Best Sourcing Software
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Compare the Top Sourcing Software as of February 2026
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What is Sourcing Software?
Sourcing software is software to help companies identify, evaluate, engage, and manage suppliers and vendors—enabling strategic sourcing rather than just transactional purchasing. It supports key processes such as supplier discovery, qualification, bid/tender management (RFI/RFP/RFQ), supplier performance evaluation, and contract awarding. As the first stage of the supply chain or procurement journey, sourcing software helps organizations optimize costs, secure quality, manage risk, and build resilient supplier networks. According to industry sources, sourcing is distinct from procurement: sourcing focuses on the “who” (which suppliers) and the selection, while procurement covers the “what” (goods/services) and the purchase process. By automating and digitizing sourcing workflows, organizations gain visibility into supplier markets, spend categories, risk exposures, and opportunities for value creation. Compare and read user reviews of the best Sourcing software currently available using the table below. This list is updated regularly.
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1
P3Source
P3 Software
Crafted by industry-savvy print experts, P3Source uses the latest SaaS technology, to automate the conventional 'Bid and Buy' RFQ process commonly used in the Printing and Marketing Services Industry. P3Source acts as a project management and collaboration hub, where users manage dozens of simultaneous projects, bringing together all the details, files, approvals, notes, and historical data in one easy-to-search place. It archives completed projects for future access and detailed reporting. The P3Source web Customer and Supplier portals tie together the entire supply chain. Customers submit requests, upload production files and approve projects. Suppliers submit quotes, accept orders, exchange files, post shipments and present invoices. This streamlined approach ensures quick, hassle-free transactions for all parties. Celebrate the future of print management with P3Source - easy, efficient, and made with you in mind. -
2
Jesta Vision Suite
Jesta I.S.
Optimize your supply chain with Jesta’s Sourcing & Procurement module. Gain full visibility into purchase orders, material delivery schedules, and production timelines to ensure seamless alignment with current orders and future demand. Wholesalers can stay competitive by tracking multiple procurement paths and capturing detailed shipment data by style, color, size, and attributes. This level of precision enhances production forecasts and helps differentiate products while maximizing profitability. Jesta’s solution also monitors material, labor, overhead, and purchasing costs, enabling accurate profit and margin calculations. Stay ahead of customer demand, streamline operations, and boost efficiency with Jesta’s Sourcing & Procurement. -
3
Tradogram
Tradogram
Tradogram is an all-in-one procurement management software. Used worldwide by businesses to track their spending and manage their entire purchasing process. Trusted by procurement and finance teams for real-time visibility into data and streamlining workflows to provide insight into spending, users have reported 3X better efficiency and an average of 20% cost savings! What are you waiting for? Get your free account today and access tools like Supplier Management, Items Catalog, Approvals Workflow, Requisitions, RFQs, Purchase Orders, Delivery Tracking, Invoices Matching, Expense Reimbursement, Contract Repository, and many more... Seamlessly integrate Tradogram with your favorite accounting and ERP systems like Quickbooks, Xero, Netsuite, SAP, Microsoft Dynamics, Oracle, etc.Starting Price: $168/month -
4
Penny
Penny Software
Procurement solved. penny is a cloud-based Procure-To-Pay system. Penny helps you digitize and manage your full procurement cycle. Make requests, send RFQs/RFPs to multiple vendors, compare quotations, send POs and even payment. Penny was designed to make things easy and consolidate all your organization’s spending needs into one intelligent system. Certified by Procure Tech & Kearney Consulting as one of the 100 most innovative procurement solutions globally, you can be sure that procurement is made simple with penny. How can penny help your organization save time & money? ● Streamline procurement means that requests, approvals, and POs won’t be lost in emails or offline. ● Product requests are more accurate through catalogs, avoiding purchasing errors. ● The platform makes it simple to extract and track the history and records of requests and purchases.Starting Price: $1999 per month -
5
CobbleStone Contract Insight
CobbleStone Software
CobbleStone's contract management software is an award-winning solution to track and manage contracts backed by artificial intelligence. With CobbleStone, organizations are able to automate and streamline the entire contract lifecycle with enterprise-wide contract tracking, contract administration, contract drafting, custom report design tools, task and checklists, security, document management, check-in tracking, financials, cost control, and more. Contract Insight is offered in three editions: Contract Insight Enterprise, Contract Insight Express, and Contract Insight Workgroup. Call today for a free demo and pricing at 866-330-0056.Starting Price: $59.00/month -
