Onventis ranks as customer leader in 4 Spend Matters SolutionMap categories
Onventis has again been recognized as a leading provider for Procure-to-Pay (P2P), E-Procurement, AP Automation/Invoice-to-Pay (AP/I2P) and Spend Analytics in the latest Spend Matters SolutionMap benchmarking for Fall 2022. Spend Matters is the leading source for data-backed procurement technology and solutions intelligence.
Spend Matters releases SolutionMap Fall 2022 rankings
The Spend Matters SolutionMap benchmarks world’s top-class vendors on digitalising the procurement process. For the second time, Onventis ranks in the Customer Leader quadrant within the “Mid” market persona for all four categories. The Spend Analytics SolutionMap for the “Mid” persona even shows Onventis as the international 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). Onventis is also amongst the top providers for Procure-to-Pay for SME, mid and large companies.
Onventis had previously been recognized as a leading provider in the Spend Matters SolutionMap benchmarking for Spring 2022, plus lately been featured in the “50 Providers to Watch” for the second time. The release of the Spend Matters Fall 2022 SolutionMap procurement technology benchmark rankings includes 73 procurement technology solutions across the source-to-pay spectrum. It is known as the most rigorous, data-centric functionality assessment of procurement technologies in the industry. The SolutionMap contains 500+ RFI requirements across 10 source-to-pay modules and suite technology categories to pinpoint the actual capabilities of each participating vendor. Customer feedback also factors into where vendors rank on the maps. The Spend Matters SolutionMap is updated and published every six months to accurately reflect solution updates.