Purpose-built procurement services and technology solution provider, LogicSource enhances its OneMarket Insights, Portfolio, Sourcing, and Contracts modules by integrating newly redesigned customer experience across the platform.
With the additional features, OneMarket users can now perform sourcing events, manage supplier contracts and metadata, forecast, measure, and report on procurement value, as well as evaluate classified and enriched supplier and spend data for new projects. As a result, procurement teams now have a first-in-market capability to function across the four crucial stages of the source-to-contract process in a single integrated environment.
“We’re excited to unveil this market-first capability. We’ve seen others announce big plans to build elements of this capability, but the reality is that even those plans simply don’t cover the breadth of what we are now able to do. OneMarket is the first platform that brings all aspects of category management and source-to-contract together in a unified, integrated user experience. That means better data, less administrative burden, and more value generation for procurement teams, delivering tremendous value for their organizations,” stated Jo Seed, COO at LogicSource.
The latest iteration of OneMarket eliminates the technical gaps, administrative overhead, and data re-keying issues that most teams experience, allowing them to execute more efficiently and easily, as well as with increased visibility and communication capabilities for their Finance, Legal, and Business Units stakeholders. OneMarket is a service and data-enabled platform accessible anywhere and on any device, backed by pre-built tools and templates, and fueled by $65 billion in cross-portfolio spending market intelligence, and price benchmarks.