SourceDay Platform Features

Consolidates procurement data from multiple systems such as ERP systems and supply chain suites.

Define rules and workflows that managers can use to approve different kinds of spending.

Align spending across various departments such as procurement and accounting.

Provide standard spend KPIs that can be customized by users.

Use historical spend data to create benchmarks per company or department.

Provide forecasts on future trends that may impact spending performance.

Identify savings opportunities per activity, department, or at the company level.

Allows users to evaluate supplier performance using standard and custom KPIs. This feature was mentioned in 11 SourceDay Platform reviews.

Provide features to compare suppliers and choose the best option for various activities.

Identify potential issues and how they may impact relationships with suppliers.

Use criteria to add or remove suppliers to/from approved lists. This feature was mentioned in 11 SourceDay Platform reviews.

Manage communications with suppliers on multiple channels such as phone or email. This feature was mentioned in 12 SourceDay Platform reviews.

Capture and maintain documents related to suppliers and their products or services. This feature was mentioned in 12 SourceDay Platform reviews.

As reported in 17 SourceDay Platform reviews. Use criteria to add or remove suppliers to/from approved lists.

As reported in 22 SourceDay Platform reviews. Manage communications with suppliers on multiple channels such as phone or email.

Capture and maintain documents related to suppliers and their products or services. 17 reviewers of SourceDay Platform have provided feedback on this feature.

As reported in 14 SourceDay Platform reviews. Compare goods received with purchase orders and document variations

Based on 11 SourceDay Platform reviews. Create and manage supplier profiles that include contact and pricing information.

Based on 10 SourceDay Platform reviews. Identify the services and products provided by suppliers, as well as certifications.

Track history of all interactions and business transactions with suppliers. 12 reviewers of SourceDay Platform have provided feedback on this feature.

Based on 12 SourceDay Platform reviews. Create and manage supplier profiles that include contact and pricing information.

Identify the services and products provided by suppliers, as well as certifications.

As reported in 13 SourceDay Platform reviews. Track history of all interactions and business transactions with suppliers.

Manage workflows and business processes for procurement.

Provide standard procurement contracts that can be customized.

Maintain a repository of content such as catalogs and other documents.

Define requisition rules for various types of procurement.

Manage workflows and business processes for procurement. This feature was mentioned in 13 SourceDay Platform reviews.

Provide standard procurement contracts that can be customized.

Maintain a repository of content such as catalogs and other documents.

Define requisition rules for various types of procurement

Identify and assess suppliers for different products and services.

Create and manage purchase orders for products and services.

Include features for procurement invoicing and e-invoicing.

Identify and assess suppliers for different products and services.

Electronically create and manage purchase orders for products and services. 20 reviewers of SourceDay Platform have provided feedback on this feature.

Include features for procurement invoicing and e-invoicing.

Improve visibility into procurement activities across the company.

Monitor the performance of procurement operations.

Analyze procurement spending and identify future trends.

Improve visibility into procurement activities across the company. This feature was mentioned in 15 SourceDay Platform reviews.

As reported in 16 SourceDay Platform reviews. Monitor the performance of procurement operations

Based on 13 SourceDay Platform reviews. Analyze procurement spending and identify future trends.

Track invoices based on due dates to identify overdue payments This feature was mentioned in 19 SourceDay Platform reviews.

Monitor KPIs such as time to process an invoice or erroneous payments 14 reviewers of SourceDay Platform have provided feedback on this feature.

Provide standard templates for different types of RFPs

Support other types of requests such as RFB/RFI/RFQ

Track versions of RFP documents and related changes

Maintain a library of questions that can be reused

Track submissions from multiple vendors and suppliers

Compare submissions and score suppliers

Choose the best submission for an RFP

Allow multiple users to collaborate on submissions

Maintain a repository or library of content and documents that can be reused

RFPs can be reviewed by managers before submission

Create real-time reports to compare data trends across processes, RFPs, vendors or profiles

Provide features to capture and record invoices, such as import or scanning

Allow suppliers to submit invoices using an online portal 12 reviewers of SourceDay Platform have provided feedback on this feature.

Deliver a central repository of AP documents, such as POs and invoices

Allows users to evaluate supplier performance using standard and custom KPIs. 16 reviewers of SourceDay Platform have provided feedback on this feature.

Based on 11 SourceDay Platform reviews. Provide features to compare suppliers and choose the best option for various activities.

Identify potential issues and how they may impact relationships with suppliers.

Ability to match AP invoices to POs, contracts, or payments

Identify incomplete or late supplier payments

Include workflows for approvals and invoice processing

Comply with local and global tax regulations for collections

Electronically submit invoices to buyers

Provide integration with accounting and financial management software

Integrate with payment gateways and enterprise payments software

Deliver integrations with accounting modules of ERP systems This feature was mentioned in 16 SourceDay Platform reviews.

As reported in 15 SourceDay Platform reviews. Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management

Tracks the progress of any RFP in real time and set milestones to improve efficiency

Updates, organizes, and stores content of a project

Assign users, roles, and manage access in order to set tasks and leave comments

Automate repetitive and manual tasks, such as auto-filling answers and auto-responses

Export files or spreadsheets with the ability to format and accomidate images

Upload files or spreadsheets from multiple sources

Online credit card number that can be instantly sent to employees and used for secure, one-time purchases

Online credit card number that can be instantly sent to employees and used for secure, recurring payments, such as subscriptions or services

Physical credit cards used by employees for various expenses that allow management to monitor spending and budgets

Report on spend transactions as they happen in real time

Reports that allow the user to sort and filter by vendor, team, GL, department, etc.

The ability to export reports in various formats, such as excel, CSV, and Google Sheets

Report on and track spending against budgets

Pay vendors through a dashboard or portal and maintain vendor payment information

Manage and execute recurring payments, such as subscriptions, services, utilities, etc.

Reimburse an employee for all necessary expenditures or losses incurred by the employee within the employee's scope of employment

Allows for the electronic transfer of funds between banks

Real-time notifications for fraudulant and/or duplicate spending

Individual, unique cards for each vendor to help manage duplicate and overpayments

Control spend limits, expiration dates, and lock and unlock stolen or lost cards

Capability to perform complex tasks without constant human input

Ability to break down and plan multi-step processes

Works across multiple software systems or databases

Anticipates needs and offers suggestions without prompting

Ability to break down and plan multi-step processes

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives