SourceDay
SourceDay is an Austin-based B2B SaaS company that provides an AI-driven purchase order collaboration and supplier portal platform, integrating with 500+ ERP systems to serve manufacturers and distributors across industrial machinery, data center hardware, packaging, electronics, and vehicle manufacturing.
- Company typePrivate
- Founded2015
- HeadquartersAustin, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What SourceDay does
SourceDay, Inc. is a privately held, Austin, Texas-based B2B SaaS company that provides an AI-driven purchase order (PO) collaboration and supplier portal platform for manufacturers and distributors. The company was founded around 2013-2015 by Clint McRee (Co-founder & CSO) and Tom Kieley (Co-founder, Board), and is led by CEO Michael Miller, previously COO at Convey Inc through its acquisition by project44. SourceDay's cloud platform, built on Ruby on Rails and React, integrates with 500+ ERP systems via native connectors, RESTful APIs, EDI, and flat-file methods, with certified/accredited partnerships with NetSuite (SDN Partner of the Year 2023), Epicor (ISV Partner), Infor (Solution Partner), and Acumatica (Marketplace Partner). The company processes over $5B in quarterly direct spend, 100M+ PO changes per year, and has activated 100K-120K suppliers globally.
The product suite centers on PO Collaboration as the core workflow and adds modules for RFQ Collaboration, Supplier Scorecards, Item Performance, Shipment Visibility, Supplier Portal, and an Automation engine. The 2024-2025 product launches — SourceDay Intelligence (patent-pending AI/ML), AI Agents (autonomous automation claimed at up to 80% of manual PO tasks), and Supplier Reliability and Supply Volatility Indexes — represent a deliberate shift from workflow software toward predictive analytics and agentic automation. The platform is SOC 2 Type 2 compliant and targets five named primary verticals: Industrial Machinery, Data Center Manufacturing, Packaging, Electronic Components, and Vehicle Manufacturing.
SourceDay operates an enterprise SaaS subscription model priced by Units (items) and Authorized Users on annual billing, supplemented by professional services for ERP integration and implementation, and a freemium supplier-side offering (Supplier Spot) that drives network effects. The company has raised approximately $57.65M across six rounds through a $31.5M Series C in February 2022 led by Norwest, with prior investors including Silverton Partners, ATX Venture Partners, Baird Capital, Draper Associates, and Coupa Ventures. Customer concentration is low, with named enterprise logos spanning Ag Leader, Marine Layer, BraunAbility, JBT AeroTech, Viking Yachts, Laitram, SPM Oil & Gas, Progress Rail, and others.
SourceDay firmographics
Firmographics- Name
- SourceDay
- Legal name
- SourceDay, Inc.
- Website
- https://sourceday.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- SourceDay is an Austin-based B2B SaaS company that provides an AI-driven purchase order collaboration and supplier portal platform, integrating with 500+ ERP systems to serve manufacturers and distributors across industrial machinery, data center hardware, packaging, electronics, and vehicle manufacturing.
- Ownership category
- akta.pro rank
SourceDay industry classification
Industry- Product category
- Procurement / Direct Spend Management Software
- akta.pro primary industry
- Purchase Order (PO) Management & Processing (BPAAAJAF)
Keywords
Where SourceDay is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
SourceDay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- SaaS Subscription Fees: SourceDay provides SaaS services under subscription periods. Customers pay subscription fees based on units (items) and authorized users as defined in their Order. The subscription model includes automatic renewal provisions with 60-day non-renewal notice requirements.
- Professional Services: Implementation Services and other Professional Services are provided as part of onboarding, including ERP integration configuration, data migration, integration testing, and system implementation. Professional Services are billed at SourceDay's standard hourly rates on a biweekly basis.
- Unit-Based Pricing: Subscription fees are calculated based on 'Units' defined as items in addition to Authorized Users as specified in the applicable Order. This unit-based structure allows scaling based on transaction volume and user count.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS Platform with ERP Integration |
| Freemium | Others | Supplier Access (Free) |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels8 records
SourceDay product offering
Product offeringCore offering
SourceDay sells a cloud-based, AI-driven purchase order (PO) collaboration and supplier portal that synchronizes buyers, suppliers, and ERP systems in real time. The platform automates direct procurement workflows including PO acknowledgments, change orders, RFQs, shipment visibility, and supplier performance scorecards, integrating with 500+ ERP systems such as NetSuite, Epicor, Infor, and Acumatica. Its patent-pending SourceDay Intelligence layer applies machine learning to predict supplier and supply-chain risks before disruptions occur, automating up to 80% of manual PO tasks.
