In order to provide complete functionality, this web site needs your explicit consent to store browser cookies. If you don't allow cookies, you may not be able to use certain features of the web site including but not limited to: log in, buy products, see personalised content, switch between site cultures. It is recommended that you allow all cookies

Take Sourcing from Slow to Strategic

Find the right suppliers for your business and negotiate more effectively by automating your sourcing process.

Book a Demo

Can you run sourcing events and find new suppliers in just a few clicks?

Make sourcing more efficient, increase spend under management, and unlock greater value across procurement with Basware Strategic Sourcing.

Slow and Tedious Manual Sourcing Processes

When your sourcing process is wrought with manual activities, your ability to quickly source innovation, identify and communicate with new suppliers, and save money is hindered. Manual sourcing is likely holding you back due to:

  • Lacking visibility into overall company spending to support sourcing efforts

  • Missing information on the true market value of products and services

  • Slow, paper-based processes that result in errors and lost opportunities.

Costly Supplier Management & Exposure to Supply

Manual processes bottleneck your sourcing and can lead to other difficulties when it comes to bidding, negotiation, auctions, and RFX requests. These issues can lead to high supplier management costs and supply base risk.

You will be facing problems such as:

  • Slow pace of collection and comparison of quotes, leading to delays 

  • Difficulty collecting, organising, and evaluating detailed RFX information

  • Compliance threats 

  • Disjointed communication with all suppliers. 

No Data to Support Negotiations

If you don't have 100% spend visibility and an understanding of how money is being spent at your organisation, it becomes very difficult to properly negotiate with suppliers.

You probably feel as you have no foundation to stand on when requesting better pricing from suppliers if you do not have:

  • Access to transactional data from your purchase-to-pay system

  • Knowledge of how much you spent with each supplier historically, on-contract and off-contract

  • A view of how much you spent by category.

Get More Value from Procurement

Basware Strategic Sourcing empowers procurement and sourcing professionals to overcome business challenges and deliver against their goals of cost savings, spend control, and risk management. With end-to-end functionality covering all aspects of sourcing from eRFX and eAuctions to contract management and project management, automated sourcing helps procurement teams become a more strategic arm of the business by optimising how money is being spent and unlocking access to exclusive innovation and savings that help set the company apart from the competition.

Book a Demo
Get More Value from Procurement

“ISS has collaborated with Basware for many years to automate and increase both control and transparency... We are excited about the additional value strategic sourcing can provide us by forming a holistic source-to-pay process.”

Ken Vanhoegaerden, Reg. Supply Chain & Procurement Director, ISS World Services

Automate Sourcing with Basware

By automating and integrating sourcing activities with your purchase-to-pay process, you can reduce the time to identify and vet new suppliers from weeks down to days and collect more of that critical financial data you need.

More Savings

Automating your sourcing processes reduces manual work, lowers processing costs, and streamlines internal approval processes. Ultimately this translates to more cost savings with less effort. When you can easily initiate a sourcing event, tap into historical spending data, see market value of products, it's easier to make sure you're getting the best price possible and engaging in fact-based discussions with your suppliers.

Increased Compliance

Basware Strategic Sourcing comes with reports and dashboards so you get better visibility into spend, increase spend under management, and can monitor compliance. This enables you to ensure that spending is in compliance with the contracts you're negotiating. Reporting functionality helps monitor compliance rates to ensure stakeholders are leveraging existing contracts to fill business needs and not engaging in maverick spending.

Supplier Collaboration

Through a more streamlined sourcing process, your organisation will lower supply chain risk and cut transaction costs through nurturing more strategic partnerships with your suppliers. Streamline your bidding, negotiation, and awarding processes and assemble, archive and organise supplier data with an overall simpler process. Suppliers can easily see what buyers are asking for, and buyers can compare multiple suppliers against one another.

Magic Quadrant for Procure-to-Pay

Magic Quadrant for Procure-to-Pay

IDC MarketScape for Procure-to-Pay

IDC MarketScape for Procure-to-Pay

Vendor Landscape: B2B Biz Network

Vendor Landscape: B2B Biz Network

Forrester's 2017 eProcurement Wave

Forrester's 2017 eProcurement Wave

Key Features of Strategic Sourcing

eAuction Management

Conduct dynamic and organised negotiations with your suppliers to get the most out of your sourcing process. You can cater your auction types depending on what technique you believe best suits the suppliers involved. Basware Strategic Sourcing gives you flexibility in how to conduct auctions. And, with a quick and easy way to compare quotes, you can choose a supplier faster, saving valuable time.

 

eRFx Management

Successful sourcing starts with organised and detailed information. With eRFx Management, you collect and evaluate detailed supplier information to best inform your decision-making. Using a library filled with pre-approved templates and sample questions makes this easier and reduces the cycle times typically needed to manage the RFX process.

Contract Repository and Sourcing Project

View and manage contracts in a single, centralised repository, with visibility into the contract lifecycle. Easily manage all contractual commitments in a single, online repository with dashboard searching and reporting. Gain full visibility into all sourcing related project activities to properly allocate resources across sourcing initiatives.