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| Some software companies offer technology platforms that can satisfy a wide range of sourcing/procurement needs; others apply spend-management software to a range of specific services. |
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CFO Staff,
CFO IT
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| Spend Management: The Big Picture |
Ariba
Founded 1996, annual revenue $246 million
Products:
Ariba Spend Analysis, Ariba Strategic Sourcing, Ariba Supplier Performance Management, Ariba QuickSource, Ariba Contract Workbench, Ariba Buyer, Ariba Category Procurement, Ariba Travel & Expense, Ariba eForms, Ariba Invoice, others
Focus:
With nearly two dozen products, market-leader Ariba provides domain expertise, operational services, and technology solutions that facilitate virtually all aspects of spend management. Software and domain experts work in tandem to create and optimize a closed-loop spend-management process. Ariba's extensive supplier network provides access to more than 100,000
suppliers transacting $60 billion per year.
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Emptoris
Founded 1999, privately held
Product:
Emptoris 5 modules include Spend Analysis, Negotiation Suite, Contract Management, Supplier Performance Management
Focus:
Emptoris 5 is a comprehensive suite of Web-based applications that integrate spend analysis, supplier negotiation, optimization-based bid analysis, contract compliance, and supplier performance management capabilities. Allows customers to identify and prioritize procurement savings opportunities, negotiate cost savings and value creation opportunities with vendors, and track contract compliance and supplier performance improvement initiatives.
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ICG Commerce
Founded 1992, privately held
Products:
RealExchange, RealSource
Focus:
Services include spend analysis, sourcing, content management, purchase-to-pay transaction automation, and procurement outsourcing. With a Web-based hosted purchase-to-pay platform (RealExchange) at its core, clients can place and track orders more effectively with selected suppliers, while supplier invoices are checked for accuracy and routed electronically to streamline AP. RealExchange works with ICG tools or any existing ERP, E-procurement or back-office system. |
Ketera Technologies
Founded 2002, privately held
Products:
Spend Analysis, e-Procurement, Contract Management, Service Procurement
Focus:
Ketera offers a complete "on-demand" suite of applications and services encompassing spend analysis, e-procurement, services procurement, and contract management. Provided in a hosted model (including a new self-service "express" version for the mid-market), the suite enables clients to gain control over their services spending, including temporary labor, professional and consulting services, IT services, facilities management, and human-resources management. |
Oracle
Founded 1977, revenue $10.6 billion (not including PeopleSoft acquisition)
Product:
Oracle Daily Business Intelligence for Procurement, PeopleSoft supplier relationship management suite
Focus:
Oracle Daily Business Intelligence for Procurement enables spend analysis, supplier management, contract utilization, and productivity measurements, and provides up-to-the-day information on price increases and decreases, changes in the quantity of items purchased, trends in contract utilization, analysis of supplier performance, and a variety of spending trends. Oracle will also continue to support the multimodule supplier relationship management product line from PeopleSoft. |
Perfect Commerce
Founded 1999, revenue approximately $30 million
Products:
PerfectInsight suite (including Spend Analysis, Custom Benchmark, and Market Research), PerfectSource, PerfectProcure, others
Focus:
The PerfectInsight suite helps clients analyze spending patterns, track commodity prices, make fact-based purchasing decisions, and determine supplier negotiation strategies. The Spend Analysis module provides in-depth analysis of spend data by total spend, transaction types, buying frequency, and the number and types of suppliers in a customer's supply base. The product identifies cost-reduction opportunities based on internal requirements and supply-management strategy. |
SAP
Founded 1972, revenue $9.6 billion
Product:
mySAP Supplier Relationship Management (SRM)
Focus: mySAP SRM is a purchasing platform that provides full-cycle sourcing and procurement from strategy to execution. Available as part of the mySAP Business Suite or as a stand-alone product, it includes all the tools to analyze spend, improve visibility, manage contracts, compress cycle times, and connect with hundreds of suppliers. Powered by the SAP NetWeaver application/integration platform, mySAP SRM works seamlessly with any ERP, PLM or SCM product. |
SAQQARA
Founded 1995, privately held
Product:
Saqqara Commerce Data Management (CDM) for e-Procurement
Focus:
Gathers, organizes, and manages the vast quantities of supplier data and contract terms, enabling suppliers on the buying organization's preferred network, and easing end-users' compliance-to-procurement processes. CDM combines patented technology, enterprise-strength IT operations, and human expertise in a scaleable, Web-based managed service. Handles the entire catalog-management process: supplier engagement, content acquisition, content transformation, exception management, filtering, and more. |
SAS Institute Founded 1976, privately held
Product:
SAS Supplier Relationship Management 3.0
Focus:
SRM 3.0 includes four modules that address spend analysis, procurement score-carding, sourcing data quality, and sourcing strategy. The modules can be used as stand-alones or integrated as needed. The suite emphasizes accurate data analysis and reporting and provides a foundation for enterprisewide e-procurement and sourcing initiatives. Launched in 1999 and now used at 500 customer sites in 26 countries. |
Tradestone Software
Founded 2003, privately held
Product:
TradeStone SteppingStones Suite
Focus:
Using Web Services technology, SteppingStones supports all key functional areas of international buying and selling, including the RFQ, order management, track-and-trace visibility, compliance certainty, payment processing, and spend analysis. Web-based SteppingStones requires no up-front training for companies or suppliers. It unifies international and domestic business practices and can work as a stand-alone service or be layered into existing applications. |
Verticalnet
Founded 1995, revenue $24 million
Product:
Verticalnet Supply Management XE
Focus:
Built on a platform that provides advanced decision support and ensures compliance throughout the supply-management life cycle, Verticalnet solutions include spend analysis, sourcing program management, and negotiation, contract, and performance management
capabilities. Verticalnet offers deep sourcing domain knowledge, broad category expertise, and a full range of enabling services that include training, help-desk, and real-time event support. |
ZYCUS
Founded 1998, privately held
Product: Spend Data Management suite, including AutoClass and AutoSpec
Focus:
Zycus's automated spend/master data classification and enrichment software resolves data quality problems that cause poor spend visibility, ineffective purchasing compliance, and low adoption of E-procurement. It plugs into existing infrastructures, including ERP, data-warehouse, and E-procurement applications, helping companies build end-to-end solutions for spend visibility,
purchasing compliance, item master enrichment, and catalog search. |
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