Vizibl, the leading SaaS platform for Supplier Collaboration, announced today that it has been included in the list of Cool Vendors in Sourcing Technology, by Gartner.
Gartner’s Cool Vendor research is designed to highlight interesting, new and innovative vendors, products and services. According to the report, “There are a large number of vendors with highly fragmented offerings and different applications for managing suppliers, this makes it hard for organisations to create an impactful shortlist, especially for emerging technology solutions. Chief Procurement Officers can use this Cool Vendors research to improve their group’s capabilities to drive better collaboration and business decisions.”
As stated in the report, “Supplier management initiatives are often broad, and many organisations have no clear definition of what they want to achieve with a technology solution. This is partially caused by the lack of verification of solution claims and carefulness of not considering emerging technologies earlier in the process.”
Promising cool supplier management vendors, covered in the report, “offer solutions that augment an organisation’s ability to preserve and extract added value from new and existing supplier relationships,” according to Gartner. Gartner “looked for solutions and vendors that could fill specific use cases in a company’s digital roadmap. The cool vendors [in the report] target the need for better and more collaborative supplier management with faster and better decision making across increasingly complex and ever-expanding supply chain networks and supplier ecosystems.”
The report homes in on why Vizibl is cool, stating: “Vizibl takes supplier collaboration to the next level. It enables companies to efficiently manage complex relationships with strategic suppliers and develop these to their full potential. Its distinctive approach provides its users with a complete view of each strategic supplier relationship, providing the ability to define and track progress towards strategic objectives. It also enables an effective governance structure that streamlines communication between multiple internal stakeholders and their supplier counterparts.”
Commenting on the report, Mark Perera, Founder and CEO, Vizibl says: “We are delighted to be recognised as a Cool Vendor. We pride ourselves on delivering technology that drives collaboration and innovation that delivers ‘procurement with a purpose’ and supply chain solutions to the market. We are committed to disrupting the way that organisations work with their suppliers as we drive companies towards a more resilient and sustainable way to buy the goods and services they need.”
Underlining the relevance of Vizibl’s technology to the evolution of supplier management, the report notes: “Vizibl enables companies to answer one of the most challenging questions: what is the value of supplier collaboration?”
Gartner subscribers can view the Cool Vendors in Sourcing Technology here.
Gartner “Cool Vendors in Sourcing Technology” was authored by analysts Koray Kose, William McNeill, Miguel Cossio, 25th September 2020.
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Vizibl is a leading SaaS supplier collaboration tech platform that enables enterprise buyer organisations, at scale, to manage better supplier partnerships, accelerate innovation and drive growth.
Vizibl has been named as one of the 5 technology companies changing the way organisations do business in the "IDC Innovators Report 2020", has been nominated by Procurement Leaders in their ‘Technology of the Year 2020’ category and is ranked by Spend Matters in their "Top 50 Tech Companies To Watch" list. With a co-founding team led by Mark Perera (founding CEO of Procurement Leaders) and Alex Short, Vizibl is transforming how companies tap into the power of their suppliers.
Jim Pople, PR Manager
C8 Consulting for Vizibl
+44 (0)7955 030191