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.
