CARMEL, Ind., Aug. 17, 2017 (GLOBE NEWSWIRE) -- Determine, Inc. (NASDAQ:DTRM), the pioneering leader in global Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) Cloud Platform solutions, announced today that the Determine Cloud Platform was included in four categories across the newest Gartner report, Hype Cycle for Procurement and Sourcing Solutions, 2017.
Gartner’s Hype Cycle for Procurement and Sourcing Solutions can be a go-to report for sourcing, procurement and supply chain leaders eager to understand the maturity and benefit ratings of leading technology solutions available to help prioritize investments correctly.
“Determine is shaping the future of cloud platform-based source-to-pay and contract management and organizations of all sizes can turn to the Gartner Hype Cycle for Procurement and Sourcing Solutions in order to find companies that may fit their needs. We believe to be included is a testament to our innovation and continuing focus on customer-centered product development; we also believe to be cited four times in Adolescent and Early Mainstream categories, including two with High Benefit Ratings, is proof positive that we are strongly on the right growth curve.”
— Patrick Stakenas, President and CEO, Determine, Inc.
As the Gartner report states, “Consolidation toward broader suites in the procurement and sourcing technology market is continuing. This consolidation is being driven by vendors needing a bigger market opportunity, and by increased requirements from buying organizations to integrate end-to-end procurement processes.” This fact is helping drive the growth in collaborative platforms like the Determine Cloud Platform that seamlessly integrate people, processes and data across the wider source-to-pay (S2P) continuum. Determine was named in the following categories:
Project P2P Solutions: P2P project solutions provide outstanding levels of process efficiency and effectiveness, along with much faster implementation. This workstream-related functionality features such unique capabilities as the ability to manage project budgets, project templates to identify standard associated purchases, dynamic workflows that support project spending, and many others. Project P2P Solutions are ideal for verticals such as retail, entertainment, higher education, technology services and construction, all industries in which Determine has a pertinent customer base.
Source-to-Settle Solutions: With a modular solution approach built on the natively developed Determine Cloud Platform, Determine’s focus on “best of breed” capabilities that share a unified data model, and integrates dynamic workflows through Business Process Management. Organizations with complex spend challenges across multiple work streams, including services spend, are currently using multiple solutions on the Determine Cloud Platform to simplify complexity, from sourcing, contracting to P2P to specific feature areas like compliance management, time card management, budgeting, inventory management and beyond.
Procure to Pay Suites: Determine’s procure-to-pay offers end-to-end modular configurability that simplifies the entire process from catalog to payment. Determine’s P2P is highly configurable, due in part to its platform as a service (PaaS) that enables seamless budget, financial management and contract integration. This strengthens procurement organizations’ ability to achieve and realize savings and spend targets.
Contract Lifecycle Management: Part of the Determine Cloud Platform, Determine’s CLM shares the same verified single source of data that integrates with all other modular solutions to optimize spend, risk and supplier management. Determine Contract Management also focuses on a wider user base that provides self-service and wizard driven features that increases ROI utility of contract management by expanding usage beyond user traditional silos of legal or contract administrators in the past.
“The Gartner Hype Cycle for Procurement and Sourcing Solutions can be an important resource for those companies reviewing their technology needs. Unlike other reports, which offer a snapshot freeze-frame of what’s happening in a given moment, the Hype Cycle shows trending information. Companies are seeking a balance between wanting immediate advantages and results, but also having long-term flexibility for growth. We believe being listed in four categories, the Determine Cloud Platform is obviously delivering the best of both worlds.”
— Constantine Limberakis, Vice President of Product Marketing, Determine, Inc.
Disclaimer:
Gartner does not endorse any vendor; product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
For more information about Gartner, please email info@gartner.com or visit gartner.com.
Supporting Resources
Determine blog
Determine on LinkedIn
Determine on Twitter
Determine Resources
About Determine, Inc.
Determine, Inc. (NASDAQ:DTRM) is a leading global provider of SaaS Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) solutions. The Determine Cloud Platform provides procurement, legal and finance professionals analytics of their supplier, contract and financial performance. Our technologies empower customers to drive new revenue, identify savings, improve compliance and mitigate risk.
The Determine Cloud Platform seamlessly integrates with major ERP or third-party systems such as SAP, Oracle, Sage, QAD and Microsoft. Modular solutions can be configured to add more as needed to provide additional value beyond spend management. Our unified master database and business process approach empower users at every level to make more informed and smarter decisions.
For more information, please visit: www.determine.com.