End-of-Year Procurement Tech Reviews from Spend Matters US

Our colleagues at Spend Matters US are a couple of weeks into an excellent and informative series of year-end tech reviews. The are looking at leading firms in our industry, from giants like BravoSolution to some of the more up-and-coming providers.

Now Spend Matters goes into a huge amount of detail in terms of solution providers as part of our PRO subscription product, which for a couple of $K a year will give you more than you could ever want to know about the world of procurement tech. But these year-end summaries are very concise, yet contain real wisdom and great advice in terms of the firms covered here.

In the series, as the US site explains, 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".

So we've had features on firms including Scout RFP, HICX and BravoSolution in the past few days as the team focuses on those areas. Each contains an introduction, a list of key facts about the firm, and then a background and overview - this is just an excerpt from one of those.

"The Scout RFP platform brings a set of integrated e-sourcing modules that can be enabled or disabled as necessary. The solution emphasizes simplicity and collaboration, with the goal being that users can be up and running with little or no training. It allows for integrated Slack-like team collaboration and features an API for data pull/push between other procurement (related) applications and Salesforce. Training is embedded through integrated walkthroughs and pop-ups, and the implementation time can be as little as a few hours".

We then get a list of competitors to the firm in question, and a commentary and summary to wrap it up - like this extract:

Fortunately, the 2017 BravoAdvantage product roadmap we have seen suggests that the upstream suite area is one where we can expect to see continued innovation. This includes industry-specific investments in manufacturing areas, such as supplier quality and design engineering integration, despite the potential distraction from also rolling out integrated procure-to-pay capabilities.

All in all, it really is a most valuable 1000 words or so. Do take a look through the recent articles and update yourself with the key players in our technology market.

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