Acada: Vendor Analysis — Procurement performance management solution overview, roadmap, Acada competitors, tech selection tips, analyst summary

In this Spend Matters PRO Vendor Analysis, we will give an overview of Acada, a new player in the procurement performance management (PPM) market.

Acada wants to make procurement teams more productive by digitizing key processes and bringing project/task management into one place. Contract creation, negotiations and renewals are bread and butter for procurement teams. However, many organizations do not track/manage these processes in a structured and scalable way, which hinders their ability to be more efficient or get the required visibility to report on delivery and identify process improvement opportunities.

This Vendor Analysis will examine the concept behind Acada, its application, Acada’s competitors, tech selection tips and key analyst takeaways.

Here’s why Acada matters:

• To the market: Acada is a new entrant in a category of growing interest — solutions that help procurement groups better manage their workloads and drive stakeholder satisfaction.
• To customers: Acada provides customers with a structured execution and collaboration framework to ensure that procurement delivery is efficient.
• To potential buyers: Acada offers a tool dedicated to the needs of procurement teams, and it is built by a former senior purchasing professional who knows the challenges that procurement groups face from an organizational and technological perspective.