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sourceday · 8 years ago

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Is your PO’s status: ‘Not my Problem’?

Of all the statuses a purchase order may be assigned – waiting for approval, approved, pending revision, cancelled – the very worst is ‘Not my Problem’. That unofficial (but very real) designation puts POs into a dangerous state of limbo that may be hard to resolve, leading to discontented suppliers and wasted time. This is especially true when the PO process is manual, tied to physical sheets (or stacks) of paper that must be shuffled from desk to desk in search of resolution. When a supplier calls looking for information about their overdue payment, potentially jeopardizing service or delivery continuity, tracking down paper invoices becomes an inefficient scavenger hunt.

The PO process connects many different enterprise functions – and not always in a good way. Discrepancies need to be resolved, approvals need to be secured, and payments need to be issued in a timely fashion. The fact that so many internal groups are involved in manually processing POs increases the risk that open issues will be passed from desk to desk, or worse – that they will fall between the cracks and be lost.

Automated PO management eliminates the dust, paper cuts, and clutter of manual processing. By keeping POs in digital form, their status and assignment can be centrally tracked and reported on over time. Everyone with access to the system will be looking at the same information in real time.

The fact of the matter is, manually processed POs are everyone’s problem. They prevent multiple functions from making the most of committed enterprise resources through reports that can be instantly available with automated PO management. For example:

Accounts Payable: They are often considered the ‘end of the road’ for Not my Problem POs. If anyone is going to be forced to wade through pending transactions and payments, it is AP. With real time visibility and status tracking, AP can ensure that no POs are left to languish in dark corners of the enterprise.

Procurement: Although the management of POs is often viewed as taking place after procurement’s traditional hand-off point, this break in continuity has a downstream impact on the organization and its suppliers. It also denies procurement an important opportunity to extract maximum value from each contract. With easy access to PO status, procurement can include it in supplier performance reviews and risk assessments.

Legal: Are suppliers living up to the terms and conditions of their contracts? The best way to get this information is by conducting a historical ‘audit’ looking for timeliness and evidence of communication between buyers and suppliers. Manual PO processes require legal to walk the same path POs travel looking for feedback. Automated PO processes allow legal to quickly access actual facts about PO history by supplier.

Operations: The most critical piece of information to operations is when their goods are due to arrive. When everyone is connected centrally and in real time, they can easily request updates from suppliers about the status of open orders or set automated alerts so they don’t have to stop and think about POs at all. Staying on top of stock levels and delivery timelines can avert the need for costly rush shipments.

Finance: Depending on the working capital strategy of the company, the timing of supplier payments may be more of an art than a science. Monitoring POs by date gives Finance the greatest degree of control possible over cash flows without violating the terms of supplier agreements.

Automated PO processing offers a number of benefits, not the least of which is to strengthen the cross-functional internal relationships that would otherwise be stressed by the effort to track and process POs. By keeping POs in digital form, it is no longer a matter of figuring out who’s problem each PO is, but helping the enterprise see that POs are not a problem at all.

#PO #PO processing #Finance #Operations #Legal #Procurement #Management #Manufacturing #Purchase order #purchase orders #purchase order software #PO Process #accounts payable #SourceDay #ERP #erp software #erp system #erp solutions

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amirocks · 5 years ago

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Some #procreate #timelapse #video s of my @gonzoviz #drawings from the @sourceday #virtual all-hands #event - #portraits begun in the #livedrawing #zoom #breakoutroom and finished up post event - 56 in all! Thanks to @sedmoore1 for bringing me in and @ggeventmarketing for throwing a super dope remote event which felt intimate and fun. #drawing #sketching #sketch #austin #atx #texas #art #livesketching #digital #artistsoninstagram #illustration (at SourceDay) https://www.instagram.com/p/B_qbC2cFGSq/?igshid=fup6iezxni02

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un-enfant-immature · 5 years ago

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Austin-based SourceDay closes $12.5 million for its supply chain management software

Austin-based SourceDay, which sells supply chain management software, said it raised $12.5 million in its latest round of financing.

