Purchased Services Lifecycle Management Platform
With the most comprehensive solution dedicated to purchased services spend management, mSource® helps supply chains manage their sourcing roadmap, unite stakeholders, and keep RFPs moving forward. Powered by artificial intelligence and and machine learning, our predictive analytics helps you achieve financial health and keep a pulse on purchased services contracts and outcomes.
Accelerate Your Sourcing Roadmap
With exclusive workflows that streamline the sourcing lifecycle, now you can optimize your resources to improve your contract outcomes. mSource Pipeline Performance Management
Report on Critical Metrics
Track progress on sourcing initiatives to create efficiencies and report on department milestones
Centralize Project Intake
Receive and prioritize stakeholder requests so nothing falls through the cracks
Measure sourcing duration and savings results against peer organizations to improve output
Maximize your Resources
Motivate your team to track project pipeline with weekly check-ins and timely feedback
Give your Data Purpose and Direction with Predictive Analytics
Powered by AI, you can categorize spend with speed and accuracy across 630+ categories. mSource Analytics helps you measure spend by category, supplier, or facility to find contract consolidation opportunities. Get your top 15 recommended categories with savings and improve your financial health with insights that help you identify unwanted recurring charges, major spend changes, and contract expiration by date and spend volume.
Categorize Spend with Customized Taxonomies
Understand your savings opportunities with data displayed by supplier, category, and facility.
Category ROI Predictions
View recommended savings opportunities by category relative to sourcing difficulty and spend volume
Cognitive Data Insights
Ask deeper questions of your data to evaluate spend trends and find consolidation opportunities
Inform your Sourcing Strategy with Customized and Reliable Market Insights
Find out just how competitive your contracts are. With nearly 15 years of purchased services sourcing expertise, Medpricer is the only industry provider with insights on price by region and service-level terms. Use mSource Contract Intelligence to determine if your contract spend is in line with market trends, access category reports, and harness instant insights from your contract database.
Precision Benchmark Reports
Determine how competitive your contracts are with marketplace intelligence vetted by sourcing experts
Market Overview Reports
Understand the sourcing landscape and supplier offerings in a given market
Evaluate all of your contracts at once
Scan your entire contract database to search for and standardize terms and conditions
Negotiate More Value in Record Time With Automated Workflows
Automate your entire sourcing process to achieve financial health. Manage customer requests and get approvals, uphold RFP best practices by category, and automate contract negotiations with the mSource Negotiate module. Best of all, create an audit trail housing all communications, approvals, and documents on a single platform. It’s never been easier to find and eliminate off-contract spend.
130+ Category Templates
Accelerate RFPs with specialized templates that incorporate best-practices by category
Real-time, Multi-round Negotiation Platform
Get up to 40% time savings on incumbent and competitive negotiations
Centralize Supplier Interactions
Maintain integrity by tracking supplier communications and stakeholder request