Focus on Corcentric

IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procurement Applications 2023 Vendor Assessment

Corcentric named a Major Player in the procurement applications space in 2023 Procurement IDC MarketScape assessment.

What the assessment reveals:

Procurement continues to face headwinds that can negatively impact the business, from supply chain disruption and inventory shortages resulting from geopolitical instability to rising inflation and labor shortages. To effectively combat these challenges, many procurement professionals are turning to third-party providers who can offer a wide range of applications and support.

The IDC MarketScape is the ICT (information and communications technology) industry’s primary vendor assessment tool that provides an overview of the competitive fitness of ICT suppliers in a given market. In this case, an assessment of SaaS and cloud-enabled procurement applications vendors will give businesses the qualitative and quantitative information necessary to make the most informed choice when it comes time to select a vendor.

Corcentric is honored to be named a Major Player in this MarketScape with its offering of procurement-centered applications.

What you will learn:

The report highlights Corcentric’s strengths, including:

  • Ancillary services including supply chain financing and managed services, providing clients with a greater range of options.
  • A flexible approach and willingness to support customization of clients’ respective instances.
  • Exceptional support services and a very responsive support team – clients consider Corcentric a trusted partner.

Download the report to see why IDC considers Corcentric a Major Player in the procurement applications space.

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.