LogicSource OneMarket: Vendor Analysis — Source-to-pay solution and managed services overview, roadmap, competitors, tech selection tips, analyst summary

In this Spend Matters PRO Vendor Analysis we give an overview of LogicSource, a provider of procurement services and software focused exclusively on indirect (i.e., not-for-resale) expenditures. Based in Norwalk, Connecticut, LogicSource offers a rare blend of managed services and technology, including a proprietary source-to-pay platform called OneMarket.

While LogicSource has provided business process outsourcing (BPO) and managed services complemented by technology solutions since 2009, the provider has over the course of 2020/2021 developed what is best described as a services-enabled technology platform. OneMarket, which today consists of modules for spend analytics, sourcing performance management, sourcing RFX execution, contract management and procure-to-pay execution, converges technology, services and market intelligence into a single offering. The result is a value prop that is difficult to find from most other vendors in the market, especially the S2P suite segment. And crucially, the LogicSource approach is smartly designed to the needs of the numerous mid-market enterprise procurement organizations at which S2P technology has delivered mixed results.

This Spend Matters PRO Vendor Analysis offers an overview of LogicSource, including quick facts about the provider. The brief also includes an introduction to LogicSource’s OneMarket solutions for spend analysis, project/performance management, sourcing, contract management and P2P, an overall SWOT analysis comparing it to other procurement services providers, and a selection checklist for companies that may consider the provider.