This IDC study presents a vendor assessment of procurement as a service through the IDC MarketScape model. This assessment discusses both quantitative and qualitative characteristics that explain success in the ecosystem. This IDC MarketScape covers a variety of vendors participating in the procurement-as-a-service space. The evaluation is based on a comprehensive and rigorous framework that assesses vendors relative to the criteria and to one another and highlights the factors expected to be the most influential for success in the market during both the short term and the long term.
"The key to a successful procurement-as-a-service engagement stems from the flexibility of the engagement (including modular services, talent and resource allocation, and strategic partnerships based on collaboration) in combination with industry and benchmarking expertise," says Ali Close, senior analyst, Finance, Accounting, BPaaS, and Analytics Services.