Product overview
SourceDay is a cloud-based direct procurement risk management platform organized as a unified core product (SourceDay Platform) with integrated modules. The core platform provides AI-driven PO collaboration that connects manufacturers and distributors with their suppliers through the ERP ecosystem. Key modules include PO Collaboration (the primary workflow), RFQ Collaboration (for quote management), SourceDay Intelligence (patent-pending AI/ML predictive analytics layer), AI Agents (autonomous automation), Supplier Scorecards (performance tracking), Item Performance (item-level analytics), Shipment Visibility (delivery tracking), and Supplier Portal (supplier-facing interface). The platform integrates with major ERP systems (Acumatica, Epicor, Infor, NetSuite) via native connectors, APIs, EDI, and flat-file methods. SourceDay Intelligence provides the AI backbone, using predictive modeling to detect and prevent supply chain risks before they disrupt production.
Differentiator
Problem solved
Functional benefit
Brands
- SourceDay Intelligence: AI-driven PO management platform with patent-pending AI and Machine Learning technology for predictive risk monitoring, decision intelligence, and automation.
- Supplier Spot
Products and services
- SourceDay Platform AI-driven supplier portal that keeps buyers, suppliers, and ERP automatically in sync, providing real-time visibility and control to proactively manage inbound inventory and protect businesses from supply chain disruption.
- PO Collaboration Real-time PO lifecycle management solution that provides visibility, predictability, and accountability for manufacturing and distribution companies, identifying and addressing risks, monitoring supplier performance, and supporting informed decisions.
- RFQ Collaboration Request for Quote solution that enables buyers to review bids from multiple vendors and award business by line item with side-by-side comparisons.
- SourceDay Intelligence Patent-pending AI and Machine Learning platform that takes PO Lifecycle Management into the future with business-grade predictive modeling, providing detection, prediction, and resolution of risks to inbound supply orders.
- AI Agents Digital agents that act as force multipliers for procurement teams, automating up to 80% of manual PO tasks with workflows that reduce errors and cut busywork.
- Supplier Scorecards Built-in supplier performance measurement tool that helps manage performance and keep suppliers accountable by measuring price variance, on-time delivery, quality, and responsiveness.
- Item Performance Module for tracking and analyzing item-level performance metrics across the supply chain to identify patterns and potential issues.
- Shipment Visibility Real-time tracking and visibility into shipment status, enabling manufacturers to monitor delivery progress and anticipate delays.
- Supplier Portal Cloud-based supplier portal enabling suppliers to manage POs through interactive email workflows or direct platform access, with options for no-login email engagement, web interface, or EDI connectivity.
- ERP Integrations Native connectors, API, EDI, and flat-file integration options enabling seamless data synchronization with any ERP system including Acumatica, Epicor, Infor, and NetSuite.
- Automation Workflow automation engine that automates PO updates, acknowledgments, change orders, and exception management, eliminating manual entry errors and miscommunication.
- Supplier Reliability Index AI-powered index that exposes patterns in supplier reliability and performance up to two quarters before issues manifest, helping manufacturers proactively mitigate procurement risk.
- Supply Volatility Index AI-powered index that identifies market volatility patterns and rising PO changes, exposing hidden inflation pressure and shifting delivery performance to help manufacturers stay ahead of supply chain disruptions.
- Implementation and Professional Services ERP integration configuration, data migration, integration testing, and system implementation services provided as part of customer onboarding and billed at SourceDay's standard hourly rates on a biweekly basis.
Quantifiable outcome
- 90% improvement to Supplier On-Time Delivery
- +7 more outcomes
Companies that use SourceDay
Customer profileNamed customers15 records
Segments10 records
Ideal customer profiles4 records
SourceDay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability6 records
Feature8 records
SourceDay partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- NetSuite (Oracle)coreBuilt for NetSuite certified partner since 2019 and 2023 NetSuite SDN Partner of the Year. SourceDay extends NetSuite capabilities with real-time supplier collaboration, PO change automation, and shipment visibility. Award-winning solution with NetSuite validated integration ensures purchasing workflows stay accurate, agile, and fully aligned with ERP.
- EpicorcoreOfficial Epicor Independent Software Vendor (ISV) Partner. SourceDay bridges the last mile between Epicor ERP (Kinetic, Prophet 21) and suppliers—automating PO changes, enabling real-time communication, and increasing on-time delivery performance. Joint go-to-market efforts help manufacturers stay ahead of disruptions.
- InforcoreCertified Infor Solution Partner with proven integrations across the Infor ERP portfolio. SourceDay closes the loop between purchasing teams and suppliers—improving visibility, responsiveness, and compliance. Shared commitment to operational excellence and cloud-first agility makes SourceDay the ideal companion to Infor deployments.
- AcumaticacoreCertified Acumatica Marketplace Partner. SourceDay enhances the Acumatica experience by streamlining direct spend procurement and supplier collaboration. Seamless integration, validated by Acumatica, helps buyers and suppliers manage purchase orders, track shipments, and handle change requests in real time.
