SourceDay FAQ Video #1: About SourceDay with Co-Founder Clint McRee
SourceDay Co-Founder Clint McRee talks through the problem SourceDay solves, how we integrate with your ERP system, and the story behind SourceDay’s branding in this helpful FAQ Video.
Q: What problem does SourceDay solve?
A: SourceDay automates the entire PO process from end to end, eliminating hundreds of hours of clerical work for buyers, guaranteeing 100% data accuracy, and giving everyone involved total visibility into exactly what’s happening in the supply chain at all times. SourceDay is so effective, it’s proven to reduce buyers’ PO workload by 30%, which means they’re no longer working evenings and weekends to keep up with line changes and supplier correspondence.
Q: Which ERPs does SourceDay integrate with?
A: In the beginning, SourceDay worked with one ERP—Infor Syteline. Over time, we’ve added support for dozens of other ERPs like Acumatica, Epicor, Netsuite and SAP, just to name a few. SourceDay is not an ERP; it extends the value of your ERP by specializing in purchase order automation and collaboration.
Q: How does SourceDay optimize and extend an ERP?
A: SourceDay extends your ERP into the purchasing supply chain. ERP solutions are great at telling customers what to buy, when, and who to buy from, but they’re not great at two-way communication between buyers and suppliers. SourceDay plugs into your ERP, and brings that information to both sides for a truly collaborative experience where data is immediately updated and retrieved from the ERP as work is completed.
When a supplier sends an update, the ERP is also updated. If a buyer sends an approval, that’s logged in the ERP. In this way, SourceDay maximizes the value of your ERP by making sure everyone sees and works with the same accurate information.
All major ERPs have supplier portals, but in most cases, they don’t have a lot of usage. Suppliers are often not thoroughly onboarded, which means the solution doesn’t “stick” with most suppliers. And ERP systems often don’t focus on expanding functionality or usage with new feature updates or fixes.
In addition to regular updates, SourceDay provides full onboarding for suppliers and ongoing supplier support through our hands-on support team. We guarantee a 70% supplier adoption rate within the first year.
Q: Why is SourceDay not just about automation?
A: In addition to automating the PO process, one of SourceDay’s most important features is data accuracy. Many ERP users have learned that they simply cannot trust their supply chain data.
For example, if the due date is wrong, the supplier doesn’t meet the delivery date, creating a ripple effect downstream that affects every step. SourceDay integrates directly with ERP systems, making absolute sure that every data point on every PO line is 100% accurate at every moment of every day.
Q: Why the name ‘SourceDay?’
A: We knew we wanted a name that was relevant to our business–Sourcing. When we began brainstorming names, SourceDay came to mind because it was simple, straightforward, and easy to remember. And we just couldn’t let it go. We were so sure that we purchased the domain name from someone else and we were off and running.
Q: Why the color green?
A: Bright green stands out. When we first started exploring colors, it seemed that everyone else used blue and that seemed a little boring to us. The first time we tested green at a trade show, people responded. They wanted our shirts and all our swag. Today when we attend conferences, everyone on the team wears green and we know we stand out. Bright green has been an amazing marketing tool for our company.
Clint, our COO and co-founder, worked in manufacturing for about 10 years, dealing with daily supply chain disruptions. His team was mired in manual, time-consuming, resource-intensive processes and struggled to address the constant challenges. Clint wanted a better way to work with suppliers to address late shipments and lack of collaboration. At the time, the industry didn’t have a solution for all of this, so Clint saw an opportunity to provide a solution to companies experiencing these disruptions day in and day out.