TrustRadius: an HG Insights company

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    TermSync

    Score10 out of 10
    N/ATermSync is a cloud-based accounts receivable management platform. It helps companies get paid faster, reduce administrative costs, and improve customer relationships. It works with clients’ existing accounting systems and can be up in running in a day or less. Companies can choose from various modules including invoice delivery, customer portals, collection workflow management, and advanced reporting & analytics. TermSync was acquired by French company Esker in January 2015.N/A

    Workday Strategic Sourcing

    Score6.1 out of 10
    N/AWorkday Strategic Sourcing supports procurement by automating source-to-contract processes, from project intake to supplier management, and by surfacing contract obligations. It leverages Workday AI to provide insights and conversational tools that help teams identify savings opportunities and mitigate supplier risk.N/A
    Pricing
    TermSyncWorkday Strategic Sourcing
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    TermSyncWorkday 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
    Best Alternatives
    TermSyncWorkday Strategic Sourcing
    Small Businesses
    No answers on this topic
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    Medium-sized Companies
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    Precoro
    Score9.5 out of 10
    Enterprises
    No answers on this topic
    GEP Quantum Intelligence
    Score9.2 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    TermSyncWorkday Strategic Sourcing
    Likelihood to Recommend
    10.0
    (2 ratings)
    9.1
    (2 ratings)
    User Testimonials
    TermSyncWorkday Strategic Sourcing
    Likelihood to Recommend
    Esker
    If you are one person or managing 10, TermSync allows you to track what you and your team is working on. When to follow up with customers so that no one is missed. It allows you to see if each teammate is pulling their weight and getting done what needs to be done or if more help is needed. The Executive Metrics reports give you all the information for month end reporting and also shows you the weaknesses so you can motivate your team to excel in those areas.
    Incentivized
    Read full review
    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.
    Incentivized
    Read full review
    Pros
    Esker
    • The dashboard makes it easy to organize my daily work and to track customer contacts.
    • TermSync makes it easy for our customers to communicate with us at a time the best works with their schedule.
    • I love the credit reference reports. This saves us all the time of printing, completing and faxing credit reference reports.
    Incentivized
    Read full review
    Workday
    • Contract Pipeline
    • Contract Management
    • Supplier Onboarding
    Incentivized
    Read full review
    Cons
    Esker
    • Reporting. It is hard for TermSync to create a report for every business type out there so you may need to have some things customized, but they are always willing to assist.
    • The requirements needed to accept payments online requires some information that larger companies may not want to give out.
    Incentivized
    Read full review
    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
    Incentivized
    Read full review
    Alternatives Considered
    Esker
    When researching for this type of product, I did reach out to other vendors. I worked closely with Billtrust in the past and they were lacking in this area when I was ready to make my move. It is my understanding that they have something very robust in the works but I can't say where that will fall on the cost spectrum. By comparison, other companies, like Get Paid had priced themselves right out of our market. TermSync gave us the tools we needed at a price we could afford in the least amount of time and very little assistance from our IT Group, which was a big relief.
    Incentivized
    Read full review
    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.
    Incentivized
    Read full review
    Return on Investment
    Esker
    • Our over 60 day list has been reduced by more than 100 accounts.
    • Our DSO is consistently trending lower.
    • All of the customer notes are stored in one place saving time for everyone.
    Incentivized
    Read full review
    Workday
    • Contract Management has saved a ton of time and energy
    • Reporting has been helpful
    • Spend management has improved over time
    Incentivized
    Read full review
    ScreenShots

    Workday Strategic Sourcing Screenshots

    Screenshot of Workday Strategic Sourcing Contract Lifecycle ManagementScreenshot of Workday Strategic Sourcing Supplier Relationship ManagementScreenshot of Workday Strategic Sourcing Strategic Sourcing DashboardScreenshot of Spend Management