Varis vs. Workday Strategic Sourcing

Varis (formerly BuyerQuest) is consumer-like procurement technology with a marketplace of trusted suppliers, driving hard cost-savings and employee productivity. Partners and customers can create curated marketplaces that include their existing contracts as well as pre-negotiated contracts across complementary categories that aren’t currently being managed. Users have a one-stop shopping experience with one search and one shopping cart to find everything they need. Varis also helps organizations digitize and automate processes to increase finance and procurement efficiency.

Workday Strategic Sourcing helps transform procurement into a strategic business partner by automating the entire source-to-contract process. It streamlines everything from project intake and sourcing events to contract lifecycle management, and supplier onboarding and performance management. Workday AI provides intelligent insights and conversational tools that help teams identify savings opportunities, mitigate supplier risk, and instantly surface contract obligations.