360Quadrants covers 40+ companies in the Spend Analytics Solutions space and places the top 15 of them in a quadrant based on their quality, reliability, and business outcome.
Spend Analytics is a subset of spend management that includes collecting, cleansing, classifying, and analyzing expenditure data in order to minimize procurement costs, boost efficiency, monitor controls, and check compliance. Spend analysis has applications in the areas of inventory management, contract management, complex sourcing, supplier management, budgeting, planning, and product development.
Spend analytics provides complete visibility into spend data, procurement performance metrics, and supply base with an aim to minimize procurement costs and maximize efficiency.
360Quadrants, the most granular comparison platform, has released a quadrant on Spend Analytics Software to help businesses make quicker and more informed decisions. The quadrant has WAX Digital Limited, Procureport, and Empronc Solutions Pvt Ltd sharing space as Innovators.
360Quadrants are generated post analysis of companies (product portfolios and business strategy). Quadrants will be updated every three months based on market and regional analyses and developments in Spend Analytics Software.
360Quadrants also lists the 20 best companies in the Spend Analytics Software space.
Spend Analytics Software Quadrant Highlights
360Quadrants covers 43 companies in the Spend Analytics Software space and places the top 25 of them in a quadrant based on their quality, reliability, and business outcome. These 25 companies are categorized as Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Companies.
360Quadrants recognizes Oracle Corporation, SAS Institute Inc, SAP SE, IBM Corporation, Jaggaer, Coupa Software Inc, Proactis, ZYCUS, Rosslyn Data Technologies, Ivalua Inc, Bravosolution SPA, Basware Corporation, and Visual BI as Visionary Leaders; WAX Digital Limited, Procureport, Determine Inc, Corbus LLC, and Empronc Solutions Pvt Ltd as Innovators; and Opera Solutions LLC, SPENDHQ, Sievo OY, Synertrade, Birchstreet Systems Inc, Palette Software AB, and Precoro as Emerging Companies. The 360Quadrants platform provides the most granular Spend Analytics Software comparisons between vendors.
Methodology
The methodology used to rank vendors of Spend Analytics Software involved the use of extensive secondary research to identify key vendors by referring to annual reports, press releases, investor presentations, white papers, and various related directories and databases. 25 key vendors were shortlisted based on their breadth of product offerings, organization size, and several other criteria.
The scores and weights for shortlisted vendors against each parameter were finalized after extensive research. After the finalization of ratings, each vendor was placed in the most relevant quadrant based on its score in the product offering and business strategy parameters.
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360quadrantsCategory: SoftwareCompany about: 360Quadrants is the only comparison platform that combines expert analysis with crowdsourced insights. It covers emerging markets and technologies that are yet to be explored in detail. The platform gathers reviews from buyers, vendors, experts, and in-house analysts that influence the criteria used to position the company on the Quadrant.
Buyers get to simplify and de-risk complex purchase decisions. They get granular, unbiased and personalized comparison of products to their specific buying c …
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