Scale indicators15 records
Recent moves6 records
Expansion highlights6 records
SourceDay competitors and assessment
Company assessmentDirect peers
- Jaggaer: Jaggaer is a direct procurement and supplier collaboration platform serving manufacturers and large enterprises. Like SourceDay, it focuses on direct-spend PO lifecycle management, supplier portals, and ERP integration, but operates at a larger scale with a broader Source-to-Pay suite.
- Keelvar: Keelvar offers AI-powered sourcing optimization and supplier decisioning for direct procurement. It overlaps with SourceDay's AI-driven procurement risk and supplier intelligence positioning but focuses primarily on strategic sourcing rather than PO lifecycle execution.
- Tradeshift: Tradeshift provides a B2B network and supplier collaboration platform with PO and invoice automation capabilities. It is comparable to SourceDay's supplier portal and PO collaboration focus but differentiates more around its open B2B marketplace and financial services offerings.
- SynerTrade (Accenture): SynerTrade, an Accenture company, offers a Source-to-Pay suite with direct procurement, supplier collaboration, and PO management modules. It overlaps with SourceDay in mid-market and European manufacturing accounts, often delivered alongside Accenture consulting.
Broad incumbents
- Coupa Software: Coupa (taken private by Thoma Bravo) is a broad spend management platform with overlapping PO collaboration and supplier portal capabilities. It competes with SourceDay in direct procurement but typically bundles into a full Business Spend Management suite rather than specializing in direct-material PO workflows.
- SAP Ariba: SAP Ariba is the largest incumbent in indirect and direct procurement, offering PO collaboration, supplier management, and sourcing at global enterprise scale. It overlaps with SourceDay's PO lifecycle management but is positioned as part of SAP's broader ERP and supply chain suite rather than a focused mid-market solution.
- Ivalua: Ivalua provides a unified Source-to-Pay platform with direct procurement, supplier collaboration, and PO management functionality. It is comparable to SourceDay in target use case but typically deploys as a broader suite across direct and indirect spend at large enterprises.
- GEP: GEP delivers procurement and supply chain software (SMART by GEP) alongside managed services. Its direct procurement and PO management capabilities compete with SourceDay in mid-market and large enterprise manufacturing accounts, typically as a broader procurement suite.
Emerging players
- LevaData: LevaData applies AI to direct material sourcing and supplier risk management for manufacturing. It is comparable to SourceDay Intelligence's predictive risk and supplier analytics positioning but focuses more on strategic sourcing than PO lifecycle execution.
- Resilinc: Resilinc provides supply chain risk monitoring and supplier intelligence, overlapping with SourceDay's Supplier Reliability and Supply Volatility Indexes. It addresses a related problem set (multi-tier supply risk visibility) but is complementary rather than a direct PO collaboration competitor.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
SourceDay social profiles
Digital presenceSourceDay compliance and trust
Trust signalCompliance1 record
SourceDay financial estimates
Financial estimateRevenue estimate
Valuation estimate
SourceDay leadership team
Management profileNumber of profiles
Profiles10 records
SourceDay funding detail
Funding detailFunding overview
Funding rounds6 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SourceDay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SourceDay
What does SourceDay do?
SourceDay sells a cloud-based, AI-driven purchase order (PO) collaboration and supplier portal that synchronizes buyers, suppliers, and ERP systems in real time. The platform automates direct procurement workflows including PO acknowledgments, change orders, RFQs, shipment visibility, and supplier performance scorecards, integrating with 500+ ERP systems such as NetSuite, Epicor, Infor, and Acumatica. Its patent-pending SourceDay Intelligence layer applies machine learning to predict supplier and supply-chain risks before disruptions occur, automating up to 80% of manual PO tasks.
Is SourceDay a public or private company?
SourceDay is a private company. It is classified as venture growth investor backed and is currently operating.
When was SourceDay founded?
SourceDay was founded in 2015. It employs 51 to 100 people.
Where is SourceDay based?
SourceDay is headquartered in Austin, United States, in the North America region.
How does SourceDay make money?
Three revenue lines are on record. SaaS Subscription Fees are the primary driver. The others are professional Services and unit-Based Pricing.
Who are SourceDay's main competitors?
Direct peers on record are Jaggaer, Keelvar, Tradeshift and SynerTrade (Accenture). Broad incumbents are Coupa Software, SAP Ariba, Ivalua and GEP. Emerging players are LevaData and Resilinc.
Does SourceDay have an API?
Yes. SourceDay offers RESTful APIs, flat-file methods, and pre-built connectors for ERP integrations. The platform provides flexible ERP integration methods including native connectors, API, EDI, and flat file options. APIs enable real-time data synchronization between SourceDay and customer ERP systems, supporting PO lifecycle management, supplier updates, and performance data exchange. Developer documentation is at sourceday.com/erp-partnerships.
What industry is SourceDay in?
SourceDay's product category is Procurement / Direct Spend Management Software. Its primary akta.pro industry code is BPAAAJAF, Purchase Order (PO) Management & Processing.