SourceDay, a pioneer in automating direct spend procurement, purchase order management and supplier collaboration, announced today that its SuiteApp has achieved “Built for NetSuite” status. The new SuiteApp, built using the Oracle NetSuite SuiteCloud Computing Platform, is a procurement management solution that automates communication between buyers and suppliers to help reduce waste and inefficiencies that can erode margins and reduce on-time deliveries.
Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides partners with the information, resources and methodology required to help them verify that their applications and integrations meet NetSuite standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps have been built to meet these standards.
“Procurement is often a huge pain point in the supply chain as miscommunication and incorrect data can lead to unnecessary costs and wasted productivity,” said Clint McRee, COO, SourceDay. “Our SuiteApp enhances automation to help make it easy for companies to master the procurement process and increase efficiencies across the supply chain.”
For manufacturers and distributors, SourceDay’s SuiteApp allows NetSuite users to digitize their supply chains, automate supplier collaboration and improve supplier on-time delivery performance by up to 35 percent. SourceDay helps its customers improve productivity while helping to ensure that NetSuite has the most up-to-date and accurate supply chain data. Furthermore, unlike other vendor portals that are one-way views for the buyer only, SourceDay drives actionable two-way collaboration between the buyer and supplier.
“Organizations need an efficient and responsive supply chain to stay ahead of constantly changing expectations and that requires open lines of communication across the entire value chain,” said Guido Haarmans, VP, SuiteCloud Developer Network and Partner Programs, Oracle NetSuite. “With the launch of its SuiteApp, SourceDay is driving efficiencies between manufacturers, distributors and their suppliers by providing accurate, transparent and real-time data to break down procurement communication barriers.”
Oracle NetSuite’s SuiteCloud is a comprehensive offering of cloud-based products, development tools and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry’s leading provider of cloud-based financials / ERP software suites, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created mission-critical applications built on top of mature and proven business processes.
The SuiteCloud Developer Network (SDN) is a comprehensive developer program for independent software vendors (ISVs) who build apps for SuiteCloud. All available SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit http://www.netsuite.com/developers.
SourceDay is how manufacturers and distributors trust their supply chain. SourceDay’s SaaS solution automates purchase order (PO), request for quote (RFQ) and accounts payable (AP) management to remove costly waste and errors from global supply chains. By freeing manufacturers, distributors and suppliers from unorganized email threads, sticky notes and cumbersome spreadsheets, SourceDay dramatically improves a customer’s ability to maximize margin and meet their customer commitments on time. By seamlessly integrating with all major Enterprise Resource Planning (ERP) systems, SourceDay extends ERP purchasing capabilities and ultimately improves supplier performance. Since 2013, SourceDay has helped more than 100 manufacturing customers process more than 1 billion POs with a daily average spend of $1 million.
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