Vendorful vs. Excel

Vendorful

vs.

Microsoft Excel

Finance professionals swear by it. Management consultants live in it. And procurement teams everywhere have been stuck with it. Microsoft Excel is simultaneously an amazingly powerful tool and the bane of many people's existence. Our view? Excel is an incredible piece of software. It can be used in many different industries and for a variety of different purposes, including data analysis for procurement teams. That said, it's not purpose built for strategic sourcing and vendor management. And so much of what those processes entail involves more than rote numerical analysis.

Vendorful "plays nicely" with Excel, offering seamless import and export in many modules. Having said that, we think Excel functions best as a complementary tool rather than the platform of record for procurement.

Features

Vendorful
Microsoft Excel

Strategic Sourcing/RFX issuance automation

RFX response automation

Reverse Auctions

Strategic Sourcing Pipeline

Intake

Due Diligence/Compliance Questionnaires

Vendor/Supplier discovery

Vendor/Supplier Information Management

Vendor/Supplier Performance Management (Scorecarding)

Reporting

Spend Capture and Analysis

Contract Lifecycle Management

Strategic Sourcing Checklist

Learn more

Don't see what you need? Need a platform demo? Contact us so we can chat about options, and help you get the most out of our platform.