments, quantity of real-life customer inputs and frequency of release (twice a year) to accurately reflect vendor capabilities and market developments.
If you’re new to SolutionMap, here are the basics:
- Methodology | Data Sources | Code of Ethics
- How we choose who participates / how to participate
- How SolutionMap compares to Gartner, Forrester, IDC in rating procurement technology
Here’s what you need to know about the Fall 2020 release:
- We changed what bubble sizes mean.
- 60% of vendors provided fresh RFI data. See this chart below:
| SolutionMap category | New to SolutionMap or Category | Refreshed RFI Data |
| Sourcing | ProcurePort
VORTAL |
Bonfire
Coupa Determine (Corcentric) EC Sourcing GEP Jaggaer ONE (Standard) Jaggaer ONE (Direct) K2 Sourcing Market Dojo Promena SAP Ariba Vendorful |
| Supplier Relationship Management and Risk (SRM) | GraphiteConnect
Kodiak Rating Promena (new category) VORTAL
|
APEX Analytix
Coupa Determine (Corcentric) GEP HICX Jaggaer ONE (Standard) Jaggaer ONE (Direct) Procurence SAP Ariba State of Flux Vendorful |
| Spend and Procurement Analytics | Ignite Procurement | Coupa
Determine (Corcentric) GEP Jaggaer ONE (Standard) McKinsey (Orpheus) Rosslyn Data Technologies SAP Ariba Spendata Simfoni |
| Contract Lifecycle Management (CLM) | Symfact
VORTAL |
Agiloft
Coupa Determine (Corcentric) GEP Icertis Jaggaer ONE(Standard) SAP Ariba SirionLabs |
| E-Procurement | Uppler
VORTAL |
BuyerQuest
Coupa Determine (Corcentric) GEP Jaggaer ONE (Standard) OpusCapita Oracle SAP Ariba Tradeshift Vroozi |
| Invoice-to-Pay (I2P) | AvidXchange
Corcentric Payables (COR360) Infor Medius (Wax Digital)
|
Coupa
Determine (Corcentric) GEP Jaggaer ONE (Standard) OpusCapita Oracle SAP Ariba Tradeshift Vroozi |
| Accounts Payable (AP) Automation | AvidXchange
Corcentric Payables (COR360) Determine (Corcentric) (new category) GEP (new category) Infor Medius (Wax Digital) OpusCapita (new category) SourceDay |
Softco
Tipalti Tradeshift |
| Contract Services/Statement of Work (SOW) | VectorVMS (new category) | Coupa |
| Direct Sourcing of Workforce/Services (DSW/S) | Shiftgig
Workmarket |
|
| Temp Staffing | Elevated Resources
Coupa VectorVMS |
|
| Procure-to-Pay (P2P) | Medius (Wax Digital) | Coupa
Determine (Corcentric) GEP Jaggaer ONE (Standard) OpusCapita Oracle SAP Ariba Tradeshift Vroozi |
| Strategic Procurement Technology (SPT includes Sourcing, Analytics, CLM, SRM) | Coupa
Determine (Corcentric) GEP Jaggaer ONE (Standard) SAP Ariba |
|
| Source-to-Pay (S2P) | Coupa
Determine (Corcentric) GEP Jaggaer ONE (Standard) SAP Ariba |
Vendors with new or refreshed Customer references:
| Agiloft |
| AvidXchange - new |
| BirchStreet |
| BuyerQuest |
| Corcentric Payables (COR360) - new |
| Coupa |
| Determine (Corcentric) |
| EC Sourcing |
| GEP |
| GraphiteConnect - new |
| Icertis |
| Ignite Procurement - new |
| Infor - new |
| Ivalua |
| Jaggaer ONE (Direct) |
| Jaggaer ONE (Standard) |
| Kodiak Rating - new |
| Market Dojo |
| McKinsey (Orpheus) |
| OpusCapita |
| Oracle |
| ProcurePort - new |
| Rosslyn Data Technologies |
| SAP Ariba |
| Scanmarket |
| Softco |
| SourceDay - new |
| State of Flux |
| Symfact -new |
| Taulia |
| Tipalti |
| Uppler - new |
| VectorVMS |
| VORTAL - new |
| Zycus |
How to use SolutionMap Fall 2020 (for free):
- Click here
- Choose your category from the drop-down
- Follow the steps below
The good stuff (that you have to pay for so we can keep the lights on)
- Maps aren’t enough, I want to see granular comparisons
Vendor-by-vendor comparisons are part of a SolutionMap Insider subscription. If you're not a subscriber, click the image below. If you’re a subscriber, log in to your account, read the Provider Scoring Summary (live links by category provided) and compare vendors’ scores to your heart’s content:
- Fall 2020 Provider Scoring Summary: Accounts Payable (AP) Automation
- Fall 2020 Provider Scoring Summary: Contract Lifecycle Management (CLM)
- Fall 2020 Provider Scoring Summary: Contract Services/Statement of Work (SOW)
- Fall 2020 Provider Scoring Summary: Direct Sourcing of Workforce/Services (DSW/S)
- Fall 2020 Provider Scoring Summary: E-Procurement
- Fall 2020 Provider Scoring Summary: Invoice-to-Pay (I2P)
- Fall 2020 Provider Scoring Summary: Procure-to-Pay (P2P)
- Fall 2020 Provider Scoring Summary: Sourcing
- Fall 2020 Provider Scoring Summary: Source-to-Pay (S2P), a suite view that includes all P2P and strategic procurement technologies’ categories
- Fall 2020 Provider Scoring Summary: Spend and Procurement Analytics
- Fall 2020 Provider Scoring Summary: Strategic Procurement Technologies (Sourcing, Analytics, CLM, SXM)
- Fall 2020 Provider Scoring Summary: Supplier Relationship Management and Risk (SXM)
- Fall 2020 Provider Scoring Summary: Temp Staffing
Click the sample Provider Scoring Summary to see the full one-sheet.
- Matchmaker matchmaker make me a (vendor) match
We would love to help you identify requirements, get to a shortlist and create the best RFI/RFP possible for your next technology project. We do this SUPER fast using SolutionMap data, saving you a ton of time, effort and money. Read more about tech selection.
- I’m a vendor and I want to see hard numbers on how I stack up here
As a participant in SolutionMap, you get draft analyst scores against your self-scores. BUT WE HAVE MORE! Our Scoring Benchmark and Gap Analysis shows you final scoring at the line-item level, with percentages against the benchmark norm:
Talk to your client services manager to learn more about benchmarking.
- I’m an investor and want to buy one of the companies in SolutionMap
Due-diligence programs are typically centered on transaction-specific advisory, but they can start at the investigatory phase of interest if you want to “get smart” on procurement solutions and adjacent markets as quickly as possible. We also offer bespoke post-LOI services. Contact Kevin Mallin to learn more about services for investors.
Still have questions and want to talk to a real person?
Our friendly client services team eagerly awaits your outreach:
- Jess Gertler: spend analysis, P2P, E-procurement, invoice-to-pay
- Kevin Mallin: sourcing, CLM, SRM, contingent workforce (all), tech selections, investors
- Jenny Draper: source-to-pay, consulting firms
Thank you all for your ongoing readership. We’re thrilled to get another successful release out into the world.
— The Spend Matters team
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