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

AnyData Solutions competes in a fragmented market for spend analytics. Yet unlike many of its peers, it is not a common procurement vendor name. But with better awareness, it could be a strong analytics competitor globally, especially considering how the solution packs a powerful one-two functional and pricing punch.

From a functional standpoint, AnyData’s rapid visual development framework can enable customers to go beyond spend analysis use cases to create custom, domain-specific analytics solutions (e.g., analytics-centric contract lifecycle management and supplier performance management reporting and capability). Combined with AnyData’s low-cost pricing models (a fraction of the cost of other solutions under most scenarios), it should make the solution a shortlist candidate for just about any size organization needing a spend analytics platform that wants the option to move beyond the basics.

This third and final installment of this Spend Matters PRO Vendor Analysis provides an objective SWOT analysis of AnyData and looks at its competitors and the market they inhabit. It also includes recommended shortlist candidates as alternative vendors to AnyData, and offers provider selection guidance. Finally, it provides summary analysis and recommendations for companies considering AnyData. Part 1 provided an in-depth look at AnyData as a firm and its solution overview. Part 2 offered a detailed analysis of its solution strengths and weaknesses.

AnyData Solutions: Vendor Analysis 2020 Update (Part 2) — Product Strengths & Weaknesses

InnoCentive

Part 2 of this Spend Matters PRO Vendor Analysis update explores the strengths and weaknesses of AnyData’s spend analytics and contract management solution, providing facts and expert analysis to help procurement organizations and other customers decide whether AnyData is the right fit for their needs.

Since our 2017 review, AnyData has added a strength: metric definition and management. And it improved on old strengths, like rapid configuration and ease of use. Also its visualization engine is sharper, faster and more configurable by the end user. Areas for improvement include more marketing and industry customization. We’ll discuss all of these and more later.

As we indicated in Part 1, AnyData Solutions is not just a stand-alone spend analytics toolset that includes “the basics.” Rather, it is a stand-alone platform for capturing, managing, sharing and collaborating on structured datasets of any type — which can come from flat files, spreadsheets, databases, live API feeds, documents scanned by OCR and just about any data source you can think of.

As an end-to-end analytics platform, AnyData is quite different from other approaches to spend analytics on the market today. On many levels, AnyData is closer to the data-centric heritage of BIQ, or the newer Spendata solution (founded by a BIQ co-Founder), as it is fundamentally a self-service analytics solution, compared with the vast majority of spend analytics providers, which prefer to handle cleansing and classification activities “as a service,” even if they offer to sell the classification engine separately (which rarely happens).

The first installment of this three-part series provided a company and solution overview and a recommended fit list of criteria for firms considering AnyData. Part 3 will offer a company SWOT analysis, a look at AnyData’s competitors and a user selection guide.

AnyData Solutions: Vendor Analysis 2020 Update (Part 1) — Background, Solution Overview, Tech Selection Tips

AnyData Solutions, founded seven years ago, is yet another spend analytics vendor with strong capabilities, even some unique ones — but it’s not just a spend analytics vendor, as it offers contract management capabilities and bases its platform on a no-code rapid AI-enabled visual development environment (VIDE). But like many analytics startups hailing from the UK (including Rosslyn Data Technologies, Spend360 that was acquired by Coupa and Spikes Cavell that was acquired by Xchanging and is now DXC Technologies), it has been undercapitalized from the start. As a result, AnyData has not invested in the type of sales and marketing efforts necessary to make it a household name. It also has lacked the channel and business development prowess of DXC Technologies (Spikes Cavell) and Spend360 (Coupa) that helped drive significant yet behind-the-scenes growth and resulted in their eventual acquisitions.

Perhaps most important, as previously chronicled by Spend Matters (see: Exploring the Customer Experience of a Spend Analytics Provider that Should be on Your Shortlist), AnyData’s broad claim around the delivery of powerful analytics is not the typical smoke-and-mirrors marketing that many vendors put forth. Our analysis, backed up by deep SolutionMap analysis, finds that it does deliver a true end-to-end analytics platform (unlike just about every other spend analysis solution) that is extensible across functions, industries and different use cases both inside and outside of procurement (as the VIDE can be used to configure broad-based analytics support).

This Spend Matters PRO Vendor Analysis, updated since our 2017 review, provides facts and expert insights to help procurement organizations make informed decisions about AnyData Solutions and whether its capabilities are a fit for their needs. Part 1 of our analysis provides an updated company background and a detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider AnyData in the procurement technology and solutions area. The remaining parts of this research brief will cover product strengths and weaknesses, competitor and SWOT analyses, and insider evaluation and selection considerations.

