TECH BUYER Mar 2023 - IDC MarketScape - Doc # US50464223
IDC MarketScape: Worldwide SaaS and Cloud-Enabled P2P Applications 2023 Vendor Assessment
This IDC study provides an assessment of SaaS and cloud-enabled procurement software solutions and discusses what criteria are most important for companies to consider when selecting a system. Entities considering buying a procurement application solution have the challenging task of selecting among many attractive options, as highlighted in this study. Whatever attributes are most important to companies looking to buy solutions — full suite versus best of breed, full or piecemeal implementation, regional or global rollout, the level of need for advanced and complex solutions, ease of implementation and integration, the level of ongoing support required — ultimately, they seek value in their quest to effectively manage their spend and suppliers. This document highlights the attributes and benefits that buyers can expect to receive when engaging the vendors profiled in this study.
"Procurement application providers continue to innovate and add enhanced capabilities. If anything, the pace of this activity is accelerating. Tools available today are dramatically ahead of products even a few years ago. There is much activity in the space, from both entrenched providers and newer entrants, for one very fundamental reason — buyers still need help managing their spend," says Patrick Reymann, research director, Procurement and Enterprise Applications at IDC.
Coupa Software, Inc., Oracle Corporation, SAP Ariba, Basware Corporation, Tata Consultancy Services Limited, Ivalua Inc., SAP SE, Corcentric LLC, GEP, JAGGAER Inc., Raindrop Systems Inc.
Procurement, Software as a service, Technology buyer, eCommerce
List of Tables
List of Figures
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