Vendorful provides deep visibility into vendor performance, engagement, and costs, inside an easy-to-use suite of tools to optimize your supply base. The solution provides procurement and finance teams with real-time insights into how effective they are spending their money with suppliers.
- Identify opportunities to boost value with real-time insights into supplier spend and performance that pinpoints areas to uncover increased savings.
- Run competitive bidding events to realize those opportunities by putting suppliers into competition via sourcing events.
- Use data management to streamline data approvals.
- Vendor Management: Onboard, and manage your vendors/suppliers and all their key information.
- Performance Scorecards: Automate scorecarding to track supplier performance on the metrics that matter to you.
- Contracts Administration: Store your contracts, associate them with custom metadata and set up reminders.
- eRFX: Leverage e-Sourcing to run RFP, RFI, RFQ, and other sourcing events.
- Reverse Auctions: Drive savings while delivering transparency to your suppliers through reverse auctions.
- Sourcing Pipeline: Identify savings opportunities, track your progress, and measure your effectiveness