In Critical Capabilities for Strategic Sourcing Application Suites, Source-to-Pay and Contract Management Pioneer Determine Achieves Strong Scores Through Depth of Contract Management Experience
CARMEL, Ind., Oct. 16, 2018 (GLOBE NEWSWIRE) -- Determine, Inc. (NASDAQ: DTRM), a pioneering leader in global Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) Cloud Platform solutions, announced today that the company has achieved outstanding performance scores in multiple categories in the recent Critical Capabilities for Strategic Sourcing Application Suites report released by leading industry analyst Gartner.
The report, the first that Gartner has published on this topic, is a must-have companion piece to the recent 2018 Gartner Magic Quadrant for Strategic Sourcing Application Suites. It explores a range of use cases that add significant dimension to offerings from companies like Determine that are on the Magic Quadrant rankings. The methodology used requires analysts to identify critical capabilities and establish the relative importance of each for specific product/service use cases.
According to the Gartner report, “Determine is suitable for organizations looking for a configurable, tightly integrated, general-purpose strategic sourcing suite with an emphasis on contract management.”
As was demonstrated in a recent Determine webinar, 2018 Sourcing and Contract Management Trends to Watch, the integration of sourcing and contract management is critical to achieving savings, risk and relationship management objectives. The Gartner report specifically cites “Determine’s heritage in contract life cycle management is evident in its strong scores...” as key to achieving high savings, control and compliance scores.
“Coming on the heels of our recent outstanding showing on the Gartner Magic Quadrant for Strategic Sourcing Application Suites, this critical capabilities use case exploration truly demonstrates the advanced innovation that sets Determine apart. As three industry leaders that came together just a few short years ago - Iasta in sourcing, b-pack in procurement and Selectica in contract management - our synergies and technology unification are without peer. This report clearly shows that our original concept for Determine - seamless, modular source-to-pay solutions on one cloud platform - was prescient. We’re proud to be able to provide this level of technology and expertise to our growing base of A-list customers across industries.”
— Patrick Stakenas, President, CEO and Director, Determine, Inc.
For more information on the Gartner Critical Capabilities for Strategic Sourcing Application Suites report, visit gartner.com.
Disclaimer:
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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About Determine, Inc.
Determine, Inc. (NASDAQ: DTRM) is a leading global provider of SaaS Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) solutions. The Determine Cloud Platform provides procurement, legal and finance professionals analytics of their supplier, contract and financial performance. Our technologies empower customers to drive new revenue, identify savings, improve compliance and mitigate risk.
The Determine Cloud Platform seamlessly integrates with major ERP or third-party systems such as SAP, Oracle, Sage, QAD and Microsoft. Modular solutions can be configured to add more as needed to provide additional value beyond spend management. Our unified master database and business process approach empower users at every level to make more informed and smarter decisions.
For more information, please visit: determine.com.
Contact
Media Relations:
Mike Mitchell
Determine Inc.
+1.650.532.1590
pr@determine.com