Leading Direct Procurement Risk Management solution recognized for using AI to head off supply chain delays
Austin, Texas – March 18, 2025 – SourceDay, the leading provider of direct spend procurement automation solutions, has been named to Fast Company’s Most Innovative Companies in Logistics for 2025. This prestigious recognition highlights SourceDay’s transformative impact on supply chain visibility, supplier collaboration, and procurement automation, reinforcing its role as an industry leader in direct procurement risk management.
SourceDay helps manufacturers, distributors, and suppliers improve supply chain performance by automating purchase order management, reducing risk, and enhancing real-time supplier collaboration. By eliminating manual processes, SourceDay ensures data accuracy, on-time deliveries, and seamless ERP integration, helping businesses navigate global supply chain challenges efficiently.
Driving Innovation in Procurement & Supply Chain Resilience
In 2024, SourceDay launched SourceDay Intelligence, an AI-driven risk management solution that leverages machine learning (ML) to proactively detect inbound supply risks, recommend resolution strategies, and automate workflows. This innovation enables customers to increase on-time delivery rates to up to 96%, mitigating supply chain disruptions before they impact operations.
SourceDay’s rapid growth and industry impact have been fueled by key partnerships and investment milestones. In April 2024, SourceDay became an Infor Certified Solution Partner, further enhancing ERP integration capabilities for discrete manufacturing and distribution industries. In 2022, the company secured $31.5 million in Series C funding, led by Norwest Venture Partners, to expand its AI-driven supply chain solutions and accelerate global adoption.
Leadership Commentary
“Being recognized by Fast Company as a leader in supply chain innovation is an incredible honor,” said Michael Miller, CEO of SourceDay. “Our mission has always been to revolutionize procurement by delivering cutting-edge technology that ensures supply chain resilience. This award reaffirms our commitment to empowering businesses with real-time data visibility, AI-driven risk detection, and supplier collaboration tools that drive measurable results.”
About SourceDay
SourceDay is the industry-leading direct procurement automation platform, helping manufacturers, distributors, and suppliers bridge the gap between ERP systems and supplier networks. By streamlining purchase order management, improving supplier accountability, and eliminating manual procurement processes, SourceDay ensures businesses maintain data accuracy, cost savings, and supply chain resilience.
For more information, visit www.sourceday.com.
About Fast Company
Fast Company is the world’s leading progressive business media brand, with a unique editorial focus on innovation in technology, leadership, world-changing ideas, and design. Written for, by, and about the most progressive business leaders, Fast Company inspires readers to think expansively, lead boldly, and embrace change.
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