Spend Matters Releases Q2 SolutionMap Rankings and Heads Up On New Services

It’s now a year since Spend Matters launched SolutionMap, its quarterly procurement tech provider ranking and market analysis intelligence. SolutionMap tracks market developments and technology advancements and assesses solution providers and their capabilities based on deep-dive analysis and customer input. This intelligence is applied to individual organisations’ needs to help identify best-fit providers and solutions, and to give users up-to-date insight on market players, new entrants, market dynamics and technology movements

That’s what makes it quite different from other ‘matrix’-type approaches to vendor rankings, because the quarterly updates are customised to individual organisations’ interests -- you can see how intuitively and simply that works here.

Spend Matters analyst team have just released the Q2 2018 SolutionMap, ranking 40 procurement technology providers across nine different solution categories:

  • Source-to-Pay (S2P)
  • Contract Lifecycle Management (CLM)
  • E-procurement
  • Invoice-to-Pay (I2P)
  • Procure-to-Pay (P2P)
  • Sourcing
  • Spend and Procurement Analytics
  • Strategic Procurement Technologies combining Sourcing, Analytics, CLM, SRM
  • Supplier Relationship Management (SRM) and Risk

You can read an overview of that here, which is helpful to a certain level of analysis for anyone wading through the long list of providers to come to a decision on a solution purchase, or indeed for anyone wanting to keep abreast of the technology and services marketplace. But beyond the entry-level offering is a mine of other user intelligence for those who want to dig deeper into, for example, what’s behind the Provider Scoring Summary reports, rankings by buying ‘persona’ (see the homepage mentioned above), buying recommendations and considerations, quarterly updates to SolutionMap Summary Solution Scoring and SolutionMap results interpretation (Release Notes). All of this is accompanied by regular persona deep-dive articles. It all builds up into a historical digest that you can use for comparative examination.

Beyond that, there’s an option to get first-hand advice based on SolutionMap’s underlying data to help determine an organisation’s vision and technology selection processes. Then there’s guidance on identifying requirements and shortlist compilation, helping users to tailor RFIs and identify best-fit providers. This also gives detailed insight into provider SolutionMap performance that is not for general consumption. These programmes get follow-up check-ins from the Spend Matters team with end-to-end technology guidance, including advisory check-in calls to review the technology selection process at key milestones.

And further beyond that, specific SolutionMap benchmarking and strategy programmes are available for technology providers and M&A due diligence benchmarking and analysis services for corporate development and private equity teams engaged in analysis of target companies.

The deeper you dig, the more gems you can uncover. There are varying degrees of membership, and Spend Mattes is happy to discuss the one that suits your needs and your budget the best – so for further information you can contact them here.

 

 

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