Products within the Strategic Sourcing category support the work performed by procurement teams when planning for assessment and performance management initiatives. The functional capabilities typically included by Strategic Sourcing applications include project management, category management, savings tracking, data collection, team collaboration, and a supplier marketplace. Strategic sourcing is distinct from tactical and process focused applications that typically support operational requisitioning, ordering, invoicing, and payment processes.
Strategic sourcing is often deployed as a shared service, even for very large organizations, and are used for managing all types of spend — including services and direct, raw, and indirect materials. These shared-service centers often report into the procurement or supply chain organizations.
To qualify for inclusion in the Strategic Sourcing category, a product must:
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The role of procurement is changing. This is a good thing. Generating savings and ensuring compliance remain paramount, but procurement now answers for innovation, supplier success, internal customer experience and value creation to name a few. With Coupa's strategic procurement solutions and tools, procurement can deliver on their core mission – increasing user and supplier adoption to realize optimum savings. But beyond that, Coupa’s flexibility and configurability helps procurement partner with the business to drive greater value. And the ability of Coupa's procurement tools to integrate with multiple ERPs, allows procurement to team with IT to deliver an intuitive, consistent purchasing experience to every employee. Coupa Procurement solutions allow you to achieve the highest system adoption across all your users whether they’re employees, managers, finance or even suppliers.
Cloud-based solutions for collaborative spend, finance, and sales management. ERP and CRM systems are great, but they don't do much to improve interactions between businesses. For all your investments in technology, your B2B transactions are still managed with a fragmented array of applications and manual processes. Blocking your view, keeping costs and risks high, and hobbling your competitiveness. You need technology that makes trading partner collaboration easier and more efficient. Because in a volatile global marketplace where businesses rise and fall every day, sustainable competitive advantage requires strong, mutually beneficial relationships. Ariba makes that easy. With just your web browser and a user-friendly interface, you can work with your trading partners using market-leading SaaS solutions for spend management, collaborative finance management, and sales acceleration management all integrated on a single platform. These solutions are available by subscription and on-demand, so there's no software to install or maintain. They're scalable, cost-effective, and burden-free. They're also easily integrated with your ERP and back office systems. All it takes to extend your processes to more trading partners is plugging into the Cloud. And no worries, Ariba systems are thoroughly tested to ensure continuous, secure, and reliable service delivery. You can be up and running in no time, using the industry's most complete platform to efficiently and effectively locate, communicate, and collaborate with your trading partners. Commerce is simply better with Ariba technology, whether you're looking to drive sales, control spending, or manage cash.
Procurify is the best in class Spend Management Platform. Control, track and report your company’s spend. Robust request to approve functionality, purchase order management and authentication of deliveries all in one place. Purchasing in Real-Time Create, Track, and Report all your Requisitions, Purchase Orders, and Expenses in Real-Time, at the office or on the go. Control Spending As it Happens Be proactive instead of reactive. Accurately stay on top of your budgets before making decisions with instant analytic reports. Streamlined Purchasing Platform Request, Approve, Purchase, online, on your phone, from anywhere, instantly. Procurify makes procurement fun! Additionally, we include budget management tools, tracking & reporting tools, free training, easy integrations, free mobile companion app.
BuyerQuest is a next-generation procurement solution that brings the eCommerce shopping experience to the Enterprise. End users make better, informed buying decisions while enabling tighter trading relationships with suppliers. Our customers use BuyerQuest to deliver a wonderful employee buying experience, reduce procurement process friction, drive contract compliance, and save money.
Zycus is a leading global provider of procurement solution suites across the Source-to-Pay cycle. Our product portfolio includes applications for strategic and operational procurement functions, such as eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management, Financial Savings Management, Project Management, and Request Management. Zycus Procure-to-Pay software is a next-generation solution suite providing a Guided-Procurement-System to ensure consistent and accurate buying decisions for cataloged & non-cataloged goods & services. With full Purchasing Process Automation and tight integration with the strategic sourcing modules, Zycus Procure-to-Pay incorporates powerful functionalities and easy-to-use features to enable "simple & intuitive” shopping experience & efficient invoice management for the AP team.
