The publication of a new Forrester Wave report (or Gartner Magic Quadrant for that matter) generates a lot of excitement to those of us in the industry. Forrester more recently updated their focused report on SRPM, with The Forrester Wave™: SRPM Platforms, Q3 2020, which provides more in depth analysis of that specific area. It covers spend analysis, sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s Strategic Sourcing Application Suites Magic Quadrant. The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave™: Source-To-Contract Suites, Q4 2019. The first, authored by Duncan Jones and published on December 10, is The Forrester Wave™: eProcurement Platforms, Q4 2019, which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ). Last year Forrester published 2 major Wave reports, which together span the full Source-to-Pay process. It makes the case for complete suites over best-of-breed and goes into details as to why ERP vendors are simply struggling to be competitive outside their core areas. This article pulls together several experts on the Source-to-Pay process including Alex Saric of Ivalua and Duncan Jones and Andrew Bartels of Forrester.

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