The company developed software to manage the relationship between companies and the businesses they source raw materials from as part of their direct spending needs.

Baird Capital led the round with participation from existing investors including Silverton Partners, ATX Ventures and Draper Associates, the company said.

For companies dealing the supply chain shocks caused by the COVID-19 pandemic, supply chain management tools are more important than ever, according to the company.

“As businesses face unprecedented times, they are seeking faster answers to bigger challenges,” said Joanna Arras, Principal at Baird Capital and SourceDay’s newest board member, said in a statement. “More than ever, companies need resilient and agile supply chains. Poor supply chain visibility and inefficient collaboration will be crippling during this time of rapidly shifting demand. Baird Capital is proud to invest in SourceDay to help companies face these challenges head-on.”

The company counts over 6,000 manufacturers, distributors and suppliers among its customer base and said it would use the financing to further develop tools that can aid customers in their mitigation of supply chain risks.

“The COVID-19 pandemic is exposing the ways that outdated supply chain practices make manufacturers vulnerable,” said Tom Kieley, CEO, SourceDay, in a statement.

SourceDay is coming off a record-breaking year that saw the company add thousands of new customers and bringing the total amount of spending processed on its platform to over $66 billion. It now counts over 50 employees on staff since its launch in 2013.

#TechCrunch

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americanfreighttrucking · 5 years ago

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SourceDay Achieves ‘Built for NetSuite’ Status

New SourceDay SuiteApp Meets the NetSuite SuiteCloud Platform Development Standards and Documented Best Practices

AUSTIN, Texas–(BUSINESS WIRE)–#DigitalTransformation—SourceDay, a pioneer in automating direct spend procurement, purchase order management and supplier collaboration, announced today that its SuiteApp has achieved “Built for NetSuite” status. The new SuiteApp, built using the…

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#Business Wire

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ladystylestores · 5 years ago

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DispatchTrack raises $144 million to optimize delivery routes with AI

Logistics startup DispatchTrack today announced it raised $144 million in the company’s first-ever financing round. CEO Satish Natarajan says it’ll be used to support product research and development, as well as business, segment, and geographic expansion.

The logistics market is an increasingly attractive investment in light of the novel coronavirus pandemic. With customers either choosing or being mandated to stay at home, DispatchTrack says it’s seeing growth on the end-customer side as well as from ecommerce and brick-and-mortar stores. Even pre-pandemic, last-mile delivery was fast becoming the most expensive part of the supply chain, with research firm Capgemini pegging the percentage of costs at 41%.

DispatchTrack was founded in 2010 by Satish Natarajan and Shailu Satish, a husband-and-wife team who focused on the furniture industry before expanding into building materials, appliances, food and beverage distribution, restaurants, field and home services, and third-party logistics. Their company now offers a range of services including route optimization, reservations, billing and settlement, and omnichannel order tracking.

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DispatchTrack’s route optimization system allows users to control various delivery parameters, with a dashboard that presents optimizers for scheduling thousands of stops for hundreds of trucks. Calendar-based templates can be designed within DispatchTrack’s platform for upcoming holiday weeks and seasonal fluctuations to apply rules, constraints, and combinations of routing strategies to each order.

DispatchTrack users can classify customers into tiers to ensure that they’re serviced promptly. And DispatchTrack’s Route Advisor gives every decision (including adding late orders) in the route editor a thumbs-up or a thumbs-down, determined by predicting whether the decision will improve costs, meet delivery time window constraints, or maintain arrival consistency.

DispatchTrack offers a mobile app used by “thousands” of drivers that works offline and boasts features like proof of delivery. Clients can customize their terms and confirmation statements, as well as the documentation that indicates goods were accepted by end-customers. To prevent false liabilities, the app walks couriers through a checklist of steps, including snapping pictures (or recording videos) and noting dates and locations. And to meet regulations requiring that drivers be “satisfied” that delivery vehicle parts are in good working order, the app provides drivers the ability to fill out forms and store them for audit at any point in the future.

