McKinney, TX- Sapience Analytics, the leading provider of innovative workplace analytics solutions for the enterprise, was awarded the prestigious Innovations in Supplier Performance award at the 2024 Future of Sourcing Awards. The event, which is held annually and hosted by the Sourcing Industry Group (SIG), brings together the leading innovators across the sourcing industry to showcase the services and solutions guaranteed to impact the industry for years to come.
“Sapience is honored to accept SIG’s Innovations in Supplier Performance award,” said Sapience Analytics CEO Brad Killinger. “We’ve worked diligently for the last several years to build a leading analytics tool for the sourcing and external workforce space and this award is just another indication that we’re succeeding in that mission.”
The Innovations in Supplier Performance award is given annually to a single company that builds and delivers a must-have platform for monitoring, managing, controlling and influencing a supplier’s ability to meet business needs and goals. Sapience was chosen for the award after the company showcased how its external workforce solution can help clients capture detailed contingent labor data to verify supplier invoices, reduce costs, and ultimately increase supplier efficiency.
Sapience highlighted several cases in which suppliers used its platform to reduce external labor cost by up to 30 percent, with one client saving $300,000 in a single month after deploying the Sapience platform.
“Sapience is a game-changer for companies across the globe,” said Mr. Killinger. “Just weeks after deploying Sapience across their external workforce, our clients gain valuable insights into how and when their suppliers are actually working, enabling them to uncover hundreds, if not thousands, of erroneously billed hours, potentially saving them millions of dollars each year.”
In addition to external labor analytics, the Sapience platform is capable of empowering companies to analyze how their own businesses are operating to identify employee burnout, workforce resourcing needs, and software usage, among a host of other insights. Sapience also recently launched a new feature that allows companies to monitor employee return-to-office policy compliance from the platform’s simple dashboard.
“Our team works incredibly hard each day to deliver the best and most innovative solutions for enterprises across the globe,” said Mr. Killinger. “While we’re honored that SIG put a spotlight on those efforts with the Innovations in Supplier Performance award, our work is far from done. In the coming years, we look forward to delivering even more innovation to drive valuable insights for business leaders. Sapience is the data partner every company needs.”
For more on Sapience and the Sapience platform, visit SapienceAnalytics.com.
About Sapience Analytics
Sapience Analytics is the world leader in providing valuable and actionable insights to business leaders. With its many uses cases, the Sapience platform can inform business leaders about cost-savings and efficiency opportunities across both the external and internal workforce. The platform is also ideal for analyzing employee software usage and return-to-office policy compliance. Learn more at SapienceAnalytics.com.