6
Procurify
Procurify
Procurify’s easy-to-use Intelligent Spend Management platform provides hundreds of organizations worldwide with real-time visibility and control over all business spend. By bringing more spend under management, our customers capture reliable spend data that can be used to proactively minimize rogue spend and rework — and ultimately save them precious time and money. Our procure-to-pay solution helps organizations gain a competitive edge by transforming spend management from a reactive cost center to a proactive, profit-driving function. Beyond process optimization, spend data can drive strategic discussions that directly influence organizational growth and financial health. -
7
Prokuria
Prokuria
With Prokuria's cloud-based platform, you can streamline your procurement process and save time without compromising on quality or customizations that match each team’s needs perfectly! The intuitive interface makes it simple for any size business to use. Prokuria helps companies ease the procurement, purchase, and supplier management process through time and cost-saving solutions: 1. RFIs, RFPs, RFQs 2. Reverse Auctions for big impact 3. Requisition & Approvals 4. Supplier Management for utmost efficiency 5. Purchase Orders made interactively 6. Contract repository 7. Supplier Price Monitoring 8. No-Code for Procurement. User-friendly procedures boosting internal collaboration, alignment with stakeholders, and speed of business. With Prokuria, the procurement process is both modern and efficient. We use several different approaches to achieve this goal with a focus on: -Ease of use -Free-trial for you to test it -Fast implementation -In-depth customizationsStarting Price: €15.00/month/user -
8
Tipalti
Tipalti
The only solution to automate your end-to-end payables process. Automate your full accounts payable, global payouts, procurement and employee expense processes with Tipalti and eliminate 80% of your manual workload. Tiplati enables you to onboard suppliers, partners and freelancers with ease, streamline PO generation, accelerate approvals, eliminate invoice entry and make fast global payments to 190 countries in local currency. Also includes global tax compliance, 2 & 3 way PO matching, multi-entity support, and instant reconciliation with ERP integrations that include NetSuite, Xero, Quickbooks and Sage Intacct.Starting Price: $129 USD, £119 GBP, €129 EUR -
9
RAIZ
RAIZ.Tech
RAIZ is a SaaS (Software as a Service) system designed to streamline and manage sourcing operations. It serves as a comprehensive platform that connects suppliers, factories, and brands, utilizing technologies such as EDI (Electronic Data Interchange), API (Application Programming Interface), and AI (Artificial Intelligence). The system offers several modules to facilitate different aspects of the sourcing process. The Merchandiser module helps with product planning, procurement, and vendor management. The Order Follow Up module tracks and manages orders, ensuring timely delivery and efficient communication with suppliers. The Shipping Management module handles logistics and shipment tracking. In addition, the system includes an Accounting system module to assist with financial management and transactions related to sourcing activities. BI Tools (Business Intelligence) provide data analysis and insights for informed decision-making. Lastly, the Quality module focuses on mainStarting Price: $2.50 -
10
Sourcing Acumen
Sourcing Acumen
Sourcing Acumen is an advanced eSourcing platform purpose-built to execute RFPs and eAuctions with speed, insight, and strategic impact. Built on experience of conducting 10,000+ sourcing events, our platform combines ease of use with powerful, built-in bid analysis - designed in a consulting-style framework to drive fact-based sourcing decisions. We got 360 degrees coverage on capabilities including extremely flexible bid sheets, pre-built bid analysis, dynamic award scenarios, supplier feedback, RFI assessments with weights and scores and e-Auctions. Procurement teams consistently achieve incremental savings while reducing sourcing effort by up to 70%. Our AI agent, AURA, further accelerates decision-making by delivering instant, data-backed insights. Sourcing Acumen is trusted by global enterprises and leading consultancies to transform the way sourcing gets done.Starting Price: $1 -
11
QLM Sourcing
QSTRAT
"QLM Sourcing" is a cloud strategic sourcing and supplier management solution that streamlines processes for user organizations to increase efficiency, throughput, and quality of output to drive increased profitability. QLM Sourcing offers a rich feature set including customer management and quoting, collaborative supplier eRFQ event management, business award and purchase order, spend analysis, and more. QLM Sourcing gives each user organization custom eRFQ templates for different product/service types. Amongst other innovative features is an automated notification function that reminds suppliers of an approaching due date to increase response rates and compliance. Efficiently manage your supply base with configurable document management, segmentation, supplier self-service and performance score-carding. Add new suppliers in seconds with no cost ever to suppliers, all without the overhead of a high-maintenance supplier portal. -
12
MeRLIN Sourcing
MeRLIN Sourcing B.V.
