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SourceDay: Vendor Analysis (Part 1) — PO Lifecycle Management solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

06/24/2024 By and

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This Spend Matters Vendor Analysis updates our coverage of SourceDay and its purchase order (PO) lifecycle management solution within the procure-to-pay (P2P) space.

In the realm of direct materials procurement and supply chain collaboration, investments in P2P technologies have been increasing. While SourceDay isn’t the only option , it is a prominent player that boasts the most experience in catering to the needs of direct material industries and forming partnerships with other S2P players interested in enhancing their capabilities for direct materials collaboration.

SourceDay was included in the Spend Matters 50 to Watch 2023, a list recognizing best-in-class vendors in procurement. This is a testament to SourceDay’s long-standing presence in the PO management and P2P market and its ability to evolve and keep pace as the technology evolves. 

Part 1 of this update provides a detailed overview of SourceDay’s solution and includes an analyst summary. In part 2 of this series, we will provide more details on the strengths and opportunities of the solution, a review of the competitive landscape and selection tips. 

Here’s why SourceDay matters:

To the market: SourceDay's PO lifecycle management expertise enhances supply chain operations by streamlining collaboration and optimizing processes. Through automated PO processing, live status tracking and detailed analytics, SourceDay improves procurement efficiency and strengthens supplier relationships.

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