SourceDay Experiences Rapid Growth and Innovation by Solving Real Manufacturing and Distribution Challenges Around Procurement

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Since its inception in 2015, SourceDay, a cloud-based procurement management automation solution has seen tremendous growth. SourceDay continues to evolve its solution, including a native mobile procurement management app to give buyers and suppliers instant access to their SourceDay procurement platform from the convenience of their mobile device.

SourceDay, a pioneer in cloud-based procurement management automation solutions, makes a real impact in the manufacturing and distribution industries, as indicated by rapid growth in client base, employee size and global reach.

“We are winning business because we are closing the gap between buyers and suppliers,” says Clint McRee, COO and Co-Founder. “SourceDay solves the challenges companies have faced trying to find a solution that easily integrates with their ERP, requires little involvement from IT, and offers accelerated supplier onboarding. We are continuing to make strides in redefining how the supply chain procurement process is approached.”

Since SourceDay’s first beta customer in late 2015, it has amassed more than 60 additional enterprise businesses across six countries and tripled its employee size, requiring a move to larger offices. The platform now integrates with nine of the most popular ERP systems, helping clients extend their ERP functionality and consolidate disparate data from across their enterprise into a single system of record.

Beyond data consolidation, SourceDay brings automation and transparency to a traditionally manual, labor-intensive procurement process for both buyers and suppliers. Real-time visibility into the supply chain has traditionally been a problem using spreadsheets, outdated reports and emails. When buyers leverage SourceDay’s supply chain solution, their suppliers use the solution free of charge, strengthening relationships between the two parties and ensuring consistency, accuracy and accountability.

SourceDay raised a $3.5 million round of equity financing in 2017, spurring investment in product innovation and development. In fourth quarter 2017, the company brought to market a fully-interactive, native mobile procurement management app.

About SourceDay
SourceDay is a Software as a Service (SaaS) solution that automates purchase order management processes by seamlessly integrating with Enterprise Resource Planning (ERP) systems. SourceDay extends ERP purchasing capabilities by centralizing and managing the PO lifecycle for buyers and suppliers, eliminating manual processes while improving supplier performance.

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Erica Lanyon
SourceDay
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since: 01/2014
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