K2 Sourcing Platform
6.9#3 in sourcing softwareAndroidiOSWeb
VisitK2 Sourcing Platform vs ProcurePulse Strategic Sourcing
ProcurePulse Strategic Sourcing
6.7#5 in sourcing softwareAndroidiOSWebAPI
VisitWhat both publish
| Fact | K2 Sourcing Platform | ProcurePulse Strategic Sourcing |
|---|---|---|
| Deployment | The company describes the product as cloud based with no software installation or implementation project for managed-service users. | The product supports cloud SaaS, on-premise and hybrid deployment; on-premise installations use Java/Spring Boot with SQL Server or PostgreSQL. |
| Founded | 2003 | 1999 |
| Mobile support | A 2015 product upgrade enabled participation and event administration through iOS and Android smartphones and tablets. | The Flutter mobile app supports iOS 14+, Android 8+, macOS 12+ and offline workflows for audits, goods receipts and transfers. |
| Purpose | The Cloud Source eSourcing platform helps procurement teams run RFPs, RFQs, RFIs, reverse auctions, and supplier onboarding. | Strategic Sourcing manages RFQs, reverse auctions, quote comparisons, and supplier shortlisting, with award data flowing into contract management and procurement. |
| Reverse auctions | The platform lets suppliers bid against one another in real time and supports auction prequalification. | Vendors can participate in real-time reverse auctions, with bid history and floor-price controls. |
| Security | K2 Sourcing states that the application is encrypted, password protected and hosted on a SOC 2 compliant server. | The security page states that sensitive data is encrypted at rest with AES-256 and data in transit uses TLS 1.2 or higher. |
K2 Sourcing Platform plans
- Customized subscription planPriced on request
- Custom subscriptionPriced on request
ProcurePulse Strategic Sourcing plans
- EnterprisePriced on request
- ProfessionalPriced on request
- StarterPriced on request
Pick K2 Sourcing Platform if…
It is intended for procurement and strategic sourcing professionals, including teams in small businesses and large corporations. It also accommodates suppliers invited to online sourcing events.
Pick ProcurePulse Strategic Sourcing if…
It suits procurement teams that run RFQs or reverse auctions and need supplier checks, bid comparisons, and award handoff. Organizations evaluating it can use a tailored proof of concept; the stated evaluation period is usually 2–3 weeks.