Proactive Purchase Order Automation & Management
Stop chasing purchase order updates from vendors and suppliers. SourceDay helps you get real-time information on your POs. With SourceDay, managing your PO data is fast and easy, providing you with quick access to past and current information.
Take control of your purchase order management with our innovative solution. We can help you create a data interface with your suppliers to simplify purchase order collaboration.
Purchase orders change. That’s life.
The reality of modern supply chains means purchase orders will change about 52% of the time. You need a system that can be edited effortlessly.
Without a sophisticated system for managing POs, you’re left with a hodgepodge of emails, spreadsheets, and sticky notes. SourceDay’s simple interface allows your team to see the status of every line item – on every PO – at a glance. You won’t have to worry about constantly changing data on five different platforms. Your business can focus on creating quality products without worrying about purchase order collaboration issues.
See how SourceDay can integrate with your ERP to automate purchase order (PO) changes and enable supplier collaboration.
The SourceDay Solution
Digitize and verify every supplier invoice with comprehensive automated 3-way matching. Automatic vouchering helps you to take advantage of early payment discounts while keeping your suppliers informed – from invoice receipt to payment. 95% of your invoices will be processed touchless. Select the chosen matching rules based on your business needs.
Digitize your RFQ process and be sure you get the best pricing, lead times, and delivery terms. Send RFQs to multiple suppliers at once, then review submissions in an easy-to-read bid comparison chart. Manage your budget effectively with supplier quotes and SourceDay’s supply chain solutions. You won’t have to worry about paying unnecessary fees. Find a supplier that offers the best quality products at the lowest price.
Remove barriers to supplier communications and transform your relationships into partnerships. Enable better collaboration with supplier scorecards, a modern supplier portal, executive dashboards, and strategic onboarding. Verify accountability to prevent supplier mistakes and create strong connections with your manufacturers.
Connect Your ERP to Suppliers
When orders change, getting that information back to the ERP is often a manual process. SourceDay integrates directly with your ERP, no matter which one you use so that it’s always up to date. You can rest assured that you’re getting detailed information directly from the source. If you or your supplier need to make any changes to the orders, our platform makes it seamless. We will help your business create effortless purchase order collaboration with suppliers.
Manage All Open Orders in One Place
SourceDay’s innovative solution makes it easy to keep track of open purchase orders. Our intuitive dashboard allows buyers to filter orders by status, ask suppliers for updates, and make changes to outstanding orders. It’s never too late to communicate with your suppliers about changes to purchase orders. We are dedicated to creating a problem-free purchase order collaboration between suppliers and buyers.
See Line-Level Details
SourceDay understands that PO changes often involve only one or two line items. That’s why our dashboard shows you every line item and allows you to communicate with suppliers on each. With SourceDay, there’s no need for complex spreadsheets or multiple emails. You’ll have every line — of every PO — at your fingertips. Your purchase order collaboration will illustrate every minute change through SourceDay’s platform.
Track & Improve Supplier Performance
Supplier relationships should be partnerships. All too often, miscommunications about PO changes lead to finger-pointing. With SourceDay, supplier scorecards are available to both parties and are updated 24/7. We keep track of the direct communication between suppliers and buyers to make sure that the data presents the full picture.
Better yet, you can easily review the performance of your entire supplier base at a glance. Set custom grading rules to reflect what performance means to your business. SourceDay can manage your systems to address any specific needs or concerns you may have.
Drive Tangible Results
When supplier performance improves, your supply chain becomes more reliable. That means improvements in other areas of the business are sure to follow. Purchase order data issues can lead to mistakes that slow down your supply chain. Our platform prevents those little errors, leading to smoother transactions and improved customer satisfaction.
SourceDay customers report benefits like less buff stock, lower work-in-process inventory, and better manufacturing efficiency – to name a few. Take advantage of these benefits with our revolutionary one-stop platform.
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