"With a simplicity and intuitiveness analogous to popular applications like gmail, Vendorful became a client favourite, particularly after on the company responded to clients’ suggestions to launch contracts administration and lifecycle management, vendor management, and reverse auctions." Read more....
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Improve Sourcing Outcomes
- Run your RFPs like the Six Million Dollar Man: better, stronger, faster.
- Track current spend, budgeted spend, and savings by sourcing event.
- Reduce costs by having vendors compete for your business in reverse auctions.
Administer Contracts
- e-Sign and store your contracts.
- Set up custom metadata to organize and track agreements.
- Get automated reminders in advance of contract expiration and/or renewal.
Jeff Nord
VP-Global Procurement,
Qurate Retail Group
The flexibility, customer focus, and speed is unlike anything we’ve seen with other third party service provider.
Manage Vendor Data
- Store and renew documents, metadata, and key details for all of your suppliers/vendors.
- Measure and track vendor performance with scorecards.
- Monitor spend, contracts, and performance inside a single, easy-to-use interface.
Reduce Risk
- Build templates for Security Questionnaires, Due Diligence Questionnaires, and more.
- Issue and manage questionnaires to measure supplier risk.
- Store certificates of insurance, SOC-2 reports, and other key documents.
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