New Research: A Foundational Look at P2P (Including eProcurement) Technologies and Vendors
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Nearly all of the vendor management system (VMS) providers that Spend Matters has recently spoken to suggest that analytics and reporting is what differentiates them from the rest. Yet in terms of absolute capability, Spend Matters believes that procurement, HR and IT organizations rarely get what they need from VMS analytics in the their own deployments. When it comes to services procurement, the fundamental challenge is that rather than using analytics as a means to explore a potentially infinite number of datasets and opportunities, Spend Matters has observed that the majority of VMS deployments rely on no more than a dozen or so canned reports to drive basic insights and reporting on a periodic (e.g., quarterly) basis.