Procurement

An intuitive way to manage purchasing.

Workday Procurement is more than just a goods and services acquisition tool. It’s a comprehensive, indirect spend management application that provides complete visibility across the procure-to-pay process.

Procurement & spend management software hero

View supplier invoice status in real time, and resolve match exceptions directly.

Drill deeper into supplier spend – all the way down to individual line items.

Take direct action on invoices that require immediate attention.

Control indirect spend.

Manage all aspects of indirect procurement, from requisition to payment, using a single system. With Workday Procurement, it’s a piece of cake.

  • Store and access all of your suppliers, contracts, and catalogues in one place.
  • Connect to any supplier website or network to access a broad community of suppliers.
  • Gain visibility into spending trends across your organisation.
  • Configure spend policies and approval workflows for better control.

 

Share the love with your suppliers.

Extend the Workday experience to your suppliers through the supplier portal to drive collaboration and facilitate transactions.

  • Allow prospective suppliers to self-register through an external, company-branded website.
  • Enable suppliers to maintain their own data, like address and settlement banking instructions.
  • Choose your preferred supplier using predefined requisition sourcing rules.
  • Manage the RFQ process for standardised goods and services and streamline the award process.

Get deep insight with embedded analytics.

Manage cost, minimise out-of-policy spend, and support growth with full insight into goods and services spend.

  • Identify spending trends that have the greatest impact on your organisation.
  • Analyse spend and take action immediately from the Workday Procurement dashboard.
  • Use Workday Procurement with Workday Inventory to gain visibility into the entire materials management process.

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