Wax Digital makes its mark on the Forrester Wave for Source-To-Contract Suites

Wax Digital makes its mark on the Forrester Wave for Source-To-Contract Suites

Wax Digital, a Medius company and provider of innovative eProcurement and spend management solutions features in the latest Forrester Wave for Source-To-Contract Suites.

The research led by analyst firm Forrester, evaluated 11 Source to Contract (S2C) providers in the UK and US, based on expertise, services and vendor management. Wax Digital was one of the leading providers featured on the Wave.

Paul Ellis, managing director at Wax Digital said: “We’re pleased to be recognised in Forrester’s Wave for Source to Contract Suites. It’s the first time for Wax Digital and marks our position amongst the top UK and US-based solution providers. We’re looking forward to participating in future Forrester research.”

Daniel Ball, business development director at Wax Digital added: “We’re always investing in our S2C software, by putting customers at the heart of what we do. We regularly hold workshops and user groups to collect customer feedback. We use this feedback to improve and invest in our product. Our inclusion in the Wave is fantastic news and evidence of this hard work.”

Wax Digital was recently recognised as a ‘Value Leader’ in the Spend Matters eSourcing SolutionMap, and as a ‘Visionary’ leader in the Gartner Magic Quadrant for Procure-to-Pay Suites, marking our position in the Source to Pay market.

A copy of the Forrester Research report can be downloaded here.

Forrester Research disclaimer
A Forrester Wave is a guide for buyers considering their purchasing options in a technology marketplace. To offer an equitable process for all participants, Forrester follows The Forrester Wave™ Methodology Guide to evaluate participating vendors.

In our review, we conduct primary research to develop a list of vendors to consider for the evaluation. From that initial pool of vendors, we narrow our final list based on the inclusion criteria.

We then gather details of product and strategy through a detailed questionnaire, demos/briefings, and customer reference surveys/interviews. We use those inputs, along with the analyst’s experience and expertise in the marketplace, to score vendors, using a relative rating system that compares each vendor against the others in the evaluation.

About Wax Digital
Wax Digital is a leading SaaS-based eProcurement provider based in the UK and we’ve earned a
reputation for putting the customer at the centre of everything we do. Our modular eProcurement suite offers market leading solutions for strategic sourcing, purchasing and supplier management bringing control, compliance and cost savings throughout the entire purchasing lifecycle.

In 2019 Medius, the leader in cloud-based accounts payable automation, acquired Wax Digital to become a true powerhouse in source-to-pay solutions. Over 3,000 customers and 450,000 unique users worldwide currently leverage our combined source-to-pay solutions, managing transactions worth more than $100 billion annually. The group has over 350 employees and offices in Sweden (HQ), the United States, United Kingdom, Australia, Denmark, Norway, the Netherlands and Poland.