Basware Procure-to-Pay vs. Workday Strategic Sourcing

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Basware Procure-to-Pay
Score 8.9 out of 10
N/A
A solution for all purchase order sources by integrating into any existing procurement or ERP system, with an e-Invoicing solution to automate invoice capture, touchless accounts payable automation, and e-procurement natively integrated.N/A
Workday Strategic Sourcing
Score 7.9 out of 10
N/A
Workday Strategic Sourcing supports procurement by automating source-to-contract processes, from project intake to supplier management, and by surfacing contract obligations. It leverages Workday AI to provide insights and conversational tools that help teams identify savings opportunities and mitigate supplier risk.N/A
Pricing
Basware Procure-to-PayWorkday Strategic Sourcing
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Basware Procure-to-PayWorkday Strategic Sourcing
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Basware Procure-to-PayWorkday Strategic Sourcing
Considered Both Products
Basware Procure-to-Pay
Chose Basware Procure-to-Pay
I have only used Basware Purchase to Pay in my organization, however it is such a good software that my company decided to keep using it for next years.
Chose Basware Procure-to-Pay
I like them both for different reasons.
Chose Basware Procure-to-Pay
I did not select Basware, so I do not know the alternatives.
Chose Basware Procure-to-Pay
I've used several other invoices processing systems and basware is by for the least complicated and easiest to use.
Chose Basware Procure-to-Pay
Basware was not my selection as I was not with the company at the time. It was easy to learn and we have maintained a good working relationship with Basware. It is a very good way to process the workflow of invoices from start to finish.
Workday Strategic Sourcing
Chose Workday Strategic Sourcing
I have only used RFPio to facilitate searching for RFP answers. I have used Scout RFP only to respond to customer RFPs. I assume they have functional overlap, but my interactions with each have not included this functional overlap. For each tool's respective use, I have found …
Best Alternatives
Basware Procure-to-PayWorkday Strategic Sourcing
Small Businesses
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
BILL Spend & Expense
BILL Spend & Expense
Score 8.9 out of 10
Medium-sized Companies
Precoro
Precoro
Score 2.8 out of 10
Lola.com
Lola.com
Score 8.0 out of 10
Enterprises
SAP S/4HANA Cloud
SAP S/4HANA Cloud
Score 8.6 out of 10
GEP SMART
GEP SMART
Score 7.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Basware Procure-to-PayWorkday Strategic Sourcing
Likelihood to Recommend
8.0
(0 ratings)
9.1
(0 ratings)
Likelihood to Renew
5.4
(0 ratings)
-
(0 ratings)
User Testimonials
Basware Procure-to-PayWorkday Strategic Sourcing
Likelihood to Recommend
The system works well as an inter-company work-flow tool. Very helpful when and for invoice processing requires involvement across several different departments
Read full review
Workday Strategic Sourcing is great for contract pipeline and management, but I wish it was better integrated with Workday so that we could keep it "clean" when the dimensionality is changed or updated in our financial data model.
Read full review
Pros
  • Basware is fast and reliable. Very rare down time during the time we've been using it.
  • Great support team. Our needs were addressed timely and efficiently.
  • Basware provides us with great customer service. We have had many modifications to our specific needs and Basware worked well with us for our customizations.
Read full review
  • Contract Pipeline
  • Contract Management
  • Supplier Onboarding
Read full review
Cons
  • Once you cancel the document in "cancellation queue" it cannot be restored or viewed.
  • Sometimes but relatively rarely the program opens slowly.
  • In rare instances the program freezes and needs to be restarted.
Read full review
  • No way to flag where I need an internal colleague to review or add to an answer
  • No way to assign items to an internal team member for that person to answer a question
  • No status bar of the remaining items not yet answered
Read full review
Likelihood to Renew
We will continue using product and continue renewing as it is widely used product and it has been well adapted by users in our organization. The product is expensive but we will use it. Hopefully the product bugs will be fixed in future and they will provide more HA architecture feather for Basware.
Read full review
No answers on this topic
Alternatives Considered
I have only used Basware Purchase to Pay in my organization, however it is such a good software that my company decided to keep using it for next years.
Read full review
I have only used RFPIO to facilitate searching for RFP answers. I have used Scout RFP only to respond to customer RFPs. I assume they have functional overlap, but my interactions with each have not included this functional overlap. For each tool's respective use, I have found them very simple, intuitive, and helpful.
Read full review
Return on Investment
  • faster processing of invoices due to short step process
  • it's user friendly so not much training is needed to use the system
  • templates and favorites decreases time spent
Read full review
  • Ease of responding to RFPs and winning business
  • I don't have visibility into whether we have an actual $$$ of deals closed where we responded to the RFP within Scout RFP
  • Other departments of my company may use Scout RFP for sending out RFPs and collecting RFP responses, thus reducing costs to issue RFPs
Read full review
ScreenShots

Workday Strategic Sourcing Screenshots

Screenshot of Workday Strategic Sourcing Contract Lifecycle ManagementScreenshot of Workday Strategic Sourcing Supplier Relationship ManagementScreenshot of Workday Strategic Sourcing Strategic Sourcing DashboardScreenshot of Spend Management