MeRLIN is a Strategic Sourcing Solution offering seamlessly integrated sourcing process automation for RFx/eAuctions, with supplier relationship management and planning functions augmented by advanced analytics functions. It plays a key role in enhancing collaboration between buyers and suppliers on an intuitive and easy to use platform. MeRLIN is modular, flexible, configurable and easy to deploy. It is the go-to solution for the strategic sourcing needs of enterprise sourcing organizations. MeRLIN is an integrated sourcing solution to manage your Direct & Indirect Procurement needs with Supplier Relationship Management, Compliance & Risk management, eSourcing and Planning augmented by Advanced Analytics. Simplify your strategic procurement through extensive automation and enhanced collaboration by bringing together all stakeholders on a single intuitive platform. -
13
Team Procure
Team Procure
Team Procure is a cloud-based procurement suite that empowers businesses to manage their purchasing approvals, purchase orders, strategic sourcing, suppliers, and inventory. Conduct RFQ and E-Auction negotiations to secure the best deals with your suppliers. Generate custom reports based on department, project, or category and make data-driven decisions for your procurement strategy. Team Procure caters to both SMBs and Enterprise organizations with the ability to customize our system using powerful software modules. We offer solutions for: • Purchase Requisitions • Custom Approval Workflows • Procurement Management • Supplier Onboarding & Management • RFQs and E-Auctions • Warehouse Inventory Management For large procurement operations, we offer an enterprise-grade solution with dedicated servers. It includes advanced sourcing features, a supplier portal, ERP integrations, and premium support.Starting Price: $250/month (3 users) -
14
oboloo
oboloo
oboloo – The Only Truly Free-Forever Procurement Software oboloo is the only procurement platform on the market that offers a genuinely free-forever plan — with no time limits, no forced upgrades, and no credit card required. Built specifically for SMEs and internal teams in larger organizations, oboloo is a modern, cloud-based solution that replaces spreadsheets and outdated systems with smart, scalable procurement tools anyone can use. With a clean, intuitive interface and dynamic features, oboloo gives teams full visibility and control over their procurement processes — from managing suppliers and running tenders, to storing contracts and tracking approvals. It’s fast to set up, easy to configure around your existing workflows, and designed to grow with you. oboloo is ideal for teams who want to take control of their procurement without complexity, lock-in, or high costs. Whether you're managing 10 suppliers or 1,000, oboloo helps you streamline operations - all for freeStarting Price: $0 -
15
eSupplier
eSupplier.com
At eSupplier, buyers and suppliers collaborate right from eRFx, Supplier Discovery, eQuote, eCompare, and finally negotiate via reverse eAuctions, in addition, the system generates audit compliance reports as well as provides spend analytics. No Matter if you are a small or large Business, internal sourcing & procurement teams are still stuck with repetitive less efficient manual communication with Suppliers on day to day basis over excel sheets, emails, phone, etc. It's time to Digitize and Automate manual processes which leads not only to work efficiency but allows Businesses to save money using dynamic eNegotiation / eBidding processes. eSupplier's, cloud base platform allows teams to manages end to end sourcing cycle right from inquiry, supplier discovery, and quotation to final negotiation all from a single dashboard. In addition, you can pull all final reports for audit compliance or internal use.Starting Price: $250/month -
16
EaseSourcing
EaseSourcing
EaseSourcing is an AI-powered sourcing platform that helps global buyers find, qualify, and compare the right suppliers—without spending weeks messaging suppliers one by one. EaseSourcing runs the “first round” of sourcing for you: it chats with you to clarify specs, searches for best-fit suppliers, talks to them 24/7 in their native language, collects quotes and key terms, and then delivers a decision-ready shortlist you can actually compare. How it works in a real scenario: 1. Start an inquiry, then our AI will confirm specs, MOQ, target price, lead time, and compliance with you. 2. The AI searches globally and reaches out at scale, quickly filtering for suppliers that match and actually respond. 3. Based on real conversations and basic qualification checks, unreliable suppliers get screened out early. 4. You get a decision-ready shortlist with quotes standardized into comparable fields (price, MOQ, lead time, terms), so it’s easy to compare and move forward fast.Starting Price: $0 -
17
Medius
Medius
Simplicity shouldn’t be complicated. Medius makes AP autonomous—using intelligent technology to reimagine how invoices move into and through your business via a process that you don’t have to touch and that gets smarter with every step. Automate the entire source-to-pay process with the Medius Accounts Payable suite. Simplify and automate your entire AP process by removing paper and manual invoice keying, matching, and processing. You’ll always have full visibility of invoices, spend and cash flow to ensure you can close the books on time, every time. Remove complexity, reduce fraud and save money by improving the payments process in your organization. Medius Pay overhauls the way you pay your suppliers, removing manual processes such as processing checks, and promotes automated working instead. Empower your procurement team with the tools they need to eliminate maverick spend. -
18
Sourceit
Sourceit
