Opus' Hiperos Third Party Management Product Ranks Highest as Turn-Key Solution in Spend Matters Supplier Relationship Management and Risk SolutionMap(SM)

Hiperos 3PM achieves strong analyst and customer scores for a turn-key solution: a combination of software capability and supporting services to deliver results and defensible ROI through pre-loaded capabilities, content and expertise

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Opus

Nov 13, 2017, 08:00 ET

NEW YORK and LONDON and SINGAPORE, Nov. 13, 2017 /PRNewswire/ -- Opus, the leading provider of global compliance and risk management solutions, announced that its third-party risk management solution, Hiperos 3PM, ranked highest as a Value Leader for turn-key solutions in the Supplier Relationship Management and Risk (SRM) SolutionMap from Spend Matters, developed to rank solution providers by process competency. "Value Leader" is the highest designation possible, indicating both strong customer and analyst rankings.

With its SolutionMap, Spend Matters provides intelligence that is persona-based, expert-modeled, peer-reviewed, technology-enabled, customizable, continuously current, and easy to consume. The SolutionMap helps procurement executives stay on top of technology advancements and understand how they can work to streamline the function based on their buying organization's needs. Each persona ranking is based on a set of weighted requirements, mapping different organizational needs to a recommended set of technology providers based on both customer reviews and analyst scoring.

Hiperos 3PM's rating as a value leader attained a strong analyst and customer ranking for its supplier network, configurability and technology, quick deployment, ROI, TCO, business value, innovation, among other proof points.

In addition to achieving a strong analyst and customer score for being a value leader in the Turn-key category, the Hiperos 3PM solution also aligned well across the "Deep" and "Configurable" personas, providing evidence of the breadth, depth and flexibility needed to support complex SRM needs and requirements.

"We are honored to be recognized by Spend Matters as the highest scored turn-key solution among 500 vendors by analysts and customers, providing customers with a combination of software and service to get to ROI quickly," said Lee Kirschbaum, SVP, Product, Marketing, and Alliances at Opus. "Both analysts and customers singled out Hiperos 3M's unmatched strengths in supporting complex, global SRM configurations efficiently and effectively. In a time when both speed to market and total cost of ownership are paramount, we're really pleased to be recognized as the total package for solutions and service."

"Spend Matters Analysts evaluated over 750 unique requirements in the Source-to-Pay applications market to develop the Q4 2017 SolutionMap release," said Pierre Mitchell, Chief Research Officer, Spend Matters. "The provider market is complicated (over 500 vendors), technology budgets are lean and risk tolerance is nearly always low. Practitioners want intelligence that is deep and relevant, but also trusted, transparent and peer-driven (not just analyst-driven)."

To learn more about the SolutionMap rankings and methodology, visit https://SpendMatters.com/SolutionMap/. To download the Hiperos ranking, please visit link.

About Opus

Opus is a global risk and compliance SaaS and data solution provider, created through a $500 million partnership between GTCR, one of the world's leading private equity firms, and Doug Bergeron, Chairman of Opus.

Opus was founded on a simple premise: that faster, better decisions in compliance and risk management give businesses an extraordinary advantage in the marketplace.

Today, the world's most respected global corporations rely on Opus to free their business from the complexity and uncertainty of managing customer, supplier and third-party risks.

By combining the most innovative SaaS platforms with unparalleled data solutions, Opus turns information into action so businesses thrive.

For more information about Opus, please visit www.opus.com.

About Spend Matters

Spend Matters is the leading global procurement media, analyst and research brand. Combining daily news coverage with subscription research, deep technology analysis, and one-to-one advisory services, Spend Matters provides meaningful insight and tailored solutions for procurement organizations, consultants, investors and solution providers. Spend Matters is owned and managed by Azul Partners, Inc., one of the largest independent B2B digital media publishers.

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SOURCE Opus