In May 2018, Gartner, the world's leading research and advisory company, released their “Magic Quadrant for Procure-to-Pay Suites.” We are honored and excited to receive an honorable mention from Gartner. We see this inclusion as validation of our strategy of applying Business to Consumer (B2C) capabilities to the Procure-to-Pay process with an eye toward driving higher levels of adoption and increased spend compliance.
B2C Is the Next Evolution
BuyerQuest saw that the B2C space offered the next evolution for Procure-to-Pay, and it all starts with Search. By providing users an easy, e-commerce like interface to search for and buy products and services, users are more likely to perform their purchases through the B2C-style BuyerQuest platform vs. purchasing off-contract. While the purchasing experience may mimic a B2C platform, the back-end controls apply advanced workflows and manage PO creation, invoicing and payment to ensure a compliant Search - Buy - Pay process.
All Industries Can Benefit
Whether the business is in an industry like Airlines, Construction, Education, Grocery, Healthcare, Logistics, Media & Entertainment, Oil and Gas, Quick Service Restaurants, Personal Care, or another industry, buyers want a simple, B2C style purchasing experience - just like how they buy at home or on their phones. This is why our technology has helped companies across a wide range of industries drive more spend under management.
We believe that, as businesses continue to realize the importance of the end-user experience across the Procure-to-Pay process, BuyerQuest will one day be recognized as a Leader on the Magic Quadrant for procure to pay suites.
Learn more about BuyerQuest’s industry-leading platform.
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