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, s
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 diffe
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
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 industrie
This Spend Matters Vendor Analysis gives an overview of Prewave, a solution built to reduce risks in supply chains. It offers a comprehensive risk assessment product that encompasses various risk dimensions, including operational risks (business continuity) and sustainability. Organizations must embed risk management in their practices as they navigate a business climate currently defined by increasing risk factors and disruptions, such as supply disruptions, rising costs and declining service levels. It is also more important than ever to understand risks beyond direct suppliers as disruptions often have a domino effect, meaning that an issue at one’s tier 3 or 4 supplier can cascade and impact their company. Also, sustainability considerations are a growing concern for companies. Understanding an organization's impact requires understanding its supply chain's impact, as it is often the most significant contributor to negative effects on the planet and people. In addition,