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Procurement

Control goods and services spend.

More than just a goods and services acquisition tool, Workday Procurement is a comprehensive indirect spend management application that is truly user-friendly and modern. And with multi-dimensional reporting and analytics, you gain real-time visibility into spending trends across your organization.

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Workday Procurement

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Better visibility.
Procurement

With powerful embedded reporting and analytics based on real-time data, Workday Procurement provides visibility across the entire P2P process. It brings valuable insights together in a concise, actionable way to help purchasing departments strategically manage costs, minimize out of policy spend, and optimize purchasing power to support the organization.

  • Analyze spend and take action directly from the procurement dashboard with Workday delivered reports such as uninvoiced purchase orders and top supplier spend.
  • Better understand the economic impact of activity that is traditionally more difficult to capture, such as unmanaged vs. managed spend, including those from purchasing card transactions.
  • Gain visibility into the workforce, spending trends, and economic impact to the organization with a unified procurement, inventory, HCM, and financial management system.
Better control.
Procurement Spend Catalog

Unified with Workday Financial Management and Human Capital Management, Workday Procurement enables consistency across your data, security policies, and processes for even greater efficiency, management, and control. This consistency spans your entire organization, enabling stronger employee compliance with corporate spend policies across the globe.

  • Configure requirements, approval workflows, and spend freezes for better control over spend before it occurs.
  • Choose the preferred supplier for purchase items using pre-defined requisition sourcing rules to automatically source requisitions to purchase order.
  • Maximize resources with automatic purchase requisition or purchase order generation, when used with Workday Inventory and the fully automated replenishment process.
Better relationships.
Procurement

While you requisition, purchase and pay for goods or services, you also work to build strong relationships with your suppliers. Workday Procurement extends its ease of use and visibility beyond your organization’s end users and delivers a similar experience to your vendors. With Workday, the buyer-supplier relationship has never been stronger.

  • Manage the RFQ process for standardized goods and services entirely online, streamlining the award process to quickly realize cost savings.
  • Enhanced supplier portal allows suppliers to maintain key information such as address and settlement banking instructions.
  • Gain efficiency with a centralized Supplier Accounts dashboard to better manage supplier invoices and, ultimately, strengthen supplier relationships.

See Workday Procurement in action.

Featured customers.

Services
Bill Gosling Outsourcing
Services
AAA NACU Workday Customer
Technology
TripAdvisor Workday Customer
Healthcare
Community Healthcare Services of Georgia