For Business Process Professionals

Primary Analyst Photo	Document Information	Rate this Document
	July 19, 2004 Spend Analysis: Key App, Few Vendors Spend Management Suite Vendors Buying Up Independents by Andrew Bartels with Laurie M. Orlov, Natalie Lambert

This is an excerpt

Executive Summary

Automated spend analysis is emerging as a key software application (or service) for helping companies understand which employees buy what from which vendors, with benefits of identifying sourcing opportunities and tracking employee purchasing and compliance with sourcing policies. Five software vendors have developed analytical tools for interpreting invoices, purchase orders, and spend data and classifying that data by product and supplier. Acquisitions by sourcing vendors (Ariba, Emptoris, Ketera Technologies, and Verticalnet Software) have narrowed the field of independent software vendors (ISVs) to one (Zycus), with further acquisitions likely. Companies seeking an automated spend analysis solution should choose among these five vendors, but recognize that further changes in the landscape are likely.

TABLE OF CONTENTS

• Automated Spend Analysis Grows In Importance
• Vendor By Vendor: Profiles And Prospects
• Market Is Small But Growing Rapidly

RECOMMENDATIONS

• Choose On Functionality, But Use Vendor Factors To Narrow Field

WHAT IT MEANS

• More Acquisition/Merger Frenzy Is Coming
• Supplemental Material
• Related Research Documents

This is an excerpt

Buy Risk-Free

Price: US $2495

Our Service Guarantee: If you are not completely satisfied with this document, notify Forrester within 24 hours of purchase for a full refund.

Already a Forrester Client?
Log in to read this document.