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Workday and Scout – A Procurement Partnership to Watch in 2019

A lot of folks have been asking about our partnership with Workday, and stemming from our SPARK 2019 customer conference, we wanted to share some exciting updates across three different areas:

  • Partner. Scout is in the midst of building a product integration, which will be certified by Workday. This integration will provide a seamless connection between the two technologies across the source-to-pay process.
  • Investor. Workday Ventures, the strategic investment arm of Workday, became an investor in Scout in January 2019. This investment will result in go-to-market initiatives, as well as technical integrations between the two platforms.
  • Customer. Workday is a global customer that has deployed the Scout sourcing and supplier engagement platform to regularly engage with the business and its suppliers.

At Spark 2019, Betsy Bland, vice president, corporate strategy, Workday, and John Bruno, vice president, global real estate and procurement, Workday, further elaborated on these different areas of our partnership and what makes them unique. Read on to learn more about each one.

Workday and Scout’s Partnership

Last year, Workday began looking into upstream procurement processes related to sourcing and supplier management. The company wanted to complement its existing financial products, which focus on managing and automating the procure-to-pay process. That’s where Scout comes in. Given our ability to work throughout the sourcing and procurement process, Scout complements Workday’s products.

We’re partnering with Scout on a product level for a joint integration, for example, automatically generating the requisition from a project,” said Betsy in her presentation at SPARK 2019. “This joint integration will allow us to seamlessly automate that source to pay process, as well as serve our joint customers.

Workday Ventures’ Investment in Scout

Workday Ventures focuses on fostering the growth of emerging enterprise software companies that are both valuable to Workday customers and complementary to Workday products.

“Workday Ventures is always looking for young, emerging, innovative companies that sit in our adjacencies that we want to invest in and help fuel that growth in innovation,” said Betsy.

With the $33M Scout raised from Workday Ventures and other investors, Scout is well-positioned to continue scaling our business and creating innovative solutions for sourcing.

Workday’s Procurement Experience with Scout

Workday selected Scout for its procurement and sourcing team to help accelerate success. Workday also chose Scout because Scout’s platform could connect with the company’s existing infrastructure.

As John Bruno said during his SPARK 2019 presentation, “We integrated Scout with Workday Procurement, and we’ve seen great success within our organization from this. We can now collaborate and consolidate all of the work our sourcing professionals are doing in one place, with real-time updates in a very powerful application.”

Learn More About Workday and Scout

After reading about these different layers of our partnership, you might be wondering, what makes Workday and Scout so successful together?

It’s simple: both Workday and Scout put the user at the center of their software. With a customer-centric emphasis, both companies are revolutionizing legacy processes, making them easier and more efficient than ever. That’s what makes this partnership so special, and we’re excited for the opportunities ahead.

To learn more, watch Betsy and John in their SPARK 2019 session below!

Stan Garber | Tags: , , ,

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