SourceDay Platform
4.1
49

Not Claimed

SourceDay is a supply chain collaboration software that helps mid-size discrete manufacturing, wholesale distribution, and retail buyers to align with their suppliers on orders and changes, know where their parts are, and maintain continuity of supply while meeting cost objectives. It provides shared real-time visibility across the order lifecycle and real-time orchestration of buyer and supplier actions to drive alignment and accountability despite continuous changes on both sides. SourceDay has connected over 12,000 companies, managed 11.6M PO changes, orchestrated receipt of 16.6B parts on-time, and protected $755M in revenue on average for 250+ customers in 2022 alone.
Developer
SourceDay
Category
ERP
HQ Location
Austin, Texas
Year Founded
2013
Number of Employees
130
Twitter
Strengths
  • Automation

    Automates procurement processes

  • Collaboration

    Enables collaboration between buyers and suppliers

  • Visibility

    Provides real-time visibility into procurement activities

Weaknesses
  • Integration

    May require integration with existing systems

  • Cost

    May be expensive for small businesses

  • Training

    May require training for users to fully utilize the platform

Opportunities
  • Growing demand for procurement automation solutions
  • Opportunity to expand into new markets
  • Opportunity to form partnerships with other software providers
Threats
  • Competition from other procurement automation solutions
  • Decreased demand due to economic downturns
  • Security breaches or data leaks could damage reputation

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SourceDay Platform Plan

SourceDay Platform offers three pricing plans starting at $5,000 per year, with increasing features and capabilities for each version.
SourceDay Pricing $ Contact Us Per Year
SourceDay integrates with 6 ERPs with prescriptive workflows: Acumatica, Epicor, Infor LN, Infor CSI/Syteline, Infor Visual and NetSuite. SourceDay has a hybrid value-based pricing model. Our customers pay based on the amount of direct materials spend that you run through your ERP and the volume of invoices we process. We guarantee supplier adoption and we have a dedicated team to onboard,support, and train your suppliers for the term of your agreement. Our pricing starts at $30,000 per year for entry level offers and varies by ERP and the scope of licensed products. Purchase Order Collaboration Essentials Plan Changes & Exceptions Shipments Visibility RFQ Collaboration Invoice Automation
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