Built by Procurement practitioners for Procurement practitioners, OneMarket powered by LogicSource provides procurement leaders with the solutions they need to effectively source and procure across the indirect landscape.
Traditionally, Procurement teams can address their challenges by investing in new technology, but technology alone does not solve their problems. Effective implementation is essential to achieving ROI, requiring additional resources. Maintenance of the data within the technology is critical to ongoing adoption and value realization. And technology alone, even when well-implemented and maintained, lacks external market intelligence and price benchmarks to truly enable Procurement teams.
OneMarket is a simplified source-to-pay technology platform empowered with pre-built tools and templates, supported by market intelligence and price benchmarks and, as standard, enabled by expert resources to manage implementation and ongoing data hygiene. The combination of these capabilities into a single solution provides procurement teams with a new, comprehensive approach to achieve better outcomes, faster.
The platform consists of five integrated software modules that enable and automate the Source-to-Pay lifecycle:
OneMarket Insights:
Enables enriched supplier and spend data analytics for sourcing teams to scope new initiatives and manage compliance to sourcing outcomes and procurement policies.
OneMarket Portfolio:
Allows teams to track and manage sourcing performance, balance workload across resources and align with finance and business partners on savings recognition.
OneMarket Sourcing:
Automated sourcing workflows enabled with pre-built tools and templates that accelerate time-to-market and eliminate manual tasks and processes
OneMarket Contracts:
Enables digitization of all contract meta-data and consolidation to a single repository with advanced search capabilities, event notifications and ongoing data upload support
OneMarket Procure-to-Pay:
Offers buyer-hosted catalogs, tactical sourcing and rate-card capabilities to add value to transactional procurement and rich data reporting capabilities for Procurement and Finance teams.
Our solution is not just software, but a new, cost-effective capability for sourcing and procurement teams to leverage purpose-built tools, access experienced and technically capable resources, and benefit from actionable market intelligence. OneMarket’s combination of capabilities is unique in the market and enables customers to elevate the profile and impact of Procurement at their organizations.
