Articles from SourceDay

Buyers handle more spend, suppliers engage at scale, and autonomous PO change processing grows 436%.

SourceDay Intelligence can predict unforeseen inbound supply risks, recommend effective resolutions and automate workflows, delivering up to 96% OTD

SourceDay today announced its newest hire, Adeel Najmi, as CPO. He brings unparalleled expertise and experience to a company carrying impressive momentum after a $31.5 million Series-C investment. Najmi's hire is the latest step forward for a company expected to continue transforming the way manufacturers, distributors, retailers and consumer packaged goods (CPG) brands approach direct spend.

SourceDay, a leading supply chain procurement collaboration engine for direct spend materials and one of Austin’s fastest-growing companies, today announced it closed a $31.5 million Series C round of funding. The round, led by Norwest Venture Partners with participation from existing investors ATX Ventures, Baird Capital, Draper Associates, Ring Ventures and Silverton Partners, comes at a critical time for manufacturers, distributors, consumer packaged goods brands and retailers as they are challenged with continued supply chain disruptions and first-mile issues accelerated by the pandemic.

SourceDay, the supply chain performance software that bridges the gap between the ERP and supplier networks, today announced Sarah Scudder has joined the company as chief marketing officer (CMO).