What Makes Its E-Sourcing Software Great — Spend Matters
The e-sourcing software market is crowded and fragmented. In the Q2 2018 SolutionMap alone, Spend Matters featured 16 of the top strategic sourcing solutions. Yet within this supply base for e-sourcing tools, one of the areas few software providers have emphasized is sourcing optimization — a critical capability for unlocking new levels of value from procurement.
Businesses interested in engaging e-sourcing providers with optimization capability have historically faced steep pricing and a high usability bar as the cost of entry. But times are changing. New sourcing optimization solutions are coming into the market that balance capability, usability and price in a package that can augment or even replace other e-sourcing tools.
Keelvar, a relatively new entrant in the e-sourcing sector, is one such company. Within the Q2 2018 Sourcing SolutionMap, Keelvar stands out from the crowd on numerous fronts. It is both a high scorer across a range of technological capabilities and a customer favorite for multiple buying personas. Keelvar’s SolutionMap performance provides compelling evidence that the company is a must-shortlist candidate for every customer considering an e-sourcing solution — especially those considering sourcing optimization software.
“What Makes It Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider subscribers. Based on both our rigorous evaluation process and customer reference reviews, each brief offers quick facts on the provider, describes where it excels, provides hard data on where it beats the SolutionMap benchmark and concludes with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.