TrustRadius

Trace Platform vs. Workday Strategic Sourcing

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Trace Platform
Score 0.0 out of 10
Mid-Size Companies (51-1,000 employees)
Trace, a service desk for finance, provides collaborative workflows and analytics for companies to better manage financial services like budgeting, spending, and hiring. The vendor states high-growth companies like FiveTran and Lattice trust Trace as their one-stop-shop for collaborating with business partners on the financial decisions that matter most to the health of the business. When teams work better with finance, finance works better for teams.N/A
Workday Strategic Sourcing
Score 7.9 out of 10
N/A
Workday Strategic Sourcing supports procurement by automating source-to-contract processes, from project intake to supplier management, and by surfacing contract obligations. It leverages Workday AI to provide insights and conversational tools that help teams identify savings opportunities and mitigate supplier risk.N/A
Pricing
Trace PlatformWorkday Strategic Sourcing
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Trace PlatformWorkday Strategic Sourcing
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Community Pulse
Trace PlatformWorkday Strategic Sourcing
Best Alternatives
Trace PlatformWorkday Strategic Sourcing
Small Businesses
BILL Spend & Expense
BILL Spend & Expense
Score 8.9 out of 10
BILL Spend & Expense
BILL Spend & Expense
Score 8.9 out of 10
Medium-sized Companies
Lola.com
Lola.com
Score 8.0 out of 10
Lola.com
Lola.com
Score 8.0 out of 10
Enterprises
SAP Concur
SAP Concur
Score 8.3 out of 10
SAP Concur
SAP Concur
Score 8.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Trace PlatformWorkday Strategic Sourcing
Likelihood to Recommend
-
(0 ratings)
9.1
(0 ratings)
User Testimonials
Trace PlatformWorkday Strategic Sourcing
Likelihood to Recommend
No answers on this topic
Workday Strategic Sourcing is great for contract pipeline and management, but I wish it was better integrated with Workday so that we could keep it "clean" when the dimensionality is changed or updated in our financial data model.
Verified User
Anonymous
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Pros
No answers on this topic
  • Contract Pipeline
  • Contract Management
  • Supplier Onboarding
Verified User
Anonymous
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Cons
No answers on this topic
  • No way to flag where I need an internal colleague to review or add to an answer
  • No way to assign items to an internal team member for that person to answer a question
  • No status bar of the remaining items not yet answered
Verified User
Anonymous
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Alternatives Considered
No answers on this topic
I have only used RFPIO to facilitate searching for RFP answers. I have used Scout RFP only to respond to customer RFPs. I assume they have functional overlap, but my interactions with each have not included this functional overlap. For each tool's respective use, I have found them very simple, intuitive, and helpful.
Verified User
Anonymous
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Return on Investment
No answers on this topic
  • Ease of responding to RFPs and winning business
  • I don't have visibility into whether we have an actual $$$ of deals closed where we responded to the RFP within Scout RFP
  • Other departments of my company may use Scout RFP for sending out RFPs and collecting RFP responses, thus reducing costs to issue RFPs
Verified User
Anonymous
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ScreenShots

Workday Strategic Sourcing Screenshots

Screenshot of Workday Strategic Sourcing Contract Lifecycle ManagementScreenshot of Workday Strategic Sourcing Supplier Relationship ManagementScreenshot of Workday Strategic Sourcing Strategic Sourcing DashboardScreenshot of Spend Management