Vendorful
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In Their Own Words: Vendorful
Vendorful is a leader in Vendor Value Management. We help organizations answer the question, “How much value am I getting from my supply base?” Spanning the entire lifecycle, the platform streamlines the process of sourcing, onboarding, maintaining data, and gathering key value metrics. 50% of CPOs claim that they have little to no visibility into their Tier 1 suppliers — a situation that only gets worse with Tier 2 and Tier 3 suppliers. Vendorful’s cloud-based SaaS platform addresses this problem, putting all key supplier data at the fingertips of procurement and finance teams.
The platform marries point-and-click simplicity with enterprise-class features (e.g. SSO, encryption in transit/at rest, and more). Vendorful’s robust set of APIs allows for tight integration with ERP and P2P systems, keeping data in sync, and enabling presentation of this data via a “single pane of glass.” This information can then be leveraged directly through the platform, which supports real-time collaborative sourcing events, reverse auctions, contract execution, corrective action plans, as well as completely bespoke processes.
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