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Workday Strategic Sourcing

Workday Strategic Sourcing
Formerly Scout RFP

Overview

What is Workday Strategic Sourcing?

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.…

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Pricing

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What is Workday Strategic Sourcing?

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…

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  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Details

What is Workday Strategic Sourcing?

Workday Strategic Sourcing helps users make their strategic sourcing simpler, smarter, and more streamlined. Its cloud-based platform – encompassing activities from project intake through sourcing pipeline to contract and supplier management to RFx and reverse auction tools– closes the loop on sourcing and, in the process, empowers collaboration, centralizes data, makes processes more transparent, ultimately to drive better business outcomes.

Workday Strategic Sourcing offers users insight into supplier performance and risk, and add procurement and financial management for compound value over time. Through collaborative solutions, actionable insights, and efficiencies within the full source-to-pay process, Workday helps users to help finance digitally transform operations.

Workday Strategic Sourcing Features

  • Supported: Sourcing project intake
  • Supported: Pipeline management
  • Supported: RFx and reverse auctions
  • Supported: Contract management
  • Supported: Supplier onboarding and performance management
  • Supported: Dynamic negotiations
  • Supported: Reporting and savings tracking

Workday Strategic Sourcing Screenshots

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Workday Strategic Sourcing Competitors

Workday Strategic Sourcing Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationApple iOS, Android
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Reviews and Ratings

(17)

Reviews

(1-2 of 2)
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Score 10 out of 10
Vetted Review
Verified User
Incentivized
Workday Strategic Sourcing integrates with Workday Financials which feeds contract information, supplier information, and FDM information such as spend category and cost center. We primarily use it for contract management, which helps solve pipeline issues that we've had in the past.
  • Contract Pipeline
  • Contract Management
  • Supplier Onboarding
  • Integration with Workday
  • Dimensionality Management
Workday Strategic Sourcing is great for contract pipeline and management, but I wish it was better integrated with Workday so that we could keep it "clean" when the dimensionality is changed or updated in our financial data model.
  • Contract Management has saved a ton of time and energy
  • Reporting has been helpful
  • Spend management has improved over time
Score 9 out of 10
Vetted Review
Verified User
Incentivized
My part of my company uses Scout RFP for responding to RFPs that initiate in Scout RFP. I'm in Sales, and if I receive an RFP via Scout RFP, we will compile the answers, collaborate as a team, submit questions and receive answers, and ultimately respond back to the customer all inside Scout RFP.

However, Sales is only one department in my company. I don't have visibility if other departments in my company have additional uses for Scout RFP. For example, maybe our procurement department sends out RFPs to other companies and evaluates/manages those RFPs within Scout RFP.
  • Easy to transfer information with the company initiating the RFP
  • Easy to navigate to items that aren't answered on the RFP
  • Easy to share and collaborate among internal teammates
  • 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
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.
  • Ease of responding to RFPs and winning business
  • I don't have visibility into whether we have an actual $$$ of deals closed where we responded to the RFP within Scout RFP
  • Other departments of my company may use Scout RFP for sending out RFPs and collecting RFP responses, thus reducing costs to issue RFPs
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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