Vendorful Pricing, Features, Reviews and Alternatives

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.

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.

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.

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.

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.

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.

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.

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.

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

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

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