Vendorful: Vendor Analysis — Solution overview and SWOT

Just after suite providers claimed victory in the sourcing software arena for the value and optionality of combining integrated source-to-contract and source-to-pay capabilities, a backlash occurred. Many upstart sourcing provides, including ScoutRFP, Keelvar, Market Dojo and EC Sourcing, saw new customer acquisition growth that is at least on par with, if not increasing faster than, suites themselves.

Within this mix, we can add a “new” software firm to the mix. This sourcing provider is Vendorful, which now offers an RFX and reverse auction solution for middle-market companies that want to embark on — or accelerate — their RFX and reverse auction strategic sourcing journey. Vendorful rounds out these capabilities with basic supplier information management and contract tracking. Primary competitors include EC Sourcing, Keelvar, Market Dojo and ScoutRFP, although Vendorful differentiates itself from the market through its ease-of-use and user design.

This Spend Matters PRO Vendor Introduction offers a candid take on Vendorful and its capabilities. It includes an overview of Vendorful’s solution set, a perspective on what is comparatively good (and not so good) about the solution, a SWOT analysis and a selection requirements checklist for organizations that might consider the provider.