Live Breaking News & Updates on Vendor analysis

Stay informed with the latest breaking news from Vendor analysis on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Vendor analysis and stay connected to the pulse of your community

Daato: Vendor Analysis — ESG compliance solution overview, competitors, user considerations, analyst summary

In this Spend Matters Vendor Analysis, we give an overview of Daato, an ESG compliance solution built to address the challenges companies face with complying to different reporting frameworks. The regulatory landscape that procurement professionals have to navigate is constantly changing. New regulations are frequently being introduced, especially regarding sustainability. For example, in March 2024, the EU Member States approved the updated text of the Corporate Sustainability Due Diligence Directive (CSDDD). However, the European Parliament still has to vote on it. If passed, the CSDDD would introduce new requirements for companies to conduct sustainability due diligence across their operations, subsidiaries and supply chain. The text introduces compromises in its scope of application. Thresholds for companies covered was raised to 1,000 employees and revenue exceeding €450 million (with a staged approach), approximately a two-thirds reduction of companies covered by the previous text. The CSDDD sets out requirements for large companies regarding human rights and environmental protection across their global supply chains. It follows and broadens Germany's "Lieferkettengesetz" (Supply Chain Due Diligence Act), which applied to companies with 3,000 employees or more in 2023 and extended to organizations with over 1,000 employees in 2024. These new regulations can be a real challenge to grasp. They often require organizations to implement and understand complex practices, such as data collection, analysis and reporting. A provider that was created to alleviate these challenges is Daato. The modular software is designed to meet various reporting needs, with a particular focus on the EU’s regulations. It's a solution that can help customers easily gather, analyze and report on their sustainability and ESG metrics, providing them with the confidence they need to navigate these new regulations. This Vendor Analysis provides an overview of Daato, looks at the competitive landscape and users’ considerations and closes with an analyst summary. Here’s why Daato matters: To the market — Daato is an ESG compliance solution that provides a modular platform to help organizations comply with various reporting frameworks and regulations, particularly in the EU, by assisting with data collection, analysis and reporting. To potential buyers — A regulatory landscape that is constantly evolving makes it difficult for organizations without a solution like Daato to understand requirements and ensure compliance.

European-parliament , Spend-matters-vendor-analysis , Corporate-sustainability-due-diligence-directive , Supply-chain-due-diligence-act , Vendor-analysis ,

Penny: Vendor Analysis — P2P solution overview, roadmap, competitors, user considerations, analyst summary

This Spend Matters Vendor Analysis provides an overview of Penny and its P2P solution. Penny is a cloud-based procurement solution that covers the procurement journey from purchase requisition to sourcing to payments. Customers can pick and choose from an array of modules (Purchase Requisition, E-Sourcing, Orders, GRN, Bills, Payments). This Vendor Analysis explores Penny’s platform, application and supporting services. It also provides a list of Penny’s competitors, user considerations and key analyst takeaways. Here’s why Penny matters: To the market — Penny offers a solution tailored to meet the specific sourcing needs commonly found in the Middle East, such as emphasis on ERP integration and procurement strategies designed for RFP sourcing. To customers — Penny offers a seamless user experience that removes manual processes, and its modular design is highly customizable. To potential buyers — Penny enjoys fast user adoption due to its user-friendly procurement experience.

Spend-matters-vendor-analysis , Purchase-requisition , Vendor-analysis , Middle-east ,

Matchory: Vendor Analysis — Supplier discovery solution overview, competitors, user considerations, analyst summary

This Spend Matters Vendor Analysis gives an overview of Matchory, a solution built to simplify and accelerate the supplier discovery process. In times when nearshoring and ally-shoring are at the top of the agenda of many procurement professionals, supplier scouting is making a comeback as an essential capability. Specifically, these discovery tools can help by making the job of sifting through the massive number of available companies more manageable. Matchory was founded in 2019 and targets medium to large manufacturers and procurement consultancies in Europe and North America. Matchory focuses solely on supplier discovery, has an affordable pricing structure and requires no implementation efforts. This Vendor Analysis provides an overview of Matchory, a look at the competitive landscape, selection tips and an analyst summary. Here’s why Matchory matters: To the market — Matchory’s solution simplifies supplier discovery by offering real-time results from its cultivated supplier database without arduous implementation requirements. To potential buyers — Matchory is valuable to organizations seeking a cost-effective solution for quick and accurate supplier discovery, enhancing transparency in global supply chains and optimizing strategic sourcing efforts.

