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Compare the Top Sourcing Software of 2021

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Sourcing Software Guide

What is Sourcing Software?

Sourcing software enables the optimization of procurement processes through the use of reports, supplier management features, and RFP creation tools. Compare the best Sourcing software currently available using the table below.

  • 1
    Vendorful

    Vendorful

    Vendorful

    Vendorful offers a suite of solutions for e-sourcing and vendor management. From vendor (supplier) selection to contract renewal, the platform simplifies complex processes, eliminates “busy work,� and reduces risk while delivering strong ROI. Modules include e-Sourcing, Reverse Auctions, Vendor Management, Vendor Scorecarding, Contract Administration, and Compliance Questionnaires. The product’s point-and-click interface and automated data aggregation quickly replaces cumbersome Excel spreadsheets and shared drives. And, as an API-first product, Vendorful can integrate into a range of other systems including, but not limited to, e-procurement applications, finance systems, ERPs, e-signature solutions, single-sign-on systems, and third-party risk applications. Offered in public and private cloud configurations, Vendorful serves SMEs and enterprises across verticals including Financial Services, Not-for-Profit, Higher Education, Retail, and more.
    Starting Price: $1500/month
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  • 2
    Promena

    Promena

    Promena e-Sourcing Solutions

    Promena is an integrated web-based auction management, sourcing, and procurement management platform. As a strategic e-auction, e-procurement, and e-sourcing solution, Promena provides users with a global, configurable, and integrated system that can promote transparency and enhance productivity within the organization ’s supply chain. Promena supports strategic solutions, such as request for proposal (RFP), request for information (RFI), request for quotation (RFQ), and e-auction services. Other key features include Rfx management, sourcing management, auction event management, expense management, supplier management, spend management, and more.
  • 3
    Anvyl

    Anvyl

    Anvyl

    A production hub for the modern supply chain. Anvyl provides a single place to manage suppliers, oversee production, and track in-depth manufacturing data. Get the visibility you need to deliver great products. Anvyl streamlines supply chain communication, automates workflows, and delivers real-time production analytics from order to delivery. Manage your suppliers and find new ones on our highly-vetted network. Submit requests for quotation (RFQs), get cost breakdowns, and accept quotes right on the platform. See your entire parts library and supplier directory in one place. Quickly issue purchase orders and organize important quality and logistics documents. Collaborate with suppliers and members of your own team, automate check-ins across critical production milestones, and integrate data from freight forwarders and other logistics partners.
  • 4
    TRADOGRAM

    TRADOGRAM

    Tradogram Inc

    Tradogram is an all-in-one procurement management software. Used worldwide by businesses to track their spending and manage their entire purchasing process. Trusted by procurement and finance teams for real-time visibility into data and streamlining workflows to provide insight into spending, users have reported 3X better efficiency and an average of 20% cost savings! What are you waiting for? Get your free account today and access tools like Supplier Management, Items Catalog, Approvals Workflow, Requisitions, RFQs, Purchase Orders, Delivery Tracking, Invoices Matching, Expense Reimbursement, Contract Repository, and many more... Seamlessly integrate Tradogram with your favorite accounting and ERP systems like Quickbooks, Xero, Netsuite, SAP, Microsoft Dynamics, Oracle, etc.
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    Starting Price: $18.00/month/user
  • 5
    Proactis

    Proactis

    Proactis

    Proactis helps mid-market organizations in rapid growth mode control 100% of their spend. Proactis' all-in-one spend management platform automates the Source-to-Pay process; to help save money and create efficiency gains while increasing compliance and reducing risk. The best part, it's your spend management journey. Start in any area of your procurement process or deploy the full suite — it's your choice. Working with Proactis means you have access to our team of experts from day one. We are with you every step of the way, well beyond go-live. Our services and support are a continued commitment to our partnership and goal of delivering excellence.
  • 6
    Team Procure

