Vendr helps you be a better spender!
Use Cases and Deployment Scope
We utilize Vendr for software contract and negotiation and to a lesser extent, to give us insights on market rates for particular software spend we're looking to pursue. Given the time needed for Vendr to negotiate, we typically use them for renewal contracts or new software that internal stakeholders are otherwise unfamiliar with.
Pros
- 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.
Cons
- 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.
Return on Investment
- 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!
Alternatives Considered
Tropic
Other Software Used
Airbase, Zip Intake-to-Procure, Brex
