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Vendorful Pricing, Features, Reviews and Alternatives

Vendorful product 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.

Key benefits of using Vendorful

  • 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.
  • Typical customers

    Freelancers
    Small businesses
    Mid size businesses
    Large enterprises

    Platforms supported

    Web
    Android
    iPhone/iPad

    Support options

    Email/Help Desk
    Chat
    Phone Support

    Training options

    Live Online
    Webinars
    Documentation
    In Person

    Vendorful pricing information

    Value for money

    5.0

    /5

    5

    Price starts from

    No info

    Pricing options

    Free plan
    Subscription
    Free trial
    Pricing range

    Value for money contenders

    Vendorful features

    Functionality

    4.8

    /5

    5
    Total Features17 4 categories

    Most valued features by users

    API
    Access Controls/Permissions
    Global Sourcing Management
    User Management
    Search/Filter
    Reminders
    Supplier Web Portal
    Sourcing Management

    Functionality contenders

    Vendorful users reviews

    Overall rating

    4.8

    /5

    5

    Positive reviews

    100%

    Write a review
    Rating breakdown
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend9/10
    Rating distribution

    5

    4

    3

    2

    1

    4

    1

    0

    0

    0

    Overall rating contenders

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend10/10

    Share this review:

    Customization to fit your needs

    Reviewed a year ago

    The customer service is above and beyond. [SENSITIVE CONTENT HIDDEN] has been a tremendous help in making our vision come to life and we couldn't be happier.

    Pros

    As one of the first users to help Vendorful begin it's business, I think it was great working together to have Vendorful fit to the needs of our business. At first we needed Vendorful for vendor ratings and management, and the platform has grown to fit other needs within our department as well as others in the company.

    Cons

    Maybe I would say that Vendorful has changed to implement other companies' needs, which is great but sometimes without awareness, features were changed without us knowing. So sometimes we would go in and we would realize things were different and we had to play around the system to figure it out. Also, sometimes when we would ask for an update in one feature, it would affect another function. Not always bug free but it was doable.

    Vendor response

    Thank you for the feedback, Marlene. We are adding a menu item in the application that will provide details around the new features we've rolled out. That should make all the additional functionality less of a surprise when you see it.

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend9/10

    Share this review:

    Ground Up Vendor Management Tool

    Reviewed a year ago

    Our overall experience with Vendorful was VERY positive. This was not "out of the box" ready for our use when we got started. However, we knew that and both C&F and Vendorful were in it to make it meet our needs.

    Pros

    What we liked most about the software was the ability to be flexible, and the willingness that was always displayed in getting us what we needed and found most useful. The team at Vendorful was always helpful, worked hard to understand what we wanted and delivered.

    Cons

    We were an "early" user of this software, and it did not have "model" in play yet for insurance vendor purposes. While a lot of what they had was transferrable, we all needed to work hard to make it happen. This was a bit time consuming, ---worth it, but time consuming.

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend7/10

    Share this review:

    Flexible and Intuitive

    Reviewed a year ago

    In addition to just helping with a sourcing Vendorful has made Savings Tracking easier, which allows me as a manager track how each person on my team is trending toward their goals, as well as how the team overall is trending to the team goal. Another item I liked regarding Vendorful is the Project Management WorkFlow module. The abilty to create internal process workflows helps reduce email traffic, and allows us to focus on getting the task complete vs trying to find the email request.

    Pros

    I have been using the tool for a few years now and I have really enjoyed how flexible and intuitive the tool is for me. I have the ability to copy previous events, utilize a bank of questions from templates, and select previously invited suppliers to invite without having to search through my email or spreadsheet for their contact information. Additionally, I really enjoy the ability to track what step the supplier is currently on in the RFP. Before I would have to assume the supplier received the email and had no way of confirming the supplier actually received the RFP documents.

    Cons

    It it tough to pick out what is missing since the tool does check a lot of boxes for me, but if I had to pick one it would be robust modeling capabilities. There are some categories that have numerous items and a large supplier base, so the ability to conduct robust modeling is key. We currently conduct the modeling outside of the tool and the Advantages of this tool outweighs missing the robust modeling component.

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend10/10

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    Procurement Teams Need Vendorful

    Reviewed 3 years ago

    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.

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support

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    Vendorful Made my RFP Process Painless

    Reviewed 5 years ago

    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)

    Vendorful FAQs and common questions

    Vendorful has the following pricing plans:
    Pricing model: Subscription
    Free Trial: Available


    Vendorful has the following typical customers:
    Large Enterprises, Mid Size Business, Non Profit, Public Administrations, Small Business


    Vendorful supports the following languages:
    English


    Yes, Vendorful has an API available for use.


    Vendorful integrates with the following applications:
    Sertifi


    Vendorful offers the following support options:
    Email/Help Desk, Chat, Phone Support

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