Finance PerspectivesUse real-time sourcing insights to forecast with confidence

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Why Workday Strategic Sourcing?

Transparency and knowledge are the most reliable currency.

That’s why the office of finance depends on Workday Strategic Sourcing.
Imagine if you could easily bridge the gap between sourcing and finance. With a transparent real-time view into sourcing plans, activities, and analytics, finance can forecast without looking in the rear view mirror. Enhanced visibility also makes it easy to adjust any spend levers and better execute on strategy.

Using Workday Strategic Sourcing, sourcing can… Integrate sourcing and budget information, such as spend analytics or contract information, more closely with financial planning and analysis processes.

And as a result, the office of finance can… Marry analytics on historical spending with directionally useful information on current and planned expenditures. 78% of Workday Strategic Sourcing customers see up to 4-7% increase in spend under management.

Using Workday Strategic Sourcing, sourcing can… Provide complete visibility into how projects will be funded, execution terms, and data points on expected cost streams.

And as a result, the office of finance can… Avoid financial surprises, maintain control, and create a clear FP&A roadmap. 90.2% of customers see a benefit to the company’s overall cash position.

Using Workday Strategic Sourcing, sourcing can… Hit total spend financial targets and measure the overall effectiveness of sourcing efforts.

And as a result, the office of finance can… Realize better business outcomes and hit strategic financial targets. 97% of customers see 10x+ ROI within the first year of using Workday Strategic Sourcing.

See how we can help your business. Schedule a demo of Workday Strategic Sourcing today.

ADDITIONAL RESOURCES

Gartner: Win Big by Starting with High-Value, Low-Risk Procurement Applications. Read report

Enterprises that focus on strategic sourcing can generate substantial economic value. Learn more