On the customer side, DispatchTrack facilitates calls, texts, and emails to confirm delivery appointment times. (Companies who opt to do so can embed an order-tracking widget on their website.) On the day of scheduled deliveries, it allows drivers to push out calls along with live estimated time to arrivals, while at the same time letting customers call in to confirm their information.

This all works in tandem with DispatchTrack’s reservation system, which streamlines the booking process. Customers are given a choice of appointments. As these appointments are booked, the system deducts from available capacity so that the next customer won’t see appointments that would result in overbooking. Capacity can be calculated at the service level or by geographic region (i.e., by ZIP code or geocoding), as well as via API, so that it can be connected to an existing point-of-sales system.

Ony any given day, third-party apps written on top of DispatchTrack’s core data call the API 60 million to 80 million times. And in any given week, the company creates and maintains 2 million to 3 million new pieces of delivery-related content, such as picture and driver notes.

DispatchTrack also handles billing, settlement, and social reviews to the extent that it offers programmable rules and allows the import of data via CSV. It automatically calculates things like fuel surcharge, making reports available in a timeline and optionally requiring managers to sign off on billing orders. And post-delivery, DispatchTrack can present customers with a survey and an option to post to Google Reviews directly from their phones.

DispatchTrack competes with startups like FarEye, SourceDay, and Flock Freight in the global logistics space, which is anticipated to be worth $15.5 trillion by 2023. Uber offers a service called Uber Freight, to which it recently committed another $200 million as part of a major expansion. San Francisco-based startup KeepTruckin last year secured $149 million to further develop its shipment marketplace, and Next Trucking closed a $97 million investment. For its part, Convoy raised $400 million at a $2.75 billion valuation to make freight trucking more efficient.

But DispatchTrack says it’s doing brisk business, with over 60 million deliveries a year for over 1,100 customers including Ryder, Mattress Firm, and Poolman.

DispatchTrack is based out of San Jose, California, with a staff of 70 employees across offices in Charlotte, North Carolina, and Hyderabad and Mysore, India. In conjunction with its fundraising, which Spectrum Equity led, Spectrum’s managing director Vic Parker and VP Adam Gassin will join DispatchTrack’s board of directors.

“We spent the last ten years refining our product and service, and we have received validation from customers across industries and geographies,” said Satish, “Now, with Spectrum’s partnership, we are ready to scale and maximize the potential of DispatchTrack. We are excited about this new stage in our continued growth.”

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dizzedcom · 5 years ago

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Austin-based SourceDay closes $12.5 million for its supply chain management software

Austin-based SourceDay, which sells supply chain management software, said it raised $12.5 million in its latest round of financing.

The company developed software to manage the relationship between companies and the businesses they source raw materials from as part of their direct spending needs.

Baird Capital led the round with participation from existing investors including Silverton Partners,…

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procurement-insights · 1 year ago

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Uncut & Unedited: SourceDay CEO Steps From Behind The Company Logo

Why is it important to "know" the players, e.g., people behind the service provider companies?

There are many different charts that assess service providers. The ones I used for this Titans 2023/24 series are as follows: Deloitte’s “A Range of Procurement Technology Solutions” Dr. Elouise Epstein’s “Spider Map” Spend Matters’ “50 To Watch 2023” Supplify’s “Supply Chain Tech Map” These are helpful programs in that you see the names and the positions of each player. However, I think it…

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#Direct Procurement #SourceDay

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maximuswolf · 6 months ago

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Recommend LAN games [August 2024 Edition]

