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SolutionMap Fall 2020 launches, now ranking 77 procurement technology vendors

Grab a comfy sweater and a hot pumpkin spice latte (don’t judge): It’s time for the latest SolutionMap release.

With today’s launch of the free SolutionMap Fall 2020 release, Spend Matters’ analysts have assessed 77 procurement technology vendors, adding 12 providers since our Spring 2020 update.

SolutionMap, which began in 2017, has become the definitive procurement technology benchmark due to the depth of analyst assessments, quantity of real-life customer inputs and frequency of release (twice a year) to accurately reflect vendor capabilities and market developments.

Fall 2020 Invoice-to-Pay (I2P): Provider Scoring Summary

Fall 2020 SolutionMap I2P provider scoring summary

This SolutionMap scoring summary analyzes a select group of invoice-to-pay solution providers. It is part of our Fall 2020 SolutionMap report series, also featuring spend analytics, sourcing, supplier management, contract management and e-procurement providers. Our spring release also features a SolutionMap for procure-to-pay and strategic procurement technology suites.

Release note, SolutionMap Fall 2020: E-Procurement, Invoice-to-Pay and Procure-to-Pay

This Spend Matters SolutionMap Insider release note provides insight into the SolutionMap Fall 2020 release for three categories: E-Procurement, Invoice-to-Pay (I2P) and Procure-to-Pay (P2P). The note reviews the process that we follow and highlights what has changed since the last SolutionMap release.

This is the first Fall release since the start of semiannual SolutionMap cycles. Going forward, there will be two releases per year, Spring and Fall.

What’s new in the Fall 2020 E-Procurement, Invoice-to-Pay and Procure-to-Pay SolutionMap? 

Spend Matters updated the bubble size methodology of the SolutionMap rankings. The bubble size previously represented the number of customers served by a vendor. This method did not adequately convey a vendor's experience and resources to handle complex global deployments. As such, the new bubble size considers:

  • market scale based on the number of customers across the globe
  • number of full-time employees focused on the relevant solution(s)
  • revenue per customer in the relevant solution(s)

These factors were determined by the analyst team, and vendors were given the opportunity to validate the inputs.

Five new providers joined SolutionMap. AvidXchange, Corcentric Payables Automation (COR360) and Infor are now participating in the Invoice-to-Pay category. Uppler and VORTAL are now participating in the E-Procurement category.

Now merged, Medius (Wax Digital) includes E-Procurement, I2P and P2P.

Customer references now have a lifespan of two-and-a-half years.The E-Procurement, I2P and P2P customer reference set added 105 new individual customer references in Fall 2020.

Get a first look at the Fall 2020 SolutionMap comparative quadrant graphics here.

SolutionMap Insider members: Access the Provider Scoring Summary reports right here.

Ranking Graphics: E-Procurement, I2P and P2P – Fall 2020

Spend Matters - Free SolutionMap Download

This report contains the latest update of the E-Procurement, Invoice-to-Pay and Procure-to-Pay SolutionMap, a comparative analysis of e-procurement, invoice-to-pay and procure-to-pay suite technology solution providers for Fall 2020.

Spring 2020 Invoice-to-Pay (I2P): Provider Scoring Summary

This SolutionMap scoring summary analyzes a select group of invoice-to-pay solution providers. It is part of our Spring 2020 SolutionMap report series, also featuring spend analytics, sourcing, supplier management, contract management and e-procurement providers. Our spring release also features a SolutionMap for procure-to-pay and strategic procurement technology suites.

Release Notes: E-Procurement – Spring 2020

This Spend Matters SolutionMap Insider release note provides insight into the Spring/Q1 2020 SolutionMap release for three categories: E-Procurement, Invoice-to-Pay (I2P) and Procure-to-Pay (P2P). The note reviews the process that we follow and highlights what has changed since the last SolutionMap release.

Also, SolutionMap is shifting from quarterly updates to spring and fall updates. This is the last quarterly release and the first spring release, so you’ll see it labeled “Spring/Q1.”

What’s new in the Spring/Q1 2020 E-Procurement, Invoice-to-Pay and Procure-to-Pay SolutionMap?

One new provider joined SolutionMap: Xeeva is now participating in the E-Procurement category.

Wax Digital has changed its name to Wax Digital / Medius.

