CHICAGO, Oct. 17, 2017 (GLOBE NEWSWIRE) -- Spend Matters has released its Strategic Procurement Technologies SolutionMap rankings today offering deep, tailored and current assessments of Sourcing, Spend and Procurement Analytics, Supplier Relationship Management and Risk, Contract Lifecycle Management and Strategic Procurement Suite solution providers’ capabilities.
“We set out to develop a useful approach to ranking solution providers by process competency for procurement executives to better understand market developments. Reflecting customer experiences and technological innovation across the myriad of solutions, SolutionMap is the culmination of our efforts,” said Jason Busch, Founder of Spend Matters and Lead Solution Analyst.
Each SolutionMap…
...Comparatively ranks procurement and supply chain technology providers
…Comprises equal parts customer and analyst input
...Reflects different organizational needs through ‘buying personas’
…Gets updated quarterly to show market developments
SolutionMap helps procurement executives stay on top of technology advancements and understand how they can work to streamline the function based on their buying organization’s needs.
“No two procurement organizations are the same, and often selecting the right solution provider doesn’t come down to technological capability alone,” said Busch. “That’s why SolutionMap rankings are based equally on demonstrated technology/solution capability and input from real-life customers.”
Rankings are based on a set of weighted requirements by buying personas, reflecting different organizational needs tied to the unique value propositions served by a solution provider.
Today also marks the update of eProcurement, Invoice-to-Pay (I2P) and Procure-to-Pay (P2P) SolutionMap rankings. These were first launched in April of 2017.
Once a SolutionMap is launched, the Spend Matters’ analyst team issues quarterly updates to actively reflect market developments and to add newly participating providers.
SolutionMap is freely accessible and easy to navigate. Visit https://SpendMatters.com/SolutionMap to review the Q4 rankings and learn more about the methodology.
About Spend Matters
Spend Matters is the leading global procurement media, analyst and research brand. Combining daily news coverage with subscription research, deep technology analysis, and one-to-one advisory services, Spend Matters provides meaningful insight and tailored solutions for procurement organizations, consultants, investors and solution providers. Spend Matters is owned and managed by Azul Partners, Inc., one of the largest independent B2B digital media publishers.
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