United-states , America , Spend-matters-vendor-analysis , Vendor-analysis ,

Canopy: Vendor Analysis — SIM solution overview, competitors, user considerations, analyst summary

Canopy: Vendor Analysis — SIM solution overview, competitors, user considerations, analyst summary
spendmatters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spendmatters.com Daily Mail and Mail on Sunday newspapers.

Spend-matters-vendor-analysis , Vendor-analysis ,

VORTAL: Vendor Analysis — e-Sourcing and e-Procurement solution overview, roadmap, customer feedback, competitors, user considerations, analyst summary

In this Spend Matters Vendor Analysis we provide an overview of VORTAL and its source-to-pay (S2P) solution. Procurement organizations increasingly demand efficient and streamlined processes. Traditional procurement processes can be complex, time-consuming and manual, leading to inefficiencies, a lack of transparency and increased risk. To overcome these challenges organizations often look for a technology solution that offers automation, centralized data management and streamlined workflows. It is especially important for midsize to large public institutions or private sector companies that don’t have the luxury of a large procurement team but still need to manage spend in the most efficient and effective manner. It is exactly the kind of challenge that VORTAL addresses. It provides customers with a platform that connects buyers with qualified suppliers and offers a range of capabilities (in-app and as services) such as category management, demand management, e-sourcing, auctions, supplier management and contract management. This Vendor Analysis also explores the concept behind VORTAL, its platform, application and supporting services, a verified customer reference analysis and a competitive market analysis, complete with key analyst takeaways. Here’s why VORTAL matters: To the market — VORTAL is a solution provider that offers a comprehensive platform for organizations in government, construction and healthcare sectors wanting to enhance their upstream processes (e-sourcing and e-procurement). To customers — Midsize to large public institutions and companies in the private sector, especially in the Iberian region of Europe and in South America, use VORTAL to cover their demand management and sourcing needs, particularly for indirect spend. To potential buyers — VORTAL is an attractive provider for those looking to enhance their procurement capabilities, streamline their sourcing processes and ensure compliance in various industries, including government, construction and healthcare.

United-states , America , Spend-matters-vendor-analysis , Vendor-analysis , South-america ,

Fairmarkit: Vendor Analysis (Part 1) — Sourcing solution overview, market analysis, company SWOT, competitors

This is the first in a three-part series that covers Fairmarkit’s sourcing offerings. The Pareto principle, named after the Italian economist and sociologist Vilfredo Pareto, states that if focused properly, 20 percent of one’s actions leads to 80 percent of the results. Procurement teams commonly follow this principle to prioritize activities and define focus areas to maximize return on investment. Such an area is tail spend, the purchases that makeup approximately 80 percent of transactions/parts/suppliers but only 20 percent of total spend volume. And, following the Pareto principle, many organizations ignore their tail spend because of the apparently meager return on investment. This is a mistake that can have massive consequences and exactly the issue Fairmarkit addresses. Part of the ‘tail spend challenge’ relates how much effort it can take to understand it, acquire sufficient visibility and ‘data quality’ and address it with SxM and sourcing solutions. The other part is the belief that any return organizations may get by working on their tail spend will be minimal because the quantity of purchased products and services is too low to significantly impact their P&L. However, this can be a dangerous assumption because: The actual impact that an apparently insignificant component/part/service can have on business performance and continuity does not strictly correlate with how often it is purchased or its unit price, e.g., it can impact business/supply continuity or compliance. There might be significant savings (and not just in terms of purchased price) in tail spend as it has been left untouched, whereas the ‘head of the spend’ has been managed/optimized for years making residual opportunities very minimal. Also, if tail spend was not ignored, it has been mainly addressed with catalogs and/or P-cards to reduce transactional and process costs of indirect/MRO spend, BPO to delegate to a third party and GPO to delegate while benefiting from a volume effect. There are other ways of addressing this, though, and this is exactly Fairmarkit’s value proposition. Part 1 of this Vendor Analysis provides an overview of Fairmarkit’s sourcing solution, an overall SWOT analysis and a list of key competitors. Part 2 examines the solution’s strengths and weaknesses and offers considerations for a potential user to take into account. Part 3 provides a detailed overview of each module and concludes with an analyst summary. This series is a refresh based on and reuses content from a two-part series from 2019 written by Nick Heinzmann and an update in 2021 by Bertrand Maltaverne. Here’s why Fairmarkit matters: To the market: Fairmarkit focuses on tail spend management. So, it boasts specific capabilities more general sourcing solutions lack because they address a broader range of spend segments. Based on its success in addressing tail spend, it is looking to extend its approach to more recurrent purchases. To customers: Fairmarkit’s solution is designed to be easy to use and quick to adopt so that tail spend is under management and control. To potential buyers: The growth of Fairmarkit’s solution is a testament to how tailoring a tool to spend management is key to turning that segment into a more positive ROI.

