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SolutionMap: 54 Procurement Software Companies, Ranked (Q3 2018 Update)

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Spend Matters today released its Q3 2018 SolutionMap, ranking 54 procurement software companies across 12 different solution categories, including E-Procurement, Sourcing, Spend Analytics, Supplier Relationship Management and Contract Lifecycle Management — in addition to the first-ever release of the Contingent Workforce & Services SolutionMap. Click on this article to see how to access rankings for free!

Q3 2018 E-Procurement: Provider Scoring Summary

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This SolutionMap analyzes a select group of E-Procurement solution providers. It is part of our Q3 2018 SolutionMap report series, also featuring Spend Analytics, Sourcing, Supplier Management, Contract Management and Invoice-to-Pay providers. Our Q3 release also features SolutionMap for Procure-to-Pay and Strategic Procurement Technology suites.

Q3 2018 SolutionMap E-Procurement, Invoice-to-Pay and Procure-to-Pay Release Notes

This Spend Matters SolutionMap Insider Release Note provides insight into the Q3 2018 SolutionMap release for E-Procurement, Invoice-to-Pay (I2P) and Procure-to-Pay (P2P), reviewing the process that we follow and highlighting what has changed since the last release.

The Q3 2018 SolutionMap release saw a number of changes from the Q2 2018 release. This includes the addition of the following new providers: ProProcure (ePRO), BirchStreet (ePRO, and a new appearance in I2P) and Jaggaer Direct (previously Pool4Tool in Q2 2017). Additionally, a number of providers have received updated scoring based on the submission and demonstration of new production technology release capabilities. In addition, the Procure-to-Pay customer reference set added 36 new individual customer references in Q3.

This SolutionMap Insider research note provides insight into these and additional changes in the Q3 2018 SolutionMap release.

Ultimate E-Procurement Ninja Warrior: Coupa vs. Ivalua vs. SAP Ariba (Q3 2018 E-Procurement SolutionMap ‘Battle of the Best’)

Our ongoing Head-to-Head comparison series has been immensely popular with members of our new SolutionMap Insider subscription service. But for Q3 2018 SolutionMap results, which have not yet published, we thought it would be fun to shake things up a bit. With functional scoring for e-procurement software vendors now finalized for the quarter (and due out in September), the Spend Matters analyst team thought we’d tweak the Head-to-Head format to create a “Battle of the Best,” pitting the highest-ranked vendors in a given procurement software category against each other.

But unlike last week, when SAP Ariba and Ivalua faced off in the supplier management ring, we’re not talking about just two vendors. Today we’re adding a third company to the mix. In this SolutionMap Insider research brief, we pit against each other the three top-ranked e-procurement functional providers for Q3 2018: Coupa, Ivalua and SAP Ariba.

That’s right. Ivalua is the new sheriff in town, and it ties at least one of the other two in the functional rankings. But how does Ivalua stack up overall in this new e-procurement company?

In certain categories within our functional requirements for e-procurement — including catalog management, shopping and requisitioning, ordering, receiving, supplier network, configurability, technology, general services and overall average score — Coupa or SAP Ariba either come out on top or tie each other. But in two areas, Ivalua sneaks in a stealthy blow, besting the better-known e-procurement leaders.

And overall, it’s incredibly close. But one vendor gets the nod, taking the prize as the last procurement software company standing in this three-vendor ultimate ninja battle. Take note, however, that the right solution will vary based on different initiative and organizational requirements, as well as how much “heavy lifting” a procurement or finance organization wants to take on to enable different e-procurement scenarios.

Still, there’s no debate that e-procurement selection processes will reward procurement organizations that tailor vendor selection to their specific needs and even specific initiative requirements in cases where e-procurement will not be at the core of a suite-based selection.

GEP: What Makes It Great (E-Procurement SolutionMap Analysis)

While not as well known some vendors for its e-procurement capability, GEP delivers a standalone cloud-based software platform, SMART by GEP, that holds its own in a highly competitive field. Based on both its Solution and Customer Value scoring in the Q2 2018 E-Procurement SolutionMap, GEP is a recommended fit for all five e-procurement personas. The unified processes offered by the GEP platform underpin one of the best order management capabilities in our benchmark, as well as the integration and visualization of information across the procurement, sourcing and supplier management lifecycles.

In the e-procurement market, GEP differentiates itself in a number of functional areas. As the Q2 2018 E-Procurement SolutionMap illustrates, GEP delivers above-the-benchmark functional capability in approximately 50 individual e-procurement requirements. Its SolutionMap performance provides compelling evidence that the provider is a must-shortlist candidate for all e-procurement buying scenarios.

“What Makes It Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider subscribers. Based on both our rigorous evaluation process and customer reference reviews, each brief offers quick facts on the provider, describes where it excels, provides hard data on where it beats the SolutionMap benchmark and concludes with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.

Jaggaer Indirect: What Makes It Great (E-Procurement SolutionMap Analysis)

Jaggaer Indirect (Jaggaer) occupies a unique position in the procurement software market. Not only is it the only independent source-to-pay suite vendor with proven use cases for all solution areas, it also has a track record of competing across multiple, highly specialized market segments with targeted offerings. Jaggaer’s deep vertical expertise and specialized capability extends to the life sciences, higher education research, manufacturing and public sectors, but the provider also brings non-industry-specific capabilities that allow it to compete more broadly.