Bonfire streamlines your sourcing, contract management, and vendor performance on one cloud-based platform, delivering a frictionless, centralized and effective sourcing experience. Easily bring the right stakeholders together to make confident, collaborative, and compliant sourcing decisions. We’re recognized as a Gartner Cool Vendor in 2018, as well as being awarded as a Top 50 to Watch platform by Spend Matters.
Fairmarkit: Automated tail spend control and management because All Spending Matters. Tail spend is not inconsequential. It makes up 20% of the average company’s overall annual procurement spend. Also, because tail spend comprises hundreds if not thousands of small-spend purchases and is generally not automated, tail spend is an inefficient, high-touch nightmare as it involves some level of interaction with 80% of all vendors. Fairmarkit empowers procurement leaders to manage tail spend to: Cost savings Using machine learning techniques, Fairmarkit identifies the right vendors to compete for each tail spend purchase. On average, customers realize savings of 6-12%. Time savings Fairmarkit simplifies and streamlines the RFQ process, allowing buyers to spend an average of 30% less time on bids and tripling the number of approved vendors included in each request. Risk reduction Fairmarkit puts your data to work for you. By tracking and analyzing tail spend transactions and trends, Fairmarkit identifies operational risks and automates the process of obtaining the best prices from trusted vendors.
Xeeva is driving the development and delivery of the next generation of intelligent procurement and financial solutions. Xeeva’s technology is used in over 40 countries and is available in 18 languages. The company’s end to end technology suite includes Sourcing, Procure to Pay, Supplier Collaboration, Financial Collaboration and Extended Enterprise solutions.
SMART by GEP is the industry's leading cloud-native, unified source-to-pay platform with comprehensive spend, sourcing and procurement functionality, including spend analysis, sourcing, contract management, supplier management, and procure-to-pay. SMART by GEP is a thoughtfully conceived, beautifully designed digital work environment, precision-engineered for sourcing and procurement professionals, bringing consumer-grade usability and experience to the business-to-business workspace. With intuitive design, stunning visual appeal, intelligent interfaces, and ability to move the user fluidly and naturally from task to task, on any platform and any device, SMART by GEP drives adoption rates that are among the highest in the industry. It eliminates routine and redundant processes, accelerates or shortens complex tasks, intelligently provides tools and resources to people to achieve more, get better results and succeed in their work. SMART by GEP leverages the power and scalability of the cloud to offer a single, digital workspace for all stakeholders that enables and accelerates digital procurement transformation. Designed as an open platform, SMART by GEP allows enterprise procurement teams to harness the potential of new and emerging technologies, such as artificial intelligence, big data, blockchain, and IoT, to achieve truly transformative business outcomes.
THE PROCUREMENT EMPOWERMENT PLATFORM Ivalua’s Platform is uniquely designed for agility, performance, and scale. Built on a single code base and data model leveraging a configurable cloud infrastructure it fundamentally alters what Procurement & Supply Chain leaders can achieve. Unmatched flexibility -Best-in-class is not one-size-fits-all. -Easy configuration is a core principle of the Ivalua platform. -Meet your users’ needs, from custom UI and workflows to new forms and fields. -Collaborate with suppliers and other stakeholders by tailoring processes to their needs. Welcome to the Configurable Cloud The Ivalua Platform is built on a configurable cloud. An industry leading cloud environment that allows you to scale up or down and be assured of the highest security and performance standards, no matter where or what device.
This cloud-based, collaborative solution improves profitability, productivity and control across the end-to-end supply chain by bringing all partners together. Whether you are in a single enterprise or cross- enterprise environment, gaining transparency to a collaborative business plan means joint execution, real results and a true win-win partnership that delivers mutual benefits.
