In the Spend Matters® Spring 2022 SolutionMap SupplHi made, once again, an impressive positioning across all Personas (SME – MID – LARGE), ranking among the best Value Leaders in the “Supplier Relationship Management and Risk” (SXM) category.
Compared to the previous edition in Fall 2021, SupplHi is now in the top-right position for every persona in the SXM map, often in a better positioning than more established players in the market.
Spend Matters is a global content community and hub with over 15years of existence in the procurement sector. It publishes the SolutionMap twice a year, every Spring and Fall, where it collects the analysis of its procurement specialists and aims to establish a benchmark for comparing and ranking the best upcoming technology advancements in the procurement field.
The press release on the 2022 Spring edition of Spend Matters SolutionMap can be read on their website, where you can also download a free copy of the SolutionMap.
SUPPLHI LEADERSHIP
The Spring 2022 SolutionMap (below) shows how SupplHi, at its second-ever participation in the SolutionMap, managed to once again score as the best Value Leader in the “Supplier Relationship Management and Risk” category for the SME and MID personas – respectively with <$100M/year and $250M-$1B/year revenues. This typically indicates highly configurable functionality with quick deployment enabled with content and capabilities to support multiple regions. SupplHi also positioned itself in the top-right corner, i.e., among the best Value Leaders, for LARGE persona with revenues >$1B/year, as a testimony to the advanced functionality, complex deployment and global services and support.
Achieving above-average scores from both the analysts and the customer feedback, SupplHi was able to position itself among the best value leaders, a true testimony to the hard work put into developing and expanding the capabilities of the tool in the six months since the previous assessment cycle.
To SupplHi, this is a special recognition, as it shows appreciation and understanding of the potentialities of our innovative Vendor Management platform as well as of the strategic development that we are putting into place.
“To be in the top-right corner for every persona in the SXM map is a great recognition of our efforts and motivates us to keep improving the solution. The SupplHi team would like to extend its thanks to the hardworking and committed Spend Matters team for confirming the recognition of the value of our platform.” Giacomo Franchini – Director SupplHi
THE SOLUTION MAP
Spend Matters SolutionMap is the tool that allows companies to understand and easily scout the latest technology advancements and whether or not they represent the asset they need to streamline internal processes. Built on deep analysis and comparisons, the SolutionMap is an effective ranking of the existing solution providers, as it offers rankings of a technology within the procurement and supply chain spectrum, it is composed in equal parts of customer and analyst input, it is built considering different organizational needs, analysed as ‘buying personas’ and is updated semiannually to reflect the latest market developments.
The methodology implemented in the SolutionMap is a unique combination of scores provided by internal Analysts and Customers using the technology under evaluation, with the latters being asked to provide precise feedback on the user experience and validity of the tool. To participate in the process means to undertake a long and intense questionnaire based on a rigorous, data-centric functionality assessment process leveraging over 500 RFI requirements across 10 source-to-pay modules and suite technology categories, as proudly explained by SpendMatters.
The SolutionMap, according to its creators, is the perfect tool to allow procurement professionals “to comprehensively benchmark available solutions against their own buying needs using the persona-based approach, as well as to pinpoint the actual capabilities of each participating vendor”.