Substly vs. Vendr

For small and mid-sized corporations that wants a better overview without too much hassle in setting up a complex system, Substly is great! Also Substly has made budgeting easier for us and helped us improve our offboarding processes. If you are looking for a SaaS management tool with integrations to every vendor on earth, there might be other solutions that would fit your scope better.

My experience with Vendr has overall been quite good; they are invested in making sure their companies get the best possible discount and I appreciate both the money and time save they provide for me. Be aware that, while they will support any software spend over $5K, there are certain products (like Notion and Slack) that, unless you are a much bigger company, they will not be able to secure you savings on. There are also the occasional company that will not work with Vendr, though this is the exception, not the rule.

Incentivized

• They are very good at managing the contracting process.
• They are vigorous defenders of our company interests
• They work well with keeping internal stakeholders advised of negotiations and action items.

Incentivized

• I would love to have more access to the data insights they're using in terms of pricing benchmarks.
• As we utilize a different software to manage workflow spend approval, it would be ideal if Vendr could expand their systems in that way.
• Notes on contract preferences seem to be very manually maintained, which can result in occasional oversights.

Incentivized

Vendr is very closely aligned feature wise with Tropic. The main separation between the two is that Tropic provides more workflow tools and pricing insights while Vendr has come in at a lower price point as compared to Vendr.

Incentivized

• They have generally been a time saver from a Procurement point of view
• I have learned a great deal about negotiating tactics and leverage from them.
• They save us contract money!

Incentivized