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SourceDay Platform Features
What are the features of SourceDay Platform?
Management
- Approval
- Communication
- Documents
- Receipt of Goods
Supplier Information
- History
Planning
- Processses
Execution
- Purchasing
Analytics
- Visibility
- Performance
- Spend
- Due Dates
- KPIs
Supplier Management
- Evaluation
Integration
- ERP
- Procurement
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SourceDay Categories on G2
Filter for Features
Setup
Data | Consolidates procurement data from multiple systems such as ERP systems and supply chain suites. | Not enough data | |
Approvals | Define rules and workflows that managers can use to approve different kinds of spending. | Not enough data | |
Alignment | Align spending across various departments such as procurement and accounting. | Not enough data |
Performance
KPIs | Provide standard spend KPIs that can be customized by users. | Not enough data | |
Benchmarks | Use historical spend data to create benchmarks per company or department. | Not enough data | |
Forecasting | Provide forecasts on future trends that may impact spending performance. | Not enough data | |
Savings | Identify savings opportunities per activity, department, or at the company level. | Not enough data | |
Evaluation | Allows users to evaluate supplier performance using standard and custom KPIs. | Not enough data | |
Selection | Provide features to compare suppliers and choose the best option for various activities. | Not enough data | |
Risk Management | Identify potential issues and how they may impact relationships with suppliers. | Not enough data |
Management
Approval | Use criteria to add or remove suppliers to/from approved lists. | Not enough data | |
Communication | Manage communications with suppliers on multiple channels such as phone or email. | Not enough data | |
Documents | Capture and maintain documents related to suppliers and their products or services. | Not enough data | |
Approval | As reported in 15 SourceDay Platform reviews. Use criteria to add or remove suppliers to/from approved lists. | 83% (Based on 15 reviews) | |
Communication | Manage communications with suppliers on multiple channels such as phone or email. This feature was mentioned in 20 SourceDay Platform reviews. | 80% (Based on 20 reviews) | |
Documents | Based on 15 SourceDay Platform reviews. Capture and maintain documents related to suppliers and their products or services. | 77% (Based on 15 reviews) | |
Receipt of Goods | Compare goods received with purchase orders and document variations This feature was mentioned in 12 SourceDay Platform reviews. | 86% (Based on 12 reviews) |
Supplier Information
Profiles | Create and manage supplier profiles that include contact and pricing information. | Not enough data | |
Qualifications | Identify the services and products provided by suppliers, as well as certifications. | Not enough data | |
History | Track history of all interactions and business transactions with suppliers. | Not enough data | |
Profiles | Create and manage supplier profiles that include contact and pricing information. This feature was mentioned in 11 SourceDay Platform reviews. | 82% (Based on 11 reviews) | |
Qualifications | Identify the services and products provided by suppliers, as well as certifications. | Not enough data | |
History | Track history of all interactions and business transactions with suppliers. This feature was mentioned in 12 SourceDay Platform reviews. | 79% (Based on 12 reviews) |
Planning
Processes | Manage workflows and business processes for procurement. | Not enough data | |
Contracts | Provide standard procurement contracts that can be customized. | Not enough data | |
Content | Maintain a repository of content such as catalogs and other documents. | Not enough data | |
Requisition | Define requisition rules for various types of procurement. | Not enough data | |
Processses | As reported in 12 SourceDay Platform reviews. Manage workflows and business processes for procurement. | 81% (Based on 12 reviews) | |
Contracts | Provide standard procurement contracts that can be customized. | Not enough data | |
Content | Maintain a repository of content such as catalogs and other documents. | Not enough data | |
Requisition | Define requisition rules for various types of procurement | Not enough data |
Execution
Sourcing | Identify and assess suppliers for different products and services. | Not enough data | |
Purchasing | Create and manage purchase orders for products and services. | Not enough data | |
Invoicing | Include features for procurement invoicing and e-invoicing. | Not enough data | |
Sourcing | Identify and assess suppliers for different products and services. | Not enough data | |
Purchasing | Electronically create and manage purchase orders for products and services. This feature was mentioned in 19 SourceDay Platform reviews. | 82% (Based on 19 reviews) | |
Invoicing | Include features for procurement invoicing and e-invoicing. | Not enough data |
Analytics
Visibility | Improve visibility into procurement activities across the company. | Not enough data | |
Performance | Monitor the performance of procurement operations. | Not enough data | |
Spend | Analyze procurement spending and identify future trends. | Not enough data | |
Visibility | Improve visibility into procurement activities across the company. This feature was mentioned in 14 SourceDay Platform reviews. | 74% (Based on 14 reviews) | |
Performance | Monitor the performance of procurement operations This feature was mentioned in 15 SourceDay Platform reviews. | 71% (Based on 15 reviews) | |
Spend | As reported in 12 SourceDay Platform reviews. Analyze procurement spending and identify future trends. | 72% (Based on 12 reviews) | |
Due Dates | Track invoices based on due dates to identify overdue payments 18 reviewers of SourceDay Platform have provided feedback on this feature. | 81% (Based on 18 reviews) | |
KPIs | Monitor KPIs such as time to process an invoice or erroneous payments This feature was mentioned in 13 SourceDay Platform reviews. | 77% (Based on 13 reviews) |
RFP Generation
