Onventis ranks as a leader in 4 Spend Matters SolutionMap categories
Onventis has been recognized as a leading provider for Procure-to-Pay (P2P), E-Procurement, AP Automation/Invoice-to-Pay (AP/I2P) and Spend Analytics in Spend Matters SolutionMap benchmarking for Spring 2022. Spend Matters is a leading analyst for the global procurement, finance, and supply chain technology ecosystem.
Spend Matters releases SolutionMap Spring 2022 rankings
Furthermore, within the “Mid” market persona, Onventis ranks in the Customer Leader quadrant for all four categories. The Spend Analytics SolutionMap for the “Mid” persona even shows Onventis as a Customer Leader. The “Mid” market persona includes solutions for the upper mid-market (revenues $100M-$1B/year). These solutions typically contain highly configurable functionality, enabled with content (i.e. templates, intelligence) and capability to support multiple regions. The Onventis Source-to-Pay Suite is created specifically for the requirements of midsize enterprises (MSE).
The release of the Spend Matters Spring 2022 SolutionMap procurement technology benchmark rankings includes 69 vendors. It is known as the most rigorous, data-centric functionality assessment of procurement technologies in the industry. SolutionMap contains 500+ RFI requirements across 10 source-to-pay module and suite technology categories to pinpoint the actual capabilities of each participating vendor. Customer feedback also factors into where vendors rank on the maps. SolutionMap is updated and published every six months to accurately reflect solution updates.
To achieve rankings as one of the market leaders in the four categories AP Automation/Invoice-to-Pay, E-Procurement, Procure-to-Pay (P2P), and Spend Analytics for the first time fills us with pride. As last year’s newcomer, we now have officially joined the ranks of global procurement technology champions.
Frank Schmidt, CEO at the Onventis Group
In contrast to standalone E-Procurement and Invoice-to-Pay solutions, comprehensive Procure-to-Pay capabilities are designed to more effectively bridge procurement, accounts payable, risk management/compliance and treasury requirements. The diversity of requirements and stakeholders brings a real world need to define each organization’s buying persona.
Pierre Mitchell, Chief Research Officer at Spend Matters
About Onventis — All-in-One Procurement optimised for midsize enterprises
Onventis has been a cloud pioneer for digital transformation of purchasing and finance processes since 2000. The cloud-based software Onventis Buyer is an all-in-one procurement system that helps companies to manage their business spend in order to achieve financial control, efficiency, compliance and cost savings. It streamlines and automates all processes from source to pay including network collaboration with suppliers.
About Spend Matters — Solution Intelligence for Procurement
Spend Matters started as the first blog and social media site in the procurement and supply chain sector and has since grown into the leading source for data-backed technology and solutions intelligence. Serving private and public sector organizations, consultants, private equity and services and solution providers, Spend Matters drives strategic technology purchasing decisions and superior marketing, product, sales and investment outcomes for clients. Spend Matters is the only tech-enabled, proprietary data platform with exclusive IP that serves the global procurement, finance, and supply chain technology ecosystem.