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SourceDay

FOUNDED : 2015

LOCATION : US & Canada, US

TEAM SIZE : 51-200

SOLUTION MATURITY : Scaleup

FUNDING ROUND : Series C

TOTAL FUNDING RAISED ($m) : $58

Core functionality
Process Automation
Additional functionality
Source / Procure-to-Pay (S2P and P2P)
Supply Chain Visibility / Tracking
Description

SourceDay is a purchase order management platform. It integrates with ERPs to automate purchase order changes and enable supplier collaboration.

Applications for SourceDay include PO collaboration, AP automation, RFQ collaboration, and supplier management features.

This SaaS solution creates real-time visibility and accountability between you and your suppliers, ensuring that pricing, quantity, lead times and delivery dates are accurate.

SourceDay boasts more rigorous processes than other “automated” payables solutions: Rather than compare the total cost on the purchase order to the total invoiced amount, SourceDay zooms in to compare each invoice line item to the corresponding purchase order line.

SourceDay’s enables you to manage your direct spend more efficiently from quotes to purchase orders to invoices and quality control.

The software allows you to standardise communication – reducing delays, errors and frustrations. SourceDay helps to expedite acknowledgments and track changes, all in one place, in real time.

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