VORTAL has entered in the Fall 2020 SolutionMap by Spend Matters, an international procurement specialist. The latest SolutionMap rankings compare 77 procurement technology providers across 13 categories. VORTAL has joined the e-Procurement, Sourcing, Supplier Relationship Management & Risk, and Contract Lifecycle Management categories.
This participation strengthens the company’s position in a period where sourcing solutions reveal undeniable relevancy.
Spend Matters has updated the bubble size methodology of the SolutionMap rankings in order to adequately convey a vendor’s experience and resources to handle complex global deployments. As such, it considers global market scale based on the number of customers across the globe, number of full-time employees focused on the relevant solution(s) and revenue per customer in the relevant solution(s).
As Magnus Bergfors, VP European Research and Lead Analyst, notes, “sometimes technical capability alone might not be enough. For complex global organizations it’s often critical that a vendor also has the experience, resources and global presence to support these types of deployments.”
SolutionMap, which began in 2017, has become the definitive procurement technology benchmark due to the depth of analyst assessments, quantity of real-life customer inputs and frequency of release (semi-annually) to accurately reflect vendor capabilities and market developments.
The Founder of Spend Matters, Jason Busch, highlights that “SolutionMap is the great equalizer between buyers and sellers of procurement technology solutions. It is the only benchmarking methodology that is fully transparent, considers equal parts technology analyst and customer scoring (individually and separately), and allows business users to create a one-to-one map based on their requirements to what technology vendors can provide based on demonstrated, generally available capability”.
Find out more: https://spendmatters.com/solutionmap/