    Team Procure

    Team Procure

    Team Procure is a cloud-based procurement solution. Our software is easy to use and can be customized to the needs of your business. We support a streamlined procurement workflow that allows you to manage your internal purchase requests as well as your entire supply chain in a single platform. We offer procurement solutions for: • Purchase Request Making • Supplier Onboarding • Custom Approval Processes • RFQs • E-Auction Solutions (Reverse, Dutch, British, Sealed-Bid) • Advanced Reporting Team Procure also offers enterprise-grade solutions for large procurement operations. Our software manages large procurement teams that are distributed across multiple companies and locations. We offer warehouse management, logistics, contract management, payment tracking, supplier portals, and more. Team Procure is ready to help you with your procurement needs.
    Starting Price: $200/month/user
  • 7
    CompareCoOps

    CompareCoOps

    VendorPanel

    CompareCoOps is the smart way for public agencies to access cooperative contracts, identify suppliers, get competitive quotes, and report on contract usage. It's transparent, easy, and free for agencies. Source cooperatives for suppliers of products and services across a wide range of popular categories. Save money and reduce risk while taking advantage of the benefits of cooperative purchasing. Simple tools guide you through creating a secure request. Easily compare responses from invited suppliers. Choose the winning quote and automatically let suppliers know of the outcome.
    Starting Price: Free to public agencies
  • 8
    Prokuria

    Prokuria

    Prokuria

    With Prokuria's cloud-based platform, you can streamline your procurement process and save time without compromising on quality or customizations that match each team’s needs perfectly! The intuitive interface makes it simple for any size business to use. Prokuria helps companies ease the procurement, purchase, and supplier management process through time and cost-saving solutions: 1. RFIs, RFPs, RFQs 2. Reverse Auctions for big impact 3. Requisition & Approvals 4. Supplier Management for utmost efficiency 5. Purchase Orders made interactively 6. Contract repository 7. Supplier Price Monitoring 8. No-Code for Procurement. User-friendly procedures boosting internal collaboration, alignment with stakeholders, and speed of business. With Prokuria, the procurement process is both modern and efficient. We use several different approaches to achieve this goal with a focus on: -Ease of use -Free-trial for you to test it -Fast implementation -In-depth customizations
    Starting Price: €15.00/month/user
  • 9
    CobbleStone Contract Insight

    CobbleStone Contract Insight

    CobbleStone Software

    CobbleStone's contract management software is an award-winning solution to track and manage contracts backed by artificial intelligence. With CobbleStone, organizations are able to automate and streamline the entire contract lifecycle with enterprise-wide contract tracking, contract administration, contract drafting, custom report design tools, task and checklists, security, document management, check-in tracking, financials, cost control, and more. Contract Insight is offered in three editions: Contract Insight Enterprise, Contract Insight Express, and Contract Insight Workgroup. Call today for a free demo and pricing at 866-330-0056.
    Starting Price: $59.00/month
  • 10
    ProcurePort

    ProcurePort

    ProcurePort

    ProcurePort provides a best in class cloud hosted sourcing software that automates the entire source to pay process. Modules that seamlessly connect with each other that can be used independently or together. Following modules make up the ProcurePort Solution Suite -Requisitions -RFP & RFQ -eAuctions (Reverse, Forward, Dutch, etc.) -Contract Management -Supplier Management -Spend Analysis -P,O and Invoice Automation ProcurePort provides a best in class e-procurement platform, complimented by our industry-leading implementation service and support.
    Starting Price: As low as $275.00/month/user
  • 11
    QLM Sourcing
    "QLM Sourcing" is a cloud strategic sourcing and supplier management solution that streamlines processes for user organizations to increase efficiency, throughput, and quality of output to drive increased profitability. QLM Sourcing offers a rich feature set including customer management and quoting, collaborative supplier eRFQ event management, business award and purchase order, spend analysis, and more. QLM Sourcing gives each user organization custom eRFQ templates for different product/service types. Amongst other innovative features is an automated notification function that reminds suppliers of an approaching due date to increase response rates and compliance. Efficiently manage your supply base with configurable document management, segmentation, supplier self-service and performance score-carding. Add new suppliers in seconds with no cost ever to suppliers, all without the overhead of a high-maintenance supplier portal.
  • 12
    SourceRFX

