On October 31, six of Spend Matters’ analysts hosted a webinar titled “‘Know’ what to ‘Watch’: 2022’s Top Tech to Maximize Your Impact.”
In the webinar, the analysts covered the broad pain points they uncovered while selecting vendors for 2022’s “50 Procurement Providers to Watch,” “50 Procurement Providers to Know” and “Future 5” lists. Even though this was the ninth time the analysts compiled the 50/50 and the third time determining the Future 5, the industry’s landscape is ever-changing.
Did you know Spend Matters has a free procurement vendor directory with 500+ listings? Consult the Almanac for a quick vendor overview.
Nikhil Gaur, Associate Analyst for CLM, began the discussion by covering the reasons for the exercise and how the analysts approached it differently this year. Bertrand Maltaverne, Senior Analyst for Supplier Management and Sourcing, then laid out how ESG was the major theme behind the macro changes in the market. Specifically, ESG capabilities had evolved from being “a nice to have” function into a necessary one. This was driven both by consumer demand and increased government regulation.
Nick Heinzmann, VP of Research, turned the webinar to breaking down procurement’s micro trends in 2022. He noted that despite their incredible resemblances, the suites of the procurement market actually address different pain points. Xavier Olivera, Senior Analyst for P2P, elaborated on how certain suites target specific geographies by enabling payments between different regulations.
The major pain point felt across all aspects of procurement is the need for quality data. Each procurement function produces data, creating an avalanche out of snowflakes. Too much information without the capability of analyzing it causes paralysis. Again, Nick reiterated, different vendors are addressing different parts of the problem.
Interested in a benchmark of all key procurement technology vendors? View the SolutionMap rankings.
If you would like to watch or listen to the entire webinar, follow the link here. You will learn the placement of procurement companies within the broader market landscape including:
Transparency-One
Utmost
Scoutbee
SupplyShift
Simfoni
Sievo
Rosslyn
Spendata
Anaplan
Brightfield
Orpheus (a McKinsey Company)
SpendHQ
Suplari
Ignite Procurement
Efficio
Agiloft
DocuSign
Icertis
ContractAI
ContractPodAI
Evisort
SirionLabs
Conga
Kodiak Hub
Circulor
EcoVadis
Integrity Next
Aera Technology
Beroe
Cirtuo
The Smart Cube
Rheaply
Vertex
Emburse
Creactives
OneMarket
Tradeshift
Tipalti
Basware
Fleetcor
Tungsten
SoftCo
C2FO
Sovos
TransferMate
Airbase
Stampli
Nipendo
DataServ
Teampay
Yooz
AvidXchange
Pagero
Order
Candex
Avetta
Everstream Analytics
Interos
RapidRatings
Resilinc
riskmethods
Certa
Arkestro
Market Dojo
FairMarkit
Globality
Keelvar
WTP
ServiceNow
Amazon Business
Promena
Archlet
Part Analytics
Corcentric
Coupa
GEP
Ivalua
Proactis
Workday
SAP Ariba
Jaggaer
Medius
Oracle
Oventis
SupplHi
State of Flux
Apexanalytix
GraphiteConnect
HICX
TealBook
ZIP
SourceDay
Procurence
QAD (Allocation)
Magnit
PIXID
Kissflow
Nétive
Carbmee
Focal Point
OpenEnvoy
Relish
ProcureWise
For procurement vendor insights, access the webinar on demand now. The slide deck and a supplementary deck are available for those who really want to dig into the insights.
