Establishes E-Procurement TechRankings
businesses manage to navigate the maze of enterprise software applications
without some guidance from analysts or consulting firms. For companies
that are in the market for new e-procurement systems, Forrester
Research (Nasdaq: FORR) has added a category to its TechRankings.
said its laboratory-based evaluation of e-procurement products was
conducted against more than 800 benchmarks solicited from IT and
purchasing experts. In the end, the Cambridge, Massachusetts-based
research company devised 10 factors by which to judge the e-procurement
Up the Majors
of the major vendors in the space took part in the eProcurement
Application TechRankings, according to Forrester. Along with its
partner, Doculabs, Forrester
assessed offerings from five key vendors: Ariba Buyer 7.0, Clarus
eProcurement 6.1, i2 RightWorks 7.05, iPlanet BuyerXpert 4.1 and
MRO Software's MAXIMO Buyer 4.1.1.
start to finish, the initial launch of the eProcurement TechRankings
took about five months," Forrester analyst Sharyn Leaver told
CRMDaily.com. She said that time was spent conducting interviews
with 50 companies looking at e-procurement products and developing
the more than 800 ranking criteria before conducting the hands-on
lab testing of the products.
study found that companies want applications that are easy to use
and that integrate with existing ERP systems and suppliers. They
also seek out e-procurement apps that reduce transaction costs,
improve contract compliance and reduce total spending.
the e-procurement pure plays have spent the past few years building
increasingly extensive and flexible software specifically for e-procurement,
enterprise software veterans are using their back-end procurement
expertise and installed base to extend their e-procurement presence,"
Forrester analyst Sharyn Leaver said.
vendors are making strides, but no single solution can satisfy all
e-procurement situations," Leaver added.
explained that pure-play products that are designed to integrate
well into existing ERP systems -- and that come with top-notch professionals
who can build a system that encompasses the entire procurement process
-- are the ones that will gain the biggest market share.
Clarus Stand Out
product is appropriate in different scenarios," Leaver told
CRMDaily. "But, Ariba received superior results in several
areas like process configuration and supplier enablement,"
also show signs of understanding and supporting the entire procurement
process with their new release of Ariba Enterprise Sourcing and
vision to provide complete integration between their Sourcing and
Buyer products -- and add contract management capabilities,"
notable vendor is Clarus, who also scored strongly in purchasing
and process configuration capabilities as well as sourcing and settlement
features," Leaver said. "Though a bit less flexible than
an Ariba solution, they are a good fit for small or midsize firms
with simple yet comprehensive procurement processes."
said its TechRankings are designed to provide businesses with an
objective, independent assessment for evaluating products -- similar
to a specialized "Consumer Reports." The company said
it plans to add more vendors and products to this TechRankings category
as it completes more lab research.