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Sourceit unveils marketplace feature


Melbourne, Australia – December 4, 2017 – Sourceit (Sourceithq Pty Ltd) a global provider of cloud-based procurement software today announced an update to its specialized marketing services procurement and job management module, sourceit Market.

“Today’s release continues the ongoing development of features that are specifically targeted to support innovative growth initiatives for our sourceit channel partners”, says CEO Alan Paul.

The introduction of marketplace based technologies has had a profound impact on many industries as technology companies move to take control of the buying process by linking clients directly with suppliers. Distributors and print managers are facing the same market pressures as existing technology providers and new entrants in the print and promotional product sector build and develop their own marketplaces, allowing them to compete directly with distributors.

“We see the trend globally and recognize that not all clients are looking for a traditional distributor relationship but we don’t want to be a technology company that sells to distributors on one hand, then competes directly against them with the other,” says Alan.

“Our approach has always been that technology should be an enabler for business growth so we’ve taken a very different approach to the development of marketplace functionality within sourceit”.

“There are multiple challenges for clients wanting to transition the sourcing of marketing services in-house, most notably the effective management of a supply chain. Our channel partners are perfectly positioned to support these companies, after all, they are the experts when it comes to supply chain management for print and promo” says Alan.

The functionality allows clients to access, then operate independently within channel partners sourceit site. Clients gain the benefit of leveraging spend with the channel partner, access to the channel partners marketplace, and all the benefits associated with the sourceit technology platform.

A marketplace feature is a perfect option for channel partners that want to develop new vertical sales opportunities, industry associations that want to offer a value-add solution to members or franchise groups with members wanting to access a centrally managed marketplace of suppliers.

If you want to learn more about sourceit or to book a demo, please contact Alan Paul via email, alan.paul@sourceithq.com.

About sourceit

Sourceit is a fast-growing provider of affordable RFQ, Job, and Order Management software delivered via cloud-based Software-as-a-Service (SaaS) platform. Sourceit empowers buyers by simplifying the sourcing and procurement process providing simple yet powerful solutions to help companies save time and reduce costs.

Sourceit offers three different software modules:

  • Market – a specialized procurement and job management module for Marketing Services.
  • RFQ – a simple and easy to use request for quote module for any product or service.
  • Catalog – an inventory management an on-demand product/service ordering module.