This press release just went live yesterday:
“Sourcing and Procurement Operation Software Industry Future Trends Analysis”
which announced a new “Sourcing and Procurement Operation Software market” research report from Orbis that opened with obvious (that we are a pivotal sector), stated a few more obvious facts around software delivery methods (could-based, traditional ASP based), broad market sectors (business, manufacturing, education, government, etc.), and top players that include:
- GEP SMART – Source to Pay
- Jaggaer – Source to Pay
- Corcentric – Source to PayMENTS
- Coupa – business spend management, sorry, margin multiplier maker based on Source to Pay
which are in every map, quadrant, wave, logo map, etc. … so no surprise there but …
- Precoro – Procure to Pay
which only solves half the problem
- Servicenow – workflow management
- Kissflow – low code app development
which can build solutions, but doesn’t offer them out of the bark
- Vendr – SaaS marketplace
where you can buy some of them
- ClickUp – Project Management
which is not even remotely related to S2P at all!!! And if these are the top 9 vendors, I shudder at what other totally irrelevant, non-comparable, vendors were included!
A report such as this should ONLY include vendors that offer real, and core, Source-to-Pay functionality, and only if they break down the space into segments where included vendors are actually comparable!
And it shouldn’t be hard as there are over 600 such vendors in some core area of S2P … you don’t have to include generic workflow engines, project management, buy-an-app platforms, or generic project management just to hit 25!
Reports like these give analyst firms, and analysts, a bad name!
Why Won’t They Stop?!?