Onventis: Vendor Analysis (Part 1) — Upstream S2C solution overview, SWOT, Onventis competitors/market analysis, tech selection tips

Onventis competitors

Onventis has grown into an interesting source-to-pay suite provider, so we plan to look at its offering in the upstream source-to-contract area in this two-part Spend Matters PRO today, and we'll do another series on the downstream P2P solution in the coming weeks.

It's also important to note two other things about Onventis: First, it is one of the few providers in the space that is fully focused on the mid-market. Second, Onventis can support an organization's indirect, services and direct sourcing needs, which not all platforms can.

Also, consider that if source-to-contract is powered by a single, unified platform, its value only increases because the businesses using it can source faster to respond to disruptions, analyze data to identify trends early, monitor suppliers to conform to every changing compliance regulation, and manage electronic agreements when distances or time prevent physical ones.

So we would suggest that while the subject might seem old-hat, the slick-fashioned offerings of the new players that focus on the mid-market are certainly worth the time and effort to get to know better. For some companies, they may turn out to be the perfect providers.

Part 1 will cover the company background, a short solution overview, a SWOT analysis, a look at Onventis competitors and tech selection tips. Part 2 will focus on Onventis' S2C solution strengths/weaknesses, a deep dive into its solution capabilities and an analyst summary.

Onventis: Vendor Analysis (Part 2) — Upstream S2C Solution Strengths/Weaknesses, Solution Deep Dive, Analyst Summary

Onventis solution

The source-to-pay market aims for comprehensive coverage of all of an organization’s procurement spend. But in reality, all spend is not necessarily covered by every suite, and even the ones that span indirect, direct and services-based purchases can have blindspots. And beyond even spend scope, it’s even rarer that such opportunities are available to mid-size businesses, with the Global 2000 and Fortune 500 often winning out on comprehensive coverage.

Onventis is an S2P provider that resists both of these generalizations. It not only covers all three major types of spend but also is specifically designed (and priced) for middle-market organizations — although it certainly has the foundations to scale up to larger customers, as well. In the S2C segment specifically, we see this in capabilities such as BOM-based direct materials sourcing; a respectable and granular supplier network; and deep master data management configuration support.

Part 2 of this Spend Matters PRO Vendor Analysis provides details on the solution’s strengths and weaknesses as well as a deep dive into the S2C solution and an analyst summary. Part 1 included company background info, a SWOT analysis and a review of Onventis competitors. For coverage of Onventis’ P2P capabilities, PRO subscribers can expect a companion two-part series publishing in the weeks to come.