HICX Content

HICX Solutions: Supplier Management Meets Master Data (Part 2) [PRO]

Supplier onboarding and registration isn’t always as simple as it seems. Companies can take several routes based on open and closed registration processes. In this area, we were pleased to see that HICX has adopted the open funnel approach – meaning that vendors can self-register (aka walk-in or cold-call) or be invited, and then follow the path toward providing more and more detailed information about themselves. The process has dynamic aspects (cascading questions with decision logic) and category code specific questions sets (a la RFI) that are automatically provided to suppliers that flag themselves as capable in any given area. These may seem like small features perhaps, but when a solution is aimed at all your suppliers and not just meant to manage the core strategic subset, they can make all the difference between a system that is a compromise versus not.

HICX Solutions: Supplier Management Meets Master Data (Part 1) [PRO]

There are several supplier lifecycle management solutions on the market, but few have taken an approach that combines capabilities in the areas of supplier management, master data management and extended supply chain visibility. HICX Solutions (“HICX”), which is incorporated and headquartered in London, is one such provider. Founded in 2004 and privately held, HICX is owned in part by the two founders: the CEO, Konstantinos Xyloyiannis and the COO/CTO, Hassan Ismail. The company is not venture backed and has not invested material sums in marketing over the years (which is likely why, if you’re reading this, you’re not overly familiar with them).