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Strategic Sourcing Application Suites

Strategic Sourcing Application Suites Reviews and Ratings

What are Strategic Sourcing Application Suites?

Strategic sourcing application suites are a set of related, integrated solutions that support upstream procurement activities; in other words, the strategic work the procurement team does for planning, assessment and performance management. Strategic sourcing application suites are used primarily by companies with $800 million or more in annual revenue that, typically, have the necessary critical mass of spend. The strategic sourcing application suite delivers four primary capabilities. Most vendors offer these capabilities as separately licensable modules: Spend analysis is a software- and service-based solution for cleansing, enhancing, classifying and analyzing spend data. It features rule-based data cleansing, automated category-level classification, analytics and decision support. Automated spend analysis is used in procurement and sourcing to quantify spend by supplier, category and part, and to identify opportunities for cost reduction and supply base resizing.

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Logo of SAP Ariba Sourcing Suite

SAP Ariba Sourcing Suite

By SAP

4
(154 Ratings)

SAP Ariba Sourcing Suite is a software that provides organizations with tools to manage their sourcing and procurement processes. The software facilitates supplier discovery, electronic requests for information and quotation, reverse auctions, contract management, and spend analysis. By offering centralized sourcing processes, SAP Ariba Sourcing Suite aims to improve procurement efficiency, support compliance, and enhance supplier collaboration. The software enables users to track sourcing events, standardize sourcing practices, automate bid collection, and gain visibility into supplier performance. It is designed to address challenges related to complex sourcing requirements and fragmented procurement systems, supporting businesses in making informed sourcing decisions and optimizing cost management.

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Logo of Workday Strategic Sourcing

Workday Strategic Sourcing

By Workday

4.7
(131 Ratings)

Workday Strategic Sourcing delivers rapid ROI by making the source-to-contract process more impactful. The solution achieves this by focusing on three areas: streamlined sourcing and collaboration through a simple intake process and intuitive interface; data-driven supplier management with a centralized view for proactive lifecycle management; and complete contract lifecycle management that streamlines authoring, negotiation, and renewals while using Workday AI to analyze contracts. This results in an agile procurement function with the intelligence to cut cycle times, exceed savings targets, and elevate its role as a strategic business partner.

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Logo of JAGGAER Advantage (Legacy)

JAGGAER Advantage (Legacy)

By JAGGAER

4.3
(104 Ratings)

JAGGAER Advantage (Legacy) is a software designed to manage procurement processes for organizations seeking to improve sourcing, supplier management, and contract administration. The software enables users to automate procurement workflows, optimize supplier selection, and measure supplier performance through analytics and reporting tools. It supports the creation, negotiation, and management of procurement contracts and streamlines compliance with organizational policies. JAGGAER Advantage (Legacy) addresses business needs such as reducing manual effort in procurement activities, improving visibility into supplier relationships, and ensuring consistency in sourcing and contract practices. The software is used to manage complex procurement scenarios and support enterprise-wide purchasing strategies.

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Logo of Coupa

Coupa

By Coupa

4.5
(66 Ratings)

Coupa is a software designed for business spend management, enabling organizations to control and optimize procurement, invoicing, and expenses. The software provides modules for sourcing, contract management, supplier collaboration, and analytics to help monitor and manage financial operations. Through its cloud-based platform, users can automate purchasing workflows, enforce compliance with policies, and gain visibility into spend data. Coupa addresses challenges such as manual processing, lack of spend control, and limited insight into supplier performance, supporting businesses in improving efficiency and reducing costs associated with unmanaged spending.

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Logo of GEP SMART

GEP SMART

By GEP

4.4
(38 Ratings)

GEP SMART is a procurement software designed to support source-to-pay operations for businesses. The software offers functionalities such as sourcing, contract management, supplier management, procurement, and savings tracking within a unified platform. GEP SMART helps organizations streamline the procurement process by automating workflows, enabling centralized management of suppliers and contracts, and providing analytical tools for spend analysis and reporting. The software addresses business challenges including improving procurement efficiency, increasing compliance, enhancing supplier collaboration, and optimizing procurement costs through better visibility and control over procurement activities.

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Logo of JAGGAER Direct Strategic Sourcing Suite (Legacy)

JAGGAER Direct Strategic Sourcing Suite (Legacy)

By JAGGAER

4.1
(38 Ratings)

JAGGAER Direct Strategic Sourcing Suite (Legacy) is a software designed to support the sourcing process for direct materials in manufacturing and industrial sectors. The software provides tools for managing supplier relationships, handling requests for quotations, conducting auctions, and evaluating supplier capabilities. It enables organizations to drive cost efficiencies, streamline procurement activities, and facilitate collaboration across multiple stakeholders. By automating sourcing workflows, the software supports analysis and negotiation tasks related to suppliers and raw materials, addressing procurement challenges such as increased transparency, compliance requirements, and process optimization within the supply chain.

