Deciphering the latest Gartner Magic Quadrant for P2P: Determine scored No. 1 for out-of-the-box P2P functionality for projects*
A recent article in the French procurement magazine, Décision Achat, suggests a closer analysis of the situation in the world market for Procure-to-Pay software companies, such as the one conducted by the global analyst firm—Gartner.
Here are some facts brought to light by the Gartner analysis that should catch your attention:
About the P2P market.
The Procure-to-Pay market generates about $4 billion annually with a growth rate of more than 10% per year projected for forthcoming years.
The Postmodern ERP and its impact on the Purchasing Information Systems.
The fascinating analysis of Gartner continues with the implementation of its ERP Postmodern Theory of Purchasing Information Systems. The core of this theory is based on the fact that Internet and Cloud solutions open the doors to collaboration, questioning the ERP vision that has prevailed since the 80s.
A global list of Procure-to-Pay companies is voluntarily limited.
Gartner has not considered companies that do not propose SaaS solutions for its latest MQ in P2P; selecting only 12 software companies including eight located in France. The remaining ratings were determined according to size, international presence and power of marketing regarded as an execution ability.
Determine Procure-to-Pay solution integrated with the Source-to-Pay Cloud Platform is among the top 12 global P2P providers.
Determine is proud of this recognition, noting that the analysis took place at the time of the initial merger between Selectica and b-pack, which was finalized on August 3, 2015.
Special recognition: Determine scored No. 1 for out-of-the-Box P2P functionality for projects.
* Recognized for its extraordinary out-of-the-box capabilities, and the most effective means of simplifying and reducing project costs. This is proof of the essential quality of the Determine Cloud Platform.
See you soon to talk about your projects…
Gartner subscribers can access the report here:
*Gartner, “Magic Quadrant for Procure-to-Pay Suites for Indirect Procurement”, Magnus Bergfors, Paolo Malinverno, Deborah R Wilson, 24 March 2016. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.