The E-Procurement, I2P and P2P customer reference set added 60 new individual customer references in Spring/Q1 2020.

Get a first look at the Spring/Q1 2020 SolutionMap comparative quadrant graphics here.

Insider members: Access the Provider Scoring Summary reports right here.

SolutionMap update for Spring/Q1 2020 ranks 69 procurement technology vendors and adds AP Automation category

Spend Matters today has updated its free SolutionMap benchmark rankings for the new Spring/Q1 2020 release. The latest SolutionMap compares 69 procurement technology providers across 13 categories — which includes a new ranking map for Accounts Payable (AP) Automation vendors.

Six providers are featured in the first AP Automation category, which reflects the growing importance that vendors are placing on payments.

SolutionMap began in 2017 and has become the definitive procurement technology benchmark. It will now be updated in the spring and fall instead of each quarter.

Click on the headline above to find out which vendors are in the new AP Automation category — and to learn about new vendors to SolutionMap.

Ranking Graphics: E-Procurement – Spring 2020

Spend Matters - Free SolutionMap Download

This report contains the latest update of the E-Procurement, Invoice-to-Pay and Procure-to-Pay SolutionMap, a comparative analysis of e-procurement, invoice-to-pay and procure-to-pay suite technology solution providers for Q1 2020.

SolutionMap: 59 procurement software companies ranked (Q4 2019 Update)

Spend Matters today released its Q4 2019 SolutionMap, ranking 59 procurement software companies across 12 solution categories, including E-Procurement, Sourcing, Spend Analytics, Supplier Relationship Management, Contract Lifecycle Management and Contingent Workforce & Services. Click on this article to see which new providers joined the rankings this quarter — and to see how to access the rankings for free!

Q4 2019 Invoice-to-Pay (I2P): Provider Scoring Summary

I2P

This SolutionMap scoring summary analyzes a select group of invoice-to-pay solution providers. It is part of our Q4 2019 SolutionMap report series, also featuring spend analytics, sourcing, supplier management, contract management and e-procurement providers. Our Q4 release also features a SolutionMap for procure-to-pay and strategic procurement technology suites.

Q4 2019 SolutionMap Release Notes: E-Procurement, Invoice-to-Pay and Procure-to-Pay

This Spend Matters SolutionMap Insider Release Note provides insight into the Q4 2019 SolutionMap release for E-Procurement, Invoice-to-Pay (I2P) and Procure-to-Pay (P2P), reviewing the process that we follow and highlighting what has changed since the last release.

The E-Procurement, I2P and P2P customer reference set added 20 new individual customer references in Q4. There were no new providers added for Q4, although Jaggaer One (formerly Jaggaer Indirect) has successfully been scored against the new Q2 2019 RFI requirements for the first time.

*Get a first look at the Q4 SolutionMap comparative quadrant graphics here.

As Jaggaer has unified three of its product lines — Jaggaer Indirect, Jaggaer Direct and Jaggaer Advantage — into Jaggaer One, which allows customers and prospects to select the best modules from each offering to fit an organization’s unique needs, Spend Matters has broken out the naming convention for the Jaggaer offerings more specifically for Q4 2019 SolutionMap in the persona ranking graphics. This means that in the E-Procurement and Invoice-to-Pay category this quarter, the solution/product formerly known as Jaggaer Indirect is now listed as: Jaggaer eProcurement and Jaggaer Invoice-to-Pay.

Due to Jaggaer’s participation in both E-Procurement and Invoice-to-Pay, the provider also appears in the Procure-to-Pay Suite view, as Jaggaer Procure-to-Pay.

The Q4 2019 SolutionMap marks the first time Jaggaer solutions have been evaluated against Q2 2019 RFI requirements by the Spend Matters analyst team, and are able to again appear in this quarter’s editions of the Provider Scoring Summaries.

This SolutionMap Insider research note provides insight into these and additional changes in the Q4 2019 SolutionMap release.

(Insider members: Access the Q4 Provider Scoring Summary reports right here.)

Q3 2019 Invoice-to-Pay (I2P): Provider Scoring Summary

This SolutionMap scoring summary analyzes a select group of invoice-to-pay solution providers. It is part of our Q3 2019 SolutionMap report series, also featuring spend analytics, sourcing, supplier management, contract management and e-procurement providers. Our Q2 release also features a SolutionMap for procure-to-pay and strategic procurement technology suites.