June 27, 2019
APEX Analytix has been recognized as a leader in Supplier Relationship and Risk (SRM) solutions by Spend Matters in its Q2 2019 SolutionMap for procurement technology. The benchmarking report provides customer and analyst scoring for 54 procurement software companies across 12 solution categories to provide any buyer an easy snapshot of the best solutions in the market.
APEX Analytix is honored to be ranked as the top rated solution in customer and analyst scoring across the five buyer personas. The SRM Turn-Key persona SolutionMap, which is focused on total cost of ownership and a defensible ROI, is available below to highlight how customers and analysts view APEX Analytix compared to other solutions in the market when developing a supplier management business case.
The supplier management solution APEX Portal addresses the complete supplier lifecycle - from onboarding and inquiry to dynamic discounting and risk management – and has been the fast growing solution of its type in the market. The APEX Portal utilizes APEX Analytix's SmartVM® to validate and enrich supplier data through integration with 650+ government, regulatory, and trusted third-party data sources and 22M+ scored supplier records.
Last year, Spend Matters analysts Michael Lamoureux and Jason Busch described APEX Analytix as “a perfect match for customers who are primarily interested in data integrity, financial security, controls and fraud prevention.” (Spend Matters, APEX Analytix Vendor Snapshot, 7 August 2018)
Spend Matters Chief Research Officer Pierre Mitchell explains: “Beyond feature/function, we look at the platform elements to see what’s real and what’s not. Some users look for configurability, others don’t. We reflect buyer needs against, for instance, the application of AI, user experience, low-code platforms. With SolutionMap, procurement professionals have this information at their fingertips even if they are not technology experts themselves.”
What does the Spend Matters Supplier Management category consist of?
Supplier Management (SxM) is a collection of supplier-centered applications that bridge the gaps between and beyond the core source-to-pay applications. A supplier management suite includes applications such as: Supplier Information Management (SIM); Supplier Performance Management; Supplier Relationship Management (SRM); Supplier Quality Management (SQM); Supplier Risk Management, and Supplier Compliance (e.g., regulatory compliance). SxM includes – but goes beyond – the standard components in a governance, risk and compliance (GRC) solution for suppliers and third parties.
About Spend Matters – Solution Intelligence for Procurement
Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner. Spend Matters is owned and managed by Azul Partners, Inc.
About APEX Analytix
APEX Analytix is the world’s leading provider of supplier portal software, accounts payable (AP) controls software, audit and analytics software, and AP recovery audit services. We help companies on six continents hyper-optimize procure-to-pay and safeguard more than $4.6T in disbursements annually. Our supplier portal is the fastest growing in history, with over 3M suppliers in three years. And our proprietary SmartVM database continuously perfects scored supplier records with contacts for 20M+ suppliers to the Global 2000. For more information, visit www.apexanalytix.com or call +1 800-284-4522.