Recommend LAN games [August 2024 Edition] Latest addition: Rome: Total War. After a late recommendation and second review of the game, it has been added to the list after the discovery of the eight player multiplayer mode.Abiotic FactorAge of Empires IIAlien Swarm: Reactive DropBattlefield 2142Call of Duty 2Counter-Strike 1.6Cube World αDay of Defeat: SourceDay of InfamyDiablo IIDuck GameEuropa Universalis IVFactorioGarry's ModGTR 2Half-LifeHeroes of Might & Magic IIIInsurgencyMaster of Orion IIMinecraftMount & Blade WarbandOpenTTDQuake III ArenaRed Alert 2Rome: Total WarSonic & All-Stars Racing TransformedStar Wars: Battlefront (2004)Star Wars Jedi Knight: Jedi AcademyTerrariaThe Elder Scrolls III: MorrowindTrackmaniaUnreal Tournament 2003 DemoWarcraft IIIWorld of WarcraftWorms ArmageddonRecommend more LAN games. The more players available in the same game, the better. Submitted August 23, 2024 at 11:29AM by tridentofcheese9182 https://ift.tt/y57nGNz via /r/gaming

#reddit

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simdcom4gsahaha · 5 years ago

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thefiveminutefounder · 5 years ago

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S5 E22: Cloud-Based Supplier Portal to Better Manage Your Supply Chain [Tom Kieley & Clint McRee, SourceDay]

Website -- SourceDay

LinkedIn -- Tom Kieley, Clint McRee, SourceDay

Twitter -- @TomKieley, @ClintMcRee, @SourceDay

Subscribe -- iPhone | Android | Google Podcasts

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#austin #episode 22

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jamiekturner · 6 years ago

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Website showcase: Startups and tech companies in Austin

There are many tech companies in Austin. This vibrant and fun city offers a lot to tech professionals. More and more investors in Austin are starting to look into new technologies like artificial intelligence, machine learning, and blockchain.

New funds have been flowing into startup tech companies in Austin, too. In September of 2017, Chris Pacitti and John Thornton, former Austin Ventures partner, along with the former Bain consultant Sam Kentor, founded their new project, elsewhere PArtners.

This Austin company plans on investing business software located in areas outside the more traditional venture capital hubs of Boston, New York, and San Francisco.

Another similar accelerator, Sputnix ATC, founded by Oksana Malysheva and Joe Merrill, also stepped into the limelight.

They are focused on early-stage startup tech companies in Austin, provided that they already have a viable product and at least one company. This makes them different from traditional incubators or accelerators.

The culture of Austin may also be more appealing to some tech companies. Many people envision startup tech company founders as scrappy young men and women in their twenties who succeed in Silicon Valley to live the lives seen in HBO’s Silicon Valley.

In Austin, things are very different and may be more welcoming both culturally financial to a different kind of tech entrepreneur.

Top startups and tech companies in Austin

Wellsmith

There is a very bright future in store for Wellsmith. This Austin tech company creates health and wellness solutions for people looking to start living a healthier lifestyle.

They received $12 million in funding in 2012, allowing them to triple the size of the Wellsmith team from 20 people to 60 people. They have plenty of room to grow, with an office with the capacity for a grand total of 150 employees.

Worksmith

This Austin tech company wants to help connect businesses to communities. After all, it takes a community to take care of a business and help drive its growth. Worksmith offers a marketplace of local service providers to companies that can help them take care of their needs.

Users of the Worksmith platforms can find providers of everything from facilities management, dry cleaning services, laundry, events set up, and much more. They also offer a dashboard that allows users to track all requests theta they have on the platforms and make payments easily. ‘

SubVRsive

SubVRsive runs a full-service virtual reality studio with custom cameras and audio solutions designed to fulfill the needs of any project. Some of these projects include creating a 360-degree virtual reality experience for a Showtime boxing match.

It was this project that earned this Austin tech company an Emmy nomination for 2017, something few tech companies in Austin or anywhere can claim. They also received $4 million in funding.

Rollick Outdoor, Inc

This Austin startup company offers a marketing platform that gives consumers an individualized buying experience for powersports vehicles, RVs, boats, and motorcycles.

They launched in 2017 and promptly raised $5.6 million in funding. They plan on growing and launching nationally in 2018.

New Knowledge

This Austin tech company is best known for its role in calling out Russian-backed social media users meddling in the 2016 election.

