Today’s landscape for e-sourcing (RFX, auction, category management, sourcing optimization, etc.) is highly fragmented. There is not a single market-share leader or “dual” leadership in this sector (as is the case with Coupa and Ariba for procure-to-pay). However, there has been one trend when it comes to consolidation, and that is providers focused on the “upstream” areas inclusive not only of sourcing, but also supplier management, contract management and analytics, either building or buying their way into the procure-to-pay sector — or merging their capabilities with other solution providers in this market.
Yet one nearly full “upstream” provider focused on this market remains independent: Scanmarket. (We say “nearly full” because it remains dependent on a partner for spend classification, and it has some functional gaps in the supplier management and contract management areas.) Of course Scanmarket faces competition from different segments of providers with either more targeted or overlapping functional footprints. But its commitment and focus on strategic sourcing technology and adjacent capabilities at a global scale remains singular today, at least as independent vendors go.
This third and final installment of this Spend Matters Vendor Snapshot covering Scanmarket provides an objective SWOT analysis of the provider and offers a competitive segmentation analysis and comparison. It also includes recommended shortlist candidates as alternative vendors to Scanmarket and offers provider selection guidance. Finally, it provides summary analysis and recommendations for companies considering the vendor. Part 1 provided an in-depth look at Scanmarket as a firm and its specific solutions, and Part 2 gave a detailed analysis of solution strengths and weaknesses and a review of the product’s user experience.
Scanmarket is one of the last remaining independent “upstream” procurement technology suite providers. While it brings particular capability and expertise in running both simple and complex RFX and auction processes (and formats), it also offers a range of adjacent capabilities in project management, supplier management and contract management. On many levels, Scanmarket is one of the heirs apparent to the specialized e-sourcing capability pioneered by firms like FreeMarkets and Procuri — and it also represents a targeted and cost-effective alternative to full-suite providers (as well as deeper sourcing capability than procure-to-pay specialists in the market today).
This Spend Matters PRO Vendor Snapshot explores Scanmarket’s product strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide whether they should shortlist the vendor. It also offers a critique (pros/cons) of the user interface. Part 1 of our analysis provided a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Scanmarket in the procurement technology area. The final installment in this series will offer a SWOT analysis, user selection guide, competitive alternatives, and additional evaluation and selection considerations.
SciQuest is arguably the most challenging procurement technology suite vendor to compare directly to the competition. This perhaps explains why it has tended to surface less in competitive procure-to-pay (P2P) or source-to-pay (S2P) suite opportunities outside of its traditional key vertical sectors for transactional procurement (e.g., higher education, laboratory/research, life sciences, public sector) in the past. While it is possible to label SciQuest as a procurement technology suite vendor (source-to-pay, source-to-contract and procure-to-pay), the reality is that to date, the provider has competed in multiple, infrequently overlapping segments of the procurement technology market.
Historically, SciQuest has generally had different sets of customers, prospects and competitors for its core P2P product and its sourcing optimization, spend/supply analytics and contract lifecycle management solutions. This stands in contrast to many of its peers, which have generally chosen to focus on fewer market segments (e.g, eProcurement, invoice-to-pay, etc.) rather than more as primary entry points to customers.
Yet after being acquired by Accel-KKR last year, SciQuest has started an accelerated strategic and marketing transformation process that is uniting its disparate suite elements. Today’s Spend Matters Plus analysis provides an introduction to SciQuest for procurement organizations looking to understand whether they should consider adding the provider to their shortlists for consideration, as well as competitive alternatives.
The sourcing and supplier management suite market (inclusive of spend analytics, e-sourcing, supplier management and contract management) was a crowded sector for many years. But as more providers with capabilities focused on this area have expanded their product offering to transactional procurement and as vendors in the procure-to-pay (P2P) sector expanded through acquisition into sourcing and supplier management, the number of targeted suite providers focused solely on what we describe as the “source-to-contract” market has declined. Yet Scanmarket is one of those that remain (and it is the vendor with the most traction and the largest customer base). And it is a solution provider that is more than standing its ground in a market where consolidation and the march to both strategic and transactional suites is becoming the norm.
This Spend Matters PRO Vendor Snapshot provides facts and expert analysis to help buying organizations, suppliers and partners make informed decisions on Scanmarket’s source-to-contract capabilities. Part 1 of our analysis provides a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Scanmarket in the procurement technology area. The rest of this multi-part research brief will cover product strengths and weaknesses, competitor and SWOT analysis, user selection guides, insider evaluation and selection considerations.
At its current rate of expansion, Coupa will cross the 500-customer threshold in the first half of 2017. There are numerous areas to which to credit its continued ascent, including a spend under management growth rate that is nearly mirroring revenue growth — a metric that shows the rapid manner in which customers are implementing and scaling Coupa implementations relative to first generation procure-to-pay (P2P) solutions. Coupa’s metrics-centric approach to measurable business value is an extension of its own culture, including an emphasis on rapid solution development based on listening to customers and creating accountability for results.
