STRATEGIC SOURCING SOFTWARE
Strategic sourcing, streamlined.
Workday Strategic Sourcing, powered by Workday Illuminate™, seamlessly integrates with any finance or procurement system so you can close loops in your procurement process, strengthen supplier relationships, and automate tasks to save time—all on one platform.
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, visibility, security, and resiliency—sourcing has never been easier.
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Sourcing project intake
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Pipeline management
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RFx, reverse auctions, and public bidding
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Contract management with Workday Illuminate™
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Supplier onboarding, performance, and risk management
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Dynamic negotiations
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Reporting and savings tracking
The highest-rated strategic sourcing suite.
Expand your Workday capabilities.
Already benefiting from Workday Financial Management and Workday Procurement? Now, it’s time to elevate your procurement strategy by expanding your Workday capabilities to drive more efficiency and take quicker action with better insights.
Close the sourcing loop, quickly.
Realize impact right away.
Get started fast on Workday Strategic Sourcing. Most customers launch their first sourcing event within 30 days and achieve 99% ROI in the first year.
Become a strategic partner.
Engage stakeholders and suppliers to drive collaboration and deliver results. Workday connects the enterprise to sourcing on a single platform.
Streamline purchasing processes.
Offer 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 and stop toggling between spreadsheets and chasing down numbers.
Create and analyze contracts, effortlessly.
Optimize processes with intelligent workflows for approvals and compliance. And unlock significant savings with automated opportunity identification.
“The ease of use is first and foremost the thing that has enabled us to get more done—with this tool I can teach anyone to source.”
Get more from your supplier management.
Proactively monitor suppliers and make confident decisions on performance, risk, sustainability, and diversity metrics while increasing the impact of every supplier relationship with seamless onboarding and risk management.
Automate the contract lifecycle with AI—from creation to analysis.
From creation to analysis, maximize contract value and minimize risk with Workday Contract Lifecycle Management, powered by Evisort AI. Streamline creation, negotiation, and compliance, and identify hidden savings like rebates and volume discounts to optimize your supplier relationships.
“With Workday Strategic Sourcing we gain efficiency, prioritization, forecasting, and better reporting. All while improving stakeholder and supplier engagement.”
See how we help you succeed.