It utilizes machine learning to protect brands from social media disinformation campaigns launched by competitors and trolls. The New Knowledge system can identify fake accounts, fake news, and propaganda campaigns.

MineralSoft

This company creates software that helps organize complicated and fragmented data involved in oil and gas production as well as ensuring that landowners receive the royalties they are due.

They also help mineral rights owners with auditing and monitoring payments, while also tracking down any missing payments.

Senseye

This Austin tech startup combines neuroscience, psychology, physics, engineering and technology to unlock a computer’s ability to read and understand human emotion, thoughts, and mental states.

KindHealth

This company launched in 2015 and seek to simplify the process of buying health insurance by offering users free health insurance quotes from hundreds of providers that have been selected just for them.

KindHealth also gives every user a personal advocate to help book appointments, dispute claims, pay bills, and much more.

Employee Wow

This platform collects ground-level feedback about customer service reps. It makes use of a “wow” scoring system that can be used for both monthly and quarterly contests to recognize exceptional customer service.

Roomify

Roomify simplifies the process of moving into a dorm room for both students and parents by offering pre-packaged bundles of college living essentials at affordable prices. They recently changed their name from Dormitup.com.

The Appraisal Lane

The Appraisal Lane is a real-time used car trade network that provides dealers with on-demand cash offers on “live” active trade-ins, aged inventory, and wholesale units. They enable dealers to cash out of cars quickly, while sourcing new inventory from their growing nationwide network of dealers. Pre-bid on trades at other dealerships while they’re…

Swivel

Swivel is a technology company working on bringing the vision of workspace-as-a-service to life. We’re partnering with leading commercial real estate companies, landlords, and tenant reps to turn remnant space into dynamic and sought-after ‘pop-up’ coworking solutions specifically designed for growing teams.

StopLight

StopLight is a toolkit for developers to debug, test, and monitor APIs in development or live production environments.

SpyCloud

SpyCloud is a pioneer in breach discovery. They strive to help businesses of all sizes mitigate data breaches by proactively alerting when employee or company assets have been compromised. They accomplish this through their early-warning breach detection service powered by a world-class team of intelligence analysts.

SourceDay

SourceDay is a Software as a Service (SaaS) solution that automates purchase order management processes by seamlessly integrating with Enterprise Resource Planning (ERP) systems. SourceDay extends ERP purchasing capabilities by centralizing and managing the PO lifecycle for buyers and suppliers, eliminating manual processes while improving supplier…

Skout Deals

Skout Deals is a location based mobile apps used for finding the nearby deals & coupon codes for shopping in the USA. It is the best app free to use & all the deals & coupons available here are at least 25% off and more.

Remedy

Remedy is an Austin-based medical practice that brings board-certified medical providers to your doorstep in under two hours. With transparent pricing, they attend to your urgent care needs conveniently in the comfort of your own home or office.

PullRequest

Code review as a service for any language. PullRequest is a platform for code review, built for teams of all sizes. They have the world’s largest network of on-demand reviewers, backed by best-in-class automation tools. Because code quality is important.

Propago

Propago is the Marketing Management Platform designed to distribute brands physically and digitally. Propago’s Marketing Management Platform allows enterprises to provide sales teams, franchises, channel partners or any authorized users with the marketing assets they need. Users can order what they need when they need it through cloud-based…

Pilosa

Pilosa is an open source, distributed bitmap index that dramatically accelerates queries across multiple, massive data sets.

Overhaul

Overhaul is a risk management and visibility platform serving the Global Supply Chain Industry. Overhaul provides premium shippers unique visibility and full confidence their cargo is in reliable hands, while giving their transportation network the right information and tools to be in compliance with specific Standards of Care.

Ovabrite

Their technologies detect fertility and gender on egg day zero. Their solutions will reduce costs, create new revenue streams and enable ethical culling.

One Model

One Model delivers a data Command, Control, and Intelligence platform that automatically manages the extraction of data from the source, data cleansing and extension, and positioning for intelligence activities. A human capital data strategy is essential for HR to start measuring, tracking, and improving the efficiency of the workforce.

