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Description
Supplier value management (SVM) is the application of procurement, sourcing, spend analytics, contract management, supplier management, accounts payable (AP) invoicing, travel and entertainment (T&E) expense management, and business networks that companies use to support these buy-side processes. This webinar provides Forrester’s perspective on the size, growth, and trends in this software market and introduces Jeffrey Ragamani, Forrester’s new analyst for this market.
Key takeaways:
- The SVM market will grow by 17% in 2022 and will reach $14 billion.
- Contract lifecycle management, spend analytics, and services procurement will have the fastest growth at 20% or more.
- Source-to-contract suites, procure-to-pay suites, and full source-to-pay suites are significant presences in the market, but specialist vendors hold expanding shares of many markets.
- Over 100 vendors compete in these markets, with no dominant vendor in any one.
- Companies who use or plan to acquire these software products can use this session to understand the state of demand and the vendor options that they face.
Target audience: all levels
Vendors: Corcentric, Coupa, GEP, Ivalua, JAGGAER, Oracle, SAP, Synertrade, and Zycus.
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