SourceSage
SourceSage is a Singapore-based B2B procurement connectivity platform that links enterprise buyers, suppliers, and marketplaces through certified SAP/Coupa/Ariba integration, operating across 9+ APAC countries with two flagship programmes (Supplier Connect and Buyer Connect) plus a 500-commodity pricing data service.
- Company typePrivate
- Founded2015
- HeadquartersSingapore, Singapore
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What SourceSage does
SourceSage is a Singapore-headquartered B2B procurement connectivity platform founded in 2015 by Jian Min Sim. The company operates a dual-product portfolio: (1) a procurement connectivity gateway that links enterprise buyers, suppliers, and marketplaces through certified integration with leading procurement systems (SAP RISE, Coupa, Ariba, Oracle, Ivalua), and (2) a commodity pricing and market-intelligence data service covering 500+ commodities. Two flagship programmes anchor the platform — the Supplier Connect Programme (SCP) for enterprise buyers to manage approved and non-approved supplier catalogs under one vendor and one purchase order, and the Buyer Connect Programme (BCP) for suppliers seeking enterprise procurement access through tiered membership.
The platform architecture is API-first and extends rather than displaces existing ERP systems: SAP remains the control and workflow backbone while SourceSage provides the supplier execution layer, including PunchOut catalog browsing, pay-on-behalf payment intermediation, and multi-marketplace aggregation across 100+ B2B marketplaces. The company has local teams and subsidiary operations in 14 locations across 9+ APAC countries (Singapore, Malaysia, Thailand, Indonesia, Vietnam, India, Australia, China, Japan), with strategic distribution partnerships extending into Europe via BeNeering. Named enterprise customers include DHL, Cushman & Wakefield, JLL, Toll Group, Bloomberg, P&G, TikTok, Prudential, SMRT, and Certis.
The revenue model combines transaction fees (3.5% management fee on Supplier Connect managed spend), recurring subscriptions (SGD 300-4,000/month for Buyer Connect tiers), white-label partnership revenue share (SGD 30K-120K annual platform fee plus revenue split), financing add-ons (+1.5% for 30-day advance payment terms with USD 50K-100K credit lines), and commodity data subscriptions/API monetization. Go-to-market blends enterprise field sales (with tier calculators, phased pilots of 10-20 AVLs + 10-20 NAVLs, and multi-country rollout plans), white-label channel partnerships with real estate/FM providers, and event-driven demand generation (Network Success Day, CPO Networking Dinner, B2B Procurement Summits). The company raised approximately $2.2 million from iGlobe Partners and Wavemaker Ventures, with additional backing from Crystal Horse and angel investors.
SourceSage firmographics
Firmographics- Name
- SourceSage
- Legal name
- SourceSage
- Website
- https://sourcesage.co
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- SourceSage is a Singapore-based B2B procurement connectivity platform that links enterprise buyers, suppliers, and marketplaces through certified SAP/Coupa/Ariba integration, operating across 9+ APAC countries with two flagship programmes (Supplier Connect and Buyer Connect) plus a 500-commodity pricing data service.
- Ownership category
- akta.pro rank
SourceSage industry classification
Industry- Product category
- Enterprise Procurement Connectivity / B2B Procurement Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Commodity Contracts Intermediation (52316), Credit Bureaus (56145), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Commodity Contracts Brokers & Dealers (6221), Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Office Supplies, IT & Workplace Procurement Marketplaces (CRAFAHAF)
- akta.pro secondary industries
- Catalog & eProcurement Enablement (Punchout, Item Master) (BPAAAJAI), Spend Analytics & Reporting Support (BPAAAJAJ), B2B/EDI & Supply Chain Process Automation Platforms (HDAEAHAK)
Keywords
Where SourceSage is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices14 records
Markets served
SourceSage business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Supplier Connect Programme — Management Fees: 3.5% management fee on managed spend, added to buyer PO or invoiced separately. Can be buyer-funded, supplier-funded, or hybrid split (e.g., 2.0% buyer / 1.5% supplier). Add-ons: +1.5% for 30-day advance payment financing, +1.0% for RFQ/sourcing with local teams. Programme incentive: 0.5% rebate back if transaction value reaches SGD 250,000 every 6 months.
- Buyer Connect Programme — Supplier Membership Tiers: Tiered subscription model: Basic SGD 300-500/month per supplier entity, Preferred SGD 800-1,500/month, Premier SGD 2,000-4,000/month. Each tier includes differentiated onboarding, catalog support, buyer visibility, and workflow readiness features. Optional overlays: custom PunchOut/API enablement, premium buyer matching, RFQ support, financing.
