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How SpotSource Helps

Transform your organization,
work smarter with service providers

From a Marketplace to a Workspace

Start with our Base Platfom, an internal marketplace that transforms how you find and manage service providers. Or, add on our Project and Bidding modules to deliver an end to end workspace that aligns with what procurement calls Source to Pay (S2P) but with an experience that is design for your subject matter experts like marketers and IT or R&D managers.leaders.

Whether you are a team, a department, at an SMB, or working across a global Fortune 500 company, SpotSource has a solution that can help your subject matter experts and your procurement team work better together to modernize your company, save time, reduce risk, and achieve results.

SpotSource - Finding the best approved partner should be easy
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Workflow SpotSource Marketplace to Projects and Payment

Base Platform:
Find, Select & Review

Our base platform transforms how your find the best partner to do the job. The ease of use and expanded data  take the guesswork out of these two key steps:

  1. Find: Make sure your team can easily find the right fit service providers
  2. Select: Give you robust information that empowers the best data-driven decisions
  3. Review: Collect performance data to improve future decision making and drive reporting insights

This results in better outcomes, happier teams, taking decision making from months to minutes, and much more.

Basic integrations are available to keep data up to date with your systems including information such as vendor IDs, contracts, and risk assessments.

Finding the best service provider fast

Engage & Manage:
Projects & Bidding Modules

Extending SpotSource is easy with our Projects and Bidding Modules. These allow teams to work inside your SpotSource instance end to end, from sourcing a supplier to starting a project or bid, running work with a supplier, and then reviewing their performance at the end.

These modules can increase compliance, keep procurement teams in the loop across all work streams, and improve team collaboration and alignment with suppliers.

Engage and manage suppliers using the Project and Bidding Modules to:

  • Collaborate on briefs (RFP, RFI, RFQ)
  • Build and discuss the supplier shortlist
  • Invite the supplier(s) key contacts to the project/bid
  • Receive proposals
  • Use customizable bid scoring templates
  • Chat with and answer questions from your supplier(s)
  •  Keep track of budgets (see payments integration for PO creation and releasing payments/goods receipts/GRs)
  • Create an auditable Proof of Execution (PoE) or Proof of Performance (PoP) repository that pairs with your GRs (Add-on)
  • Easily turn projects into case studies built by your supplier, improving your knowledge repository and decision making
  • Robust reporting & insights

And much more.

Bid Scoring Tool for Bidding Module on SpotSource

SpotSource Integrations Extend and Enrich Your Abilities

SpotSource integrates with a wide variety of enterprise systems.

Base Platform Integrations: Typically focus on making sure enterprise data stays up to date across fields such as Vendor ID, Contracts, Payment Ready, Diversity (DEI), and Risk Assessments.

  •  ERP Systems (SAP, etc.)
  • Risk Management Systems (Aravo, etc.)
  • Data Lake or SFTP Syncs (Snowflake, Azure, etc.)

Projects & Bidding Module Integrations: This typically focuses on payment systems and sometimes Digital Asset Management (DAM) systems, but can go broader into data systems like Power BI.

  • Payment Systems (Coupa, SAP Ariba, Sage, etc.)
  • Digital Asset Management Systems
If you have an integration question, please let us know. We most likely support it or could easily add support for it.

 

 

 

 

 

 

Explore Solutions Across Service Areas

Even though spinning up an internal agency marketplace is our most common implementation, SpotSource makes it easy to organize all the data that matters across many very different departments and service areas.

Have a smaller company or shared serviced department? Bundle functional service areas into one instance.

R&D

One place to navigate the best fit third party manufacturers for R&D. Quickly discover who is the right fit whether it is speed to market, product expansion, or small batch testing.

Professional Services

One place to zero in on the right approved supplier for IT, HR, Legal, Finance, Training, Capital,  SaaS or any other areas that are critical for sourcing services.

Agency Management

Manage marketing agencies and your martech stack in one place. Deliver more, relevant data to find, engage, and manage marketing while making compliance easy.

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