Gartner Magic Quadrant 2019

Wax Digital Improves Position on Gartner Magic Quadrant for Procure-to-Pay Suites

3rd consecutive time recognised in the report

Wax Digital, a leading supplier of cloud eProcurement and spend management software has improved its position as a Visionary in the Gartner May 2018 Magic Quadrant for Procure-to-Pay (P2P) suites.

The eProcurement specialists believe their improved position for ‘ability to execute’ in the Visionaries quadrant is due to their innovative web3 platform and eProcurement solutions for clients.

Paul Ellis, managing director at Wax Digital said: “We’re pleased to once again be recognised on Gartner’s Magic Quadrant for Procure-to-Pay Suites. For the second time running, we’ve been positioned as a Visionary, which we feel demonstrates our ongoing commitment to web3, our customers, and feel it justifies the decisions we are taking as a business to foster innovation through a customer-centric development process.

He added: “We believe our improved placing on the Magic Quadrant helps justify our 98% client retention rate.”

Wax Digital also believe their improved placement in the Gartner 2018 Magic Quadrant Procure-to-Pay (P2P) suites is because of the deep integration web3 leverages with Amazon Alexa, Cortana, IoT, RPA and other platforms.

In addition, the technology company offers a tile-based Adapter Library which fosters integration with ERP, accounting suites and other programs.

Commenting on integration, Ellis said: “We feel that integration is a key part of our development process here at Wax Digital. web3 is built from the ground up by our in-house team of developers, ensuring it has the stability and flexibility to adapt to our client’s implementation requirements, and therefore, makes web3 a reliable solution for your eProcurement needs.”

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About Wax Digital

Wax Digital delivers the web’s favourite integrated Source to Pay solutions to savings-focused organisations around the world. Our intuitive web3 software is deployed via the cloud to 260,000 users in over 100 countries, carrying tens of millions of transactions efficiently and securely every year.

Seamlessly integrated with back-office systems, suppliers and third-party data points, web3 creates a truly 360° spend management capability, bringing control, compliance and cost saving throughout the entire purchasing lifecycle.