Author Archives: Xavier Olivera



Taulia: Vendor Analysis (Part 3) — SWOT, Competitor Comparisons, Tech Selection Tips

In this final installment of Spend Matters’ PRO Vendor Analysis on the working capital and e-invoicing provider Taulia, we offer a company SWOT analysis, a look at Taulia’s competitors, tech selection tips and summary commentary.

In Part 1, we covered Taulia’s background and a detailed solution overview, as well as a recommended-fit suggestion to consider Taulia as a technology solution provider. In Part 2, we covered the solution’s strengths and weaknesses.

Now let’s take a deeper look at Taulia and where it competes.

Taulia: Vendor Analysis (Part 2) — Strengths and Weaknesses

Taulia is known for its working capital solutions, which include both of its early payment programs: self-funded and funded by third parties. But as mentioned in Part 1 of this Spend Matters PRO Vendor Analysis, Taulia’s platform also offers e-invoicing and AP automation solutions.

In Part 2, we'll give our insight into the strengths and weaknesses of Taulia's platform and offerings. Part 3 will provide a company SWOT analysis, a look at Taulia’s competitors and tech selection tips.

Taulia: Vendor Analysis (Part 1) — Background, Solution Overview, Tech Selection Tips

procurement

In 2009, Taulia started in the U.S. as one of the few dynamic discounting solutions in the market, and through the years, Taulia has become a leading SaaS platform for working capital. It enables a supplier early payment offering that can be funded by the buyer (dynamic discounting) and/or funded for supply chain finance (SCF) by global third-party funders like banks and capital markets.

Taulia's supplier network has grown from 30,000 suppliers to more than 1.8 million suppliers from over 160 countries around the globe, transacting over $500 billion annually. Taulia has a total capital raise of about $178 million since 2010.

Its platform also offers solutions for supplier self-service, e-invoicing and supplier information management (SIM).

Taulia has participated in Spend Matters’ SolutionMap for Invoice-to-Pay vendors since 2017, and for the 2020 Spring Solution Map edition, Taulia attained “Solution Leader” status in our Turn-Key and CIO Friendly personas, which means that Taulia has a combination of software capability and supporting services that delivers results and a defensible ROI, with strong IT support and CIO endorsement.

The first part of this Spend Matters PRO Vendor Analysis provides a company background and detailed solution overview, as well as a few situations when organizations should consider Taulia. The rest of this three-part research brief covers product strengths and weaknesses, Taulia's competitors, a SWOT analysis and tech selection tips.

BuyerQuest: Vendor Analysis 2020 Update (Part 3) — SWOT, Competitor Comparisons, Tech Selection Tips

This third and final installment of our Spend Matters PRO Vendor Analysis update on BuyerQuest provides a SWOT analysis of the provider and a comparison of competitors. It includes a recommended shortlist of candidates that could serve as alternative vendors to BuyerQuest for e-procurement and procure-to-pay (P2P). We offer profiles of Vroozi, Zycus, Coupa, SAP Ariba and Ivalua. Finally, we conclude with recommendations for organizations considering BuyerQuest and a summary analysis.

Part 1 covered BuyerQuest’s company background and a solution overview. Part 2 focused on its solution strengths and weaknesses.

BuyerQuest: Vendor Analysis 2020 Update (Part 2) — Strengths and Weaknesses

This Spend Matters PRO Vendor Analysis 2020 Update (Part 2) explores BuyerQuest’s strengths and weaknesses in its P2P capabilities, providing facts and expert analysis to help organizations decide if they should shortlist the vendor as a potential provider.

Part 1 of our analysis provided company background information and a detailed solution overview, as well as a summary recommended fit suggestion for what types of organizations should consider BuyerQuest. Part 3 will include a company SWOT analysis, competitor comparisons, tech selection tips and summary analysis.

BuyerQuest: Vendor Analysis 2020 Update (Part 1) — Company & Solution Overview and Tech Selection Tips

This three-part Spend Matters PRO Vendor Analysis is an update of our 2017 series on BuyerQuest, an e-procurement provider known for its user interface then and since has been building out its full P2P capabilities with a focus on e-invoicing and payments.

Many e-procurement providers can stand to improve their UI, a topic that we have written about extensively (here, here, here, here).

To become a full P2P solution, providers that do not invest in an end-to-end user experience can’t compete in today’s market. That’s why we like to see BuyerQuest taking the first steps in this direction. BuyerQuest’s path to competing in the P2P market can happen through through organic growth or new acquisition. We’re eager to see where it goes.

BuyerQuest, founded in 2011, has grown from being a leading e-procurement solution with an easy-to-use digital marketplace to become a full P2P provider that offers three solution packages: Marketplace, eProcurement and Procure-to-Pay that include a set of modules to deliver its value: Storefront, Services, Quote, Suppliers, Platform, Requisitioning, Order, Contracts, Analytics, Payables.

In Spend Matters’ SolutionMap ranking of e-procurement offerings, BuyerQuest attained “Value Leader” status in our Nimble and Turn-Key personas. The Value Leader designation indicates that a solution has high scores for capabilities relative to peers and has good feedback from customers.

This series will provide facts and expert analysis to help procurement organizations make informed decisions about BuyerQuest and whether its capabilities are a fit for their needs. Part 1 will provide company background and a detailed solution overview. The remaining parts will offer product strengths and weaknesses, a company SWOT analysis, details on competitors and the market, and tech selection tips.

SoftCo: Vendor Analysis (Part 3) — SWOT Analysis, Competitors & Market Analysis, Tech Selection Tips

SoftCo qualified as a Nimble “Value Leader” in our new SolutionMap ranking of AP automation offerings, meaning it had good analyst scores and good feedback from its customers. It also indicates that its capabilities can serve companies that need a low-cost solution, rapid implementation and fast ROI in combination with SoftCo’s strengths, which are in invoice capturing, workflow engines and integration expertise.

