Manage your risk effectively with a 360° Source-to-Pay platform
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Source-to-Pay to mitigate risks and costs
E-procurement is a powerful tool to recognize and build strategies to take an organization away from unnecessary risks. Risk management will allow businesses to develop decisions that help them to achieve cost savings, establish stronger supplier relationships and anticipate issues long before they become major problems to the company. Proven to drive productivity and growth, Sourcing Force’s suite both reduce risks and decreases costs.
Understand your spend for a better risk assessment
Rethink your procurement quadrant and reduce risks
Sourcing Force helps you identify, assess and mitigate risks associated with procurement. Our e-procurement suite highlights the nature of risks throughout the sourcing and procurement cycle.
Make safe and smart risk decisions upstream, and during procurement processes
Sourcing Force provides cohesive risk analytics to guide supplier selection and segmentation, with active non-stop monitoring to minimize supplier risk in procurement .
Easily consolidate supplier risk assessments
Automate, streamline, and simplify the risk assessment and due diligence process. Sourcing Force is an easy way for suppliers to upload and maintain their data, as well as for making supplier risk management and due diligence part of your entire source-to-pay processes
Make safer decisions and prevent risk exposure
Mitigate risk for your organization by exploring our various e-procurement and source-to-pay modules
Hosted & Punchout catalogs
Load providers' catalogs in one central place and get key data to assess them directly from Sourcing Force.
Sourcing Events / Spot Bid
The best sources and prices at a glance. No more phone calls, automate sourcing and free up some time.
Store and manage contracts with vendors, leases, legal agreements etc..., be alerted, and reduce financial risks.
Measure easily the impact of e-procurement on Risk Management
Supplier risk monitoring
Sourcing Force is designed to protect your business from exposure to compliance, financial, sustainability, and operational risks. Our e-procurement platform gives your business one view across the full supplier account, ongoing activities as well as risk profile
When a supplier submit a request, Sourcing Force automatically generates a risk exposure profile including compliance reports, and segmentations based on risk exposure grouped by risk categories
Continuous risk monitoring from on-boarding to qualification to performance management, Sourcing Force provides a complete 360° view of each supplier for informed business decisions, all in one place
« Sourcing Force really gave us the ability to quickly identify areas we needed to improve. For instance, before we integrated the Risk Management module, our supplier controls were handled manually, it was incredibly time-consuming and counter-productive for all of us. Now it’s all automated in the cloud and way more efficient. »
Purchasing & Sourcing Manager
Analytics & Procurement Process Map
Spot Bidding / Sourcing
Unified Invoicing Tools
Sourcing Force transforms your purchasing processes
Key team members have direct access to the platform and get a 360° view into resources, suppliers and spend
Over a thousand users including leading companies have digitized their procurement experience with Sourcing Force
That’s how much you can save by choosing our e-procurement suite for your organization
« Sourcing Force helped us manage our sourcing processes in the simplest way. We have speeded up our relationship with suppliers and overachieved regulatory compliance »
Why are E-Procurement strategies so important ?
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Latest Procurement Insights
The amount of detail in spend data differs between companies. What is a critical field to one industry may not matter to another. As our team builds classification rules, we look at any and all fields that contain useful information. Typical fields we may see...read more
A lot of spend analysis vendors use percentages when describing spend analysis and their capabilities. “Classified to >85% accuracy.” “Cleansed at 95% accuracy.” Or “Classified close to 100% accuracy.” At Sourcing Force we also use percentages to validate...read more
This blog post focuses specifically on supplier normalization. What is Supplier Normalization? Supplier normalization is the process of taking supplier names with multiple spellings, mis-spellings, abbreviations, etc. and normalizing them (cleaning them up so...read more