Wax Digital, a leading provider of on demand Purchase to Pay and eSourcing solutions, today announced it has been positioned by Gartner, Inc. in the Visionaries quadrant of the 2016 Magic Quadrant for Procure-to-Pay (P2P) Suites.1
Wax Digital has made a significant move from a Niche Player in last year’s Magic Quadrant to a Visionary in the new report which we believe is a result of continuous innovation and visionary product strategy, especially in the area of integration.
Paul Ellis, managing director, Wax Digital, says: “We feel our positioning in the Visionaries quadrant by Gartner affirms our mission to make our web3 platform the industry’s most innovative, integrated and intuitive solution for the Source to Pay cycle, unlocking the power of procurement across the business.
“With the launch of web3 Connect earlier this year, we delivered a truly revolutionary Integration Platform as a Service that will change the face of the best of breed Procure to Pay market and further enhance our market position.”
Wax Digital’s focus to date has been largely on the UK market. Ellis comments,
“We are one of the smaller, more regional providers included in the report which we feel in many respects makes our positioning as a Visionary all the more a validation of our capabilities and ambitions. And with new private equity backing behind us as we entered 2016, we’ve got great plans to accelerate business growth both at home and internationally.”
Gartner analysts evaluate vendors on products, processes, systems, methods and procedures to achieve competitiveness, efficiency and effectiveness. Vendors are judged on their ability and success in capitalising on their vision as evidenced by size, reputation, growth and customer retention.
1 Gartner Magic Quadrant for Procure-to-Pay Suites, by Debbie Wilson, Paolo Malinverno, Magnus Bergfors, Desere’ Edwards, June 13, 2016
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