Strategic Sourcing Software

WHAT YOU CAN DO

Source faster to achieve better business outcomes.

Workday Strategic Sourcing streamlines the source-to-contract process. With unprecedented levels of collaboration and visibility, sourcing has never been easier.

Why We’re Different

KEY CAPABILITIES

Sourcing project intake
Pipeline management
RFx and reverse auctions
Contract management
Supplier onboarding and performance management
Dynamic negotiations
Reporting and savings tracking

The highest-rated strategic sourcing suite.

Learn More

A Workday Strategic Sourcing dashboard showing supplier details in the supplier directory.

Works with any finance or procurement system.

You can get Workday Strategic Sourcing whether you have another Workday application or not. Our robust API allows our software to work with any ERP, P2P, or analytics application.

Close the sourcing loop.

Realize impact right away.

Workday Strategic Sourcing is easy to use and quick to deploy. In fact, most customers launch their first sourcing event within 30 days of sign-up and achieve 99% ROI within their first year of deployment.

Become a strategic partner.

Engage stakeholders and suppliers to drive collaboration and deliver results. Workday connects the enterprise to sourcing in a single platform.

Streamline purchasing processes.

Offer end users a clear starting point for every purchase and ensure compliance with a simple and clear path that can be easily followed every time.

Negotiate better deals.

Lead pricing conversations with real-time data and analysis. No toggling between spreadsheets. No chasing data down.

Collaborate on contracts.

Create and revise contracts across multiple stakeholders without worrying about version control or visibility. Our Microsoft Office 365® integration lets you comment and collaborate directly in Microsoft Word®.

See Industry Use Cases

“Not only is Workday Strategic Sourcing intuitive enough for anyone at VMware to accomplish things independently, its flexibility gives my team the power to drive real change.”

Get a clear view of your suppliers.

Seamlessly onboard and sync supplier records with Workday to ensure data accuracy. Then keep track of supplier performance and history over time, gaining insight into their activity, risk level, and contracted spend.

“With Workday Strategic Sourcing we gain efficiency, prioritization, forecasting, and better reporting. All while improving stakeholder and supplier engagement. Game changer.”