Workday Strategic Sourcing 2026: Benefits, Features & Pricing
Wondering if Workday Strategic Sourcing is right for your organization?
Our Sourcing Software selection experts can help you in 15 minutes or less.
- Overview
- Pricing and Plans
- Features
- User Reviews
Overview
Pricing
Starting at $250.00 per month
About Workday Strategic Sourcing
Workday Strategic Sourcing makes strategic sourcing simpler, smarter, and more streamlined than ever before. Its intuitive, cloud-based platform – encompassing everything 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, and, ultimately, drives better business outcomes.
With Workday Strategic Sourcing, organizations achieve
hard cost savings and ROI that can be delivered in months, gain insight into supplier performance and risk, and add procurement and financial management for compound value over time. Through collaborative and easy-to-use solutions, actionable insights, and increased efficiencies within the full source-to-pay process, Workday is uniquely positioned to help finance digitally transform operations and improve the bottom line.
Workday Strategic Sourcing is a collaborative,
cloud-based solution that makes sourcing a truly strategic arm of the business by providing greater visibility throughout the entire sourcing and supplier
engagement process. Over 300,000 users in more...
Workday Strategic Sourcing Screenshots

Workday Strategic Sourcing Pricing and Plans
Basic
$250.00
No plan information available

Confused about pricing? We've got you covered.
Get a personalized pricing breakdown tailored to your specific needs—no guesswork, no generic estimates.
Workday Strategic Sourcing Features
- Popular features found in SourcingCollaboration ToolsCompliance ManagementProcurement ManagementPurchase Order ManagementQuotes/EstimatesRequisition ManagementSpend ManagementSupplier QualificationWorkflow Management
- More features of Workday Strategic SourcingAccess Controls/PermissionsActivity TrackingAlerts/NotificationsAPIAuction ManagementAudit TrailBid ManagementBudget ManagementContract/License ManagementContract Lifecycle ManagementCustomizable TemplatesData Import/ExportDocument ManagementExpense TrackingFinancial ManagementFinancial ReportingGlobal Sourcing ManagementInvoice ProcessingKnowledge Base ManagementPerformance ManagementPerformance MonitoringProject ManagementRemindersRFP CreationRFP ManagementRfx ManagementSearch/FilterSourcing ManagementSpend AnalysisSupplier ManagementSupplier Web PortalTemplate ManagementTemplatesVendor Management
Workday Strategic Sourcing User Reviews
Overall Rating
4.8
Ratings Breakdown
5
75%
4
25%
3
0%
2
0%
1
0%
Secondary Ratings
Ease of Use
4.5
Value for money
4.3
Customer support
4.3
Functionality
4.3
Have you used Workday Strategic Sourcing and would like to share your experience with others?
Millie C.
Verified reviewer
Used unspecified for unspecified
Review sourceReviewed December 2016
Scout RFP review
4
Our prospect invited us as the supplier/vendor to use Scout RFP to submit our proposal. Scout RFP is beautifully designed, easy and simple to respond to each question, attach request documents, add attachments, and add bid details like a cover letter or executive summary. I like that we were able to invite others in our company to join and to provide their responses in real time. I appreciate the automated deadline email reminder especially since I had multiple bids due around the same time. Other positive features include the ability to download the bid questions to Excel, to import of the bid questions and answers back to Scout RFP, to download requested documents and attachments to a zip file, bid preview, and ability to print the bid. However, the cloud software was often slow and unresponsive. In order to continue, I had to kill the application and relaunch it again. Other drawbacks include the inability to include files, graphics, tables in the response to a question; inability to determine where the errors are before bid submission; inability to quickly determine unanswered questions; inability to go directly to a specific section to add/edit responses (when click on the Edit button for a section);
Ratings Breakdown
Read More
sammantha a.
Verified reviewer
Used weekly for unspecified
Review sourceReviewed December 2016
Scout RFP
5
Scout RFP makes the enterprise buying process painless for both buyers and suppliers with its simple and intuitively designed cloud-based platform. Our product is in use by customers from a wide range of markets, including technology, retail, restaurants, manufacturing, hospitals, universities, and more. We believe simple to use and beautifully designed software provides the best solutions.Overall a great experience at a true start-up, but don't expect any of the "cool" stuff that comes along with working at one. If you're into that kind of thing, then this might be the place for you! Everyone eats lunch together at a big picnic table in the kitchen. The product is definitely going to make a difference.
Ratings Breakdown
Read More
Piet H.
Verified reviewer
Medical Practice
5001-10000 employees
Used daily for more than 2 years
Review sourceReviewed October 2022
Happy with Workday
5
It is functional
Ratings Breakdown
Read More
Shawn F.
Used unspecified for unspecified
Review sourceReviewed October 2015
Scout RFP Intuitive RFP Creation and Management
5
Scout RFP enabled us to streamline our RFP process while maintaining compliance with our internal policies and procedures. The solution provides the standard functionality that you would expect from an online RFP tool and much more. These functionalities include easy RFP uploads, automatic scoring, communication and analysis tools to name a few. Scout RFP's intuitive RFP creation process allowed us to reduce the amount of missed process steps with minimal user training. Managing supplier and stakeholder communications in one platform was also a huge timesaver for us. We experienced no supplier complaints, which for those who utilize e-procurement tools know, is often a battle. Comparing the functionality to other tools in the market, the price point cannot be beaten. I would highly recommend Scout RFP.
Ratings Breakdown
Read More
Popular Workday Strategic Sourcing Alternatives
Workday Strategic Sourcing
Ratings Breakdown
- 4.50Ease of use
- 4.33Value for money
- 4.25Customer support
- 4.33Functionality
Pricing
Starting at $250.00 per month
Ratings Breakdown
- 4.50Ease of use
- 4.59Value for money
- 4.55Customer support
- 4.26Functionality
Pricing
Starting at $425.00 per month
Ratings Breakdown
- 4.30Ease of use
- 4.02Value for money
- 4.30Customer support
- 3.97Functionality
Pricing
Starting at ₹1299.00 per month
Ratings Breakdown
- 4.58Ease of use
- 4.46Value for money
- 4.55Customer support
- 4.33Functionality
Pricing
Available upon request
Ratings Breakdown
- 3.86Ease of use
- 3.82Value for money
- 3.85Customer support
- 3.91Functionality
Pricing
Starting at $2500.00 per month
Other Top Recommended Sourcing Software

Stuck Between Options?
Our experts can help you compare Workday Strategic Sourcing with other top options, so you can find the best fit for your needs.








