Scout RFP’s Strategic Sourcing Earns Distinctions from Industry Analysts, SaaS Awards

SAN FRANCISCO–([1])–Scout RFP[2], a Workday[3] company and leading cloud-based platform for strategic sourcing and supplier engagement, today announced new recognitions from prominent industry analysts and organizations. The Company was designated a Key Solution Provider in 2020 by Ardent Partners[4] and named a finalist by the 2020 SaaS Awards[5] program for its strengths in project management, workflow automation and productivity improvement.

The Key Solution Provider distinction is an inaugural award from Ardent, a research and advisory firm focused on advancing supply management strategy, processes, and technologies. The recognition highlights Scout, as a provider believed to be well-positioned to make a big impact in the supply management market this decade. Additionally, the fifth annual SaaS Awards[6], which recognize excellence and innovation in software solutions, shortlisted Scout in two categories: Best SaaS for Improved Productivity and Best SaaS for Project Management, Workflow Automation or PLM.

“As businesses face a changing world and new demands, strategic sourcing technology is becoming a critical connective tissue between procurement, finance, operations, and suppliers – helping fuel an agile business strategy, enhance cash-flow, and mitigate risk,” said Stan Garber[7], co-founder, Scout RFP. “We are honored to receive recognitions that validate not only the multifaceted strengths of our platform, but also the overarching customer-obsessed culture that informs its design. We look forward to helping more customers with automation acceleration through the capabilities of tech-enabled strategic sourcing.”

The recent round of distinctions come as Scout celebrates a new milestone: its fifth annual customer advisory board (CAB) meeting. Every year, the Company convenes a number of customers for candid discussions about sourcing challenges, priorities and best practices, with participating companies sharing insights, learnings and more. Today, the CAB continues to serve as a basis for driving technology development and initiatives. 2020 participants include 24 Fortune companies and global industry leaders across financial services, technology, healthcare, energy and more.

“Scout’s inception and evolution have been driven by a strong feedback loop with the companies we serve. We’re thrilled to mark our fifth CAB meeting and take pride in the meaningful customer relationships we’ve cultivated,” added Garber.

About Scout RFP

Scout RFP[8], a Workday[9] company, is the strategic sourcing and supplier engagement platform trusted by procurement and finance teams to streamline their processes, manage a unified pipeline of projects, and collaborate with stakeholders and suppliers to achieve greater business impact. More than 285 global brands trust Scout RFP’s strategic sourcing platform to deliver greater impact through seamless business engagement. Managing over $38.5 billion in project spend, Scout RFP’s strategic sourcing and supplier engagement helps make enterprise commerce faster and more transparent, reduces risk, and drives profitability.

Forward Looking Statements

This press release contains forward-looking statements including, among other things, statements regarding the expected performance and benefits of Workday’s and Scout RFP’s offerings. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “seek,” “plan,” “project,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Risks include, but are not limited to, risks described in Workday’s filings with the Securities and Exchange Commission (“SEC”), including Workday’s Form 10-Q for the fiscal quarter ended April 30, 2020 and future reports that may be filed with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.

Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday’s and Scout RFP’s discretion and may not be delivered as planned or at all. Customers who purchase Workday and/or Scout RFP services should make their purchase decisions based upon services, features, and functions that are currently available.

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