Cool Procurement Company

Cool Procurement Company Named "Cool Vendor" by Leading Analyst Firm, Gartner.

Vendors selected for the “Cool Vendor report” are Innovative, Impactful and Intriguing. in 2008, Source One was recognized for its accomplishment of bringing the world’s only completely free electronic sourcing tools to the marketplace. provides free e-sourcing tools including RFX management, Reverse Auctions, and stores. Both procurement professionals and suppliers alike can use the tools free of charge.

March 27th, 2008 – Willow Grove, PA:

Source One and have been included in the list of “Cool Vendors” in the “Cool Vendors in Procurement and Finance, 2008 report by Gartner, Inc. The report was authored by Debbie Wilson and Nigel Rayner and was published March 25, 2008.

The sourcing and contract management toolset was developed by Source One Management Services, LLC.
The toolset offers free electronic procurement tools such as RFX, Reverse Auction & Contract Management for buyers and free commerce tools such as basic online stores for suppliers.
The report issued by Gartner “profiles several small vendors that are delivering narrow-scope but highly innovative solutions.”

“Our goal with WhyAbe was to disrupt the market for procurement tools. In my opinion, inclusion in the Gartner report will get businesses to take notice that there are viable alternatives to the large established software vendors”, said Steve Belli, CEO of Source One.

Organizations that would like to experiment with sourcing technology can use WhyAbe to determine what works for them and what doesn’t.
Companies with limited applications budgets can take advantage of WhyAbe, without any up front expenditure.
WhyAbe offers a buyer and supplier network as opposed to the social network offered by Facebook. and Source One have had many inquiries from businesses discovering Reverse Auctions and electronic Request for Proposal Management.” Explains Steven Belli, CEO Source One.
Unlike any other tool or website,, requires no financial investment from buyers or suppliers. Most e-sourcing platforms require a large ramp-up period and/or a large deployment budget often mitigating any cost savings opportunities. WhyAbe is specifically designed to allow procurement professionals to do more in less time than conventional e-sourcing platforms. Buyers can easily monitor all of their activity through WhyAbe’s Dashboard, which provides the history of all activity for all projects.
This is especially important for companies that are attempting to obtain Sarbanes Oxley compliance. is an automated collaborative marketplace that can be used by any organization in any industry.
Registering and using the site is free. Obtaining value from WhyAbe is instant. There is no software to install or PC’s to configure. A computer equipped with the latest version of Internet Explorer or Firefox provides immediate access to the comprehensive and user friendly tool. WhyAbe provides the tools necessary for procurement professionals as well as retail buyers to control costs, manage performance, ensure compliance and quickly deliver value.
WhyAbe was designed so users would have a quick learning curve, and recognize benefits immediately.

About Gartner’s Cool Vendors Selection Process

Gartner’s listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.

Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn’t do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner’s interest or curiosity in approximately the past six months.

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About is the first and only completely free set of procurement tools available on-demand over the web. WhyAbe provides free tools to manage RFXs, Reverse Auctions, Contracts, Supplier Search, and Stores for suppliers. provides simple easy-to-use free strategic sourcing, tools for procurement professionals. For more complex spend categories, Source One offers resources to supplement your strategic sourcing initiatives. The features and enhancements to the procurement toolset are developed based on user requests and are updated regularly.

Strategic Sourcing AwardsSince our inception in 1992, Source One has been a recognized and award winning procurement consulting firm that has produced hundreds of millions of dollars worth of cost savings for our customers. Please take a moment to review some of our industry recognitions.