SourceDay Platform
4.1
49
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.
Strengths
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Automation
Automates procurement processes
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Collaboration
Enables collaboration between buyers and suppliers
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Visibility
Provides real-time visibility into procurement activities
Weaknesses
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Integration
May require integration with existing systems
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Cost
May be expensive for small businesses
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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
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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