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What is Stimulus?

Stimulus harnesses data and analytics to help organizations enhance their purchasing decisions with a strong emphasis on diversity, equity, and inclusion. The current approach for searching, selecting, and evaluating suppliers is inefficient and complicated. There is a notable absence of a standardized framework for assessing suppliers or pinpointing alternative choices. Within the Stimulus ecosystem, companies can easily find qualified suppliers. By taking advantage of the Stimulus API, businesses can consolidate data from various sources, creating a cohesive source of truth. This also allows for effective management of supplier relationships by tracking spending, ongoing projects, and their respective statuses—ranging from consideration to qualification, shortlisting, or award. Moreover, the platform allows for the development of projects aimed at specific objectives and criteria, enabling organizations to thoroughly evaluate vendor performance throughout the entire process, which significantly improves decision-making and results. Ultimately, this innovative methodology not only streamlines procurement but also promotes a more inclusive and equitable supply chain, contributing to overall corporate responsibility and social impact.

What is SourceDay?

Improve collaboration with suppliers. The relationship between buyers and suppliers has significantly weakened over time. At present, each quote, purchase order, and invoice is sent through email repeatedly, necessitating manual updates and frequent follow-ups. Our cloud-based solution provides real-time visibility and accountability, effectively bridging the gap between your organization and your suppliers. Furthermore, it integrates effortlessly with your ERP system, ensuring that details such as pricing, quantities, lead times, and delivery dates are accurate. By adopting automated workflows and trustworthy data, you can effectively reduce risks associated with procurement. SourceDay's platform fundamentally changes how buyers and suppliers engage, enabling a more effective management of direct spending across quotes, purchase orders, invoices, and quality assurance. Say farewell to spreadsheets, as the manual handling of RFQs raises the likelihood of errors and the potential loss of important quotes in your inbox. By digitizing your RFQ process, you simplify the process of comparing quotes, allowing you to make informed decisions with assurance. This transformation not only enhances operational efficiency but also fortifies the overall relationship with suppliers, fostering a more collaborative and productive partnership. Ultimately, embracing this advancement is key to thriving in today's competitive market.

Media

Media

Integrations Supported

Integrations Supported

Epicor Kinetic
SyteLine ERP (CloudSuite Industrial)

API Availability

Has API

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Not specified

Training Options

Online Training

Training Options

Not specified

Company Facts

Organization Name

Stimulus

Date Founded

2017

Company Location

United States

Company Website

getstimulus.io

Company Facts

Organization Name

SourceDay

Date Founded

2013

Company Location

United States

Company Website

SourceDay.com

Categories and Features

Purchasing

Not specified

Categories and Features

Procurement

Not specified

Purchase Order

Not specified

Purchasing

Not specified

RFQ

Not specified

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