Spend Matters Supplier Relationship Management and Risk Solution Rankings
apexanalytix earns highest customer and analyst ratings in the Spend Matters SolutionMap. Again.
apexanalytix has been recognized as the customer and analyst leader in Supplier Relationship Management and Risk solutions by Spend Matters in its Q1 2020 SolutionMap for procurement technology. Well-respected as a snapshot of the best solutions in the market, the SolutionMap provides customer and analyst scoring across 5 buyer personas, 59 procurement software companies and 12 solution categories.
“Our clients demand what the ‘end-to-end’ Source-to-Pay suites have never been able to deliver,” describes Akhilesh Agarwal, SVP, Global Business Partner Technology Solutions at apexanalytix. “We are proud to provide solutions that support 100% of suppliers, regulations and policies in a central supplier dashboard.”
With the five buyer personas perspective, every organization and need are covered to guide buyers in procuring the solution that will meet their business requirements. 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.”
Which persona are you?
My organization: Dynamic, results-focused, limited IT department involvement, risk-tolerant of new approaches and providers; Often decentralized, rapidly growing, and/or middle market
We need: Speed to value, low pricing; Modern, intuitive, cloud-based software with optional value-added services
My organization: Highly sophisticated, rigorous, somewhat complex, risk-tolerant, happy to push limits of tech to create more value
We need: The most comprehensive, tailorable solution for the job; Best-in-class functionality, breadth, depth and ability to support our sophistication
My organization: Moderately to highly sophisticated; Unique process requirements from unique, often complex supply/value chains
We need: Emphasis on flexibility, modularity, configurability and internal/external integration to ultimately support my organization’s diverse and evolving needs
My organization: Outcome-focused; TCO approach to implementations; Often risk-averse and skeptical based on previous experiences
We need: A combination of software capability and supporting services to contractually deliver results and a defensible ROI; Pre-loaded capabilities, content, and know-how
My organization: Strong IT backbone, high IT influence and investment for buying decisions; Big focus on security, standardization, control, and risk/compliance
We need: IT support and CIO endorsement; A new ‘skin’ atop existing systems to optimize ROI; Proven ERP integration, enablement and knowledge; Solution compatibility with IT standards