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Associated Press
25-03-2025
- Business
- Associated Press
Exiger Named Best-of-Breed Solution and Value Leader in Spend Matters 2025 SolutionMap
Exiger Earns Category's Highest Functional Scores in Both Supply Chain Risk Management and Third Party Risk Management WASHINGTON, March 25, 2025 /PRNewswire/ -- Exiger, the market-leading supply chain and third-party risk AI company, is a top-ranked vendor in Spend Matters' 2025 SolutionMap and TechMatchSM procurement technology rankings, which include over 100 procurement technology vendors. Exiger was recognized as a 'Best-of-Breed Solution' and named a 'Value Leader' for the second consecutive release of Spend Matter's biannual report. Exiger received the highest functional scores for both Third Party Risk Management and Supply Chain Risk Management, highlighting the sophistication and maturity of Exiger's platform's capabilities relative to the market. Exiger has also been recognized by Spend Matters as a 50 Providers to Know vendor. 'We applaud Spend Matters' work to conduct a data-driven, independent analysis of the different solutions in a busy market and to spotlight the technologies that deliver real and differentiated value,' said Exiger CEO Brandon Daniels. 'Our customers remain the driving force behind our push to innovate, to develop new capabilities and to deliver more efficiencies, and are therefore inextricable from the success of Exiger's solutions.' 'Selecting procurement and finance technology is getting more and more complicated as vendors continue to innovate in different directions and the market expands into adjacent areas of finance and supply chain,' said Spend Matters Founder Jason Busch. 'Moreover, tech investment stakes are also higher than ever as budgets come under scrutiny and rapid savings/ROI is more important than ever.' Spend Matters' SolutionMap includes both new and established vendors, and compares technologies on two main factors: technical capability and customer ratings. SolutionMap data is acquired through the completion of an in-depth RFI to validate the true capabilities of procurement solutions. The RFI is built by a combination of the Spend Matters analyst team, customers, and consultants to ensure requirements are comprehensive and relevant to procurement tech buyers. Capability definitions, market segments, and capability weightings are determined before issuing the RFI to ensure consistent application across all reviewed vendors' solutions. Spend Matter's RFI requirements cover all elements of a technology, in-depth platform scoring and integrations, supplier experience, and front-end user and administer user experience. About SolutionMap SolutionMap launched in 2017 and is published twice annually. Since then, many procurement professionals have subscribed to Spend Matters Insider and TechMatchSM to gain access to deeper data cuts and vendor intelligence to drive procurement technology selection decisions. See membership comparisons and details here. The Spend Matters website and Insider technology comparison tool allow solution providers, practitioners, consultants and investors to directly compare vendor feature/function and customer scores on a case-by-case basis, allowing for the most informed technology decision making. For more information or to see an Insider demo or become a member, please reach out. Read more about the SolutionMap methodology and see our code of ethics. About Spend Matters — Solution Intelligence for Procurement Spend Matters started as the first blog and social media site in the procurement and supply chain sector and has since grown into the leading source for data-backed technology and solutions intelligence. Serving private and public sector organizations, consultants, private equity and services and solution providers, Spend Matters drives strategic technology purchasing decisions and superior marketing and sales, product and investment outcomes for clients. Spend Matters is the only tech-enabled, proprietary data platform with exclusive IP that serves the global procurement, finance and supply chain technology ecosystem. About Exiger Exiger is revolutionizing the way corporations, government agencies and banks navigate risk and compliance in their third-parties, supply chains and customers through its software and tech-enabled solutions. Exiger's mission is to make the world a safer and more transparent place to succeed. Empowering its 550 customers across the globe, including 150 in the Fortune 500 and over 55 organizations across the Defense Industrial Base and government agencies, with award-winning AI technology, Exiger leads the way in ESG, cyber, financial crime, third-party and supply chain management and recently achieved FedRAMP® Moderate Authorization. Named one of Fast Company's 2023 and 2024 'Brands That Matter' and recipient of the Third Party Risk Association's 2024 Innovator Award, Exiger's work has been recognized by 50+ AI, RegTech and Supply Chain partner awards. Learn more at LinkedIn. Press contacts:
Yahoo
19-03-2025
- Business
- Yahoo
GEP PROCUREMENT SOFTWARE SECURES THE TOP RANKING IN SPEND MATTERS SPRING 2025 SOLUTIONMAP, DOMINATING 12 CATEGORIES