In the e-procurement market, Jaggaer differentiates itself in a number of functional areas. As the Spend Matters Q2 2018 E-Procurement SolutionMap illustrates, Jaggaer delivers above-the-benchmark functional capability across over 50 individual e-procurement requirements. Its SolutionMap performance provides compelling evidence that the provider is a must-shortlist candidate for all e-procurement buying scenarios.

“What Makes It Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider subscribers. Based on both our rigorous evaluation process and customer reference reviews, each brief offers quick facts on the provider, describes where it excels, provides hard data on where it beats the SolutionMap benchmark and concludes with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.

Aquiire: What Makes it Great (E-Procurement SolutionMap Analysis)

We admit it. Despite the cleverness of the brand, Aquiire is a name that none of Spend Matters team members can spell right on the first try (nor on the second or third). But the e-procurement vendor stands out for more than having the only pun within its name and reminding us about how badly we are at spelling. It’s one of the only tech providers in the procurement sector that comes to mind which has successfully graduated from product/process enabler to a core solution in and of itself — one built off the plumbing of a unique, patented extended catalog management capability that addresses many of the real world limitations of managing spend beyond what’s contained within buyer or supplier hosted catalogs.

But this is only one of the things that makes Aquiire stand out from the procure-to-pay pack. Join us in this SolutionMap Insider analysis as we explore and unpack the nuances of what makes Aquiire great.

Nearly all technology providers participating in SolutionMap aren’t perfect (i.e., in analyst speak, “up and to the right”) for every business scenario. Even if a vendor has outstanding capability in certain areas — functionality, services or something else that helps it win business — to perform consistently above the functional and customer benchmark is a rarity. But there are reasons that specialist providers in different markets beat the big names in how they support specific organizational needs.

“What Makes it Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider Subscribers, exploring what makes these specialized (and in certain cases not-so-specialized) technology providers great for reasons that a simple graphic would fail to capture. Based on the rigorous SolutionMap evaluation process, customer reference reviews and expert eye from looking at products comparatively during demonstrations, the “What Makes it Great” series takes a fact-based approach to surfacing what makes individual vendors great.

In each research brief we translate each provider’s geek-level secret sauce into plain English and show precisely where the provider excels and where it convincingly “beats the benchmark” in SolutionMap. And we offer up a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider the vendor, along with basic facts to size ‘em up quickly.

OpusCapita: What Makes it Great (E-Procurement SolutionMap Analysis)

OpusCapita is somewhat of a novelty in North America — and is only selectively known at the level of SAP Ariba, Coupa or Basware in parts of Europe. That’s a shame, as OpusCapita could very well be the perfect technology fit for many procurement and finance organizations that do not even know about it. Spend Matters comparatively tore into OpusCapita’s e-procurement and procure-to-pay capability as part of our Q2 2018 SolutionMap benchmark and discovered what makes the provider great.

Nearly all technology providers participating in SolutionMap aren’t perfect (i.e., in analyst speak, “up and to the right”) for every business scenario. Even if a vendor has outstanding capability in certain areas — functionality, services or something else that helps it win business — to perform consistently above the functional and customer benchmark is a rarity. But there are reasons that specialist providers in different markets beat the big names in how they support specific organizational needs. 

“What Makes it Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider Subscribers, exploring what makes these specialized (and in certain cases not-so-specialized) technology providers great for reasons that a simple graphic would fail to capture. Based on the rigorous SolutionMap evaluation process, customer reference reviews and expert eye from looking at products comparatively during demonstrations, the “What Makes it Great” series takes a fact-based approach to surfacing what makes individual vendors great.

In each research brief we translate each provider’s geek-level secret sauce into plain English and show precisely where the provider excels and where it convincingly “beats the benchmark” in SolutionMap. And we offer up a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider the vendor, along with basic facts to size ‘em up quickly.

Q2 2018 E-Procurement: Provider Scoring Summary

This SolutionMap analyzes a select group of E-Procurement solution providers. It is part of our Q2 2018 SolutionMap report series, also featuring Spend Analytics, Sourcing, Supplier Management, Contract Management and Invoice-to-Pay providers. Our Q2 release also features SolutionMap for Procure-to-Pay and Strategic Procurement Technology suites.

Q2 2018 SolutionMap E-Procurement, Invoice-to-Pay and Procure-to-Pay Release Notes

This Spend Matters SolutionMap Insider Release Note provides insight into the Q2 2018 SolutionMap release for E-Procurement, Invoice-to-Pay (I2P) and Procure-to-Pay (P2P), reviewing the process that we follow and highlighting what has changed since the last release.

The Q2 2018 SolutionMap release saw a number of changes from the Q1 2018 release. This includes the addition of the following new providers: SynerTrade and Jaggaer Indirect. Additionally, a number of providers have received updated scoring based on the submission and demonstration of new production technology release capabilities. In addition, the Procure-to-Pay customer reference set grew by over 50 individual customer references in Q2.

