Procurify: Vendor Snapshot (Part 1) — Background and Solution Overview [PRO]

procurement

Procurify, a Canadian procure-to-pay (P2P) provider with a presence in 70 countries, is capturing a market not typically well-served by other vendors: small and medium-sized businesses that need e-procurement. While there are certainly many choices of e-procurement and P2P providers today, as Spend Matters’ E-Procurement and Procure-to-Pay SolutionMaps illustrate, there are few remaining choices that have not been acquired by a larger firm or that are tailored to the needs of SMBs. Such a solution would fall under the category of SolutionMap’s Nimble persona, and Procurify’s relative strengths in e-procurement, complemented by baseline AP automation functionality, such as invoice approval and traditional three-way matching, position it as perhaps an ideal match for this market need, as clients like Asana, Planet Fitness, Reliance Oilfield Services and Element Biosciences can attest.

This Spend Matters PRO Vendor Snapshot offers an introduction to Procurify, providing facts and expert analysis to help organizations make informed decisions about whether they should add this P2P provider to their shortlists. Part 1 of our analysis offers a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Procurify. The remaining parts of this research brief will cover product strengths and weaknesses, competitor and SWOT analyses, and insider evaluation and selection considerations.

Zycus Horizon (Part 2) – How Zycus Fits Into the Heineken Landscape  

In Part 1 yesterday of our account from the Zycus Horizon event in Budapest last week, we talked about the Zycus success journey and learnt about some of their latest developments. Today, let’s take a look at the firm from a customer perspective. We heard from Heineken’s Ruth Bromley, Director of Procurement Development & Operations about their procurement transformation journey. It was an impressive two years from when it was first discussed as an idea to when they went live, with the right people in the right locations with the right processes and technology. Of a team of 900 procurement personnel, 160 of them were in centralised roles. Very much central to their success was creating a ‘community’ for this transformation project, a community of people from all relevant functions in the business across the global Heineken regions, with the key emphasis that the transformation was delivered by the community, [...]