Italy , Italian , Vilfredo-pareto , Nick-heinzmann , Bertrand-maltaverne , Vendor-analysis ,

Deployed: Vendor Analysis — SOW solution overview, roadmap, competitors, user considerations, analyst summary

This Spend Matters Vendor Analysis provides an overview of Deployed and its solutions for Statement of Work (SOW). SOW drafting traditionally starts once a supplier bid has been accepted and the business is ready to move forward with work. The business requestor and Sourcing or Procurement go back and forth (usually several times) to ensure the draft reflects the work being requested. Then, the SOW goes to several other stakeholders — legal, finance, risk, etc. — for more iterations of edits and reviews before finalization. All this back and forth can be time consuming and painful as requirements are written legal jargon — especially for the business requestors who may not spend a lot of time dealing with contract writing or legal jargon in their day-to-day work. Also, the scope and requirements can become muddied as the various groups make siloed edits to fit the SOW to each of their department’s unique needs and guidelines. Deployed addresses the above pain points by taking a different approach to SOW authoring. Deployed’s partners realized that if the process began before sending the supplier bid request and a solution were to help users define the scope with autonomous language, the pain of writing an SOW would be almost entirely removed. Deployed focuses on starting the draft in the planning phase, which allows its software to piece together components of the SOW while the business requestor is forming their request. It also breaks down the traditional departmental silos that cause the back-and-forth changes by guiding the change request process and unifying language through an AI-driven Q&A process. This Vendor Analysis explores Deployed’s platform and application and supporting systems. It also delivers a competitive market analysis and concludes with key analyst takeaways. Here’s why Deployed Matters: To the market — Deployed simplifies the SOW writing process for all stakeholders involved by beginning the draft during the planning of a request instead of waiting until after a bid has been accepted. It uses AI-enabled features to create the SOW from a conversational structure of questions and answers, allowing the scope and SOW features to be better defined. To customers — Large enterprise companies in Pharmaceuticals, Finance and Professional Services with business operations in Europe and North America use Deployed to quicken SOW turnaround times, reduce manual back-and-forth editing, reduce errors and revisions in the SOW drafting process, improve definition of scope and publish the SOWs. They are also using its learning services to improve how SOWs are written. To potential buyers — Deployed uses guided scoping to simplify the end-to-end SOW creation process. It does this with conversational chat prompts that collect SOW requirements from business requestors during project planning. Because Deployed captures the requirements at the beginning of the planning phase, the SOW’s drafting can use a unified language with less back and forth between various parties.

United-states , America , Spend-matters-vendor-analysis , Vendor-analysis , Deployed-matters , Professional-services , North-america ,

Kodiak Hub: Vendor Analysis — SxM and Supplier Risk solution overview, competitors, user considerations, voice of the customer, analyst summary

