Reports 2016 Vendor Perception Report | Page 21
2016 CTRM Vendor Perceptions Study
Procurement Data
About 27% of the respondents answering the question suggested
that they would procure a new CTRM over the next 24 months;
however, 44% said that they would not be procuring in the next
24 months. Almost one third were unsure of their procurement
plans (Figure 24).
Figure 24: Procurement Plans
We also asked the respondents to rank a set of buying criteria
using a scale from “critical” to “unimportant”, with the results
shown in Figure 25 below. Physical and Financial Commodity
Support were the most highly ranked followed by Market
Price/Risk Support and Quality Vendor Support. Comprehensive
Analytics, being Supplied by a Top Vendor or being Available in
the Cloud were the least critical feature/functions desired by
buyers.
No
44%
Yes
within
24 mos
27%
Not Sure
29%
Given the role and increasing importance that consulting firms play in CTRM system selection, it is informative
to measure their responses separately from the end-users when it comes to buying criteria. While the
consultants and SI’s broadly share the same opinions as the total respondent group, a clear difference is that
Quality Implementation Resource Availability ranks significantly higher for those consultants. Multi-currency
Capabilities and Overall Architecture also rank slightly higher in the consultant group, with Physical Logistics
ranked higher by the overall respondent group (Figure 25 & 25a).
Figure 25 - Buying Criteria; All Respondents
Physical Commodity Support
Financial Commodity Support
Market Price/Risk Support
Quality Vendor Support
Physical Logistics
Multi-Currency
Multi-Commodity
Available at Competitive Price
Quality Implementation Resources Available
Credit Risk Support
Regulatory Compliance Support
Modern architecture
Ability to personalise UI
Comprehensive anlystics
Supplied By Top Vendor
Available in the Cloud
0%
Critical
© 2016 Commodity Technology Advisory LLC
10%
20%
Important
30%
40%
Nice to Have
50%
60%
70%
80%
90%
100%
Unimportant
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