Author Archives: Spend Matters Team



GEP: What Makes It Great (Sourcing SolutionMap Fall 2020 analysis)

GEP is a source-to-pay (S2P) suite provider that also offers managed services, including full BPO and transformation services. The combination of these individual capabilities from a single provider, especially as they become increasingly synergistic, makes GEP a true standout in the procurement technology space.

The SolutionMap Fall 2020 release reinforces this position, putting GEP in top functional and customer scoring positions. The company scored in the top quadrant — as a value leader — of the SolutionMap in nearly every category. But one area in which its unique combination of technology and supporting services stood out in particular our Sourcing SolutionMap.

So where does GEP stand out most and help “set the bar” in sourcing, and why should this matter for procurement organizations? Let’s delve into the SolutionMap benchmark to find out where GEP is great. “What Makes It Great” is a recurring column that shares insights from our SolutionMap updates for subscribers to SolutionMap Insider content and PRO analysis. Based on both our rigorous evaluation process and customer reference reviews, each brief offers quick facts on the provider, describes where it excels, provides hard data on where it beats the SolutionMap benchmark and concludes with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.

Afternoon Coffee: Fiverr releases positive 2020 financial results; Beeline and Brightfield launch SmartBuyer; PRO recap: B2B payments, direct materials, complex services, Negotiatus Vendor Analysis, and BuyerQuest acquisition & e-pro as a weapon

In today's headlines, Fiverr released its 2020 financial numbers, showing growth for Q4 2020 and the whole year. In other news, Beeline and Brightfield partnered to launch SmartBuyer, an AI-driven guided buying solution. In Spend Matters' PRO coverage this week, analysts looked at B2B payments, direct materials sourcing, complex services, Negotiatus and the ODP Corporation's acquisition of BuyerQuest. Afternoon Coffee brings you the latest in procurement and supply chain news.

The AvidXchange Customer Experience: What Makes It Great (AP Automation SolutionMap Analysis)

Accounts payable (AP) automation has taken the procurement world by storm recently. One of the perhaps less obvious reasons why is the ability of AP automation solutions to quickly address supplier information management challenges and facilitate supplier collaboration via supplier networks or portals.

AvidXchange, a new participant in the SolutionMap Fall 2020 AP Automation category, exemplifies just these benefits. Its unique combination of services and technology for invoice and payment management is attractive to many organizations seeking to automate or outsource portions of the AP process. And the vendor does this at scale: AvidXchange serves the largest network of unique suppliers in the mid-market, counting more than 680,000 suppliers in North America.

But where does AvidXchange stand out most and help “set the bar” in AP automation, and why should this matter for procurement and finance organizations? Let’s delve into our SolutionMap benchmark for customer scores to find out what makes AvidXchange great.

“What Makes It Great” is a recurring column for SolutionMap Insider subscribers. The columns share insights from SolutionMap updates, which rank offerings from more than 77 vendors in 13 technology areas of procurement. The updates are released in the spring and fall. Based on SolutionMaps’ rigorous evaluation process by our analysts and customer reference reviews, these columns offer quick facts on the vendor, describe where it excels, provide hard data on where it beats the SolutionMap benchmark and conclude with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.

Afternoon Coffee: New unemployment claims rise the most in two months; Walmart interested in TikTok for ‘social commerce’; Pandemic adds to child labor

New claims for unemployment reach almost 900,000 — indicating headwinds for the economy. In other news, Walmart says its supply chain can help monetize TikTok videos. And in pandemic news, the problems with child labor increase around the world as schools close or parents lose their jobs. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Fed expects COVID economic recovery to take year or so; J&J commits $800 million to sustainable packaging; Apple bets on 5G; SIG Summit news

In today's headlines, a Fed official says the central bank's coronavirus policies have helped spur growth but the economy needs a year or so to fully recover. In other news, Johnson & Johnson puts its commitment behind the trend of sustainable packaging. Also, check out details on Apple and 5G. And the SIG Summit is ongoing, so look for coverage or check it out yourself. Afternoon Coffee brings you the latest in procurement and supply chain news.

SolutionMap Fall 2020 launches, now ranking 77 procurement technology vendors

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.

SolutionMap rankings are updated to reflect a vendor’s number of customers, employees and revenue per customer

In past SolutionMap charts, a vendor’s “bubble size” solely indicated its number of customers. While that demonstrated some level of market penetration, it did not adequately convey a vendor's experience and resources to handle complex global deployments ... so, we updated it.

Afternoon Coffee: U.S. consumer price index rises; 2 companies scramble to meet demand for rapid COVID-19 test; Lowe’s invests in omnichannel supply chain

In today's headlines, the U.S. economy looks to be on a good path after the consumer price index rose last month. In other news, two companies are struggling to meet the demand for a rapid-response COVID-19 antigen test. Also, Lowe's made a $1.7 billion investment to enhance its supply chain to have two-day delivery for all customers. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Google to finalize SAP Ariba implementation; U.S. re-imposes tariff on Canadian aluminum; payments firm Stripe hires GM exec; COVID-19 relief plan confuses employers

In today's headlines, Google is set to finalize its transition to the SAP Ariba Network this month. Also, the U.S. re-imposed a tariff on Canadian aluminum, raising concerns about the steel tariff. In other news, payments giant Stripe hired General Motors' CFO. Finally, President Donald Trump's executive order for COVID-19 economic relief raises tax payroll questions for employers. Afternoon Coffee brings you the latest in procurement and supply chain news.