Audience
Companies that need a sourcing solution to improve their operations
About ESM Source
Help your institution source with agility and insight. A single cloud-based solution to help stakeholders across your institution make smarter sourcing decisions. Launch and manage sourcing events, improve supplier participation and engagement, and help everyone work more collaboratively to support your mission and vision. With ESM Source you can more efficiently launch, publish, and evaluate even the most complex events from a single platform with workflows to help your teams make better decisions faster. Create virtual libraries and templated content that can be easily copied, edited, and reused to accommodate multiple event types. Align bids with your sourcing strategy by assigning weights to the criteria that matter. Publish your event to multiple lists or invite preferred vendors directly.
Other Popular Alternatives & Related Software
Vendorful
Vendorful offers a suite of solutions for e-sourcing and vendor management. From vendor (supplier) selection to contract renewal, the platform simplifies complex processes, eliminates “busy work,” and reduces risk while delivering strong ROI. Modules include e-Sourcing, Reverse Auctions, Vendor Management, Vendor Scorecarding, Contract Administration, and Compliance Questionnaires. The product’s point-and-click interface and automated data aggregation quickly replaces cumbersome Excel spreadsheets and shared drives. And, as an API-first product, Vendorful can integrate into a range of other systems including, but not limited to, e-procurement applications, finance systems, ERPs, e-signature solutions, single-sign-on systems, and third-party risk applications.
Offered in public and private cloud configurations, Vendorful serves SMEs and enterprises across verticals including Financial Services, Not-for-Profit, Higher Education, Retail, and more.
Learn more
Arkestro
No login, no app, no hassle. Seamless one-click sourcing events in your suppliers' inbox, embedded with real-time predictive data. Our flexible data model works for every category of spend. If you can source it in Excel, you can source it using Arkestro. Predictive anomaly detection catches and corrects errors before they reach procurement. Role-based access simplifies project management for sourcing events, enabling any stakeholder to get updates. Sourcing events in Arkestro learn from your supplier's behavior to shorten cycles. A simplified email-based workflow provides you with any set of award scenarios for any size or complexity of sourcing events. Supplier quotes are filled with errors from data entry and copy-paste. Checking on the status of a sourcing process requires a slew of pivot tables. New sourcing cycles don’t learn from supplier quotes in previous cycles. Use our pricing simulator to generate instant suggestions for your suppliers to modify and submit.
Learn more
CompareCoOps
CompareCoOps is the smart way for public agencies to access cooperative contracts, identify suppliers, get competitive quotes, and report on contract usage.
It's transparent, easy, and free for agencies.
Source cooperatives for suppliers of products and services across a wide range of popular categories. Save money and reduce risk while taking advantage of the benefits of cooperative purchasing.
Simple tools guide you through creating a secure request. Easily compare responses from invited suppliers. Choose the winning quote and automatically let suppliers know of the outcome.
Learn more
Promena
Founded in 2001, Promena stands out as a dynamic force in the digital transformation landscape, continually strengthening its global position through enduring partnerships and a growing customer base. This platform, armed with versatile modules, offers E-Sourcing to optimize sourcing activities with unmatched efficiency. E-Procurement streamlines procurement processes, ensuring cost-effectiveness. Contract Management simplifies handling complex contracts, enhancing compliance. Supplier Relationship Management nurtures robust supplier ties. Quick RFQ facilitates swift, precise quotation requests, boosting responsiveness. The Supplier Network fosters a thriving ecosystem for seamless supplier interactions.
Together, these modules position Promena as an all-encompassing solution for contemporary business hurdles, advancing operational optimization and strategic growth. Embrace the change with Promena, and witness a transformation in business efficiency and relationships.
Learn more
Pricing
Free Trial:
Free Trial available.
Integrations
No integrations listed.
Company Information
ESM Solutions
Founded: 1998
United States
esmsolutions.com/sourcing/
Videos and Screen Captures
Other Useful Business Software
Ship Agents Faster
Gemini Enterprise Agent Platform lets you rapidly build, scale, govern and optimize production-ready agents grounded in your organization's data. The platform enables developers to build custom or pre-built agents for virtually any use case. New customers get $300 in free credits.
Product Details
Platforms Supported
Cloud
Training
Documentation
Webinars
Live Online
In Person
Support
Online
Phone Support
ESM Source Frequently Asked Questions
ESM Source Product Features
Sourcing
Collaboration
Supported
Global Sourcing Management
Supported
Rfx Management
Supported
Spend Management
Supported
Supplier Management
Supported
Supplier Qualification
Supported
Supplier Risk Management
Supported
Supplier Web Portal
Supported
Template Management
Supported
Auction Management
Not Supported
Budget Management
Not Supported
