Vendorful vs Scout RFP

Scout RFP, now a Workday company, was probably the most prominent software startup in strategic sourcing and established itself as an early leader in the space. In terms of features, Vendorful has a lot in common with Scout RFP. Scout clearly views the world similarly when it comes to the tools that modern organizations need to not just select vendors but manage vendors, and also to provide visibility into future, present and past sourcing opportunities.

While there are definitely similarities, there are significant differences too. Below, you’ll see the high-level breakdown largely appears to be a one-to-one match. However, if you dive into the products, you’ll see the Vendorful functions a bit differently as both a product and a company:

  • Vendorful was built on a “customer-driven development” approach so our customers directly influence the technical direction of our product.
  • We take a more “lego-style” view of our product. This means layers of customization around things like metadata, configuration, etc. so you can align your use of Vendorful with your organization’s best practices and policies.
  • Our platform was built, from the ground up, on a rich set of APIs. These allow Vendorful to complement existing systems and drive more ROI on those investments rather than requiring a “rip-and-replace” discussion.
  • Vendorful is powered by a real-time collaboration. Text chat, built-in videoconferencing, and real-time, multi-user document editing are all natively supported.

Vendorful vs Scout RFP

Scout RFP, now a Workday company, was probably the most prominent software startup in strategic sourcing and established itself as an early leader in the space. In terms of features, Vendorful has a lot in common with Scout RFP. Scout clearly views the world similarly when it comes to the tools that modern organizations need to not just select vendors but manage vendors, and also to provide visibility into future, present and past sourcing opportunities.

While there are definitely similarities, there are significant differences too. Below, you’ll see the high-level breakdown largely appears to be a one-to-one match. However, if you dive into the products, you’ll see the Vendorful functions a bit differently as both a product and a company:

  • Vendorful was built on a “customer-driven development” approach so our customers directly influence the technical direction of our product.
  • We take a more “lego-style” view of our product. This means layers of customization around things like metadata, configuration, etc. so you can align your use of Vendorful with your organization’s best practices and policies.
  • Our platform was built, from the ground up, on a rich set of APIs. These allow Vendorful to complement existing systems and drive more ROI on those investments rather than requiring a “rip-and-replace” discussion.
  • Vendorful is powered by a real-time collaboration. Text chat, built-in videoconferencing, and real-time, multi-user document editing are all natively supported.

Features

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)

Quantitative Performance Analysis and KPI Attainment

Reporting

Spend Capture and Analysis

Contract Lifecycle Management

Features

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)

Quantitative Performance Analysis and KPI Attainment

Reporting

Spend Capture and Analysis

Contract Lifecycle Management