We announced here and here our two (not ranked) lists: Spend Matters 50 To Know and 50 To Watch firms for 2015/2016. In the first case, this is our view of the 50 solution provider type organisations in the procurement industry that every senior procurement leader should be aware of and understand. The 50 To Watch are the up-and-coming firms - those with interesting and relatively new solutions for our market. The 50 To Know are the key organisations in our industry that procurement executives need to have on their radar.
Having announced the lists, our US colleagues are now featuring each of the 100 firms in turn with an article giving an overview of each, with some headline Spend Matters thoughts on them. So on this site we will be giving you a brief extract of the US article, plus adding our own comments where we have anything useful to add from a European perspective. Sometimes we do, sometimes we don’t!
Here is what our US colleagues had to say about Vortal:
"Vortal is a Portuguese software firm specializing almost entirely in the public sector ... Portugal was one of the first countries to mandate government bodies to use e-sourcing in Europe, which gave the firm a good base to grow its domestic business and then use that as a platform for expansion. It now has individual clients in a number of European countries, including Spain and Germany, and have won significant “national” contracts with the governments of Columbia and the Czech Republic.
While its product set is probably strongest around the sourcing process, the firm covers the full range of source-to-pay (S2P) activity ... Vortal has another angle because the platform also creates and utilizes supplier networks. Most e-sourcing platforms (certainly in the public sector) don't retain data about suppliers from any particular sourcing exercise ... Vortal also provides services to suppliers in its network, using the data it collects via its platform to support information and education services to firms within that network and indeed others. That is not something we see often".
There's more on what our US colleagues have to say on Vortal here. As the paragraphs above suggest, the firm has European roots and is strong in Iberia, Germany and parts of Eastern Europe, as well as having business in Latin America too. Unlike most source to pay providers, their focus has been very much the public sector, so the platform is designed to be compliant with all EU and national procurement regulations, making it a strong player in that market across the Continent and indeed beyond.