- White-Label Partnership Revenue Share: Partners deploy branded programmes under SourceSage infrastructure. Commercials: annual platform/programme fee (SGD 30K-120K), one-time setup fee (SGD 10K-40K), plus revenue share (70/30 or 60/40 or 50/50 depending on partner ownership model). Creates recurring revenue from channel ecosystem.
- Financing / Payment Facilitation Add-on: SourceSage can act as payment intermediary, collecting from enterprise buyers on behalf of suppliers and providing earlier payment terms. Fee of +1.5% for 30-day advance payment terms under Supplier Connect Programme. Credit lines available to suppliers: 50K-100K USD/month depending on tier.
- Commodity Data Subscriptions and API Access: Subscription access to price data, historical series, analysis reports, and verification services. Data API delivery for external platforms (online stores, digital marketplaces, procurement platforms, distribution platforms). Adjacent credit-risk data covering profiles, financial information, AML checks, and ratings available as separate product block.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Supplier Connect Programme — Platinum (Gold / Silver) |
| Subscription | Monthly | Buyer Connect Programme — Premier / Preferred / Basic |
| Subscription | Annual | White-Label Partner Programme |
| Transaction based/ take rate | Pay-as-you-go | Financing / Pay-on-Behalf Add-on |
| Subscription | Monthly | Supplier Tiers (Buyer Connect) — Platinum Enterprise / Gold Professional / Silver Starter |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels8 records
SourceSage product offering
Product offeringCore offering
SourceSage provides an enterprise procurement connectivity platform that bridges enterprise buyers (DHL, Cushman & Wakefield, JLL, Toll Group, P&G, Prudential, SMRT) with approved (AVL) and non-approved (NAVL) suppliers through native PunchOut integrations into SAP RISE/S/4HANA Cloud, SAP Ariba, Coupa, Ivalua, and Oracle. The platform runs the Supplier Connect Programme (buyer-side) and Buyer Connect Programme (supplier-side), aggregates 100+ local APAC B2B marketplaces under one vendor and one PO, and offers pay-on-behalf payment intermediation that bills buyers while paying suppliers earlier. A separate SourceSage Data line delivers commodity spot and contract pricing, historical series, analysis reports, verification services, and credit-risk data with API delivery for 500+ commodities.
Product overview
SourceSage offers a dual-product portfolio combining enterprise procurement connectivity infrastructure and commodity data services. The procurement platform consists of two core programmes: Supplier Connect Programme (SCP) for enterprise buyers to manage AVL/NAVL suppliers through whitelabeled connectivity, and Buyer Connect Programme (BCP) for suppliers to become procurement-ready and access enterprise buyers. Supporting these programmes are the App Marketplace (featuring SAP Ariba Connector, Spend Analytics, Supplier Onboarding, Catalog Manager, Invoice Reconciliation, and Contract Lifecycle apps), Growth Programmes for campaign activation, Learning Hub for educational content, and Events programming. The separate SourceSage Data platform provides commodity pricing and market intelligence with spot prices, contract prices, historical prices (up to 2 years), analysis reports, verification services, and API delivery covering 500+ commodities including oleochemicals, edible oils, surfactants, chemicals, energy, and petrochemicals. The two platforms are distinct but complementary—the procurement connectivity layer handles buyer-supplier transaction workflows while the Data platform provides pricing intelligence and credit-risk services.
Differentiator
Problem solved
Functional benefit
Products and services
- Supplier Connect Programme (SCP) Enterprise buyer-side whitelabeled programme that consolidates approved (AVL) and non-approved (NAVL) supplier catalogs, integrates 100+ B2B marketplaces, and routes through one vendor and one PO. Includes onboarding, catalog enablement, workflow connectivity to SAP RISE/S/4HANA Cloud, SAP Ariba, Coupa, Ivalua, and Oracle, and optional pay-on-behalf payment intermediation with tiered pricing.
- Buyer Connect Programme (BCP) Supplier-side enablement programme that onboards suppliers into enterprise procurement workflows, digitizes catalogs into PunchOut-ready formats, manages orders, invoices, and buyer relationships through one interface. Tiered membership (Platinum / Gold / Silver) unlocks differentiated onboarding, catalog support, buyer visibility, EC rebates, credit lines, and API/Punchout connections.