This Spend Matters Vendor Analysis gives an overview of Kodiak Hub, a supplier management solution that consolidates all supplier information and data into one view with a focus on performance and risk. There are many old, new and developing stories about risk and the disruptions impacting business continuity and operations. On top of these considerations, the regulatory/compliance landscape is also in constant flux. These factors have created a ‘perfect storm’ that requires companies to enhance their risk detection, assessment and mitigation capabilities. Companies need to grasp the many dimensions of 'risk' to understand their exposure and increase their risk awareness (and resilience) by embedding risk in critical decision-making processes. Kodiak Hub helps companies address such challenges. It is a supplier management solution that simplifies and enhances sourcing and supplier relationship management (SRM) for global procurement and sourcing teams. It provides a cloud-based platform that offers automated dashboards, scorecards and analytics to address various stakeholder needs, focusing on supplier performance, risk, quality and ESG (Environmental, Social, and Governance). This Vendor Analysis provides an overview of Kodiak Hub (based on our previous coverage), a look at the competitive landscape, user considerations and an analyst summary. Here’s why Kodiak Hub matters: To the market: Kodiak Hub is a supplier management solution that consolidates supplier information and data into one view to give organizations a full picture of a supplier’s performance and risks and allow them to make more informed decisions and buy smarter, more strategically and sustainably. To customers: Mid-size to large organizations across industries use Kodiak Hub because it offers a centralized platform that provides a comprehensive overview of supplier information and data, including compliance, performance, financial indicators, media insights and country risk. To potential buyers: Kodiak Hub is an interesting vendor to consider as it provides a user-friendly and effective tool that simplifies supplier management processes, making sustainable business and procurement practices more accessible and transparent.

Spend-matters-vendor-analysis , Kodiak-hub , Vendor-analysis ,

Supply Risk Solutions: Vendor Analysis — Supplier Risk Management solution overview, roadmap, competitors, user considerations, analyst summary

In this Spend Matters Vendor Analysis, we provide an overview of Supply Risk Solutions and its solution for supplier (chain) risk management. Supplier risk management is crucial for a variety of reasons. First and foremost, it helps organizations identify and mitigate potential disruptions in their supply chain. Imagine relying on a single supplier for a critical component — if they face a problem, it could jeopardize your entire production process. Supply Risk Solutions (SRS) was founded in 2007 to address these issues for the semiconductor and healthcare industries. It tracks geopolitical risk, natural disaster risk and financial risk. It handles all supplier communication on behalf of the client and offers a variety of other managed services. It has a network approach in the sense that its main value proposition is to increase network resilience by giving manufacturers a blended mix of technology and services to increase the resilience of their critical suppliers through peer-defined and industry-specific assessments and guidance. This Vendor Analysis explores Supply Risk Solutions’ the platform, application and supporting services. It also gives a competitive market analysis and key analyst takeaways. Here’s why Supply Risk Solutions Matters: To the market — SRS offers a unique blended mix of technology and managed services for the healthcare and semiconductor industries that focuses on increasing the resilience of most critical direct suppliers. To customers — US healthcare and semiconductor companies and their most critical suppliers benefit from a mutualized and packaged offer to monitor and manage risks. To potential buyers — SRS focuses on increasing supply chain resilience in the healthcare and semiconductor industries for buying organizations eager to rely on a network effect and ready to invest in increasing resilience of their most critical direct suppliers.

Risk-solutions-matters , Risk-solutions , Spend-matters-vendor-analysis , Supply-risk-solutions , Vendor-analysis , Supply-risk-solution , Supply-risk-solutions-matters ,

Mercanis: Vendor Analysis — S2C solution overview, competitors, user considerations, analyst summary

This Spend Matters Vendor Analysis gives an overview of Mercanis, a newcomer in the upstream suite landscape. It was created in response to the growing need for organizations to streamline and improve their procurement operations through the adoption of digital solutions. To achieve that, Berlin-based Mercanis focuses on flexibility — specifically, on providing a modular and configurable platform that customers can adapt to their needs and grow over time — and usability to ensure a wide and low effort adoption. This Vendor Analysis provides an overview of Mercanis, a look at the competitive landscape, selection tips and an analyst summary. Here’s why Mercanis matters: To the market — Mercanis offers a highly configurable source-to-contract (S2C) suite, providing organizations with the ability to centralize and digitalize their procurement processes. To customers — Mercanis is best suited for European organizations operating in manufacturing, consumer, construction or energy industries that have $200M or more in revenue and aim to improve supplier management and sourcing while being able to configure processes and grow over time. To potential buyers — Mercanis should interest those looking to streamline procurement processes, enhance supplier management and sourcing and gain some visibility into spend analysis via a user-friendly interface and customizable workflows that do not require coding knowledge.

Spend-matters-vendor-analysis , Berlin-based-mercanis , Vendor-analysis ,