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Logo of Zycus Source to Pay Suite

Zycus Source to Pay Suite

By Zycus

3.8
(36 Ratings)

Zycus Source to Pay Suite is a software designed to streamline and automate procurement and accounts payable processes for organizations. It offers modules for spend analysis, supplier management, sourcing, contract management, procurement, and invoice management. The software provides tools for managing supplier information, facilitating electronic sourcing events, controlling contract lifecycles, automating procurement workflows, and processing invoices. Zycus Source to Pay Suite aims to improve operational efficiency, enhance compliance, and provide visibility into spending across an enterprise, thus addressing challenges related to manual procurement processes, data accuracy, supplier risk, and cost control.

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Logo of Ivalua Strategic Sourcing

Ivalua Strategic Sourcing

By Ivalua

2.7
(34 Ratings)

Ivalua Strategic Sourcing is a software designed to streamline the process of identifying, evaluating, and managing suppliers throughout the sourcing lifecycle. The software offers capabilities such as sourcing project management, supplier onboarding, RFx automation, auction management, and advanced analytics. It enables businesses to create and manage sourcing events, compare supplier responses, and collaborate across teams to improve procurement outcomes. The software supports compliance with organizational policies and helps manage risks by maintaining a record of sourcing activities and supplier performance. By using this software, organizations can address challenges related to manual sourcing processes, inconsistent supplier evaluation, and lack of spend visibility.

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Logo of Sievo Spend Analytics

Sievo Spend Analytics

By Sievo

4.3
(34 Ratings)

Sievo Spend Analytics is a software designed to provide organizations with comprehensive visibility into their procurement spending. The software aggregates, categorizes, and analyzes spend data from multiple sources to generate actionable insights that support data-driven decision-making in procurement and supply chain management. It features automated data extraction, normalization, and classification functionalities, enabling users to identify cost-saving opportunities, monitor compliance, and reduce risks associated with supplier relationships. Sievo Spend Analytics addresses the business challenge of fragmented and unstructured spend data by delivering structured analytics that help organizations optimize their procurement strategies and improve financial performance.

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Logo of JAGGAER ONE

JAGGAER ONE

By JAGGAER

4.5
(31 Ratings)

JAGGAER ONE is a software platform designed to manage procurement and supply chain processes for organizations. The software offers features for spend analysis, supplier management, sourcing, contract management, procurement operations, and invoicing. JAGGAER ONE automates workflows, supports compliance with organizational policies, and integrates with enterprise resource planning systems. The software enables users to centralize supplier information, track contract lifecycles, monitor procurement activities, and analyze spending patterns. JAGGAER ONE addresses the business need to streamline procurement operations, increase visibility into spending, and improve supplier collaboration through a unified cloud-based platform.

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Logo of SAP Contract Lifecycle Management (On-Premise)

SAP Contract Lifecycle Management (On-Premise)

By SAP

4.1
(29 Ratings)

SAP Contract Lifecycle Management (On-Premise) software provides tools for managing contracts throughout their lifecycle, from creation and negotiation to execution and renewal. The software offers features such as document management, contract drafting, version control, approval workflows, and compliance tracking. It enables organizations to automate contract processes, maintain an audit trail of contract changes, and monitor obligations and milestones. The software integrates with enterprise resource planning systems to deliver centralized contract data, supporting risk management and adherence to regulatory requirements. SAP Contract Lifecycle Management (On-Premise) software addresses business challenges related to contract efficiency, transparency, and control, helping organizations optimize contract administration and reduce operational risks.

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Logo of Synertrade Accelerate Source to Contract

Synertrade Accelerate Source to Contract

By Synertrade

4.3
(26 Ratings)

Synertrade Accelerate Source to Contract is a software designed to facilitate the management of procurement processes, enabling organizations to streamline sourcing, supplier management, and contract lifecycle activities. The software offers tools for digitalizing sourcing workflows, managing supplier information, and optimizing contract negotiations and compliance tracking. It provides functionalities for automating document management, tracking milestones, and analyzing spend data. Synertrade Accelerate Source to Contract addresses the business problem of inefficient procurement operations by centralizing data, enhancing transparency, and supporting collaboration among stakeholders involved in sourcing and contract management.

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Logo of IBM Emptoris Contract Management (Legacy)

IBM Emptoris Contract Management (Legacy)

By IBM

4
(22 Ratings)

IBM Emptoris Contract Management is a software designed to streamline the creation, negotiation, approval, and management of contracts for organizations. The software enables users to centralize contract data, automate contract lifecycle processes, and enhance compliance by providing templates, version control, and audit trails. It helps businesses mitigate risks and improve operational efficiency by standardizing contract terms and monitoring obligations throughout the lifecycle. The software integrates with procurement and sourcing systems to facilitate visibility and reporting on contract status, key dates, and performance metrics, addressing challenges of manual contract handling and fragmented documentation. IBM Emptoris Contract Management supports regulatory compliance by allowing organizations to enforce policies and maintain records of contract activities within a secure, accessible repository.

