Vendorful

Vendorful

Sourcing and Vendor Management Made Easy

5/5 (2 reviews)

Vendorful Overview

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.

Pricing

Starting from
US$1 000,00/month
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

Australia, United Kingdom, United States

Supported Languages

English

Vendorful Reviews

Overall rating
5/5
100% positive reviews
2
Excellent
0
Very good
0
Average
0
Poor
0
Terrible
Ernesto L.

Procurement Teams Need Vendorful

Used Daily for 6-12 months
Reviewed on 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
Customer Support

Likelihood to recommend

10.0/10
Brion B.

Vendorful Made my RFP Process Painless

Reviewed on 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
Customer Support

Vendorful Pricing

Starting from
US$1 000,00/month
Pricing options
Free Trial
Subscription
Value for money

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

Vendorful Features

  • API

  • Activity Dashboard
  • Activity Tracking
  • Audit Trail
  • Auditing
  • Automatic Notifications
  • Compliance Management
  • Custom Fields
  • Customizable Reporting
  • Data Import/Export
  • Document Storage
  • Inventory Management
  • Inventory Tracking
  • Invoice Management
  • Monitoring
  • Real Time Data
  • Real Time Reporting
  • Reporting & Statistics
  • Third Party Integration
  • Workflow Management

Additional information for Vendorful

Key features of Vendorful

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

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.
  • Vendorful FAQs

    Below are some frequently asked questions for Vendorful.

    Q. What type of pricing plans does Vendorful offer?

    Vendorful offers the following pricing plans:

    Starting from: US$1 000,00/month

    Pricing model: Subscription

    Free Trial: Available

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

    Q. What are the main features of Vendorful?

    Vendorful offers the following features:

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

    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. What type of pricing plans does Vendorful offer?

    Vendorful has the following pricing plans:

    Subscription

    Q. Does Vendorful support mobile devices?

    We do not have any information about what devices Vendorful supports

    Q. What other apps does Vendorful integrate with?

    Vendorful integrates with the following applications:

    Sertifi

    Q. What level of support does Vendorful offer?

    Vendorful offers the following support options:

    Online Support, Phone Support