    SourceRFX

    SourceRFX

    SourceRFX is the best alternative for small and medium companies looking to automate sourcing, procurement and supplier collaboration at a fraction of overall cost considering the expensive license, implementation, support and other overheads of Ariba like solutions. Smaller organisations without ERP may also consider SourceRFX as an option meeting some of the basic requirements and help migrate from Spreadsheets. This is an all-in-one solution for the mid-market, where as most of the other enterprise offerings bundle features you need in separate modules, adding up to the cost. Large enterprises with established systems and processes could use SourceRFX platform/services to supplement their operations.
    Starting Price: $19/user/month
  • 13
    Workday Strategic Sourcing
    Workday Strategic Sourcing (formerly Scout RFP) is a strategic sourcing software designed to make the enterprise buying process smooth and simple for both buyers and suppliers. A cloud-based solution, Workday Strategic Sourcing offers an intuitive interface and robust tools including one central data channel, automated request routing and customized contract milestones, seamless collaboration, and robust reporting. Workday Strategic Sourcing is trusted by various businesses in a wide range of markets, including technology, retail, restaurants, manufacturing, hospitals, universities, and more.
  • 14
    Diffbot

    Diffbot

    Diffbot

    Diffbot provides a suite of products to turn unstructured data from across the web into structured, contextual databases. Our products are built off of cutting-edge machine vision and natural language processing software that's able to parse billions of web pages every day. Our Knowledge Graph product is the world's largest contextual database comprised of over 10 billion entities including organizations, people, products, articles, and more. Knowledge Graph's innovative scraping and fact parsing technologies link up entities into contextual databases, incorporating over 1 trillion "facts" from across the web in nearly live time. Our Enhance product provides information about organizations and people you already hold some information on. Enhance let's users build robust data profiles about opportunities they already hold some data on. Our Extraction APIs can be pointed to a page you want data extracted from. This can be product, people, article, organization page, or more.
    Starting Price: $299.00/month
  • 15
    eSupplier

    eSupplier

    eSupplier.com

    At eSupplier, buyers and suppliers collaborate right from eRFx, Supplier Discovery, eQuote, eCompare and finally negotiate via reverse eAuctions, in addition system generates audit compliance reports as well as provides spend analytics.
    Starting Price: $99/month/user
  • 16
    BidNet | SourceSuite
    SourceSuite by BidNet is designed for buying organizations looking to establish a simpler and more efficient purchasing process. SourceSuite’s cloud based procurement solution takes away the complexity of the sourcing process by providing teams access to modules that include solicitation management, supplier and bidder management, bid and award management, and reports and auditing. This delivers a slew of benefits to organizations, including increased transparency and efficiency.
    Starting Price: $1.00/one-time
  • 17
    Bonfire

    Bonfire

    Bonfire

    Bonfire is a next generation sourcing enablement platform designed to help modern procurement teams become more powerful and efficient buyers by supercharging collaboration and strategic decision-making. Bonfire assists sourcing teams from project launch and deep data collection, through to strategic evaluation, optimization and e-auction, as well as in tracking KPIs and insights. The solution is suitable for businesses and enterprises, as well as for the public sector.
  • 18
    Xeeva

    Xeeva

    Xeeva

    Xeeva is the leader in indirect spend management solutions that optimize the entire procurement process. From delivering unparalleled data quality and completeness to intelligent guided buying for managing complex procurement operations, take advantage of Xeeva’s unique combination of AI-powered technology, industry insights, and domain expertise to maximize your procurement efficiency and savings. Xeeva transforms indirect spend management with best practices around spend analytics, data enrichment, sourcing, and procure-to-pay solutions that drive better, more strategic decision-making and deliver real financial impact to the enterprise.
    Starting Price: $75000.00/year
  • 19
    ProcureWare

    ProcureWare

    eBid Systems

    ProcureWare provides you with tools to make smart sourcing and contracting decisions. With a customizable self-registration system, this way you can guarantee that you are working with qualified suppliers. Detailed information is available for better management. One platform to manage requests, technical and pricing quotes. Make the better decision by analyzing all quotes. The complete history of ProcureWare is at your disposition for any reporting needs. ProcureWare delivers the essential procurement tools for supplier management, sourcing, and supplier management.
  • 20
    Sourceit