Templates | Provide standard templates for different types of RFPs | Not enough data | |
RFX | Support other types of requests such as RFB/RFI/RFQ | Not enough data | |
Versioning | Track versions of RFP documents and related changes | Not enough data | |
Questions Library | Maintain a library of questions that can be reused | Not enough data |
RFP Distribution
Tracking | Track submissions from multiple vendors and suppliers | Not enough data | |
Analysis | Compare submissions and score suppliers | Not enough data | |
Selection | Choose the best submission for an RFP | Not enough data |
Submissions
Collaboration | Allow multiple users to collaborate on submissions | Not enough data | |
Knowledge Base | Maintain a repository or library of content and documents that can be reused | Not enough data | |
Review | RFPs can be reviewed by managers before submission | Not enough data | |
Reporting | Create real-time reports to compare data trends across processes, RFPs, vendors or profiles | Not enough data |
Invoice Management
Capture | Provide features to capture and record invoices, such as import or scanning | Not enough data | |
Supplier Portal | Allow suppliers to submit invoices using an online portal 11 reviewers of SourceDay Platform have provided feedback on this feature. | 80% (Based on 11 reviews) | |
Repository | Deliver a central repository of AP documents, such as POs and invoices | Not enough data |
Supplier Management
Evaluation | Based on 15 SourceDay Platform reviews. Allows users to evaluate supplier performance using standard and custom KPIs. | 76% (Based on 15 reviews) | |
Selection | Provide features to compare suppliers and choose the best option for various activities. 10 reviewers of SourceDay Platform have provided feedback on this feature. | 82% (Based on 10 reviews) | |
Risk Management | Identify potential issues and how they may impact relationships with suppliers. | Not enough data |
Invoice Processing
Matching | Ability to match AP invoices to POs, contracts, or payments | Not enough data | |
Payments | Identify incomplete or late supplier payments | Not enough data | |
Workflows | Include workflows for approvals and invoice processing | Not enough data | |
Tax Compliance | Comply with local and global tax regulations for collections | Not enough data | |
Submittal | Electronically submit invoices to buyers | Not enough data |
Integration
Accounting | Provide integration with accounting and financial management software | Not enough data | |
Payments | Integrate with payment gateways and enterprise payments software | Not enough data | |
ERP | Based on 15 SourceDay Platform reviews. Deliver integrations with accounting modules of ERP systems | 81% (Based on 15 reviews) | |
Procurement | Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management 14 reviewers of SourceDay Platform have provided feedback on this feature. | 81% (Based on 14 reviews) |
RFP Response
Project Management | Tracks the progress of any RFP in real time and set milestones to improve efficiency | Not enough data | |
Content Library | Updates, organizes, and stores content of a project | Not enough data | |
Access | Assign users, roles, and manage access in order to set tasks and leave comments | Not enough data | |
Automation | Automate repetitive and manual tasks, such as auto-filling answers and auto-responses | Not enough data | |
Export | Export files or spreadsheets with the ability to format and accomidate images | Not enough data | |
Import | Upload files or spreadsheets from multiple sources | Not enough data |
Payment Cards
One-time Virtual | Online credit card number that can be instantly sent to employees and used for secure, one-time purchases | Not enough data | |
Recurring Virtual | Online credit card number that can be instantly sent to employees and used for secure, recurring payments, such as subscriptions or services | Not enough data | |
Physical | Physical credit cards used by employees for various expenses that allow management to monitor spending and budgets | Not enough data |
Reporting
Real time | Report on spend transactions as they happen in real time | Not enough data | |
Multiple Views | Reports that allow the user to sort and filter by vendor, team, GL, department, etc. | Not enough data | |
Export | The ability to export reports in various formats, such as excel, CSV, and Google Sheets | Not enough data | |
Budgets | Report on and track spending against budgets | Not enough data |
Payments
Vendor | Pay vendors through a dashboard or portal and maintain vendor payment information | Not enough data | |
Recurring | Manage and execute recurring payments, such as subscriptions, services, utilities, etc. | Not enough data | |
Employee Reimbursements | Reimburse an employee for all necessary expenditures or losses incurred by the employee within the employee's scope of employment | Not enough data | |
ACH | Allows for the electronic transfer of funds between banks | Not enough data |
Fraud & Risk Management
Notifications | Real-time notifications for fraudulant and/or duplicate spending | Not enough data | |
Unique Cards | Individual, unique cards for each vendor to help manage duplicate and overpayments | Not enough data | |
Controls | Control spend limits, expiration dates, and lock and unlock stolen or lost cards | Not enough data |
Agentic AI - RFP
Autonomous Task Execution | Capability to perform complex tasks without constant human input | Not enough data | |
Multi-step Planning | Ability to break down and plan multi-step processes | Not enough data | |
Cross-system Integration | Works across multiple software systems or databases | Not enough data |
Agentic AI - Spend Management
Proactive Assistance | Anticipates needs and offers suggestions without prompting | Not enough data |
Agentic AI - Procure to Pay
Multi-step Planning | Ability to break down and plan multi-step processes | Not enough data |
Agentic AI - Purchasing
Proactive Assistance | Anticipates needs and offers suggestions without prompting | Not enough data | |
Decision Making | Makes informed choices based on available data and objectives | Not enough data |
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