Onventis, the one suite for procure-to-pay, source-to-contract, supplier management and network collaboration with focus on midsize enterprises received a holistic analyst coverage. The All-in-One Procurement System helps purchasing and finance departments to automate costly and repetitive processes and to add substantial value to overall business success. Cloud-based applications automate strategic, tactical and operational procurement tasks including subsequent finance processes like invoice processing based on robotic accounting.
Spend Matters, a leading procurement analyst company conducted a comprehensive analysis of Onventis which covers S2C solution overview, SWOT, Onventis competitors and market analysis as well as tech selection tips. Spend Matters assessed the solution and technology capabilities in context of the source-to-pay market which aims for comprehensive coverage of all of an organization’s procurement spend. Looking at Onventis as an interesting source-to-pay suite provider, the All-in-One Procurement system was recognized as one of the few full S2P suites targeting the mid-market at an appropriate price point.
We are really proud of the vendor briefing done by the leading source for procurement solutions intelligence. The Onventis Vendor Analysis gives a great overview on our digital products and services. The positive feedback is proof for having developed exactly where we aimed our spend management platform to be: The recognized All-in-One Procurement Suite for midsize enterprises in Europe. It motivates our team to continue the set path for our SaaS solutions in the field of B2B purchasing and finance.
Frank Schmidt, CEO, Onventis
While we have covered over a dozen providers with source-to-pay capabilities, and a dozen more with either S2C or P2P that can be combined with their brethren to provide full S2P capability to a client, we find Onventis to be one of the few breaths of fresh air we have covered in recent years. First, it is one of the few providers in the space that is fully focused on the mid-market. Second, Onventis can support an organization’s indirect, services and direct sourcing needs, which not all platforms can.
Michael Lamoureux, Research Analyst, Spend Matters
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
Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner. Spend Matters is owned and managed by Azul Partners Inc.