The 50/50 … stamped with the doctor‘s seal of approval! Part II: To Watch

As announced last Sunday in our post on how the Masters will have the 50/50 in their Sights, this week the Spend Matters 50/50 … 50 to watch, 50 to know … list for 2016 was announced. It consists of 100 companies that every Supply Management professional should know about. (Even if the solution is not right for you, or your organization, you don’t know what tomorrow will bring after a job transfer or a merger.)

For those who missed it, this is the list of the “to watch” companies, augmented with links to past SI (and SM) coverage, and annotations where coverage is coming soon!

Provider Solution SI Coverage
4C Associates Consulting / Services
AnyData Solutions Analytics Coming Later
Apex Analytix Recovery Audits Coming Later
Applause CrowdTesting
Aptitude Healthcare Market
Avetta EHS Coming Soon
BuyerQuest P2P Coming Later
Claritum Tail-Spend
I
II
DecideWare Agency Management
I
II
III
IV
DirectWorks Direct Procurement
Co-exprise:I
II
Ecovadis CSR
I
II
Eved Event Management Coming Later
Exari / Contiki CLM Coming Later
Fluent
FusionOps Supply Chain Intelligence
I
Genesis Automation Healthcare ERP
Gigwalk VMS (Mobile Workforce)
Global Risk Management Solutions (GRMS) Vendor Screening
Greensill Working Capital
HICX SRM
I
II
III
IV
Hourly Nerd Workforce Marketplace
Innocentive Innovation Management Coming Later
Keelvar Optimization-Backed Sourcing Platform
I
II
III
Lavante Recovery Auditing & SIM
I
II
III
MBO Partners Contingent Workforce
Nipendo e-Invoicing
I
II
OpusCapita (jCatalog) P2P Coming Later
Per Angusta Sourcing/Procurement Project Management
I
Prodigo Healthcare Consulting / Services
Rapid Ratings Supply Chain Intelligence Coming Later
ScoutRFP e-Sourcing
I
II
SDI MRO Procurement Coming Soon
Sievo Spend Analysis Coming Later
Simfoni Tail Spend Procurement App Coming Later
SirionLabs Complex Services Management Coming Later
Source One Management Services Consulting / Services
I
SourceMap Risk Management
I
Spend360 Analytics Coming Later
SpendLead Vendor Search
SupplyOn SCM Coming Later
TAMR Data Science Coming Later
Toptal Workforce Marketplace
Transcepta e-Invoicing & Supplier Network
I
Uber Uber
Upwork Workforce Marketplace
Vinimaya Procurement Marketplace
I
II
III
IV
Vroozi Tail Spend Procurement App Coming Later
Wax Digital P2P Coming Later
Workday VMS
Xeeva e-Invoicing Coming Later

And now you know.

For those curious about how the list was arrived at, the public defender has a great explanation over on Spend Matters UK (in “spend matters 50 to know and 50 to watch questions and answers”). Seven analysts across three continents argued over who should and should not be on the list, making it one of the most objective subjective lists (not rankings) out there. (Now, I do not think any of us got to see all of our top ten picks on either list, but you can be sure that any company that made the list is a company that multiple analysts, including analysts that cover different areas of the Supply Management space, saw as a leader or innovator. So while everyone will question a few omissions, it is pretty hard to question that those there deserve to be there. The real question is, how many will be there next year. The competition in this space gets fiercer and fiercer.)

The 50/50 … stamped with the doctor‘s seal of approval! Part I: To Know

As announced last Sunday in our post on how the Masters will have the 50/50 in their Sights, this week the Spend Matters 50/50 … 50 to watch, 50 to know … list for 2016 was announced. It consists of 100 companies that every Supply Management professional should know about. (Even if the solution is not right for you, or your organization, you don’t know what tomorrow will bring after a job transfer or a merger.)

For those who missed it, this is the list of the “to know” companies, augmented with links to past SI (and SM) coverage, and annotations where coverage is coming soon!

Provider Solution SI Coverage
Accenture Consulting / Services
Achilles SIM / SCM Coming Later
Amazon Business Catalog GPO Replacement
AT Kearney Consulting / Services
Basware P2P
I
II
III
IV
Beeline VMS (Contingent Workforce)
Beroe Supply Chain Intelligence Coming Later
BravoSolution S2C
I
II.1
II.2
III
C2FO Working Capital
CapGemini IBX P2P / Supplier Network
I
CIPS Professional Organization
Coupa P2P
I
II
III
DCR Workforce VMS (Contingent Workforce)
Deloitte Consulting / Services
Detrmine S2P
I
II
DocuSign e-Signature
E&Y Consulting / Services
Efficio Consulting / Services
GEP S2P Coming Later
IBM S2C / Consulting / Services
Infor SCM / HCM / PLM Coming Later
Insight Sourcing Group / SpendHQ Consulting / Services / Spend Analysis
I
II
III
IV
Invoiceware e-Invoicing Coming Later
IQNavigator VMS
I
ISM Professional Organization
Ivalua S2P
I
II
III
IV
KPMG Consulting / Services
McKinsey Consulting / Services
OpenText GXS Business Network
Oracle Procurement
Pool4Tool Direct Procurement Coming Soon
PrimeRevenue SCF
I
II
Proactis P2P Coming Later
PRO Unlimited VMS (Contingent Workforce)
Proxima Consulting / Services
PWC Consulting / Services
Recruit VMS
Resilinc Risk Management
I
II
RiskMethods Risk Management Coming Later
SAP Procurement
ScanMarket S2C Coming Later
SciQuest S2P
Coming LaterHistorical AECSoft:
I
IIHistorical CombineNet:
V
VIIHistorical Upside:I
SynerTrade S2P Coming Later
Taulia e-Invoicing Coming Later
The Hackett Group Analyst Group
Trade Extensions Optimization-Backed Sourcing Platform
I
II
III
Tradeshift P2P & Supplier Network Coming Later
Tungsten e-Invoicing Coming Later
ZeroChaos VMS (Contingent Workforce)
Zycus S2P Coming Later

