Vendorful Pricing, Features, Reviews & Comparison of Alternatives

Vendorful

Sourcing and Vendor Management Made Easy

5.0/5 (2 reviews)

Vendorful overview

What is Vendorful?

Vendorful offers a vendor lifecycle management solution for organizations of all stripes and sizes, from SMB to Enterprise. The tools are designed to increase collaboration and transparency while boosting ROI. Vendorful is a standalone SaaS product delivered via public or private cloud. In addition, it can be integrated into existing procurement software stacks, allowing organizations to drive more return on their existing investment.

Vendorful's core modules include:
eRFX -- point-and-click drafting, issuing, and evaluating of RFP/RFI/RFQ. This module is collaborative, featuring real-time chat and a multi-user planner. It also works with an organization's existing category management structure, has a templating system, supports both qualitative and pricing analyses, and leverages "blind" evaluation to minimize bias.

Reverse Auctions -- create a reverse auction in a few mouse clicks, setting the auction type and desired parameters. These events are run in real-time and all computer clocks are automatically synchronized for fairness.

Vendor/Supplier Management -- load in your existing supplier database or start from scratch. Determine which attributes you want to track and invite vendors to self-onboard by submitting this information through the web portal. Create and issue surveys to stakeholders to generate scorecards to measure supplier performance.

Contracts Administration & Lifecycle Management -- store and manage contracts quickly and easily. Built-in support for e-signatures. Sort and manage contracts based on criteria specified by your organization. Expiration and renewal reminders are automatically sent to stakeholders.

Vendorful can be accessed via the public cloud, hosted in a private cloud, or even deployed on premises. It boasts 256-bit encryption in transit and at rest.
www.vendorful.com

Pricing

Starting from
$1000/month
Pricing options
Free trial
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Australia, United Kingdom

Supported languages

English
Vendorful screenshot: Keep on task with your dashboard, which shows you the lay of the land and your actionable items.Painless RFPs with VendorfulVendorful screenshot: Set up the basic parameters of your RFP. Leverage chat and a collaborative planner to engage colleagues and build consensus.Vendorful screenshot: With support for real-time collaboration with colleagues, integrated templates, and robust importing features, you can build your RFX questionnaire with quickly and easily. Vendorful screenshot: The centralized system can be accessed and viewed across multiple devicesVendorful screenshot: After running an RFx, you can look at a visual breakdown of the evaluation criteria.Vendorful screenshot: You can set up a reverse auction in minutes with our intuitive point-and-click interface. Decide on the auction style, number of lots, quiet time and more.Vendorful screenshot: Get some popcorn and watch the bidding process as multiple suppliers compete to win your business.Vendorful screenshot: Manage all of your organization's contracts here; run reports, sort based on criteria, and automatically receive notifications in advance of expirations and renewals.Vendorful screenshot: Your vendor cockpit. Manage any and all vendor data that you want to capture, e.g. address, W-9s, certificates of insurance, MWBE status, etc. Synchronize spending and see how it correlates with vendor performance metrics.Vendorful screenshot: Build and automatically distribute supplier performance surveys to stakeholders to generate real-time scorecards for your vendors.

Vendorful reviews

Excellent
2

Very good
0
Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  5.0
  5.0
  5.0
  5.0
Ernesto Lozano

Procurement Teams Need Vendorful

Used daily for 6-12 months
Reviewed 2019-03-05
Review Source: Capterra

The overall use of the software and integration into our procurement process has been seamless. The customer support team is amazing and just an email away with immediate support. Unlike I've seen on any other platform.

Pros
The software is easy to use - literally add water and shake! The Vendorful software is primarily used in our vendor management, supplier diversity program and small business program. The platform was reviewed by an ISO auditor and External auditor while auditing our procurement system. Both gave Vendorful high marks for organization, data collection, reports and vendor management. Thus leading to ISO certification and passing our audit.

Cons
Our team hasn't come across anything that we don't like or needs to be improved.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Brion Bonkowski

Vendorful Made my RFP Process Painless

Reviewed 2016-10-17
Review Source: Capterra

Vendorful Makes RFPs Painless We recently used Vendorful to run an RFP for a major initiative. Nobody likes running RFPs, but when done right, they can be really valuable in finding the right vendor. In any case, our point of contact at Vendorful assured us that the process would be painless. I'm delighted to say that he was right. We were able to submit our RFP to 20 vendors and have each stakeholder on our team score the responses independently, right in the Vendorful app. Ultimately, we were able to find the RIGHT vendor for our needs. And as we were promised, getting there was painless. All of us who participated in issuing the RFP were pretty blown away that we could get so much value out of a free product.

Pros
PROS Very responsive to our needs; made improvements to the product very quickly Simplifies a really complicated process Free

Cons
CONS A bit rough around the edges (we used a beta version of the product)

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Vendorful pricing

Starting from
$1000/month
Pricing options
Free trial
Subscription
View Pricing Plans

Starting at $1000 per month and scaling with needs and size of your organization.

Vendorful features

API

Activity Dashboard (549 other apps)
Activity Tracking (322 other apps)
Audit Trail (306 other apps)
Auditing (353 other apps)
Automatic Notifications (508 other apps)
Billing & Invoicing (291 other apps)
Compliance Management (370 other apps)
Customizable Reporting (400 other apps)
Data Import/Export (380 other apps)
Document Management (302 other apps)
Document Storage (305 other apps)
Inventory Management (408 other apps)
Inventory Tracking (322 other apps)
Monitoring (294 other apps)
Real Time Data (332 other apps)
Real Time Reporting (284 other apps)
Reporting & Statistics (498 other apps)
Third Party Integration (409 other apps)
Workflow Management (409 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Videos and tutorials

Additional information for Vendorful

Key features of Vendorful

  • Sourcing management
  • Supplier qualification
  • Collaboration
  • RFQ
  • RFI
  • RFP
  • Task notifications and reminders.
  • Manage onboarding, expiry, and renewal with ease.
  • Find and load vendors, previous RFPs, and more.
  • 256-bit data encryption
  • Capture, verify, and refresh supplier data.
  • Assign tasks with due dates to colleagues.
  • Create, manage, and use templates.
  • Monitor and evaluate vendor responses.
  • Built in presence and real-time chat.
  • Create template, set cadences & automate your evaluations.
  • Unbiased apples-to-apples comparisons.
  • Draft RFPs collaboratively with point-and-click simplicity.
  • Set deadlines and sync them with your calendar.
  • Granular ad hoc and application-wide permissions.
  • Track KPIs for individual vendors and across your portfolio.
  • Manage users via existing SSO or in Vendorful directly.
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Benefits

Streamline your RFP/RFQ/RFI processes to drive better outcomes and stronger ROI.

Negotiate more quickly and effectively by leveraging reverse auctions.

Keep up-to-date with your suppliers with auto-scheduled data updates and custom scorecards.

Track and manage contracts through expiration and renewal.

Get a holistic understanding of your vendors; Vendorful ties together spend data, sourcing event info , scorecards, contracts, and more so you can optimize your decisions quickly.