ConnXus is Spend Matters SolutionMap validation

ConnXus Ranks as ‘Value Leader’ in Spend Matters SolutionMap

Spend Matters SolutionMap enables procurement professionals to compare and select a technology provider best fit for their needs. Each SolutionMap ranks technology providers based on customer and analyst input, buying personas and quarterly market developments.

ConnXus is ranked as a Value Leader for Nimble and TurnKey buying personas in the Supplier Relationship Management (SRM) and Risk technology category? So what does this all mean?

Spend Matters ranks these technology provider categories for SolutionMap placement:

  • Contract Lifecycle Management (CLM)
  • E-Procurement
  • Invoice-to-Pay (I2P)
  • Procure-to-Pay (P2P)
  • Source-to-Pay (S2P)
  • Sourcing
  • Spend and Procurement Analytics
  • Strategic Procurement Technologies (Sourcing, Analytics, CLM, and SRM)
  • Supplier Relationship Management and Risk (SRM)

ConnXus is a Supplier Relationship Management and Risk technology provider

Every procurement organization is unique and possesses its own persona and technology needs. Technology providers that compete for SolutionMap placement can be ranked in five buying personas: nimble, deep, configurator, turn-key, and CIO-friendly.

  1. Nimble – “My organization is dynamic, results-focused, has limited IT department involvement, is risk-tolerant of new approaches and providers, is often decentralized, rapidly growing and/or is middle market. We need speed to value, low pricing; modern, intuitive, cloud-based software with optional value-added service.”
  2. Deep – “My organization is highly sophisticated, rigorous, somewhat complex, risk-tolerant, and happy to push limits of tech to create more value. We need the most comprehensive tailorable solution for the job; best in-class functionality, breadth, depth, and ability to support our sophistication.”
  3. Configurator – “My organization is moderately to highly sophisticated; has unique processes from unique, often complex supply/value chains. We need an emphasis on flexibility modularity, configurability and internal/external integration to ultimately support my organization’s diverse and evolving needs.”
  4. Turn-Key – “My organization is out-come focused; TCO approach to implementations; is often risk-averse and skeptical based on previous experiences. We need a combination of software capability and supporting services to contractually deliver results and a defensible ROI; pre-loaded capabilities, content, and know-how.”
  5. CIO-Friendly— “My organization has a strong IT backbone, high IT influence and investment for buying decisions; big focus on security, standardization, control, and risk/compliance. We need IT support and CIO endorsement; a new ‘skin’ atop existing systems to optimize.”

ConnXus outranks most providers in the nimble buying category and landed as a Value Leader for turn-key buying personas. View ConnXus’ full SolutionMap summary on Spend Matters.