The Procurement Systems & Architecture Category

Wax Digital: Vendor Snapshot (Part 1) — Background & Solution Overview [PRO]

Some vendors prefer to wax poetic. Others prefer to wax digital. One such source-to-pay provider likes waxing digital so much, that it even calls itself Wax Digital. And it is our latest source-to-pay vendor to get the in-depth PRO treatment here on Spend Matters (before its debut in Q4 SolutionMap).

By now you are all familiar with its primary source-to-pay competitors, including SAP Ariba, Coupa, Determine, GEP, iValua, Jaggaer, SynerTrade and Zycus, as they have been covered extensively on PRO and appear in the SPT & S2P solution maps, and while you are quite familiar with the American S2P providers (Ariba, Coupa, Determine, GEP, Jaggaer and Zycus) and now the European S2P providers (iValua and SynerTrade), you're likely not as familiar with their English counterparts, namely Proactis and Wax Digital, as they have not had as much exposure in recent years. And Wax Digital is definitely a provider that should make your familiarization list.

Wax Digital, which has been around for almost two decades, is one of the largest European providers of source-to-pay solutions, with users in over 100 countries around the globe. It is available in 15 languages out of the box and supports all currencies under ISO 4217 for its 250,000+ global users.

Part 1 of this analysis provides a detailed company background and detailed solution overview, as well as a summary recommended fit for when organizations should consider Wax Digital. The remaining parts of this research brief will dive into product strengths and weaknesses, competitor and SWOT analyses, and insider evaluation and selection considerations.

E-Procurement Catalog Management and Search: Ivalua (Part 4)  [PRO]

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For those people who are not in the weeds of B2B catalog management and search but know enough to have an opinion, it might seem that Ivalua would have some cards stacked against it on a comparative basis. Consider on the one hand that Ivalua is better known as a source-to-pay suite provider than an e-procurement specialist (although in Spend Matters’ Q3 E-Procurement SolutionMap Insider report, Ivalua is a top performer, tying with three other providers for second place overall in analyst/functional scoring). And on the other hand, Ivalua is very much a workflow, business process and industry specialist vs. a provider paying particular attention to all of the nuances of B2B search and catalog management as a core differentiator.

But is such a hypothesis accurate?

As with everything Ivalua, you must peel the product and platform onion to understand the depths of what it is capable of (and no, Ivalua does not toot its own horn enough here, as it should, given how strong it is overall). But before exploring Ivalua’s catalog management and search/requisitioning capabilities in detail and helping our readers to answer this question, it is essential to develop a foundational understanding of the topics at hand. We recommend starting here:



The first three briefs in this series, E-Procurement Catalog Management and Search: Introduction and Tradeshift Analysis, E-Procurement Catalog Management and Search: Oracle Procurement Cloud Analysis (Part 2) and E-Procurement Catalog Management and Search: Jaggaer Indirect Analysis (Part 3) provided a summary overview of the “best practice” Coupa is attempting to achieve by combining its own capability with Aquiire and Simeno. It also provided an analysis of Tradeshift’s, Oracle’s and Jaggaer’s catalog management capabilities. Today, we turn our attention to another top-performing (based on Q3 SolutionMap analyst scoring) e-procurement provider: Ivalua.

Lost Sourcing Savings: Survey Data Suggest a Crisis (Part 3) [Plus+]

Editor's note: This Spend Matters Plus brief is a refresh of our 2013 series on sourcing strategies, which originally ran on Spend Matters PRO. Check out Part 1  and Part of this series first. 

If we were to point fingers at where technology can help companies drive implemented savings, five areas would rise to the top: demand aggregation, collaboration (internal and supplier), strategic sourcing (with an emphasis beyond driving to negotiated outcomes alone), analytics and architecture/information management. We won’t investigate the latter topic in this series because of the detailed analysis that our analyst team has already conducted. Yet in the other areas discussed, it’s worth exploring the different technology options, beginning with tools that support demand aggregation strategies.

AI in Procurement Today (Part 2): 6 Applications in P2P [PRO]

As we discussed in Part 1 of this series, AI is the reigning buzzword of the day in procurement software. Just about every enterprise vendor out there claims to have AI, even if all they have is RPA. To help procurement organizations get up to speed, we reviewed the definition of each of the technologies in the “cognitive” stack — RPA, ML, AR, AI and cognitive — and discussed how some (but definitely not all) platforms are making use of these emerging technologies to make procurement faster, better and more productive than ever before.

Specifically, in Part 1 we discussed how the right application of these assistive technologies today can give you a platform that provides true automation, smart auto-reorder of MRO/retail stock and enhanced mobile support. We also noted that there were just a few of the applications that were available. Today, we review three more capabilities that a best-of-breed procurement platform should provide to take your (tactical) procurement to the next level.

Once You’re in the Cloud, Managing Cloud Costs Can Be a Challenge, Report Says

A couple of years ago, organizations raced to catch up and understand cloud computing and formulate strategies for adopting cloud services. Now, according to a new report, the problem isn’t so much cloud adoption, it’s managing the cloud. Organizations that made the switch are finding new problems they didn’t foresee, leading to cost overruns and exposing disconnects between levels of management. According to “The State of Cloud Readiness 2018,” a new report put out by managed services provider Softchoice, while cloud adoption has risen since 2016, organizations aren’t seeing the results they’d envisioned.

How to Hack Your ERP and Create Competition for P2P Suite Providers

Spend Matters welcomes this guest post from Doug Hudgeon, a business automation expert.

