Quadrant Knowledge Solutions has named ELCOM's EVOLVE as the most versatile and integration-friendly solution in the SPARK Matrix analysis of the global eProcurement market. The study includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning.
According to Akshaysingh Chandel, Analyst, Quadrant Knowledge Solutions, “ELCOM’s EVOLVE P2P system offers end-to-end procure-to-pay capabilities that allow users to request products and services, route them for approval, and transform requisitions into purchase orders.” Akshaysingh adds, “The platform’s key technology differentiators - including an effective configurable workflow process, modular platform interface ability with finance or ERP system, easy setup, and cost-effectiveness, enables the company to deliver a robust technology value proposition and strong customer ownership experience. ELCOM’s ability to cater to diverse use cases, strong integration support, robust product strategy, comprehensive roadmap and constant focus towards offering enhanced procure-to-pay solutions by leveraging AI and data analytics capabilities, has received a strong rating across parameters of technology excellence and customer impact and the company has been positioned as leader in SPARK Matrix: Procure-to-Pay (P2P), 2021."
As per Quadrant Knowledge report, there is an urgent requirement for end-to-end procurement solutions such as EVOLVE Source to Pay (S2P). This integrated solution offers a significant advantage in terms of enhanced visibility into enterprise spends and procurement decisions, greater control on overall performance, increased flexibility, and seamless information flow across different procurement modules. EVOLVE S2P not only improves the overall procurement performance (removing fragmentation, redundancy, and process duplication), but also helps reduce risks and improve overall compliance.
ELCOM solutions are being used in organisations as diverse as central governments, administration agencies, emergency services, medical facilities, universities, schools and academies. ELCOM provides the technology and support services for the Scottish Government P2P system (PECOS) as part of the Scottish Government eCommerce Shared Service. The system processes nearly £8bn of Scottish Public sector spend (roughly 65%) per annum.
Better judgments and decisions with accurate data on past transactions and the status of current orders. Reduced manual mistakes.
Ease of use:
Quickly finding the right goods and the right price with reduce administration efforts. No more matching receipts with deliveries.
Connectivity and Collaboration:
Alignment of people and processes in and out of the organisation. Reduce duplication of effort by sharing data and resources.
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit Quadrant-solutions.com
Founded in 1993, Elcom Systems Limited is a global software company and recognised market leader. The company partners with customers to simplify, optimise and energise their Supply Chain with flexible easy-to-connect eProcurement, eCommerce, eFunding, and eInventory technology. ELCOM helps companies better analyze how to make procurement smarter, more connected, and transparent.
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Elcom Systems Limited is authorised and regulated by the Financial Conduct Authority under registration number 774220. Elcom Systems Limited is not covered by the Financial Services Compensation Scheme. Registered in England under company number 2838561, the registered office is at 2 Angel Square, London EC1V 1NY.