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
Realise 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 analyse contracts, effortlessly
Optimise 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, maximise contract value and minimise 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 optimise 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