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Logo of Unit4 Source-to-contract by Scanmarket

Unit4 Source-to-contract by Scanmarket

By Unit4

4.9
(22 Ratings)

Unit4 Source-to-contract by Scanmarket is a software designed to streamline and manage procurement processes within organizations. The software offers features that support strategic sourcing, contract management, supplier management, and procurement workflow automation. It enables users to create and execute sourcing events, manage supplier relationships, and ensure compliance through the procurement lifecycle. The software addresses business challenges related to reducing procurement costs, increasing efficiency, ensuring contract compliance, and improving supplier collaboration. Through its centralized platform, the software aims to enhance visibility and control over sourcing activities, thereby supporting informed decision-making and standardized procurement practices across enterprises.

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Logo of SAP E-Sourcing (On-Premise)

SAP E-Sourcing (On-Premise)

By SAP

4.1
(19 Ratings)

SAP E-Sourcing (On-Premise) is a software designed to support organizations in managing sourcing and procurement processes. The software enables users to create, evaluate, and negotiate sourcing events such as requests for quotation and tenders. Features include supplier collaboration, bid analysis, and contract management, allowing efficient handling of procurement activities across various categories. The software provides tools for process automation, documentation, and data analysis that facilitate compliance and cost optimization. By centralizing sourcing activities, the software addresses business challenges related to managing supplier information, reducing manual effort, improving negotiation outcomes, and achieving better visibility into sourcing operations.

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Logo of SmartSource (Legacy)

SmartSource (Legacy)

By Corcentric

4.1
(18 Ratings)

SmartSource (Legacy) is a software designed to support organizations with procurement and sourcing processes. The software offers tools for managing supplier relationships, conducting sourcing events, and automating procurement workflows. It facilitates contract management, spend analysis, and supplier performance tracking, aiming to streamline sourcing operations and improve compliance. SmartSource (Legacy) addresses business needs related to cost control, risk mitigation, and procurement efficiency by providing centralized access to sourcing documents and data. The software is utilized by procurement teams to enhance transparency and ensure consistency across sourcing activities while reducing manual intervention in procurement tasks.

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Logo of VendorPanel

VendorPanel

By VendorPanel

4.4
(16 Ratings)

VendorPanel is procurement software designed to assist organizations with sourcing, supplier management, and compliance processes. The software enables users to manage procurement activities, including sourcing requests, evaluation, and contract management, through a centralized platform. VendorPanel supports supplier discovery and invites suitable vendors to participate in sourcing events while facilitating transparent communication and documentation. The software aims to streamline procurement workflows, minimize risk by promoting compliance with procurement policies, and provide visibility into organizational spend. VendorPanel can be used to address challenges related to decentralized procurement, process inefficiencies, and lack of spend transparency. It is applicable for managing both simple and complex procurement requirements across public and private sector organizations.

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Logo of JAGGAER Indirect Supplier Management Suite (Legacy)

JAGGAER Indirect Supplier Management Suite (Legacy)

By JAGGAER

4.3
(13 Ratings)

JAGGAER Indirect Supplier Management Suite (Legacy) is a software designed to streamline and manage the supplier lifecycle for indirect procurement processes. The software enables organizations to centralize supplier information, track performance, and maintain compliance standards throughout supplier relationships. It includes features such as onboarding, data management, risk assessment, and performance monitoring, which are intended to address challenges related to supplier visibility, qualification, and ongoing evaluation. This software aims to reduce administrative workload associated with supplier management while supporting organizations in mitigating supply chain risks and enhancing collaboration with suppliers.

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Logo of SpendHQ

SpendHQ

By SpendHQ

4
(11 Ratings)

SpendHQ is a spend management software that enables organizations to aggregate, analyze, and visualize procurement data to support strategic sourcing decisions. The software offers features such as automated data collection, standardized categorization, and detailed reporting, allowing users to identify cost-saving opportunities and gain transparency into supplier spending. By providing customizable dashboards and insights into spending patterns, SpendHQ assists organizations in addressing business challenges related to data-driven procurement optimization, compliance tracking, and supplier management. The software helps streamline processes and generate actionable intelligence to facilitate more effective procurement strategies.

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Logo of Anvil Analytical Platform

Anvil Analytical Platform

By Anvil Analytical

4.9
(10 Ratings)

Anvil Analytical Platform is a software designed to support data analysis and visualization for organizations seeking to interpret complex datasets. The software provides tools for data integration, processing, and exploration, allowing users to aggregate information from diverse sources and generate actionable insights. Its features include interactive dashboards, customizable reporting, and advanced analytics capabilities such as statistical modeling and predictive analysis. Anvil Analytical Platform addresses the business challenge of transforming raw data into understandable formats, facilitating informed decision-making and efficient resource management by presenting findings in a structured and accessible manner.

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Gartner Research

Magic Quadrant for Strategic Sourcing Application SuitesCritical Capabilities for Strategic Sourcing Application Suites
Gartner Peer Insights 'Voice of the Customer': Strategic Sourcing Application Suites

Popular Product Comparisons

SAP Ariba Sourcing Suite vs Workday Strategic SourcingJAGGAER Advantage (Legacy) vs SAP Ariba Sourcing SuiteGEP SMART vs SAP Ariba Sourcing SuiteJAGGAER ONE vs SAP Ariba Sourcing Suite

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

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