Customer reviews for AnyData in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews for AnyData, a procurement analytics vendor.

The applicable SolutionMap category for this report is in our ranking of Spend and Procurement Analytics solutions.

SolutionMap Insider members can read about AnyData in our latest report.

In each Customer Insights report, we provide a one-page summary of details from the SolutionMap peer review process. It includes ratings on how well the vendor meets its customers' expectations, three key differentiators for the vendor and a list of quotes from customers about the vendor’s greatest strengths.

AnyData

As part of the SolutionMap RFI process, Spend Matters continuously solicits customer references to determine a procurement technology provider’s placement on the ranking graphics. This is a Spend Matters curated summary of verified customer feedback for AnyData, a SolutionMap-ranked provider.

AnyData Solutions: Vendor Analysis (Part 3) — Summary & Competitive Analysis

spend analytics

AnyData Solutions competes in a fragmented market for spend analytics. Yet unlike many of its peers, it is not a common procurement vendor name. But with better awareness, it could be a strong analytics competitor globally, especially considering how the solution packs a powerful one-two functional and pricing punch.

From a functional standpoint, AnyData’s rapid visual development framework can enable customers to go beyond spend analysis use cases to create custom, domain-specific analytics solutions (e.g., analytics centric contract lifecycle management and supplier performance management reporting and capability). Combined with AnyData’s low-cost pricing models (a fraction of the cost of other solutions under most scenarios), it should make the solution a shortlist candidate for just about any size organization needing a spend analytics platform that wants the option to move beyond the basics.

This third and final installment of this Spend Matters Vendor Snapshot covering AnyData Solutions provides an objective SWOT analysis of AnyData and offers a competitive segmentation analysis and comparison. It also includes recommended shortlist candidates as alternative vendors to AnyData, and offers provider selection guidance. Finally, it provides summary analysis and recommendations for companies considering AnyData. Previous installments provide an in-depth look at AnyData as a firm and its specific solution capability (Part 1) and a detailed analysis of solution strengths and weaknesses and a review of the product’s user experience (Part 2).

AnyData Solutions: Vendor Analysis (Part 2) — Product Strengths & Weaknesses

Analytics

AnyData Solutions is not just a standalone spend analytics toolset that includes “the basics.” Rather, it is a standalone platform for capturing, managing, sharing and collaborating on structured datasets of any type.

As an end-to-end analytics platform, AnyData is quite different from other approaches to spend analytics on the market today. On many levels, AnyData is closer to the data-centric heritage of BIQ, as it is fundamentally a self-service analytics solution, compared with the vast majority of spend analytics providers, which prefer to handle cleansing and classification activities “as a service,” even if they offer to sell the classification engine separately (which rarely happens).

This Spend Matters PRO Vendor Snapshot explores AnyData’s strengths and weaknesses, providing facts and expert analysis to help procurement organizations and other customers decide whether AnyData is the right fit for their need. The first installment provided a company and solution overview and a recommended fit list of criteria for firms considering AnyData. Part 3 will offer a SWOT analysis, user selection guide, competitive alternatives and additional evaluation and selection considerations.

AnyData Solutions: Vendor Analysis (Part 1) — Background & Solution Overview

There must be something in the procurement climate in the United Kingdom that encourages procurement technology entrepreneurs to start spend analytics businesses. Coming on the heels of Spikes Cavell (acquired by Xchanging), Spend360 (acquired by Coupa), Simfoni and Rosslyn Analytics is the newest upstart, AnyData Solutions, which was founded in May of 2013. AnyData is yet another spend analytics vendor with strong capabilities, even some unique ones. But like many of its peers, it has been undercapitalized from the start and as a result has not invested in the type of sales and marketing efforts necessary to make it a household name. It has also lacked the channel and business development prowess of Spikes and Spend360, which helped drive significant, yet behind the scenes, growth.

Perhaps most important, as chronicled by Spend Matters previously (see: Exploring the Customer Experience of a Spend Analytics Provider that Should be On Your Shortlist), AnyData’s broad claim around the delivery of broad, powerful analytics is not the typical smoke and mirrors marketing that many vendors put forth. Our analysis suggests it delivers a true end-to-end analytics platform (unlike just about every other spend analysis solution) that is extensible across functions, industries and different use cases both inside and outside of procurement.

This Spend Matters PRO Vendor Snapshot provides facts and expert analysis to help procurement organizations make informed decisions about AnyData Solutions and whether its capabilities are a fit for their needs. Part 1 of our analysis provides a company background and a detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider AnyData in the procurement technology and solutions area. The remaining parts of this research brief will cover product strengths and weaknesses, competitor and SWOT analyses, and insider evaluation and selection considerations.