    Sourceit

    sourceithq

    Founded in 2014, sourceithq is a software organization based in Australia that offers a piece of software called Sourceit. Sourceit features training via documentation, live online, webinars, and videos. The Sourceit software suite is SaaS software. Sourceit offers online support. Sourceit is procurement software, and includes features such as auction management, bid management, budget management, catalog management, contract management, inventory management, purchase order management, requisitions & approvals, sourcing management, spend management, and supplier management. Software pricing starts at $3500 per month. Some competitor software products to Sourceit include Prokuria, ProcurePort, and TRADOGRAM.
    Starting Price: $3500 per month
  • 21
    Ignite Procurement

    Ignite Procurement

    Ignite Procurement

    Strategic procurement. Digital. Data-driven. Smarter. A spend management solution helping you unlock the full power of strategic procurement. Spend analysis. Transform your data into actionable insights. Data enrichment. Get additional perspectives on your data. Contract management. Unlock the full value from every contract. Initiatives & tasks. Keep track of your procurement activities. Savings tracker. Plan, measure and track your savings. Digital tenders. Conduct smarter tenders – fully digitized. Get the reliable spend visibility you deserve. Within minutes, ignite procurement provides you a full overview of spend composition and development. Enrich your data with third-party data sources to get important additional perspectives. For example, financial information about your suppliers provides valuable insights on opportunities and risks. Manage your contracts and improve compliance to unlock the full value from every contract.
  • 22
    Procol

    Procol

    Procol

    Best procurement software that is flexible, user-friendly, cost-effective, enterprise-grade secure, and can be deployed in under 7 days to optimize your procurement management. Consolidate your entire spend and achieve higher cost savings. Gain 100% spend visbility with end to end audit trails. Save time from manual follow ups and automate procurement tasks. Become the customer of choice for all your suppliers. Centralize all of your requests by moving sourcing activity out of email inboxes to streamline request management and create structured data via eSourcing. View supplier bids and responses side-by-side / Build RFPs, RFQs, and RFIs in minutes with a tool designed for sourcing. Deliver higher cost savings with 45+ unique bidding algorithms. Discover prices like never before. Save thousands of hours by providing a supplier portal to manage communications, transactions and issue resolution.
  • 23
    Negotiatus

    Negotiatus

    Negotiatus

    Negotiatus gives businesses the power to place orders, control spend, and submit payment across every vendor in one place. We provide one catalog and cart to order, one powerful reporting and budgeting system, and one invoice per week or month across all the products a business buys. As a result, businesses benefit from a 95% reduction in time to order and reconcile, a 77% reduction in the number of invoices received, and 8% savings on line items. Operations and finance teams spend less time placing and reconciling orders and more time where it matters.
  • 24
    DealCloud

    DealCloud

    DealCloud

    Deal, relationship, and firm management. DealCloud provides a single-source deal, relationship, and firm management platform that enables capital markets firms to power their dealmaking process — from strategy to origination to execution. We offer best-in-class customized solutions and implementations for firms of all sizes, along with a variety of data partner integrations and system APIs that can maximize your existing technology investments. Schedule a demo below to learn more about how DealCloud can work for your team. To date, we have equipped over 25,000 of the world’s most active capital markets professionals with the solutions they need to be more effective and more competitive.
  • 25
    IBM SAP Ariba
    Your company’s procurement operations represent one of your best opportunities to drive innovation and business value. Take advantage of potential savings by reinventing your approach to procurement. From consultation through implementation of SAP Ariba solutions and IBM Watson®, we are your partner for digitally reinventing your procurement operations. IBM helps clients emerge stronger in procurement with the established platform of SAP Ariba and IBM’s own innovative solutions in the areas of AI, blockchain and RPA. Learn how to implement SAP Ariba solutions quickly and economically with our IMPACT for SAP Ariba accelerator and increase functionality with our Cognitive Procurement Platform. Our procurement solutions are integrated with IBM Watson, including robotic process automation for source-to-pay activities. The SAP Ariba Network provides a single point of integration to thousands of suppliers for more effective and efficient supplier management.
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