Malbek Recognized as Contract Lifecycle Management Leader in Spend Matters’ Fall 2021 SolutionMap
Industry-trusted analyst firm welcomes Malbek to its CLM SolutionMap
Malbek, today’s most cutting-edge, AI-fueled Contract Lifecycle Management (CLM) platform, was recognized as a CLM leader in Spend Matters’ Fall SolutionMap. By providing deep, tailored, and current assessments, SolutionMap helps companies compare solution provider capabilities based on organizational needs across the procurement and supply chain spectrum. Further, it enables organizations to track market disruptors, like Malbek.
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“We are honored and pleased to be recognized as a CLM leader for SMEs to large enterprises by Spend Matters,” said Hemanth Puttaswamy, CEO and Co-founder of Malbek. “The SolutionMap rankings are especially important to us since customer feedback plays a meaningful role in spotlighting leading companies. This recognition validates our growth and innovation investments, and we will continue to work to enable customers of all sizes to take their contract management from outdated to state-of-the-art.”
When preparing SolutionMap, Spend Matters takes the following assessment elements into account:
- All elements of the technology
- Integrations
- Supplier experience
- Front end users and administrators’ user experience
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Malbek placed well in all CLM categories, gaining recognition as a Value Leader in the SME category (organizations with revenues < $250M/year), while earning the Customer Leader categorization in both the mid-market (revenues of $250M–$1B/year) and large (revenues >$1B/yr) SolutionMaps.
“Contract Lifecycle Management (CLM) is about managing the ultimate commercial system of record: the contract. The technology market has morphed from managing legal documents (even digitized ones) to managing atomic-level commitments that include not just legal obligations with counterparties like suppliers, but also tying into broader risk, compliance, and performance management areas,” said Pierre Mitchell, Chief Research Officer at Spend Matters. “The real differentiation in CLM comes from best-of-breed enterprise CLM providers who are forging ahead into advanced analytics and AI in order to better develop and manage the critical contract knowledge for both risk management and broader partnering.”
