2016 Almanac Content

POOL4TOOL: A Specialized Technology Solution for Industrial Procurement — Year-End Tech Review

manufacturing

This post is part of our 2016 Year-End Procurement Tech Review, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. This week, we’re highlighting companies in the sourcing (including e-sourcing) and supplier management spaces.

The market for direct materials-centric procurement technology is just beginning to take off in North America and the Middle East. Yet POOL4TOOL is one of only a handful of technology vendors developing specialized solutions for procurement manufacturing environments. The Vienna-based procurement solution provider has extensive experience working with manufacturers across the source-to-pay continuum in direct materials.

GEP: The Swiss Army Knife of Procurement Providers — Year-End Tech Review

This post is part of our 2016 Year-End Procurement Tech Review series, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. This week, we’re highlighting companies in the sourcing (including e-sourcing) and supplier management spaces.

GEP (formerly Global eProcure) is an integrated procurement solutions and services firm that offers managed services (including full BPO capabilities), transformation services (i.e., consulting) and its own internally developed source-to-pay (S2P) technology suite. The combination of these individual capabilities from a single provider, especially as they become increasingly synergistic, makes GEP truly standalone in the industry.

Keelvar: From Upstart to Tackling Large-Scale Sourcing Optimization — Year-End Tech Review

internet

This post is part of our 2016 Year-End Procurement Tech Review series, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. This week, we’re highlighting companies in the sourcing (including e-sourcing) and supplier management spaces.

Sourcing optimization solutions today have supported some of the largest and most complex sourcing events ever conducted. Yet overall, adoption has lagged the market for general-purpose e-sourcing tools and suites. Keelvar, a four-year-old firm that started as a spinout from a research lab at a university, is hoping to change this.

Analytics8 SpendView: A New, Affordable Spend Analysis Solution — Year-End Tech Review

analytics

This post is part of our 2016 Year-End Procurement Tech Review series, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. This week, we’re highlighting companies in the risk management and spend analytics spaces.

There’s a new spend analytics vendor in town: Analytics8. This company recently introduced its SpendView product, an offering designed to bring modern, easy-to-use spend analysis capability to any organization with more than $10 million in annual spend at a reasonable price tag, but with functionality that is sufficiently deep to satisfy many of the needs of larger procurement organizations with unique requirements.

Spend360: The Spend Analysis Classification Vendor to Beat — Year-End Tech Review

Analytics

This post is part of our 2016 Year-End Procurement Tech Review series, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. This week, we’re highlighting companies in the risk management and spend analytics spaces.

Although Spend360 is a relatively new entrant to the spend analytics solution space in North America, the company is well established in Europe. The firm commenced operations in 2011, and its founders have worked at previous start-ups in the sector. The founding team’s experience is apparent in Spend360’s spend analytics technology, as well as its ability to commercialize its capabilities. Beyond simply enabling the visualization of spending and related supply data, Spend360’s solution sets itself apart from the competition with its emphasis on classification through machine learning.

riskmethods: A Unique Risk Management Solution for Manufacturers — Year-End Tech Review

risk

This post is part of our 2016 Year-End Procurement Tech Review series, in which we offer procurement practitioners a bird’s-eye view of key vendors and their solutions in select categories. This week, we’re highlighting companies in the risk management and spend analytics spaces.

Riskmethods, which Spend Matters estimates is the fastest-growing supply chain risk management provider, is more than just a cloud-based provider of supply chain risk management software. It is a new type of supply chain intelligence utility. While the provider is still too small to have a solution that is “going viral,” its growth rate is significant relative to all other vendors in the sector and also a bright spot on the broader procurement and supply chain technology market.

Claritum: How a P2P Specialist Tackles Unmanaged Spend — Year-End Tech Review

funding

Claritum launched in 2002 with an initial focus on supporting transactional procurement needs for print and marketing services. Today, the company delivers a cloud-based P2P solution that also includes tactical sourcing capability. The provider counts more than 150,000 users in 35 countries across dozens of customers. Here's why we think procurement practitioners should keep an eye on them.

Eved: Getting Event Spend Under Control — Year-End Tech Review

Eved

Eved, which provides what amounts to a highly specialized source-to-pay (S2P) — with an emphasis on “pay” — suite, is bringing a closed loop supply management approach to events and conference spend in a manner that has not been done before.

SynerTrade: Fighting for its Share — Year-End Tech Review

Sourcing suites are continuing to play a more dominant role in procurement technology, and the choice and diversity of providers to choose from continues to increase globally. SynerTrade, a source-to-pay (S2P) suite provider with a strong customer foundation in Europe, is one of more than a dozen S2P solutions now fighting for share in the North American market (and beyond).

Determine: Re-Platforming for the S2P Future — Year-End Tech Review

Determine Inc.

Determine, a procurement suite technology vendor that is in the process of releasing a re-platformed solution (incorporating Selectica, b-pack and Iasta) onto a single code base and stack, has done a remarkable amount to bring multiple solutions together in a unified platform in a limited development timeframe. Procure to pay (P2P), contract lifecycle management (CLM) and supplier management (with limited sourcing) are fully available on a single platform today. By the end of 2016, Spend Matters analysis suggests that the new platform will have sufficient basic sourcing capability included, which will continue to be enhanced in 2017.

Vendor Intelligence for Modern Procurement: Spend Matters Almanac 2.0 is Here

Spend Matters 50/50

In case you missed it, the Spend Matters Almanac recently received a significant reboot and now features more tools than ever for procurement practitioners in any organization to explore, learn about and connect with solution providers in this space. More than just a Google search result, the Spend Matters Almanac is vendor research combined with Spend Matters coverage, insight from our analysts and contact information for a who's who in procurement.

Spend Matters 50/50: Why Good Things Come in Threes

Spend Matters 50/50

If you’ve pored over the trends behind the 50 Providers to Watch and 50 Providers to Know lists over the past three years — as we have in recent weeks — then you may be asking yourself some interesting questions. Here’s one that got us thinking.