RFQ Collaboration by SourceDay
Side-by-Side RFQ Comparisons
Review bids from multiple vendors and award business by line item.
It’ s never been easier to compare quotes.
SourceDay makes it ridiculously simple to request quotes from suppliers and review their bids side-by-side. Want to award the whole job to one supplier? Easy.
Want to award half the bid to one supplier and the other half to another supplier? That’s easy, too.
Request for Quote
With the SourceDay solution, you can send RFQs to new and existing suppliers at once, then review submissions in an easy-to-read bid comparison. Our dashboard gives you a single view of which suppliers responded, their best offer, and their supplier scorecard rating. Simply choose the supplier who best meets your requirements and all the suppliers are automatically notified of your decision.
A Single, Unified Dashboard
Your dashboard view of all RFQs can be sorted by several options including status and deadline. You can easily see the number of supplier submissions for each RFQ and compare line items, quantities, dates, total cost, discount, sales tax and any notes.
Compare Quotes, Award Business
Easily compare quotes side-by-side and award business to the suppliers of your choosing. If your quote request included several line items, SourceDay allows you to split the RFQ and award business to more than one supplier.
Work directly with your suppliers to receive clear purchase orders without a middleman. Standardize communication to reduce delays, errors, and frustrations. Expedite acknowledgments and track changes to lead times, pricing, quantities, and delivery dates – all in one place, in real-time.
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.
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.
See SourceDay in Action
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