SolutionMap E-Procurement Content

Spend Matters releases SolutionMap Spring 2021 rankings of 75 procurement technology solutions

Spend Matters has updated its free SolutionMap rankings for the Spring 2021 release, with more than half of vendors updating their customer reference data. SolutionMap now compares 75 procurement technology solutions across 13 categories, like Sourcing, AP Automation, Spend Analytics and Supplier Relationship Management & Risk.

SolutionMap is notable because of its depth of analyst assessments, quantity of real-life customer inputs and frequency of release (twice a year) to accurately reflect vendor updates at the speed of the market.

For this update, we’ve refreshed the customer scores as needed, but we paused the update to our analyst scores because we’re reworking our vast RFI.

Release note, SolutionMap Spring 2021: E-Procurement, Invoice-to-Pay and Procure-to-Pay

This Spend Matters SolutionMap Insider release note provides insight into the SolutionMap Spring 2021 release for three categories: E-Procurement, Invoice-to-Pay (I2P) and Procure-to-Pay (P2P). The note reviews the process that we follow and highlights what has changed since the last SolutionMap release.

The Spring 2021 SolutionMap resulted from a “condensed” update cycle containing only customer score updates, spurred by new or expiring references. Analyst scores were carried forward from the previous Fall 2020 rankings. This condensed cycle allowed time for our analysts to simplify and streamline a new RFI for the next cycle, Fall 2021 SolutionMap. The addition of new vendors and existing vendors’ expansion into new categories were also pushed to Fall 2021 to coincide with the rollout of the revamped RFI.

“Determine (Corcentric)” is now displayed as Corcentric Platform.

The E-Procurement, I2P and P2P customer reference set added 100 new individual customer references in Spring 2021. References from Q1 and Q2 2018 expired after 2½ years of use.

Get a first look at the Spring 2021 SolutionMap comparative quadrant graphics here.

SolutionMap Insider members: Learn more about each vendor by accessing the Provider Scoring Summary reports right here.

SolutionMap Fall 2020 launches, now ranking 77 procurement technology vendors

Grab a comfy sweater and a hot pumpkin spice latte (don’t judge): It’s time for the latest SolutionMap release.

With today’s launch of the free SolutionMap Fall 2020 release, Spend Matters’ analysts have assessed 77 procurement technology vendors, adding 12 providers since our Spring 2020 update.

SolutionMap, which began in 2017, has become the definitive procurement technology benchmark due to the depth of analyst assessments, quantity of real-life customer inputs and frequency of release (twice a year) to accurately reflect vendor capabilities and market developments.

Release note, SolutionMap Fall 2020: E-Procurement, Invoice-to-Pay and Procure-to-Pay

This Spend Matters SolutionMap Insider release note provides insight into the SolutionMap Fall 2020 release for three categories: E-Procurement, Invoice-to-Pay (I2P) and Procure-to-Pay (P2P). The note reviews the process that we follow and highlights what has changed since the last SolutionMap release.

This is the first Fall release since the start of semiannual SolutionMap cycles. Going forward, there will be two releases per year, Spring and Fall.

What’s new in the Fall 2020 E-Procurement, Invoice-to-Pay and Procure-to-Pay SolutionMap? 

Spend Matters updated the bubble size methodology of the SolutionMap rankings. The bubble size previously represented the number of customers served by a vendor. This method did not adequately convey a vendor's experience and resources to handle complex global deployments. As such, the new bubble size considers:

  • market scale based on the number of customers across the globe
  • number of full-time employees focused on the relevant solution(s)
  • revenue per customer in the relevant solution(s)

These factors were determined by the analyst team, and vendors were given the opportunity to validate the inputs.

Five new providers joined SolutionMap. AvidXchange, Corcentric Payables Automation (COR360) and Infor are now participating in the Invoice-to-Pay category. Uppler and VORTAL are now participating in the E-Procurement category.

Now merged, Medius (Wax Digital) includes E-Procurement, I2P and P2P.

Customer references now have a lifespan of two-and-a-half years.The E-Procurement, I2P and P2P customer reference set added 105 new individual customer references in Fall 2020.

Get a first look at the Fall 2020 SolutionMap comparative quadrant graphics here.

SolutionMap Insider members: Access the Provider Scoring Summary reports right here.

Release Notes: E-Procurement – Spring 2020

This Spend Matters SolutionMap Insider release note provides insight into the Spring/Q1 2020 SolutionMap release for three categories: E-Procurement, Invoice-to-Pay (I2P) and Procure-to-Pay (P2P). The note reviews the process that we follow and highlights what has changed since the last SolutionMap release.

Also, SolutionMap is shifting from quarterly updates to spring and fall updates. This is the last quarterly release and the first spring release, so you’ll see it labeled “Spring/Q1.”

What’s new in the Spring/Q1 2020 E-Procurement, Invoice-to-Pay and Procure-to-Pay SolutionMap?

One new provider joined SolutionMap: Xeeva is now participating in the E-Procurement category.

Wax Digital has changed its name to Wax Digital / Medius.

The E-Procurement, I2P and P2P customer reference set added 60 new individual customer references in Spring/Q1 2020.

Get a first look at the Spring/Q1 2020 SolutionMap comparative quadrant graphics here.

Insider members: Access the Provider Scoring Summary reports right here.

SolutionMap update for Spring/Q1 2020 ranks 69 procurement technology vendors and adds AP Automation category

Spend Matters today has updated its free SolutionMap benchmark rankings for the new Spring/Q1 2020 release. The latest SolutionMap compares 69 procurement technology providers across 13 categories — which includes a new ranking map for Accounts Payable (AP) Automation vendors.