- SourceSage Data Commodity pricing and market-intelligence platform combining spot prices, contract prices, historical series (up to 2 years), analysis reports, verification services, and API delivery covering 500+ commodities including oleochemicals, edible oils, surfactants, basic chemicals, fertilizers, energy, and petrochemicals. Collects 10+ data points per product per day using an IOSCO-compliant methodology, with readings consumed across 105 countries by 15,000+ business professionals.
- Credit-Risk Data Enterprise credit-risk dataset covering company profiles, financial information, AML checks, and credit ratings for counterparty intelligence and compliance screening. Available as a separate product block on the SourceSage Data page with API delivery.
Quantifiable outcome
- 20-35% reduction in unmanaged tail-spend leakage
- +11 more outcomes
Companies that use SourceSage
Customer profileNamed customers15 records
Ideal customer profiles3 records
SourceSage technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability5 records
Feature7 records
SourceSage partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered flagship, core and minor.
- SAPflagshipSAP is a flagship strategic partnership. SourceSage is certified as a PunchOut-enabled procurement destination for RISE with SAP customers across APAC. Native integration listed in SAP ecosystem patterns for catalog/PunchOut connectivity. SAP provides the control system while SourceSage provides the execution network, together completing the Source-to-Pay loop for long-tail and multi-supplier procurement. Available in Singapore, Malaysia, Thailand, Indonesia, Vietnam, Australia, India, Japan, and Greater China.
- Amazon JapancoreSourceSage partnered with Amazon Japan to provide the procurement connectivity layer bridging Amazon Business with enterprise procurement environments. Enabled PunchOut integration, catalog normalization, order orchestration, and compliance integration. Expanded marketplace access for enterprise buyers while reducing purchase requisition-to-order cycle times.
- JD.comcoreJD.com uses SourceSage connectors to support DHL China product discovery via integrated search and financing-aware procurement flows. Partnership enables integrated search across approved marketplace and enterprise catalogs, with workflow-level controls for category, supplier, and order-threshold rules. Connected data context across sourcing, procurement, and finance touchpoints.
- BeNeeringcoreCertified SAP partner offering hybrid cloud procurement platform. Partnership connects BeNeering's SAP integration expertise and European market presence with SourceSage's Asia B2B marketplace network. European customers with APAC operations (e.g., DHL) can combine Asia's largest B2B marketplace with BeNeering's SAP integration. Joint workflow: unified cross-catalog search, price comparison, seamless API integration, and guided buying through BeNeering's interface.
- BliblicoreBlibli uses SourceSage procurement connectivity to bring local product supply into customer procurement environments with enterprise controls. Partnership delivers 2x faster onboarding for approved seller assortments, 30%+ lower catalog-mapping effort, and typical activation window of under 90 days for first connected accounts. Preserves local Indonesian assortment depth with enterprise-grade governance.
- Singapore Business Federation (SBF)coreSourceSage participated in B2B Procurement Summit with Singapore Business Federation, featuring practical conversations on digital procurement adoption and enterprise-SME collaboration. SBF partnership supports SourceSage's positioning with Singapore enterprise buyers.
- SMCCI / IMDAminorJoint ecosystem session with SME Center @SMCCI and IMDA focused on helping growing businesses accelerate procurement digitization and supplier connectivity. Part of SourceSage's SME enablement and public-private ecosystem collaboration efforts in Singapore.
- Citi APACminorSourceSage participated in Citi APAC Cards Summit, featuring APAC leadership discussions connecting enterprise payment strategy with procurement modernization. Supports SourceSage's positioning in enterprise payment and fintech context.
Scale indicators18 records
Recent moves6 records
Expansion highlights6 records
SourceSage competitors and assessment
Company assessmentBroad incumbents
- Amazon Business: Amazon's B2B procurement marketplace serving enterprises with broad catalog, PunchOut integration, and approval workflows. Direct competitive overlap with SourceSage's marketplace aggregation layer; SourceSage already partners with Amazon Japan for connectivity, indicating co-opetition in the same space.
- SAP Ariba: Market-leading procurement and supplier network platform, the control system behind SourceSage's RISE with SAP integration. SourceSage is certified as a PunchOut destination for Ariba, making it both a partner and a downstream competitive layer for tail-spend management.
- Alibaba 1688.com: Wholesale B2B marketplace dominating China and increasingly APAC. Comparable to SourceSage's marketplace aggregation angle but at vastly larger scale; represents the marketplace-side competition SourceSage positions against with its 'preserve negotiated pricing' differentiator.