This SolutionMap Insider research note provides insight into these and additional changes in the Q2 2018 SolutionMap release.

Ivalua vs. SAP Ariba: E-Procurement Head-to-Head Technology Evaluation and Comparison

Few procurement organizations evaluate Ivalua only from an e-procurement angle. Most prospective customers are looking for integrated suite capabilities that the uber configurable and increasingly industry-specific procurement provider can bring. Moreover, Ivalua has unfortunately remained somewhat of a “best kept” secret in the procurement tech community, especially in the procure-to-pay (P2P) area, owing in part to the double-whammy negative combination of less brand awareness than others like Coupa as well as having a smaller systems integrator community to recommend it (although it has a long standing and close relationship with KMPG).

Yet overall Ivalua does very well in the Spend Matters SolutionMap. As of Q2 2018 Ivalua delivers the highest ranked source-to-pay suite on a functional basis (across spend analytics, sourcing, contract management, supplier management and procure-to-pay). But how does Ivalua stack up to the biggies like SAP Ariba in e-procurement specifically? Curious? So were we.

Join us as we put Ivalua’s e-procurement capabilities to the test against SAP Ariba. Today, we offer a preview of the Q2 dataset (also see the Q1 2018 E-Procurement SolutionMap) and pit Ivalua head-to-head against SAP Ariba. These recurring columns share insights from each quarterly SolutionMap report for SolutionMap Insider Subscribers, providing unique comparative cuts of SolutionMap benchmark data, along with the trademark quips that have defined Spend Matters analysis since its inception.

So prepare for some real data and expect at least a modicum of salty opinion. Here’s a preview: across certain e-procurement functional requirements — which span catalog management, shopping/requisitioning, ordering, receiving, supplier network, configurability, technology (overall), general services and a summary e-procurement average — SAP Ariba, not surprisingly, comes out on top. But Ivalua more than holds its own in most areas and convincingly wins in one.

But real world procurement technology decisions are more complex that just module-by-module comparisons and geeking out over functional battles between two finalists across sets of hundreds of requirements. And this is where customers will likely gravitate to one solution over the other. So join us as we explore how each provider stacks up on a direct competitive basis and share our perspectives on which is likely a better fit in real-world circumstances.

The Q2 2018 E-Procurement SolutionMap benchmark is now based on an underlying dataset featuring 21 separate providers, including all of the “biggies” procurement organizations can expect to consider in a typical selection process. Whether you’re in the market for a new e-procurement product or want to know if you made the right decision for your organization, our SolutionMap analysis and benchmark data can tell you the answer. Curious to learn more? Don’t hesitate to get in touch.

Jaggaer Indirect vs. Coupa: E-Procurement Head-to-Head Technology Evaluation and Comparison (Q2 2018 Preview)

Following the Jaggaer name change, some folks may have forgotten about the tech provider’s deep roots in the e-procurement sector. And no, we’re not talking about some evil clown-esque 6-foot walking beaker — sorry, Questie, SciQuest’s former somewhat loveable mascot, was just creepy — who had some superpowers over laboratory P2P enablement alone. We’re talking about the depths of catalog management, supplier enablement and other elements of e-procurement that made the original SciQuest stand out from the original e-procurement pack, albeit with a focus on specific market segments at the time.

But how well does Jaggaer’s e-procurement capability differentiate itself in 2018 on an overall functional basis? We’re excited to feature Jaggaer’s e-procurement module (for the first time) in the Spend Matters Q2 2018 E-Procurement SolutionMap, publishing in the coming weeks. Today, we offer a preview of the Q2 2018 dataset (also see the Q1 2018 E-Procurement SolutionMap) and pit Jaggaer Indirect head-to-head against Coupa. These recurring columns share insights from each quarterly SolutionMap report for SolutionMap Insider Subscribers, providing unique comparative cuts of SolutionMap benchmark data, along with the trademark quips that have defined Spend Matters analysis since its inception.

So prepare for some real data and expect at least a modicum of salty opinion as we pit Jaggaer and Coupa head-to-head in the Spend Matters evaluation ring. Here’s a preview: In certain e-procurement capabilities — which span catalog management, shopping/requisitioning, ordering, receiving, supplier network, configurability, technology (overall), general services and a summary e-procurement average — Coupa convincingly dances on Questie’s grave.

But in others, the victor is not as cut and dried, and certain use cases illustrate when Jaggaer can be particularly attractive, especially when coupled to the vendor’s integrated suite value proposition in areas such as supplier information management (SIM) and contract management. Moreover, Jaggaer Indirect is one of the higher performing providers overall in the Q2 2018 E-Procurement SolutionMap and bests the majority of other SolutionMap participants in many of the functional areas in which Coupa comes out on top in a direct comparison.

The Q2 2018 E-Procurement SolutionMap benchmark is now based on an underlying dataset featuring 21 separate providers, including all of the “biggies” procurement organizations can expect to consider in a typical selection process. Whether you’re in the market for a new e-procurement product or want to know if you made the right decision for your organization, our SolutionMap analysis and benchmark data can tell you the answer. Curious to learn more? Don’t hesitate to get in touch.