While Coupa is not an ideal fit for all procurement technology requirements, it has become the new benchmark by which other e-procurement and spend management technology suite vendors must measure themselves, or at least in comparison and differentiation. In many ways, Coupa’s recent initial public offering (IPO) represents the first of a new generation of providers assuming a leadership position in the market. From a competitive perspective, this suggests Coupa has moved from the hunter to the hunted, although its competition remains fragmented, with the exception of SAP Ariba, which it encounters most in shortlist and evaluation considerations.
This third and final installment of this Spend Matters Vendor Snapshot covering Coupa provides an objective SWOT analysis of Coupa and offers a competitive segmentation analysis and comparison. It also includes recommended shortlist candidates as alternative vendors to Coupa and offers provider selection guidance. Finally, it provides summary analysis and recommendations for companies considering Coupa. Part 1 provided an in-depth look at Coupa as a firm and its specific solutions, and Part 2 gave a detailed analysis of solution strengths and weaknesses and a review of the product’s user experience.
Coupa is gaining traction among spend management technology suite customers who want a streamlined deployment effort, a simplified user experience and the ability to capture, manage and influence indirect spend as a primary consideration as well as those businesses looking to augment purchasing with additional capabilities (e.g., invoicing) that are easy for end users. Compared with peers, intercepting users when they need to purchase something and processing spend of all types is where Coupa excels as a buying front-end for companies, which is different than just offering an e-procurement application — a key point we explore in this vendor snapshot series.
P2P is still very much a part of the Coupa experience. When it comes to corporate purchasing, Coupa focuses on delivering an “Amazon-like” experience for users. (Spend Matters would actually suggest that it delivers a better corporate buying experience than Amazon as a buying front-end, at least Amazon Business.) But as with other e-procurement providers, it brings a hidden back office component that provides procurement and finance organizations with significant compliance controls, oversight and related capabilities to manage and even guide buyers down specific paths (e.g., procuring a given item from a preferred supplier, and within budget) while making the overall buying experience almost as painless as shopping on a consumer site.
This Spend Matters PRO Vendor Snapshot explores Coupa’s product strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide if they should shortlist the vendor. It also offers a critique (pros/cons) of the user interface. Later in this multi-part series we will offer a SWOT analysis, user selection guide, competitive alternatives and additional evaluation and selection considerations.
There are many perspectives on Coupa. These range from those who believe that the vendor has single-handedly transformed the world of spend management through building a truly unified suite that is 100% cloud-native, atoning for the over-customization, product and user interface sins of those that came before, to those who think that Coupa has expanded too quickly and is doomed to repeat mistakes others have made in the past. This vendor snapshot on Coupa is not about perspectives. It aims to be the first to review Coupa’s technology and modules in the context of what they actually do today and how they are differentiated — or not — from others.
The majority of technology analysts no longer prioritize reviewing procurement technology (product demonstrations, production sites, etc.) due to methodology or time constraints in evaluating vendors. The Spend Matters research team has collectively spent hundreds of hours looking at Coupa’s products and talking to partners and customers in the past 12 months. We have also comparatively analyzed Coupa and its competitors for a range of constituents including procurement and finance organizations, for suppliers participating in supplier network ecosystems, and for consultants and systems integrators.
This Spend Matters PRO Vendor Snapshot provides facts and expert analysis to help buying organizations, suppliers and partners make informed decisions on Coupa’s procure-to-pay (P2P) and broader source-to-contract capabilities, inclusive of inventory management and travel and expense (T&E). Part 1 of our analysis provides a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Coupa in the procurement technology area. The rest of this multi-part research brief covers product strengths and weaknesses, competitor and SWOT analysis, user selection guides, insider evaluation and selection considerations.
The contract lifecycle management (CLM) technology market is highly fragmented today, with customers having significant choice between broad-based suite and independent vendors. Within this mix of full lifecycle solutions — from analytics to authoring to compliance — there are also specialized providers that stand out for unique capabilities, specialization or unique technology approaches to CLM. One CLM provider that is differentiated from other options — owing both to its business rules and business process management (BPM) foundation and to its adjacent capability in asset management and related areas — is Agiloft.
This third and final installment of this Spend Matters Vendor Snapshot covering Agiloft provides an objective SWOT analysis of the provider and offers a competitive segmentation analysis and comparison. It also includes recommended shortlist candidates as substitute providers to Agiloft and provider selection guidance. Finally, it provides summary analysis and recommendations for companies that can best take advantage of Agiloft’s capabilities. Part 1 of this series provided an in-depth look at Agiloft as a company and its specific solutions, and Part 2 gave a detailed analysis of solution strengths and weaknesses and a review of the user experience.