Direct peers
- Coupa Software: Enterprise spend management and procurement platform with native catalog/PunchOut support. SourceSage explicitly extends Coupa rather than replaces it, but Coupa's own supplier network ambitions compete with SourceSage's marketplace aggregation value proposition.
- Ivalua: Procurement platform with supplier management, sourcing, and catalog/PunchOut capabilities. SourceSage lists Ivalua integration as part of its 'extend rather than replace' architecture, positioning it as a comparable procurement connectivity platform serving similar enterprise buyers.
- Jaggaer: End-to-end procurement and supplier management platform covering sourcing, contract management, and supplier enablement. Comparable to SourceSage in serving enterprise tail-spend and supplier connectivity, with broader source-to-pay scope.
- Tradeshift: Global B2B procurement network and marketplace focused on supplier connectivity and invoice/PO automation. Directly comparable to SourceSage's Supplier Connect and Buyer Connect programmes, with similar PunchOut-first buyer-supplier integration model.
Emerging players
- BeNeering: Certified SAP partner offering hybrid cloud procurement platform with European market focus. Named SourceSage strategic channel partner—same SAP PunchOut integration space, but Europe-focused and smaller scale.
- Procurify: Mid-market procurement and AP automation platform with PunchOut support and supplier catalog capabilities. Smaller scale than SourceSage but serves overlapping buyer personas (operations and finance teams managing tail-spend).
Regional players
- Unite (formerly Mercateo): European B2B marketplace and procurement platform connecting suppliers to enterprise buyers via PunchOut/catalog integration. Same connector-first B2B marketplace model as SourceSage, but primarily serves European rather than APAC markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
SourceSage social profiles
Digital presenceSourceSage financial estimates
Financial estimateRevenue estimate
Valuation estimate
SourceSage leadership team
Management profileNumber of profiles
Profiles2 records
SourceSage funding detail
Funding detailFunding overview
Funding rounds5 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SourceSage 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 SourceSage
What does SourceSage do?
SourceSage provides an enterprise procurement connectivity platform that bridges enterprise buyers (DHL, Cushman & Wakefield, JLL, Toll Group, P&G, Prudential, SMRT) with approved (AVL) and non-approved (NAVL) suppliers through native PunchOut integrations into SAP RISE/S/4HANA Cloud, SAP Ariba, Coupa, Ivalua, and Oracle. The platform runs the Supplier Connect Programme (buyer-side) and Buyer Connect Programme (supplier-side), aggregates 100+ local APAC B2B marketplaces under one vendor and one PO, and offers pay-on-behalf payment intermediation that bills buyers while paying suppliers earlier. A separate SourceSage Data line delivers commodity spot and contract pricing, historical series, analysis reports, verification services, and credit-risk data with API delivery for 500+ commodities.
Is SourceSage a public or private company?
SourceSage is a private company. It is classified as venture growth investor backed and is currently operating.
When was SourceSage founded?
SourceSage was founded in 2015. It employs 101 to 250 people.
Where is SourceSage based?
SourceSage is headquartered in Singapore, Singapore, in the Asia region.
How does SourceSage make money?
Five revenue lines are on record. Supplier Connect Programme — Management Fees are the primary driver. The others are buyer Connect Programme — Supplier Membership Tiers, white-Label Partnership Revenue Share, financing / Payment Facilitation Add-on and commodity Data Subscriptions and API Access.
Who are SourceSage's main competitors?
Broad incumbents on record are Amazon Business, SAP Ariba and Alibaba 1688.com. Direct peers are Coupa Software, Ivalua, Jaggaer and Tradeshift. Emerging players are BeNeering and Procurify. Unite (formerly Mercateo) is listed as a regional player.
Does SourceSage have an API?
Yes. SourceSage exposes commodity pricing, market intelligence, and credit-risk data via API for external platforms including online stores, digital marketplaces, data dashboards, procurement platforms, and distribution platforms. The API enables integration of SourceSage datasets into external systems. The Data page also offers subscription access through the SourceSage dashboard, with separate API delivery for real-time data integration use cases. Developer documentation is at data.sourcesage.co.
What industry is SourceSage in?
SourceSage's product category is Enterprise Procurement Connectivity / B2B Procurement Software. Its primary akta.pro industry code is CRAFAHAF, Office Supplies, IT & Workplace Procurement Marketplaces, with a secondary code of BPAAAJAI, Catalog & eProcurement Enablement (Punchout, Item Master). Its NAICS code is 518 and its SIC code is 7370.