TrueCommerce Recognized in 2022 Gartner Magic Quadrant for Multienterprise Supply Chain Business Networks
— The Company is recognized based on its Ability to Execute and Completeness of Vision —
TrueCommerce, a global provider of trading partner connectivity, integration, and unified commerce solutions, has announced that it has been recognized by Gartner Inc. as a Challenger in the May 2022 Magic Quadrant for Multienterprise Supply Chain Business Networks (MESCBNs).1 The evaluation was based on specific criteria that analyzed the company’s overall Completeness of Vision and Ability to Execute.
Gartner defines “multienterprise supply chain business networks” (MESCBNs) as holistic and cohesive platforms that support a shipper-centric community of trading partners that need to coordinate and execute on business processes that extend across multiple enterprises. Gartner considers MESCBNs to be foundational technology for higher-maturity organizations, implemented to coordinate, orchestrate, automate and transform an organization’s extended supply chain within the overall business ecosystem they operate in for driving collaboration and enhancing competitiveness.
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Core capabilities of the MESCBN market include:
- Extensive network connectivity with support of multitier and multitype partner ecosystems and technology platforms
- Centralized information/data hub and visualization
- Universal cross-domain apps
- Core supply chain execution apps (enterprise- and multienterprise-centric)
- Supplemental supply chain apps (planning or finance)
- Embedded intelligence
“To us it’s exciting to secure the Challenger position in this foundational research – four years in a row,” said Mike Gross, SVP of Product, TrueCommerce. “Over the last year, we have made significant investments in our technology and people, expanding our customer base by 40% as a result. We also have exciting new product innovations underway including the utilization of APIs and leveraging our universal adapter to broaden both internal and external integrations as well as the greater utilization of data through artificial intelligence/machine learning.”
TrueCommerce offers a broad set of unified commerce solutions and apps that connect customers, suppliers, channels, and systems. These solutions revolutionize supply chain visibility and collaboration by helping organizations make the most of their omnichannel initiatives through business P2P connectivity, order management, collaborative replenishment, intelligent fulfillment, cross-functional analytics, and product information management.
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The solutions leverage TrueCommerce’s Global Commerce Network, which includes more than 160,000 connected businesses. Beyond the platform itself, the supply-chain-as-a-service model offered by TrueCommerce includes personalized support, trading partner mapping and ongoing compliance monitoring.
TrueCommerce’s technology innovations and business strategy have won it numerous industry accolades. In addition to being named as a Challenger again by Gartner, the company was recognized in the following prominent analyst reports:
- Leader in IDC MarketScape for Worldwide Multi-Enterprise Supply Chain Commerce Network, 2021
- Contender in IDC MarketScape for Worldwide Product Information Management Applications, 2021
- Contender in IDC MarketScape for Worldwide B2B Digital Commerce Platforms Vendor Assessment, 2020
- Contender in IDC MarketScape for Worldwide B2C Digital Commerce Platforms Vendor Assessment, 2020