Most procurement organizations have only started to explore the full set of capabilities that integrated contract lifecycle management (CLM) capabilities can bring. Yet in most cases today – outside of procurement organizations deploying integrated suite-based contract management technologies, many of which offer limited capabilities relative to independent CLM vendors – CLM remains loosely coupled from overall procurement processes, including sourcing, supplier management, transactional buying, contract compliance and risk management. Agiloft, one of dozens of independent CLM providers out there, offers a means of creating a synthetic process- and data-driven “hub” beyond providing core contract management capabilities alone.
Agiloft’s history, which we trace in this Spend Matters PRO Vendor Snapshot series, includes over a decade spent developing and refining its core business rules and business process management (BPM) engine. While these two capabilities now come standard with other procurement and CLM technologies, to say they are all created equal would be as incorrect as labeling all source-to-pay platforms equal. While sounding technical on the surface, these two areas are the defining elements that help differentiate the vendor today in terms of what they can enable procurement to achieve (beyond the expected CLM basics). In addition, they enable Agiloft to serve as a new type of project and process orchestration platform to unite other technologies and data sets.
This Spend Matters PRO Vendor Snapshot explores Agiloft’s product strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide whether they should shortlist the vendor. It also offers a critique (pros/cons) of the user interface. Part 1 of our analysis provided a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Agiloft in the CLM area. Next up, this series will offer a SWOT analysis, user selection guide, competitive alternatives, and additional evaluation and selection considerations.
Coupa’s acquisition of Spend360 brings an immediate set of capabilities to Coupa customers — and the basis of a broader, disruptive and embedded offering integrally linked to Coupa’s cloud solution. But what is spend analytics (and spend classification, specifically) and why should customers care? What types of reports should you be able to run? And more narrowly, what specific capabilities does Spend360 bring and how are these different than alternative approaches (e.g., AI/machine learning vs. rules-based classification).
There’s also the question of what Spend360 will ultimately enable Coupa to achieve by applying an AI-driven approach to the firm’s broader source-to-pay platform, including guiding users to better decisions based on insights their own data can provide, a broader topic Coupa’s CEO, Rob Bernshteyn, hinted at during a talk earlier this year. But we’ll leave this specific topic to a longer exploration after we’ve had the chance to delve into the “so what” for customers from the acquisition.
This Spend Matters PRO research brief provides a product-centric analysis that will help Coupa customers and prospects get beyond the headlines of the announcement and understand, on a comparative basis, what spend analytics really is, how spend classification works and how Spend360 stacks up to others.
Earlier today, WNS announced it had acquired Denali Sourcing Services, a procurement solutions provider. Denali was one of the pioneers in procurement managed services. But more recently, the firm has expanded its broader practice in such areas as spend analytics, market intelligence and training. Not all of these capabilities will transition over to WNS — some will remain with the original Denali group, which will be rebranded in the coming months.
Denali brings a number of capabilities to WNS, including a center of excellence (COE)-driven managed services capability for spend analytics, strategic sourcing, category management and supplier management. In short: It adds many “baited hooks” to chum the waters for the broader business process outsourcing (BPO) and outsourcing nets WNS is casting in the market.
But perhaps most important from a market perspective, the transaction will put pressure on other offshore BPO firms, including Genpact, Infosys, HCL and Tech Mahindra, looking to accelerate penetration in North America and Europe through the addition of onshore expertise and capability. For this reason — among others — Spend Matters believes this deal is likely a harbinger of more acquisition activity to come in 2017. In the near term, however, Spend Matters believes the acquisition will do little to blunt the leadership positions of Accenture and GEP for procurement BPO and managed services.
This Spend Matters PRO First Take Analysis provides an overview of the capabilities Denali brings to WNS, key takeaways, an overview of procurement managed services and insight into select additional acquisition candidates that could contribute to further consolidation in this market.
The contract lifecycle management (CLM) technology market includes dozens of different technology providers, many of which provide additional buy-side (e.g., strategic sourcing, transactional procurement, etc.) or sell-side (quote-to-cash) capabilities. Some of these vendors are well known in the market, having invested heavily in sales and marketing for many years. Others are not. One provider in the latter camp that recently caught our attention after a round of briefings and demonstrations is Agiloft. Today, Agiloft covers all the standard contract lifecycle management components (which we’ll explore in this series in detail). These enabling capabilities include core contract authoring, repository and lifecycle management capabilities. But how Agiloft stands out within the highly crowded CLM market actually owes more to its core technology underpinnings and adjacent capabilities than the CLM features alone that sit on top of its architectural stack. This Spend Matters PRO Vendor Snapshot provides facts and expert analysis to help buying organizations, suppliers and partners make informed decisions about Agiloft’s contract lifecycle management (CLM) and related capabilities. Part 1 of our analysis provides a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Agiloft in the CLM area. The rest of this multipart research brief covers product strengths and weaknesses, competitor and SWOT analysis, user selection guides and insider evaluation and selection considerations.