The Spend Matters PRO Vendor Analysis publishes analysis on Cirtuo Guided Strategy Creation™

The Spend Matters PRO Vendor Analysis recently published their analysis of Cirtuo Guided Strategy Creation™, procurement software that automates category strategy creation.

The Spend Matters PRO Vendor Analysis Update gives a refreshed overview of Cirtuo, a globally adopted procurement software solution developed to support strategization.

In a sea of procurement solutions saturating the market, many providers focus purely on the upstream processes, S2C, which is typically considered more strategic than the downstream P2P processes. In addition, many of these solutions support the execution of S2C processes, such as supplier discovery, qualifying suppliers, and sourcing, so digitizing them makes these processes more efficient and collaborative.

“There is nothing so useless as doing efficiently that which should not be done at all.” — Peter Drucker

Even if some S2C and/or sourcing solutions include a category management module, it is often a simple category-based view of the content in the application. Other solutions rarely contain a module that enables the user to define a proper approach to a category. In short, most applications focus on the WHAT and less on the HOW or WHY.

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Where does Cirtuo Guided Strategy Creation™ sit in this equation?

Cirtuo retains a market-leading position in the digital procurement market. According to Spend Matters, this owes to the solution’s ability to enable customers to develop sound strategies and by providing them with:

1. A clearly structured approach to strategize based on internal demands, market insights, and procurement data to develop a portfolio of actions that can be managed in the solution as initiatives and tracked by users to measure success

2. An AI-enabled solution that takes into account inputs from users to propose a course of actions
Embedded and precise market intelligence powered by The Smart Cube that is the result of research and market analysis
3. An engaging UI to make interacting with the solution as smooth as possible and to ensure that insights and recommendations are clearly presented

Here’s why Cirtuo Cirtuo Guided Strategy Creation™ matters

To the market — Cirtuo serves a mostly untouched niche, the digitalization of strategization in procurement.
To customers — Cirtuo’s customers benefit from a framework, deep market insights, and AI-based recommendations to upgrade their strategic capabilities and track execution.
To potential buyers — Cirtuo’s solution is for organizations desirous of enhancing their procurement acumen by augmenting their teams with an efficient and effective digital solution that embeds strategy-building best practices and deep category insights.

The Cirtuo & Beroe partnership: delivering next-level category strategies

Combined with our recent Beroe partnership, Cirtuo will further increase the quality of client category strategies and accelerate business impact by cutting out time for external market research. By embedding external market intelligence into Cirtuo, organizations can utilize information more effectively and contextualize it within the strategy creation and development process.

Thanks to our friends at Spend Matters PRO Vendor Analysis for giving  their overview of Cirtuo’s capabilities, tech selection tips, and key analyst takeaways.

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