Want smarter sourcing?
With Vendorful eliminating much of the manual overhead, you are empowered to pursue strategic sourcing like never before.
eRFX
Creating RFPs, RFIs, and RFQs are mere button clicks away. We’ve taken the traditional RFx process and turned in on its head, making it simpler and more robust. Ramp up stakeholder engagement with real-time collaboration features like Team Chat and RFx Planner. Stay connected with suppliers using a self-contained email system. And use a suite of evaluation tools to support apples-to-apples comparisons.
Reverse Auctions
Turn 30 days of phone calls into 30 minutes of bidding. Create a reverse auction in minutes and invite buyers to bid for your business. Multiple auction formats are available, supporting real-time bidding on one or more line items. With an intuitive interface and support for different auction types, you can lock in savings and drive value faster than ever before.
Contracts
Simplify contracts administration and lifecycle management. Gather all of your contracts — whether sourced through Vendorful or not — and upload them into the application. Configure start and end dates, auto-renew and termination provisions, and get notifications and reminders. Track spend through custom criteria that map specifically to your organization’s requirements and simply execution with turnkey e-signature integration.
Vendor Management
Keep your vendor data up to date while discovering new vendors on the same platform. Collect the data that you need, specific to your organization’s requirements and vendor vertical. Track your history with existing suppliers and find new ones that meet your criteria. Whether you want to generate a list of your preferred suppliers or promote a Supplier Diversity initiative, you are merely away in Vendorful.
Are you wasting time and money due to an ineffective sourcing process?
Relying on an ineffective sourcing process can lead to miscommunication, poor/unknown ROI or purchases of products and services that do not align with your business goals. Implementing RFP management software will:
- Ensure all of your information is centralized and organized, allowing everyone in the process to have access to the data and documents they need — in a single location.
- Make it easy for team members across the organization to participate in the process, driving increased stakeholder engagement and therefore better outcomes.
- Save time and money stakeholders need to invest in the RFP process.
Check out the Essential Guide to Understanding the RFP Process
The Request for Proposal, or RFP, is a cornerstone of the sourcing process. Our comprehensive guide walks you through the steps to issue one, challenges you might face, and suggestions for improving your RFP process.