Visibility, mobility, and flexibility – the top must-haves for today’s procurement professionals

Workday Procurement, built on the familiar business process framework, provides real-time insights into spend across your organisation that can be accessed any time from any device.

Procurement & spend management software hero

Gain real-time visibility into supplier invoice status, and resolve match exceptions when they occur.

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

Take direct action on invoices that require immediate attention to maximise productivity.

Comprehensive indirect spend management

From the requisition process all the way through to payment, Workday Procurement extends Workday Financial Management and Workday Human Capital Management by supporting and managing the information, policies, and processes for the acquisition of goods and services.

  • Store and access all of your suppliers, supplier contracts, and supplier catalogues from one place, greatly streamlining the entire P2P process.
  • Establish consistency and gain real-time visibility into spending trends across your organisation.
  • Configure requirements, approval workflows, budget checking, and spend freezes for better control over spend before it occurs.

Share the love with your suppliers

Extend the Workday experience to your suppliers through the portal and increase process efficiency.

  • Enhanced supplier portal allows suppliers to maintain key information such as address and banking settlement instructions.
  • Choose the preferred supplier for purchase items using predefined requisition sourcing rules to automatically source requisitions to purchase order.
  • Manage the RFQ process for standardised goods and services entirely online, streamlining the award process to quickly realise cost savings.

All that Workday reporting and analytics goodness embedded in procurement

Real-time data gives organisations insights into spending trends to help strategically manage cost, minimise out-of-policy spend, and support growth initiatives.

  • Gain visibility into spending trends that have the greatest impact on your organisation with a unified procurement, inventory, HCM, and financial management system.
  • Leverage consistency across your data, security policies, and global processes for even greater efficiency, management, and control.
  • Use with Workday Inventory to see across the entire materials management process, to optimise stock levels, and better control costs.

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