Named a Workday Partner, Teem integrates with Workday Strategic Sourcing and Workday Contract Lifecycle Management to help joint customers discover the right suppliers faster and stop redundant spend before it happens

SAN DIEGO: Teem Finance, Inc., an AI-native procurement intelligence company, today announced a partnership with Workday to integrate its advanced supplier insights with Workday Strategic Sourcing and Workday Contract Lifecycle Management (CLM). This partnership enables Workday Spend Management customers to leverage AI for faster, better-informed supplier decisions while automatically flagging redundant purchases before they happen.

Teem automates the research and analysis that traditionally consumes weeks of manual effort for enterprise procurement teams:

Category Management: Consolidates contracts, evaluations, and market research into an evidence-backed view complete with spend breakdowns, renewal calendars, and actionable recommendations to “Invest”, “Tolerate”, ”Migrate” or “Eliminate”.

Supplier Discovery: Turns plain-language requests into structured recommendations by checking what a company already owns, then ranking qualified market alternatives through side-by-side comparisons.

Customers have used these capabilities to reduce redundant software spend by 20% to 35% and cut sourcing cycle times in half.

The integration with Workday Strategic Sourcing and Workday CLM allows existing Workday customers to experience the power of Teem's supplier intelligence in a turnkey way. Supplier and contract context flows directly from Workday into Teem, so recommendations reflect the supplier base a customer already has, with no manual data loading required.

In addition, Workday Strategic Sourcing integration leverages Teem data to help power supplier discovery and cost deflection use cases directly. The cost deflection use case helps prevent bad spend from happening in the first place by analyzing new purchase requests and upcoming renewals against the capabilities that already exist within a company's supplier catalog, flagging overlap before a new purchase is made.

As a Workday Partner, Teem will bring to the Workday ecosystem:

• AI-powered supplier research and discovery at the front of the sourcing process, surfacing qualified suppliers against both the existing supplier base and the broader market.

• Cost deflection guardrails that flag what a company already owns before it buys something new, helping cut redundant tools and overlapping spend.

• Category management intelligence, including portfolio analysis, application rationalization, and data-backed recommendations to reduce total cost of ownership.

• Faster, data-backed evaluations through side-by-side product comparisons and stakeholder surveys that capture requirements without a heavy RFx.

"Procurement teams are being asked to control costs and move faster at the same time, and the answer is not more manual analysis," said Ben Mappen, founder and CEO of Teem. "By connecting Teem with Workday Strategic Sourcing and Workday CLM, joint customers can see what they already own, discover the right suppliers in minutes instead of weeks, and stop redundant spend before a purchase order is ever created. Workday runs the systems where supplier decisions happen, and that makes it the natural place for this intelligence to live."

Teem will host a session at Workday Rising, Oct. 12-15 in Las Vegas: "Turn Supplier Intelligence into Savings with Workday Strategic Sourcing and Teem." Registration is open at rising.workday.com.

About Teem

Teem is an AI-native procurement intelligence platform that helps enterprises automate category management, supplier discovery, and vendor consolidation. Teem's agentic AI delivers instant insight across business fit, product overlap, and supplier capabilities, so procurement teams can make faster, smarter decisions and eliminate redundant spend. Teem is headquartered in San Diego. Learn more at www.teem.finance.

Fonte: Business Wire