P2P software is painful to buy and painful to implement. In order to get the biggest benefit, you need to rip the purchasing spinal cord out of your company and replace it with an end-to-end P2P system. This is a big project, requires a big budget and, if you are going to deliver on the promised benefits, you must have an unwavering commitment to change. Sales cycles are long but, fortunately for P2P vendors, the margins on the deals that do get across the line can be pretty good. But the competitive landscape is about to shift.

Lost Sourcing Savings: Survey Data Suggest a Crisis (Part 2) [Plus+]

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Editor's note: This Spend Matters Plus brief is a refresh of our 2013 series on sourcing strategies, which originally ran on Spend Matters PRO. Check out Part 1 of this series here

As much we like to jump to some “geek” answer to solve savings and supplier implementation challenges, hopefully you have realized by now that the right technologies alone will not get a procurement organization very far in overcoming the savings implementation hurdles. Indeed, the diversity of challenges surrounding implementing sourcing savings in both manufacturing and non-manufacturing environments run deep across functional and organizational DNA and capabilities. Tackling these first will enable procurement organizations to use the right set of technologies as a glue that binds all of the jigsaw pieces of the rest of the savings implementation equation permanently.

Sponsored Article

Create a Perfect E-Procurement World with Advanced Technology

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You get procurement; we get procurement; your end users don’t get procurement — and that’s exactly how it should be. A perfect world in e-procurement is enabling end users to get exactly what they need quickly, easily and in compliance with procurement policy without having to understand the intricacies of that policy, while also empowering procurement teams with the right digital capabilities to support strategic initiatives behind the scenes. That’s why I’m particularly excited about a host of new advanced technology that is making this perfect e-procurement world a reality for many companies.

E-Procurement Catalog Management and Search: Oracle Procurement Cloud Analysis (Part 2) [PRO]

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This Spend Matters PRO series examines the catalog management capabilities (within e-procurement) of some of the top vendors. Most of the leading solution providers featured in the E-Procurement and Procure-to-Pay SolutionMaps areas can handle many of the nuances required of search and catalog management. For all the gory detail of what comprises catalog management and why it matters as part of an e-procurement system, we encourage PRO subscribers to start here:

The first research brief in this series, E-Procurement Catalog Management and Search: Introduction and Tradeshift Analysis, provided a summary overview of the “best practice” Coupa is attempting to achieve by combining its own capability with Aquiire and Simeno. It also provides an analysis of Tradeshift’s catalog management capabilities — and how it stands out in the area through its many-to-many approach.

Today, we turn our attention to another top-performing (based on Q3 SolutionMap analyst scoring) e-procurement provider: Oracle (specifically its Procurement Cloud/Fusion product line) and explore its catalog management and search capabilities.

E-Procurement Catalog Management and Search: Introduction and Tradeshift Analysis (Part 1)   [PRO]

Most of the leading solution providers featured in the E-Procurement and Procure-to-Pay SolutionMaps can handle many of the nuances required of search and catalog management. For all of the gory details of what comprises catalog management and why it matters as part of an e-procurement system, we encourage PRO subscribers to start here:

Now that you know what catalog management comprises — and assuming you’ve read the “Just Coupa It” analysis of Coupa’s approach to search and catalog management with Aquiire and Simeno — we can explore how other solution providers approach this complex and nuanced area.

Based on insights gained from SolutionMap analysis, this series will explore how other leading providers approach search and catalog management. Today, we introduce the topic and share how Tradeshift, the first of Coupa’s peers that we’ll investigate in this series, tackles catalog management and business user search.

If you are currently using an e-procurement solution or considering purchasing a new technology, this is a critical series that will help you understand one of the most important functional “plumbing” elements within transactional purchasing and procure-to-pay, as well as what other capabilities top performers offer as part of their broader P2P environments. Read on!

The Road to Cognitive Procurement: LevaData Models a New Standard for Sourcing Maturity

Most procurement groups are coming around to the idea that they need digital transformation. Yet even with a convincing case for taking an AI-based “cognitive” procurement approach to processes like sourcing, excuses about bad data and poor backing from management inevitably stop organizations from taking the first step. LevaData, like other solution providers, is increasingly trying to help procurement not just take on technology but create the roadmap for organizational maturity that leads to better business outcomes.

Tradeshift: Vendor Snapshot (Part 1) — Background and Solution Overview [PRO]

Tradeshift is a cloud platform that connects buyers and suppliers with the goal of digitizing supply chain relationships, processes and information, while also enabling everyday procure-to-pay activities. Its capabilities span the buying of goods and services through to financing and payment — and significant capability in between, especially in the invoice-to-pay area.

In addition to providing its own procure-to-pay modules, Tradeshift offers an open integration framework that allows other technology firms (and customers) to integrate and/or development third-party “apps,” primarily centered on supplier connectivity, transaction enablement and collaboration. Tradeshift can even integrate alternative procure-to-pay providers in cases where specific enabling capability is desired.

This Spend Matters PRO analysis provides an introduction to Tradeshift, both as a platform-as-a-service (PaaS) provider and also as an e-procurement and invoice-to-pay technology vendor. It is designed to provide facts and expert analysis to help procurement and finance organizations make informed decisions about whether they should consider Tradeshift for both traditional “in-the-box” procure-to-pay requirements as well as unique marketplace/platform type digital initiatives.

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 Tradeshift as a complement to other procurement and finance solutions. The remaining parts of this research brief will cover product strengths and weaknesses, competitor and SWOT analyses, and insider evaluation and selection considerations.