Procurewise Recognized as a Top Procurement Technology Provider; One of Eight New Additions to The SolutionMap
ROCHESTER, NY — November 17, 2022 — It’s important to stay on top of technology advancements, but traditional analyst frameworks compare solution provider capabilities with a static, one-size-fits-all approach. To combat this, Spend Matters created the SolutionMap, a tailored solution provider ranking system that helps keep you up to date with today’s procurement and supply chain technology buying climate. Today, Spend Matters announced the release of their Fall 2022 SolutionMap and TechMatch procurement technology benchmarking rankings, which include 74 procurement technology vendors.
Known as the most rigorous, data- and intelligence-based assessment of procurement technology functionality in the industry, SolutionMap contains 500+ RFI requirements across 10 source-to-pay (S2P) module and suite categories highlighting the real capabilities of each vendor. Customer feedback also factors into the vendor rankings, helping to reliably benchmark these market-leading providers.
Procurewise, a Ceipal VMS platform, is honored to be recognized as a new addition in the VMS/SOW category. Not only that, but we placed as a “Customer Leader” in various persona segments and ranked highly for solution scalability, a testament to our customers viewing Procurewise to be a highly valued and trusted partner.
The wider value of the semi-annual SolutionMap for practitioners, leaders, investors, and consultants was highlighted by Nick Heinzmann, Spend Matters VP of Research, when he said:
“Given the rate of economic and geopolitical upheaval in 2022, the procurement technology market has only accelerated its pace of innovation to keep up with customers’ evolving needs. Our Fall 2022 SolutionMap results underline this point, as vendors step up to the challenges of a volatile business environment with new capabilities and partnerships. As we saw in live demonstrations across the 74 vendors this cycle, major investments in supplier and supply chain risk management, automation support (RPA, AI/ML) and the extension of burgeoning B2B payments/financing support, among other areas, are all advancing rapidly, both at established vendors and from impressive new entrants.”
Visit spendmatters.com/solutionmap to view the free ranking charts by procurement technology category and market persona for a more tailored benchmark view or to learn more about the methodology.
Procurewise, a next-generation VMS platform by Ceipal, was created as a single solution to source, manage, and engage contingent staffing, direct sourcing, and statement of work vendors and workers, enabling businesses to identify top-tier talent and avoid making costly hiring decisions. Procurewise’s VMS solution offers unmatched capabilities and unsurpassed value to corporate procurement and HR teams and managed service providers through a unified total talent platform.
About Spend Matters — Solution Intelligence for Procurement
Spend Matters started as the first blog and social media site in the procurement and supply chain sector and has since grown into the leading source for data-backed technology and solutions intelligence. Serving private and public sector organizations, consultants, private equity and services, and solution providers, Spend Matters drives strategic technology purchasing decisions and superior marketing, product, sales, and investment outcomes for clients. Spend Matters is the only tech-enabled, proprietary data platform with exclusive IP that serves the global procurement, finance, and supply chain technology ecosystem.