However, this market is getting competitive — with big investments being made across P2P and specialized AP automation. With that in mind, this final Spend Matters PRO Vendor Analysis installment will look at SoftCo and where it fits into this market and the competitors that it could face in different segments of the market. We’ll have profiles of AvidXchange, Basware, SAP Ariba, Coupa and Corcentric (Determine).

In Part 1, we covered SoftCo’s company background, a detailed solution overview and a summary recommended fit suggestion for considering SoftCo. In Part 2, we covered product strengths and weaknesses.

In addition to a look at SoftCo’s competitors, Part 3 also will include a SWOT analysis, tech selection tips and an analyst summary.

SoftCo: Vendor Analysis (Part 2) — Strengths and Weaknesses

e-invoicing

In this second part of Spend Matters PRO Vendor Analysis, we’ll examine the strengths and weaknesses of SoftCo’s solution, which focuses on AP automation and offers strong invoice capture, workflow/business rules, integration expertise and implementation services.

Part 1 of our analysis provided company background details, a detailed solution overview and a recommended fit list of criteria for firms considering SoftCo.

The third part of this series will offer a company SWOT analysis, a look at competitors and additional tech selection tips.

Now, let’s check out SoftCo’s abilities.

SoftCo: Vendor Analysis (Part 1) — Background, Solution Overview and Tech Selection Tips

This Spend Matters PRO Vendor Analysis on SoftCo offers a three-part series providing facts and expert analysis to help accounts payable and procurement organizations make informed decisions about whether they should explore the software provider in this market.

SoftCo was among the first six providers to join Spend Matters’ new AP Automation SolutionMap, which came out last month. AP automation solutions are gaining prominence in the P2P/I2P market, where having visibility and control of the whole payment transaction is becoming a critical capability to create more process efficiencies and value to organizations. The “OK-to-pay” status, which is just approving an invoice for payment and sending the files to a payment system, is no longer enough to keep providers competitive among the P2P and AP automation players.

The results from SolutionMap show that SoftCo’s payments automation solution is stronger in our Nimble persona, where features such as low cost, rapid implementation and fast ROI are key. SoftCo’s AP automation elements include invoice capture, OCR data capture, invoice approval, invoice exceptions, approval routing, mobile approval, and 2-/3-way & recurring invoice matching.

Part 1 of our Vendor Analysis will focus on SoftCo’s background, provide a solution overview and offer tech selection tips for when organizations should consider SoftCo as a complement to other procurement and finance solutions. The remaining parts of this research brief will cover product strengths and weaknesses, insights on competitors, a SWOT analysis, and insider evaluation and selection considerations.

Tipalti: Vendor Analysis (Part 3) — SWOT, Competitors, Tech Selection Tips, Analysis

invoice

Tipalti was one of the specialized finance technology solutions that participated in Spend Matters’ first AP Automation SolutionMap, which ranked six vendors. The Spring/Q1 2020 rankings came out last month, and Tipalti was deemed a “Solution Leader,” meaning it has robust solution capabilities. At Spend Matters, we have seen great growth in the AP automation market, which is becoming increasingly competitive and interesting. In this brief, we’ll look at market players like Coupa, Basware, SAP Ariba, Oracle, Medius and Determine, a Corcentric company.

In previous installments of this Spend Matters PRO Vendor Snapshot, we covered Tipalti’s background and a detailed solution overview, as well as suggestions on when to consider Tipalti. In Part 2, we covered its product strengths and weaknesses, and in this final installment, we’ll provide a SWOT analysis, competitor comparisons and selection considerations.

Tipalti: Vendor Analysis (Part 2) — Strengths and Weaknesses

Part 1 of Spend Matters’ PRO Vendor Snapshot analysis of Tipalti provided a company and detailed solution overview and a recommended fit list of criteria for firms considering Tipalti. This second part will look at its solution’s strengths and weaknesses.

Tipalti is an AP automation solution that specializes in the automation of payments. Its solution extends from the capture of the invoices, validation, matching, approval for payment to the issuing of the payment itself — regardless of the payment method, currency or geography. In addition, Tipalti captures, validates and manages the information of all the suppliers to whom a payment will be issued.

Spend Matters recently launched our first SolutionMap for AP Automation, which includes Tipalti as one of the inaugural six participants.

The final part will offer a SWOT analysis of Tipalti, competitive alternatives, and additional evaluation and selection considerations.

Now, let’s examine the strengths and weaknesses of Tipalti’s solution.

Tipalti: Vendor Analysis (Part 1) — Background and Solution Overview

procurement

The market for AP automation solutions has shown visible growth recently, as illustrated by increased M&A activity, rising interest from investors like private equity firms, and P2P vendors that are adding more advanced payment capabilities to their solutions, incorporating processing and money transfer capabilities beyond traditional OK-to-pay features.

Given this, Spend Matters recently launched our first SolutionMap for AP Automation, which includes Tipalti as one of the inaugural participants.

Tipalti is an AP automation solution that specializes in the automation of payments. Its solution extends from the capture of the invoices, validation, matching, approval for payment to the issuing of the payment itself — regardless of the payment method, currency or geography. In addition, Tipalti captures, validates and manages the information of all the suppliers to whom a payment will be issued.

This three-part Spend Matters PRO Vendor Snapshot series offers facts and analysis to help accounts payable and procurement organizations make informed decisions about whether they should explore this software provider.

Part 1 a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Tipalti as a complement to other procurement and finance solutions. The remaining parts will cover product strengths and weaknesses, insights on competitors, a SWOT analysis, and insider evaluation and selection considerations.