One Hundred and Forty Five Years Ago Today …

Saw the opening of the first rack railway in Europe (and the second in the world), the Rigi-Bahnen, which even today is the highest standard gauge railway in Europe. Located between the two arms of Lake Lucerne on the Rigi Mountains, described by Mark Twain as “the charmingest place we have ever lived in for repose and restfulness”, this could be seen as the beginning of mountain tourism in Switzerland. It’s hard getting people up a mountain, and this is an important landmark in human (and cat) logistics history.


Determine – Determined to Conquer b-pack’s Brave New World Part II

Our last post (re-)introduced you to Determine, a name you know even if it’s a name you don’t, as this provider is the successful fusion of the mature solution offerings that have been offered by Selectica since 1996 and Iasta and b-pack since 2000. We ended by noting that the new Determine platform is the platform that many sorcerers always wanted but never knew they were missing. Today we’re going to dive a little deeper into why.

Now, even though there’s not a whole lot new since SI last reviewed b-pack in its series on Taking Root in Their Brave New World (I, II, and III) or since SI last reviewed Iasta pre-acquisition (in Smart-Source Style, I, II, and III), these platforms have been integrated, their core modules have been enhanced and, most importantly, the (core) platform has a new UI that is not only easier to use than the one that b-pack had before, but is better looking to. (It was straight-forward, and there was nothing wrong with it, but parts of it looked like it was built as a Windows application and not a SaaS application.)

That being said, there are some cool new features, including:

  • Virtual Purchasing ContractsGood invoice and payment management requires m-way matching every invoice to at least a purchase order or contract and, if possible, a goods receipt as well. For many types of recurring payments — such as rentals, utilities, etc. — Procurement does not cut a contract and there is no Procurement record for AP to refer to when an invoice comes in. This prevents an m-way match and makes it difficult to detect duplicate, erroneous, or fraudulent invoices (and this, of course, contributes to over-payments). However, in the Determine system, you can set up recurring payment contracts and define expected payment dates along with expected amounts or ranges. Then, when an invoice comes in, it can be matched to an associated virtual contract payment, and if there is already an associated invoice, if the invoice is outside of the expected/agreed to range, or if the invoice is from a supplier without a virtual purchasing contract, it can be defined as duplicate, erroneous, or potentially fraudulent.
  • Supplier NetworkOften you know who the suppliers are you want to invite to a sourcing event, and often they are already in your Source to Pay system, but sometimes they aren’t in the system and sometimes you need to invite new suppliers that you don’t know. That’s why Determine is building a supplier network to not only help suppliers centralize their data management across multiple customers, but help buyers search for new suppliers. However, it takes time to build a supplier network so Determine comes …
  • … with TradeShift Integration… so that a buyer can find a new supplier “out of the box”. Tradeshift has a large global supplier network that can be used by any customer to jump-start their supplier identification and management for new sourcing events.
  • Full E-mail Approval SupportRequisitions, purchase orders, invoices, etc. — anything that requires approval can be approved or rejected through e-mail, making it easier for buyers to get quick responses from approvers and executives who never need to log in to the system.
  • DocuSign integrationWhich allows for contracts to be created and signed electronically, eliminating the need for paper contracts (that get lost in filing cabinets), paper couriers (which can lose the contracts or fail to get them to their destination on time), and paper cuts (which are well deserved when paper is wasted).

And the following will be in the next release (end Q2 / beginning Q3):

  • Contingent Labour ManagementThe b-pack platform had a very powerful catalog management system, which has recently been upgraded and extended in the Determine platform with full punch-out support to third party catalogs, and seamlessly integrates hosted catalogs and third party catalogs like any modern catalog system. It also supports standard requisition templates that allow a buyer to order merchandising (and simply specify the quantity and colors, etc. of the merchandise), bound documents (and specify the binding, paper, etc.), and other standard make-to-order products. And with the next release, it will also support embedded continent labour / service management capability where a buyer can search for resources with select skills, request a time of service, and send it off to one or more organizational contingent labour suppliers under contract (or create a requisition that will be fired off to the appropriate buyer for a sourcing event).
  • Workflow Driven Dynamic QuestionnairesAt present, the platform has standard workflows for new supplier registration, RFX creation, and so on, but these simply present pre-made questionnaire and forms to the user. As of the next release, the questionnaires will by fully dynamic and buyers and suppliers will only see the questions and information they need to see based upon their answer to current questions and their industry, product, service, etc.
  • Universal Action PlansOne of the unique offerings of the b-pack platform was action plans, mainly used for corrective action plans in supplier management. In the next release, buyers will be able to create action plans for any process — including sourcing, procurement, and supplier development — manage them, and even tie them to appropriate metrics (built on the relevant platform master data).

And within a year Determine plans to have the Iasta platform native and all of the relevant CLM functionality native on the core b-pack platform, so not only will everything be off of one Master Data Management store, but one seamless user interface as well. And given the rapid pace at which they’ve integrated and extended the core platform so well, you can be sure that as long as Determine is determined, this will happen. In short, if you’re looking for a new S2P platform, this to know provider should definitely be on your short list.

For a deeper dive into the new Determine platform, watch for the two-part Pro coverage by the doctor and the prophet, coming soon on Spend Matters Pro (membership required).