Periscope Source vs. Workday Strategic Sourcing

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Periscope Source
Score 9.1 out of 10
N/A
Periscope Source (formerly BidSync) is a suite of e-procurement software now owned and supported by Periscope Holdings in Austin, Texas since the December 2014 acquisition.
$59
per month
Workday Strategic Sourcing
Score 7.8 out of 10
N/A
Workday Strategic Sourcing, formerly Scout RFP, which was acquired by Workday in late 2019, is a collaborative, cloud-based solution that makes sourcing a strategic arm of the business by providing greater visibility throughout the entire sourcing and supplier engagement process. The solution boasts 300,000 users in more than 155 countries have who manage their spend with the application.N/A
Pricing
Periscope SourceWorkday Strategic Sourcing
Editions & Modules
State
$59.00
per month
Regional
$69.00
per month
National
$119.00
per month
No answers on this topic
Offerings
Pricing Offerings
Periscope SourceWorkday Strategic Sourcing
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Periscope SourceWorkday Strategic Sourcing
Top Pros

No answers on this topic

Top Cons

No answers on this topic

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User Ratings
Periscope SourceWorkday Strategic Sourcing
Likelihood to Recommend
9.0
(1 ratings)
9.1
(2 ratings)
User Testimonials
Periscope SourceWorkday Strategic Sourcing
Likelihood to Recommend
Periscope Holdings
Well suited for tracking partner success and other commercial roles but can seem overwhelming for those who are new to it. Specific scenarios are the ability to be able to pull relevant data into charts and graphs that can be made into actionable tasks for commercial teams to pursue. It is less appropriate for non-tech associates due to its data analysis ways.
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Workday
Scout RP is wonderful to help keep an RFP very organized. It is excellent to have a single version, so that all team members helping compile an RFP response have a single place to know that they are on the current version. If a company doesn't want to respond within Scout RFP, it's my understanding that the RFP information can be exported from Scout RFP, compiled in a different tool (like XLS), and then pulled back into Scout RFP for submission. From a collaboration standpoint, there's not an easy way to "assign" questions or items. Sometimes at my company, we need different experts to answer different questions. We have to use another tool, like email or Slack, to let that person know he/she needs to answer. However, in other tools, a certain block can be assigned to the person internally within the tool.
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Pros
Periscope Holdings
  • KPI Tracking
  • False positive display
  • Graphs and charts related to dashboards
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Workday
  • Contract Pipeline
  • Contract Management
  • Supplier Onboarding
Read full review
Cons
Periscope Holdings
  • More functionality
  • More decision-based
  • Clearer graphs
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Workday
  • No way to flag where I need an internal colleague to review or add to an answer
  • No way to assign items to an internal team member for that person to answer a question
  • No status bar of the remaining items not yet answered
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Alternatives Considered
Periscope Holdings
I don’t have experience with similar products.
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Workday
I have only used RFPIO to facilitate searching for RFP answers. I have used Scout RFP only to respond to customer RFPs. I assume they have functional overlap, but my interactions with each have not included this functional overlap. For each tool's respective use, I have found them very simple, intuitive, and helpful.
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Return on Investment
Periscope Holdings
  • Positive impact on partner success
  • Positive impact on revenue due to increased revenue
  • Negative impact on sales and budget
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Workday
  • Contract Management has saved a ton of time and energy
  • Reporting has been helpful
  • Spend management has improved over time
Read full review
ScreenShots

Workday Strategic Sourcing Screenshots

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