Citing innovation, depth, and AI-driven intelligence, Spend Matters ranked GEP SMART as the highest-rated solution suite for the eighth consecutive report. GEP outscored 105 other solution providers in source-to-contract (S2C) suites, source-to-pay (S2P), supplier risk management, and the fast-growing intake and orchestration category. The industry's most comprehensive assessment reaffirms GEP as the leading AI-driven platform for procurement, supply chain, and sustainability. CLARK, N.J., March 19, 2025 /PRNewswire/ -- GEP®, a leading provider of AI-driven procurement and supply chain software and services for Fortune 500 and Global 2000 enterprises worldwide, announced that GEP SOFTWARE™ has once again secured the top ranking in source-to-pay (S2P), source-to-contract (S2C), and 10 other key categories in the Spend Matters Spring 2025 SolutionMap, the industry's most data-driven evaluation of software providers. Go here to view Spend Matters Spring 2025 SolutionMap. Notably, GEP led the field in Intake & Orchestration, a rapidly growing category that helps procurement teams automate and standardize workflows, improve stakeholder engagement, and maximize efficiency. Spend Matters cited GEP's unmatched functional depth, innovation, and customer satisfaction, recognizing the company's leadership in unified S2P platform providing integrated analytics, workflow, and user experience, stating: "GEP's Value Leader placements in the technically extensive SolutionsMaps clearly depicts its market dominance, leading-edge innovation, and unparalleled functional breadth and depth. These placements reflect GEP's very strong capabilities to deliver unmatched value in procurement and supply chain transformation to enterprises around the globe." GEP achieved the highest ranking across 12 key areas, including: Source-to-Pay (S2P) & Source-to-Contract (S2C) – Recognized for the most comprehensive suite in procurement, spanning spend analytics, sourcing, contract lifecycle management, and supplier collaboration. Sourcing & Direct Sourcing – Top-rated for advanced sourcing workflows, AI-driven cost modeling, and category management. Supplier & Risk Management – Highest-scoring platform for supplier risk visibility, onboarding, and performance tracking. Contract Lifecycle Management (CLM) – Superior contract analytics, compliance tracking, and automated contract execution. E-Procurement & Invoice-to-Pay (AP/I2P) – Industry-leading configurability, seamless ERP integration, and AI-powered spend optimization. Carbon Management (CO₂ Tracking) – Best-in-class capabilities for supplier sustainability, emissions tracking, and regulatory compliance. Intake & Orchestration – A game-changer in procurement efficiency, leading a newly evaluated category for automating intake requests and connecting procurement to the business Spend Matters' SolutionMap is the most data-centric functionality assessment of procurement technologies in the industry. SolutionMap Insider put 106 procurement technology vendors through rigorous functionality and capability assessments via 500+ RFI requirements across 12 source-to-pay (S2P) categories, with mandatory demos and impartial, anonymized customer ratings. It provides procurement leaders to evaluate the level of integration between product modules and suites and the overall interoperability with ERP and broader technologies, as well as the quality and effectiveness of advanced technologies, such as AI. GEP SOFTWARE encompasses GEP SMART™, named the world's best procurement software for the second year in a row, and GEP NEXXE™, the next-generation cloud-native supply chain unified platform. GEP SMART and GEP NEXXE are powered by GEP QUANTUM™, the industry's leading AI-first, low-code platform for procurement, supply chains and sustainability. It enables clients to drive optimum efficiency, agility, visibility and actionable intelligence into all procurement, purchasing and supply chain functions while eliminating burdensome infrastructure and support costs to achieve maximum ROI. About Spend Matters SolutionMap Rankings Spend Matters believes sound procurement tech selections consider the solutions' concrete capabilities to meet a company's user needs and unbiased customer feedback. Its SolutionMap market rankings are freely accessible and published twice annually since 2017. SolutionMap is known as the most rigorous, data-centric functionality assessment of procurement technologies in the industry, with over 500 functional and platform components across the source-to-pay landscape to discern the level of integration and interoperability between product modules, suites, ERPs, and broader technologies — as well as the quality and effectiveness of advanced technologies such as AI. Procurement professionals can subscribe as Insider Members to directly compare solution features/functions and customer scores on a case-by-case basis leveraging data-driven apps and analyst assessments. About GEP SOFTWARE™ GEP SOFTWARE provides AI-powered digital procurement and supply chain platforms that help global enterprises become more agile, resilient, competitive and profitable. With beautifully rendered interfaces and flexible workflows, GEP provides users fresh, intuitive digital workspaces that yield extraordinary levels of user adoption and meaningful gains in team and personal productivity. GEP products capitalize on machine learning and cognitive computing, advanced data and semantic technologies, IoT, mobile and cloud technologies, and are designed to incorporate continual innovations in technology. GEP's software integrates quickly and easily with third-party and legacy systems, such as SAP, Oracle and all other major ERP and F&A software. And with superb support and service, GEP is an industry leader in customer satisfaction and loyalty. GEP's cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Forrester, IDC, Procurement Leaders and Spend Matters. GEP SOFTWARE is part of Clark, NJ-based GEP — the world's leading provider of AI-powered procurement and supply chain software, strategy and managed services. To learn more, visit Media ContactDerek CreeveyDirector, Public RelationsGEPPhone: +1 732-382-6565Email: View original content to download multimedia: SOURCE GEP Sign in to access your portfolio
