Watch the savings rain down
Raindrop Sourcing streamlines the entire sourcing process—from drafting RFPs to awarding contracts—leveraging AI to boost efficiency, drive savings, and reduce risk.
KEY BENEFITS
Rapid Go-to-Market
Launch sourcing events up to 75% faster using pre-built templates, one-click cloning, and dynamic workflows.
AI-Driven Savings
Deliver real-time feedback to suppliers to encourage competitive bids and maximize cost reduction.
Risk Mitigation
Assess supplier qualifications and compliance using AI-powered analysis—catch issues before they become problems.
How It Works
Streamline Intake & Launch Events
Capture sourcing needs through a simple intake process—then spin up events in minutes using pre-built templates and approved supplier lists.
Collaborate Seamlessly
Centralize communication with internal stakeholders and suppliers via built-in chat, document sharing and dynamic workflows
Evaluate and Award
Use dynamic scoring and analytics to compare bids and justify decisions—plus AI summarization to surface key insights for fast review and approval.
“With Raindrop, we are able to take sourcing processes that used to take a lot of manual effort and automate them, avoiding human error, and ultimately allow us to focus on more strategic, value-added activities. I highly recommend this tool to any business looking to optimize their sourcing strategy!”
Built for Transparency and Strategic Impact
With Raindrop, every sourcing event becomes a source of insight. Gain complete visibility into:
- Who’s requesting what—and why
- How long each event takes, from intake to award
- Which suppliers are most competitive and how savings are realized
- How sourcing activities align to your broader spend strategy
All sourcing activity is tracked, auditable, and fully integrated across the Raindrop suite—so you’re never in the dark.
Ready to Modernize Your Procurement?
Get up and running with Sourcing in less than a month with a modern Procurement experience your teams will actually use.
FAQ
Raindrop supports a wide range of sourcing events including RFX (RFPs, RFIs, RFQs), reverse auctions, blind bids, and direct negotiations. The platform is designed to be flexible, allowing procurement teams to create events of any complexity using templates, custom workflows, or AI-powered assistance.
Raindrop simplifies sourcing by automating repetitive tasks, centralizing communications, and enabling real-time collaboration. Users can launch events in minutes, compare bids side-by-side, and maintain complete visibility throughout the sourcing lifecycle—from intake to award.
Yes. Raindrop offers configurable templates and cloning features so you can quickly replicate successful past events. This reduces administrative effort and ensures consistency across sourcing initiatives.
Suppliers can access a dedicated portal to submit responses, ask clarifying questions, and receive real-time updates. Raindrop ensures transparency and fairness while simplifying supplier onboarding and communication.
Absolutely. Raindrop provides robust analytics and reporting tools that track cost savings, supplier performance, event cycle times, and sourcing effectiveness—helping procurement teams measure impact and continuously improve.