The e-procurement solutions market has been growing for the last seven years. Because of this rapid growth, the market is also fragmented, with numerous vendors competing for procurement organizations’ attention. Yet no one vendor is an ideal fit for all companies, due to the unique requirements of different organizations’ sizes, industry/vertical and prior technology investments (or lack thereof).
So how can companies with different needs evaluate procurement solutions amid an array of vendors with different capabilities?
Spend Matters’ vendor rankings in SolutionMap account for these differences using a persona-based approach. Each SolutionMap persona is calibrated to weight evaluation requirements so that it reflects the profile of certain kinds of buyers. For example, the “Nimble” persona reflects small and medium-size businesses that prioritize fast time-to-value and ease of use in the selections; the “CIO Friendly” persona emphasizes technical foundation and interoperability with other enterprise systems to make for a straightforward implementation.
So what do SolutionMap personas look at for e-procurement, and how can they help your organization make better technology decisions?
In a series of PRO articles, we’ll analyze the market according to the different e-procurement personas: Nimble, Deep, Turn-key, Configurator and CIO Friendly. (See persona definitions* below.)
This review is organized just like the RFI for SolutionMap, according to these topics: platform capabilities, features & functionalities, and customer value.
Now let’s look at the e-procurement features and vendors as viewed by the Deep persona.
