The Gartner eProcurement Market & Vendor Landscape
September 2011 saw the release of the highly influential and authoritative eProcurement Market and Vendor Landscape report from Gartner, the world's leading information technology research and advisory company.
Wax Digital is proud and excited to have been assessed in the Gartner eProcurement Market & Vendor Landscape Report, comprehensively outscoring our competitors across the 11 key criteria evaluated in the report.
Wax Digital scored highly in what are widely regarded as the two most important individual criteria, outlined below:
Assessment Criteria: Scope Breadth
What does it mean?
Why is it important?
Assessment Criteria: eRequisitioning
What does it mean?
The capabilities range from basic features like PO creation and desktop receiving to budget encumbrance, configurable user dashboards and integrated request for quotation.
Why is it important?
It is therefore perhaps the key measure of success of any eProcurement system, in combination with Scope Breadth above, in determining how effectively a solution can be deployed across all spend and all user types.
According to Gartner....
The Gartner eProcurement Market & Vendor Landscape report also features market observations by leading analysts, Deborah R Wilson and Nigel Rayner.
"eProcurement solutions can deliver 100% savings by halting and/or redirecting unnecessary expenditure"
"A final observation about the eProcurement market is the increasing desire of prospective buyers to favour vendors that offer related, natively integrated solutions in a broader suite "
Notes on Methodology
Vendors were assessed on 11 key elements, compiled from hundreds of eProcurement inquiries with end user clients fielded by Gartner over the past five years. The areas assessed represent the capabilities and attributes prospective buyers request most.
Of more than 60 candidates considered for inclusion, only 32 met the criteria for a full rating in the report, being able to demonstrate the requisite:
- Product ownership
- Punch-out support
Qualifying vendors completed a very detailed survey in the spring of 2011 on what features and capabilities they currently offer and from March through July 2011 Gartner conducted reference calls and solicited detailed reference survey input in order to formulate the final report and scores.
Wax Digital's Conclusions
Our review of the Harvey Ball chart used in the Gartner eProcurement Market & Vendor Landscape Report places wax digital as the UK's No1 eProcurement Vendor and Top 5 Worldwide.
Wax Digital web3 delivers highly intuitive web-based spend management, with a focus on ‘people powered procurement’ that ensures users at every level – both inside and outside your organisation - can quickly and easily engage.
The result is a better purchasing and supplier experience, dramatically improved control, compliance and visibility of spend across the organisation, and ultimately significant cost savings that feed straight to the bottom line.
If you’d like to find out more please get in touch today - we’d be delighted to show you what makes us No 1.
So what do the Gartner report findings mean when it comes to getting the most from your investment?
Market & Vendor Landscape
Wax Digital's summary of the Gartner research report and our rating within it.
Keep up to date with Wax Digital
and gain access to a wealth of procurement, finance and technology focused news
Source to Pay: five procurement remedies for small to medium enterprises- Part 2
In this second blog post for Sourcing Focus, Wax Digital’s Daniel Ball out…
eWorld Purchasing & Supply
Procurement Consultant John Martin offers his expert advice on successful supplier adoption at eWorld March 2013.
eWorld: A Supplier’s Journey – read the summary & watch the video
Independent procurement consultant, John Martin recently spoke at the eWorld pur…
eProcurement Excellence Series 2013
June – September 2013