The vendor market place for business commerce solutions is a cluttered space by any measure. While some have pioneered as a one-stop-shop for Collaborative Sourcing and Contract Management, Procure to Pay and Collaborative Finance solutions, many others have excelled in providing specialized point solutions ( eg- Supplier Information/ Performance Management solutions, P2P solutions, CLM solutions, Invoice Management etc).
I would be forgiven if I’d say that the customer is spoilt for choice. With differing needs, priorities and technology adaption maturity across multiple teams in the organization, there is surely a case to work with a myriad set of specialist product vendors that offer point solutions with a slew of cool features and dashboards to go along. Or does it hold merit to have an eye on the big picture and opting for an end-to-end business commerce solutions provider who addresses business challenges more than being a technology provider.
We are curious to know how you went about making the choice between the two. Pick your top three criteria (and supporting reasons ) from the set of options below.
- Features and Functionalities
- Integration Strengths
- Perceived Risk
- Value Delivered ( Lower TCO, Process Improvements, Business Alignment etc)