Critical Capabilities for Best-of-Breed E-Procurement Vendors

In ‘Critical Capabilities for Best-of-Breed E-Procurement Vendors’*, industry analysts Gartner assessed the most common capabilities required by clients in an eProcurement system: Proactis scored 4 out of 5 or higher on 9 of the critical product capabilities and was awarded a rating of the full 5 out of 5 in the areas of Internal Store Support and Basic Purchasing Functionality.

With the increase in demand for eProcurement solutions, this timely report provides a valuable tool for companies looking to control and streamline their indirect spend. They can use Gartner’s assessment of the world’s 14 best-of-breed vendors to evaluate and shortlist appropriate solutions for their organisation.

Proactis Group Chief Executive Officer, Rod Jones said: “Like Gartner, we have noticed a rise in companies looking at eProcurement solutions to reduce costs in what is a difficult economic period. These organisations acknowledge that the returns to be made, in terms of reduced costs, increased control and enhanced financial visibility, are well worth the initial investment, and this has been supported by our customers own ROI stories."

In the report Gartner says to “consider an investment in e-procurement for indirect spend as an effective means to cut costs both in the short term (by slowing down or redirecting spend) and in the long term (by improving compliance to strategic sourcing agreements).”

_{*Critical Capabilities for Best of Breed E-Procurement Vendors, Debbie Wilson, June 8, 2009}

To access a complimentary copy of the Gartner report, visit www.proactis.com/gartner