Author: Spend Matters Editorial
Source
Today Spend Matters is delighted to announce the release of its Spring 2024 SolutionMap and TechMatch℠ procurement technology rankings, which include 79 procurement technology vendors.
Known as the most data-centric functionality assessment of procurement technologies in the industry, SolutionMap Insider put these 79 procurement technology vendors through rigorous functionality and capability assessments via 500+ RFI requirements across 12 source-to-pay (S2P) categories, with mandatory demos and impartial, anonymized customer ratings.
Having been heavily involved with this cycle’s SolutionMap, the Spend Matters analyst team noted:
“In parallel with the rapid rise in economic- and geopolitical-related risk in 2023, the procurement technology market has accelerated its pace of innovation to keep up with customers’ needs. Our Spring 2024 SolutionMap results are testimony to how vendors are stepping up to the challenges of a volatile business environment. They are investing in new capabilities, especially in AI/GenAI, as well as partnerships. As we have witnessed in the live demonstrations across the 79 vendors this cycle, of both established vendors and impressive new entrants, major advancements are being made in the S2P technology space, with a specific focus on Intake, Orchestration and TPRM. Look out for Spend Matters dedicated coverage of those over the next few months.”
Highlights this SolutionMap Insider cycle
Five new vendors were added to SolutionMap this cycle: