Spend Matters releases SolutionMap Spring 2021 rankings of 75 procurement technology solutions

Spend Matters has updated its free SolutionMap rankings for the Spring 2021 release, with more than half of vendors updating their customer reference data. SolutionMap now compares 75 procurement technology solutions across 13 categories, like Sourcing, AP Automation, Spend Analytics, and Supplier Relationship Management & Risk.

SolutionMap is notable because of its depth of analyst assessments, quantity of real-life customer inputs and frequency of release (twice a year) to accurately reflect vendor updates at the speed of the market.

For this update, we’ve refreshed the customer scores as needed, but we paused the update to our analyst scores because we’re reworking our vast RFI.

Customer score updates and RFI revamp

Specifically, the Spring 2021 SolutionMap represents a “condensed” cycle containing only customer score updates, spurred either by new or expiring references. Analyst scores were carried forward from the previous Fall 2020 rankings. This condensed cycle allowed time for Spend Matters’ analysts to simplify and streamline the RFI for the next cycle, Fall 2021 SolutionMap. The addition of new vendors and existing vendors’ expansion into new categories were also pushed to Fall 2021 to coincide with the rollout of the revamped RFI.

Spend Matters TechMatch℠ Powered by SolutionMap

Launched just last month, Spend Matters TechMatchSM is a cloud-based application powered by SolutionMap benchmarking data available only for procurement practitioners who are buying procurement technology.

TechMatch speeds up and simplifies technology selections for sourcing, supplier management, spend analysis, contract management, e-procurement, AP automation/invoice-to-pay, procure-to-pay and source-to-pay systems. TechMatch helps a user identify and then map core buying requirements against vendor functionality/capabilities — removing the need for costly advisory or time-consuming internal research.

It’s a low-cost, efficient and new approach to get to a best-fit shortlist.

Framing The ‘Procurement Technology Buyer’s Guide’

The newly available “Procurement Technology Buyer’s Guide” is a five-step guide filled with valuable resources developed by Spend Matters to help you move along the “digital procurement buyer’s cycle.” Whether you’re in the market for a source-to-pay suite or any standalone solutions in between, Spend Matters is here to provide you with tangible guidance and templates to swiftly yield your best-fit solution provider.

SolutionMap Overview

Since the launch of SolutionMap in mid-2017, its rankings have been referenced by procurement professionals over 160,000 times, with the TechMatch offerings gaining traction as a key way to conduct informed procurement technology selections.

Today, SolutionMap ranks the players in 13 categories of procurement technology:

You can visit spendmatters.com/solutionmap to view the free ranking charts by technology category and buying persona, or to learn more about the methodology. Procurement technology selection and benchmarking intelligence services are available at a premium.

Vendors and their categories:

Companies listed in orange updated customer reference scores for the SolutionMap Spring 2021 release. 

Company ePro I2P AP P2P Sourcing CLM Analytics SXM SPT S2P TS SOW DSW/S
Agiloft X
Allocation X X
AnyData Solutions X
Apex Analytix X
AvidXchange X X
Basware X X X X
Beeline X X X
BirchStreet X X X
Bonfire X
BuyerQuest X
Conga X
Corcentric Payables (COR360) X X
Corcentric Platform, name changed from Determine (Corcentric) X X X X X X X X X X
Coupa X X X X X X X X X X X X
EC Sourcing X
Elevated Resources X
Field Nation X
GEP X X X X X X X X X X
GraphiteConnect X
HICX X
Icertis X
Ignite Procurement X
Infor X X
Ivalua X X X X X X X X X
Jaggaer ONE (Direct) X X X X
Jaggaer ONE (Standard) X X X X X X X X X
Keelvar X
Kodiak Rating X
K2 Sourcing X
LevaData X X
Market Dojo X
McKinsey (Orpheus) X
Medius (Wax Digital) X X X X X X X
OpusCapita X X X X
Oracle X X X
Procurence X
ProcurePort X
Procurify X
Promena X X
Rosslyn Data Technologies X
SAP Ariba X X X X X X X X X
Scanmarket X
Scout RFP X
Shiftgig X
Shortlist X
Sievo X
Simfoni X
SirionLabs X X
Softco X
SourceDay X
Sourcemap X
Spendata X
Spendency X
SpendHQ X
State of Flux X
Suplari X
Symfact X
TalentNet X
Talmix X
Talon X
Taulia X
Tipalti X
Tradeshift X X X X
Uppler X
Upwork Enterprise X
VectorVMS X X
Vendorful X X
VNDLY X
VORTAL X X X X
Vroozi X X X
Workforce Logiq X
WorkMarket (ADP) X
Xeeva X X
Yooz X
Zycus X X X X X X X X X

If you’re new to SolutionMap, here are the basics:

How to use SolutionMap Spring 2021 (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)

  • If these maps aren’t enough and you want to see granular comparisons, we have an option for you.

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 (see a sample “one-sheet” below) and compare vendor scores to your heart’s content: Explore the Provider Scoring Summary pages here.

Click the sample Provider Scoring Summary to see the full one-sheet.

 

  • If you’re a vendor and want to see hard numbers on how your solution stacks up, we have an option for you.

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.

  • If you’re an investor and want to buy one of the companies in SolutionMap, we have an option for you.

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 message. Find the technology category that you're interested in below, and mention the team member's name when you contact us:

  • 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, payments technology

Thank you all for your ongoing readership. We’re thrilled to get another successful release out into the world.

— The Spend Matters team

Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner. Spend Matters is owned and managed by Azul Partners, Inc.

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