#1 most frequent
United States of America
80.8%189 installations of 234
What is Workday Strategic Sourcing?
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.
Categories & Use Cases
Media
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Screenshot of Workday Strategic Sourcing Contract Lifecycle Management
Who Buys & Uses Workday Strategic Sourcing
#2 most frequent
United Kingdom of Great Britain and Northern Ireland
6.0%14 installations of 234
#3 most frequent
Canada
3.8%9 installations of 234
Improve contract management with easy-to-use Workday Strategic Sourcing!
Use Cases and Deployment Scope
Workday Strategic Sourcing integrates with Workday Financials which feeds contract information, supplier information, and FDM information such as spend category and cost center. We primarily use it for contract management, which helps solve pipeline issues that we've had in the past.
Pros
- Contract Pipeline
- Contract Management
- Supplier Onboarding
Cons
- Integration with Workday
- Dimensionality Management
Return on Investment
- Contract Management has saved a ton of time and energy
- Reporting has been helpful
- Spend management has improved over time
Other Software Used
Workday Adaptive Planning, Workday Financial Management
Scout RFP to facilitate RFP response collaboration
Pros
- Easy to transfer information with the company initiating the RFP
- Easy to navigate to items that aren't answered on the RFP
- Easy to share and collaborate among internal teammates
Cons
- 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
Return on Investment
- 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
Alternatives Considered
RFPIO
Other Software Used
Zoom, Cisco Webex Meetings, Google Hangouts Meet