Precoro is a robust procure-to-pay system for your business. Automated purchasing, simple sourcing and spend analytics — all in one easy-to-use platform. Procurement Software Contains all functionality that helps to automate sourcing, inventory, catalogs and contracts management. Keeps suppliers’ relationships simple. Purchase Order Software Automates creating purchase orders, transmitting POs to suppliers, reconciling supplier invoices to POs and contracts, managing Purchase Requests. All in one place. Spend Management Assign orders to budgets to control spending within cost centers. Real-time reports and custom approval workflow puts you in control.
Proctrix is the go-to sourcing and procurement solution for mid to large-sized companies. Companies use Proctrix to manage the procurement process with its thoughtful workflows on bid management, reverse auctions, contract management, and supplier management. CPOs, CFOs, Purchase Heads and Procurement Managers have been able to implement Proctrix across teams to gain better spend visibility and collaborate effectively across the procurement value chain. Proctrix's powerful procurement suite provides procurement teams with the necessary tools to drive profitability and make decisions faster with more transparency. Proctrix was founded in 2017.
ProcurePort provides world class technology and services to assist Global 1000 and other Mid Size Companies with managing their spend and automating their procurement processes. ProcurePort On Demand solutions are Cloud hosted in a SAS 70 Type II Environment to provide your organization with the highest level of data security and confidentiality.
Traditional RFx are time consuming and resource intensive, causing end-of-year backlogs. Reverse Auctions are based on price only and thus deliver the cheapest solution that barely meets the specifications, limiting their adoption. These specification-based solutions are marred with flaws. By shifting the sourcing paradigm to business needs, Procusofts technology delivers a compelling ROI by enhancing your procurement processes to
Prokuria is a procurement automation platform that enables procurement departments and top management to organize all their RFPs and e-Auctions with suppliers in one place. It's designed for the companies who need better control over the procurement process and achieve cost and time savings. Unlike traditional never-ending emails and frustrating excels or very complex and expensive platforms, Prokuria is fast to use, easy to start and cost-effective. Prokuria users launch their first RFPs in less than 5 minutes.
Scopeworker digitizes services supply chains for enterprise. It is an Industry 4.0 Digitized Supply Chain Vendor Management System (DSC VMS). The web interface and mobile app templates real-time automate procurement, finance and productivity management between the buyer, supplier and worker. External disconnected systems including ERPs, databases and IoT are aggregated and automated
tealbook connects companies so they can interact with more efficiency and trust. We capture, cleanse, enrich, automate and expand supplier information to reduce the time and cost required to find one another for the purpose of doing better business. tealbook uses the latest technology to improve the quality of partnership decisions, reducing effort and cycle time while increasing trust for all parties. By combining machine learning, leading software development, procurement and operations expertise, our team transforms how companies improve their existing buyer-supplier partnerships and build new lasting ones.
Vroozi is 100% cloud-based, mobile-friendly purchasing software. This means employees can search, request, approve, and order items and services on any device. With Vroozi, companies can easily create a marketplace; automate requests, approval, and orders; transmit orders to suppliers electronically; and analyze spend to make informed business decisions. Vroozi also helps you manage all documents (Purchase Orders, Goods Receipts, and Invoices) in one place. 3-way matching between these documents ensure accurate payments and savings. Most enterprise companies have negotiated pricing with suppliers, but employees don’t know about those contracts or how to comply because the contracted items are not visible to them. That’s why enterprises need a catalog marketplace like Vroozi, where they can create an internal marketplace for their employees to find everything they need and still purchase within corporate policy. We help move rapidly-growing companies from paper requests and non-approval orders, to ordering online with proper approval from managers and tracking of all orders in one place. Finance people love us because now they have visibility into their cash flow and can assign budget accordingly. We help them minimize surprises at the end of the month. In fact, they don’t necessarily need negotiated suppliers. Our platform is pre-integrated with Amazon Business and a few other suppliers, which provide hundreds of millions of items across different categories.
Zycus is a leading global provider of procurement solution suites across the Source-to-Pay cycle. Our product portfolio includes applications for strategic and operational procurement functions, such as eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management, Financial Savings Management, Project Management, and Request Management. Zycus' e-Sourcing solution automates and dramatically accelerates sourcing processes; ensure fact-driven decision making and consistent sourcing event outcomes.