Optimize Your Sourcing Processes With SourceMagnet

Tired of manual processes, missed proposals in emails and frustrated suppliers? We have thrown out all unnecessary fluff to create a sharp and effective sourcing process to the benefit of both buyer and supplier.
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Optimize Your Sourcing Processes With SourceMagnet

Tired of manual processes, missed proposals in emails and frustrated suppliers? We have thrown out all unnecessary fluff to create a sharp and effective sourcing process to the benefit of both buyer and supplier.

Optimize Your Sourcing Processes With SourceMagnet

Tired of manual processes, missed proposals in emails and frustrated suppliers? We have thrown out all unnecessary fluff to create a sharp and effective sourcing process to the benefit of both buyer and supplier.

How it works

Our sourcing process is designed for user friendliness. Creating a sourcing event with a few simple steps. Keep control on all bids coming in and select the best suppliers to work with.
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Create Sourcing Event

Quickly create new sourcing events and set your deadlines.

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Upload Your Documents

Simply upload your request documents with your requirements.

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Invite Your Suppliers

Select the suppliers you want to find from the list of companies in SourceMagnet or simply invite in new companies by email.

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Review & Go Live

Your all set and ready to receive quotes and proposals from your invited parties.

Revolutionize Your Procurement Process

Our procurement module offers a user-friendly and powerful solution to reduce costs, save time, and improve sustainability in your purchasing processes. With SourceMagnet, you can easily automate manual tasks and ensure that your purchases comply with company guidelines. Achieve full control and optimize your requests with our innovative technology.

Easy to use

Intuitive and fast creation of new sourcing events

Increased transparency

Track all communication and documents in one system - No more lost emails

Live monitoring

Get instant insight into the bidder's status and follow the bid process

All in one system

Seamlessly link sourcing events and contracts for full visibility

Easy to use

Intuitive and fast creation of new sourcing events

Increased transparency

Track all communication and documents in one system - No more lost emails

Live monitoring

Get instant insight into the bidder's status and follow the bid process

All in one system

Seamlessly link sourcing events and contracts for full visibility

Create Sourcing Event

Quickly create new sourcing events and set your deadlines.

Upload Your Documents

Simply upload your request documents with your requirements.

Invite Your Suppliers

Select the suppliers you want to find from the list of companies in SourceMagnet or simply invite in new companies by email.

Review & Go Live

Your all set and ready to receive quotes and proposals from your invited parties.

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Need a boost?

Enhance your procurement processes with other modules and add-ons

Contract Management

A simple, clear, and efficient way to manage all contracts.
Read more

Sourcing

Reduce costs, save time, and improve sustainability in your sourcing processes.
Read more

AI Contract Registration

Automate contract registration and interact seamlessly with your contracts with our powerful Contract AI solution.
Read more

Document Templates

Leverage customizable templates to streamline processes and maintain company standards efficiently.
Read more

API

Gain comprehensive data access and unlock seamless interoperability across systems with our robust API solution.
Read more

Entra ID

Streamline user authentication and enable Single Sign-On with seamless Entra ID integration for a smoother experience.
Read more

Projects

Manage, track, and collaborate on procurement projects with real-time updates and insight across your procurement projects.
Read more
GET CONTROL OF YOUR CONTRACTS

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