03 July 2020
- Proactis, the global spend management and B2B eCommerce company, has been recognized, as a representative vendor, in Gartner's latest Market Guide, for E-Sourcing Applications, to help application leaders to understand what's available.
According to the report, E-sourcing applications help enterprises save money and boost productivity by streamlining negotiations. The market is evolving to enable more strategic spend management via advanced analysis and AI-based sourcing. This research will help application leaders to understand the available applications.
The report further states, “E-sourcing applications enable organizations to organize, solicit and evaluate requests for information (RFIs) and requests for proposals (RFPs) from suppliers. These applications enable competitive bidding where the outcome is typically a long-term agreement. Most e-sourcing applications also support reverse auction capabilities. Some applications enable large-scale complex bid events with thousands of line items and awards spanning multiple suppliers.”
“We are delighted to be named in this Market Guide,” stated Paul Massey Product Director at Proactis. “We believe this recognition by Gartner underpins and supports our goal of delivering advanced technology solutions and expert services that our customers truly value.”
Gartner subscribers can view the report here
*Gartner, “Market Guide for E-Sourcing Applications”, Kaitlynn Sommers, Patrick Connaughton, Micky Keck, Balaji Abbabatulla, 29 June 2020.
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