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.
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.
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.
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.
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)
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.
FAQs for Vendorful
Below are some frequently asked questions for Vendorful.
Q. What type of pricing plans does Vendorful offer?
Vendorful has the following pricing plans:
Starting from: $1000.00/month Pricing model: Subscription Free Trial: Available (No Credit Card required)
Q. Who are the typical users of Vendorful?
Vendorful has the following typical customers:
Large Enterprises, Mid Size Business, Non Profit, Public Administrations
Q. What languages does Vendorful support?
Vendorful supports the following languages:
English
Q. Does Vendorful support mobile devices?
Vendorful supports the following devices:
We do not have any information about what devices Vendorful supports
Q. Does Vendorful offer an API?
Yes, Vendorful has an API available for use.
Q. What other apps does Vendorful integrate with?
Vendorful integrates with the following applications:
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