Six providers are featured in the first AP Automation category, which reflects the growing importance that vendors are placing on payments.

SolutionMap began in 2017 and has become the definitive procurement technology benchmark. It will now be updated in the spring and fall instead of each quarter.

Click on the headline above to find out which vendors are in the new AP Automation category — and to learn about new vendors to SolutionMap.

SolutionMap: 59 procurement software companies ranked (Q4 2019 Update)

Spend Matters today released its Q4 2019 SolutionMap, ranking 59 procurement software companies across 12 solution categories, including E-Procurement, Sourcing, Spend Analytics, Supplier Relationship Management, Contract Lifecycle Management and Contingent Workforce & Services. Click on this article to see which new providers joined the rankings this quarter — and to see how to access the rankings for free!

Q4 2019 SolutionMap Release Notes: E-Procurement, Invoice-to-Pay and Procure-to-Pay

This Spend Matters SolutionMap Insider Release Note provides insight into the Q4 2019 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 E-Procurement, I2P and P2P customer reference set added 20 new individual customer references in Q4. There were no new providers added for Q4, although Jaggaer One (formerly Jaggaer Indirect) has successfully been scored against the new Q2 2019 RFI requirements for the first time.

*Get a first look at the Q4 SolutionMap comparative quadrant graphics here.

As Jaggaer has unified three of its product lines — Jaggaer Indirect, Jaggaer Direct and Jaggaer Advantage — into Jaggaer One, which allows customers and prospects to select the best modules from each offering to fit an organization’s unique needs, Spend Matters has broken out the naming convention for the Jaggaer offerings more specifically for Q4 2019 SolutionMap in the persona ranking graphics. This means that in the E-Procurement and Invoice-to-Pay category this quarter, the solution/product formerly known as Jaggaer Indirect is now listed as: Jaggaer eProcurement and Jaggaer Invoice-to-Pay.

Due to Jaggaer’s participation in both E-Procurement and Invoice-to-Pay, the provider also appears in the Procure-to-Pay Suite view, as Jaggaer Procure-to-Pay.

The Q4 2019 SolutionMap marks the first time Jaggaer solutions have been evaluated against Q2 2019 RFI requirements by the Spend Matters analyst team, and are able to again appear in this quarter’s editions of the Provider Scoring Summaries.

This SolutionMap Insider research note provides insight into these and additional changes in the Q4 2019 SolutionMap release.

(Insider members: Access the Q4 Provider Scoring Summary reports right here.)

Q3 2019 SolutionMap Release Notes: E-Procurement, Invoice-to-Pay and Procure-to-Pay

This Spend Matters SolutionMap Insider Release Note provides insight into the Q3 2019 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 E-Procurement, I2P and P2P customer reference set added 19 new individual customer references in Q3. There were no new providers added for Q3, although Zycus has successfully been scored against the new Q2 2019 RFI requirements for the first time.

As Jaggaer has unified three of its product lines — Jaggaer Indirect, Jaggaer Direct and Jaggaer Advantage — into Jaggaer One, which allows customers and prospects to select the best modules from each offering to fit an organization’s unique needs, Spend Matters has broken out the naming convention for the Jaggaer offerings more specifically for Q3 2019 SolutionMap in the persona ranking graphics. This means that in the E-Procurement category this quarter, the solution/product formerly known as Jaggaer Indirect is now listed as: Jaggaer eProcurement.

Please note: as none of the Jaggaer product lines have yet been evaluated against Q2 2019 RFI requirements by the Spend Matters analyst team, they are not able to appear in this quarter’s editions of the Provider Scoring Summaries. Please refer to the Q1 editions for their latest scoring.

Most of the providers participating in the Q3 2019 SolutionMap release for E-Procurement, I2P and P2P will fully update their RFIs in next quarter’s cycle (Q4 2019) and receive updated scoring following the submission and demonstration of new and updated capabilities based on production releases of their platform. (Non-GA capabilities are not considered in SolutionMap scoring.)

This SolutionMap Insider research note provides insight into these and additional changes in the Q3 2019 SolutionMap release.

(SolutionMap Insider members: access the Q3 Provider Scoring Summary reports right here.)

Q2 2019 SolutionMap: E-Procurement, Invoice-to-Pay, Procure-to-Pay Provider Scoring Summary reports now available

As part of the Q2 2019 SolutionMap release, the E-Procurement, Invoice-to-Pay and Procure-to-Pay Provider Scoring Summary reports are available today on SolutionMap Insider.

Q2 2019 SolutionMap Release Notes: E-Procurement, Invoice-to-Pay and Procure-to-Pay

This Spend Matters SolutionMap Insider Release Note provides insight into the Q2 2019 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 2019 SolutionMap features the release of a new and improved RFI to providers, including new scoring scales resulting in important changes. The E-Procurement, I2P and P2P customer reference set added 73 new individual customer references in Q2. Just one new provider was added for Q2 — Procurify for E-Procurement.

Most of the providers participating in the Q2 2019 SolutionMap release for E-Procurement, I2P and P2P have updated their RFIs and received updated scoring following the submission and demonstration of new and updated capabilities based on production releases of their platform, including Basware, Coupa and Ivalua. (Non-GA capabilities are not considered in SolutionMap scoring.) A handful of other providers did not update their scoring in Q2 2019.

This SolutionMap Insider research note provides insight into these and additional changes in the Q2 2019 SolutionMap release.