Sourceit was created to achieve one key goal, simplify the sourcing process and make life easier for buyers all over the world, whether they’re working on their own or within an organization. We wanted to do it with software that was nice to look at and easy to use. Sourceit was originally conceived and developed in 2010 as a specialized sourcing, job and order management software for marketing services, our market, and catalog modules. Since then we’ve grown from our humble beginnings in Australia with great clients and partners all over the world, and while we’ve kept improving our ‘classic’ products, we’ve grown the family with the recent addition of our new RFQ app. Our clients mean a lot to us, they help our products evolve and give us great reasons to keep improving our applications. Simplicity is really important to us and we stay focused on keeping our business and applications simple.Starting Price: $3500 per month -
19
Alpega TMS
Alpega TMS
Reduce your overall freight spend with a global, modular, cloud-based transportation management solution (TMS). Enable collaboration across the end-to-end process of transporting goods by connecting shippers with their carriers, suppliers and customers. The Alpega TMS platform contains a suite of flexible, modular solutions that enable shippers to Source, Plan, Optimize, Execute, Settle and Analyze their transportation. Alpega's cloud-based solutions are offered on a transactional or subscription basis for quick deployment, reduced cost of ownership, and rapid ROI. The modularity and "pay as you go" model of Alpega solutions enable you to deploy and scale a TMS at your own pace without straining your logistics, operational or IT resources. Alpega TMS solutions bring efficiency to logistics operations, and support supply chain sustainability. Proven global implementations serving over 200+ customers, deployed in 80+ countries across 5 continents & available in 15 languages. -
20
Requis
Requis
Requis is a cloud-based platform that connects buyers and sellers of industrial materials. It is a one-stop shop for procurement professionals, suppliers, vendors, and collaborators to complete procurement and environmental, social, and governance (ESG) activities. Requis digitizes procurement and sourcing activities and consolidates supplier information in a crowdsourced solution. This makes it easier for businesses to find the best suppliers, negotiate better prices, and improve their ESG performance. -
21
ELIT
ELIT
ELIT Source-to-Pay Cloud Solution can help maximize your profits, reduce efforts in sourcing events, simplify purchase decisions and streamline any processes to bridge gaps within the source-to-pay lifecycle. With in-built AI-powered tools and ELIT Intelligent Bot, procurement teams can discover new and relevant suppliers, raise PRs quickly, request invoice uploads and statuses and collaborate with suppliers and stakeholders. ELIT integrates well with your current ERP systems or can work standalone to complement your procurement functions by enabling eSourcing, ePurchase, eInvoicing and eSupplier processes along with Contract Management and end-to-end audit trail to streamline end-to-end lifecycle. You can say goodbye to manual processes, complex and multiple spreadsheets and challenging supplier communications. No matter what challenge you face currently in procurement process, ELIT can address those challenges seamlessly and makes working with suppliers easier. -
22
Silex
Silex
Silex is the first cognitive sourcing platform that helps buyers and procurement leaders to streamline all their sourcing & supplier processes. By using data and best-in-class AI algorithms, Silex brings procurement performance to the next level. Scouting functionalities are intended to strengthen the ability of buyers to know and master supplier markets. Users identify, evaluate, exchange and compare suppliers on a comfortable, efficient and easy-to-use solution. With assistive technologies and natural language searches, users work efficiently and can conduct more procedures while integrating even more precise constraints and criteria. Silex offers the possibility of integrating repositories (suppliers, contracts) to harmonize purchasing practices and share knowledge within the organization. In addition, Silex offers its users to access essential data sources (public and private) guaranteeing the analysis of relevant and up-to-date information on all suppliers. -
23
Felix
Felix
Felix (ASX:FLX) is a cloud-based procurement platform that transforms the way asset owners, builders and managers find, manage and engage third-party vendors. Centralise and streamline Vendor Management and Source-to-Contract (S2C) processes to significantly increase productivity, manage risk and reduce spend. Connect all the right people, tools, and information you need in the one platform. -
24
Gravity
Gravity Supply Chain Solutions
Transform your supply chain into a value chain with Gravity. Built on cutting-edge cloud and data technology, the Gravity platform comprises three innovative standalone modules – Source, Order & Deliver. Centralize and standardize all your briefing, quoting and QA processes with Gravity Source. Discover a more transparent picture of production, vendor performance and potential disruptions. Manage all upcoming and live bookings in one place while seamlessly connecting shippers, vendors and LSPs. Discover how predictive insights and multi-modal tracking supports better business decision-making. Whether you choose one Gravity module or all three, you can take advantage of powerful cross-platform features and functionality. Gravity modules can be easily integrated into any ERP or TMS system, for fast onboarding and minimum disruption. -
25
AutoDS
AutoDS
AutoDS already helped over 40,000 dropshippers to automate their dropshipping businesses. We automated the full A-Z dropshipping process, from products importing to order fulfillment from over 25 US, CN, UK, and worldwide dropshipping suppliers. Forget manually checking with your supplier for changes to pricing or availability. AutoDS monitors this and makes automatic updates to your inventory. Accept and process orders while away from your computer. Take advantage of our 'Fulfilled by AutoDS' solution for full-scale order processing, return processing and customer service messages.
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