Olono

Meta SaaS

SaaS is awesome but SaaS has created a management nightmare for the finance department. Meta SaaS solves this very big problem and CFOs love us for it.

Project Lighthouse

Loom is a platform that weaves together ideas, top-tier creators and equitable compensation. They connect passionate visionaries with talented freelancers and provide tools that make it easier to bring projects to life.

Lawgix

Lawgix is a law firm and law technology company offering litigationsSupport and court appearance management technology.

Kilroy Blockchain

Kilroy Blockchain is here to provide award-winning, trusted solutions in blockchain and AI, working with their credible partners like IBM and Ingram Micro. They are blazing the trail of truth, helping you to design a future that puts humans first.

KEY Concierge

As a specialty five-star concierge service for luxury vacation rental properties, KEY Concierge is a trusted pass to the best of the best in America’s most celebrated cities from coast to coast. Focused on saving clients precious time and energy, KEY’s customized member profiles allow a personalized experience to follow members from city to city in…

Opcity Inc

OpCity looks to help people find their dream homes. The company also got the chance to build its own dream home recently, moving to South Austin to build the office of its dreams. This startup tech company was launched in 2015.

Their platform uses machine learning and analytics to match real estate leads with the right agents. OpCity’s new office is located on a members-only frisbee golf course. It also has an on-site gym and plenty of space to accommodate their growing staffing needs.

Javelin

Javelin Networks protects Active Directory and provides autonomous prevention, containment, incident response, and threat hunting capabilities in an all-in-one artificial intelligence driven platform. It’s the only agentless solution that immediately contains attackers after they compromise a machine, preventing them from using Active Directory…

Iris Plans

Healthcare planning keeps you in control of your healthcare, resulting in better care, higher quality of life, and protection from conflict and stress for family members and caregivers. Iris Plans offers discussions with a facilitator in your home, through video conferencing. They help you create a plan that guides important, complex decisions.

Intry

Their mission is to give candidates a strategic edge in getting seen and hired, and employers the opportunity to view the entire candidate.

HomeBit

HomeBit is an app that helps you run home maintenance and provides ways to track home value, repairs and upgrades. Set it, forget it, and let it remind you when your home needs attention.

GlobeKick

GlobeKick builds travel adventures that we wish existed. We’re for the serious traveler looking for more meaning rather than more stuff.

GenXComm

GenXComm’s robust Simultaneous Self Interference Cancellation (S-SIX) Technology enables maximal use of available spectrum just as carriers are planning their 5G cellular network deployments to cope with a flood of new wireless devices and rapidly increasing data demands on their networks.

Ending thoughts on tech companies in Austin

There are a number of amazing tech companies in Austin.

Tech companies in Austin look to have a promising future. The city itself also provides many benefits to tech companies. The cost of living in Austin is getting higher, but it still remains much more affordable than other tech hotspots likes New York and Silicon Valley.

This allows young tech companies in Austin to keep costs lean. It was this fact the caused Sarah Ware, CEO, and co-founder of Markerly, who with husband and co-founder Justin Kline to move her 20-person marketing technology start-up, founded in 2012, from Silicon Valley to Austin in 2013.

The city already has a rich entrepreneurial ecosystem. It includes hubs such as Austin Technology Incubator, located at University of Texas at Austin and the prestigious Techstars Austin accelerator, as well as a start-up density that puts it in the top 10 for the country according to the Kauffman Foundation.

If you enjoyed reading this article about tech companies in Austin, you should read these as well:

Awesome Boston startups to watch in the upcoming years

Amazing Australian startups that you can apply for a job at

Innovative virtual reality companies and their neat presentation websites

Startups in Amsterdam that you should keep an eye on (and their cool websites)

Cool startups in Los Angeles that you should check out

Chicago startups you should pay attention to in the next years

The post Website showcase: Startups and tech companies in Austin appeared first on Design your way.

from Web Development & Designing https://www.designyourway.net/blog/web-design/startups-tech-companies-austin/

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