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Vendor Management Software

Businesses need to deal with several vendors that can include raw material providers, transportation & shipping service providers. Finding the right vendors that can provide quality products and services, and maintaining the best relationship with them is extremely important for the business's growth. In that case, having a streamlined vendor management process is required, and several companies these days use vendor management software.

What Is Vendor Management Software?

A vendor management system can help you streamline the vendor acquisition process, communicate and collaborate with the vendors, evaluate their performance, and manage relationships with them. Some key features of vendor management tools include vendor database management, activity and communication log manager, payment integration, a self-service portal, and performance metrics.

How to Select the Best Vendor Management Software?

Finding the vendor management tool that suits your business can be a challenging task. Goodfirms has come up with an intricately curated list of vendor management software with their detailed information and authentic customer reviews, that can help you pick the best vendor management solution.

Goodfirms conducts a thorough review and verification process before including any company in the listings. Some listings may involve fees. [How Goodfirms ensures trust]
Rankings updated: Dec 31, 2025
103 Software

List of The Best Vendor Management System

  • FlentisPRO VMS

    5.0 4 Reviews Verified

    FlentisPRO VMS is a cloud-based SaaS platform that helps mid-size and large enterprises streamline contingent workforce management. Designed with agile methodologies, it delivers end-to-end talent management for pan industries including healthcare, retail, ... read more about FlentisPRO VMS

    FlentisPRO VMS Reviews

    Great web application for automating recruiting process reviewed by: Abhinav Bhardwaj
    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    100% in Vendor Management Software

    Features
    • Contract Management
    • Cost Control
    • Document Management
    • Expense Management
    • Performance Tracking
    • Operations Management
    • Security & Control
    • Staff Management
    • Vendor Portal
    • Workflow Management

    Key Details
    Industries
    • Biotechnology
    • Civil-engineering
    • Electrical-electronic-manufacturing
    • Hospital-health-care
    • Human-resources
    • Information-technology-services
    • Mechanical-or-industrial-engineering
    • Medical-device
    • Retail
    • Staffing-recruiting
    Licensing & Deployment
    • Proprietary
    • Cloud Hosted
    • Web-based
    Support
    • Email
    • Chat
    • Phone
    • 24x7 Support
    Training
    • Webinar
    • In-person
    • Documentation
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Webinars
    • Infographics
    • Case Studies
    • Whitepapers
    • vendor management system
    • Workforce Management Solutions
    • VMS in Staffing
    • Labor Management System
    • vendor management system in 2024
    • FlentisPRO VMS
    • Healthcare Workforce management
    • Human Resource Management System

    Reviews
    What User‘s Say
    Blessed to be a part of Flentis!
    Raveena Nijjar
    All in one platform for recruitment process
    Nandani Verma
    Excellent Support
    gomez carolina
    Review Summary
    Flentis is a great platform to bring out your skills and put them to the best utilization. I am glad to be a part of the team.
    Raveena Nijjar
    Raveena Nijjar

    Packages
    Pricing Type
    • Contact Vendor
    Preferred Currency
    • USD ($)
    Free Version
    • No
    Payment Frequency
    • Quote Based
    Vendor pricing page Try Software Demo Get Free Trial
    Visit website

  • Latitude Core WMS

    5.0 14 Reviews Verified

    Latitude WMS is engineered to embrace a system’s flexibility required for different distribution models. With real-time control over inventory status, embedded support for RF and Voice, plus the ability to drive warehouse ... read more about Latitude Core WMS

    Latitude Core WMS Reviews

    Latitude WMS reviewed by: David Granger, Director of I.T. at Coburn Supply Co.
    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    33% in Vendor Management Software

    Features
    • Audit Trail
    • Contract Management
    • Cost Control
    • Expense Management
    • Risk Assessment
    • Security & Control
    • Staff Management
    • Vendor Portal
    • Workflow Management

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • On Premises
    • Web-based
    • iPhone/iPad
    • Android
    • Windows
    • Mac
    Support
    • Chat
    • Phone
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Webinars
    • Infographics
    • Case Studies
    • Whitepapers
    • On-Site Training

    Reviews
    What User‘s Say
    Great WMS & excellent support
    Joshua Martin, Software Specialist at Paul B. Zimmerman, Inc.
    WMS
    Pat Fox, Warehouse Manager at Rawson
    Great System and team
    Janice Feilen, Assistant Distribution Center Manager at Ellsworth Adhesives
    Review Summary
    In 2014 we introduced Epicor Eagle as our new ERP system to our business. At the same time we sought out a WMS to work with Eagle to improve our warehouse efficiency and aid in growth opportunities. Latitude provided the tools we needed and had experience integrating with Eagle. They worked with us over several months to get our warehouse ready for going live (bin locations, pick path, bar codes, etc.). When we experienced some difficulties due to our customer integration, they worked very well with us to make sure it was all working right before we went live. When our go live date arrived, they had staff on site to address the inevitable bugs that popped up and to provide hands-on training. We were a little nervous about training on our go-live date, but it worked out great. In fact, the software is so intuitive that, by the end of his first day, a new employee can be working on his own. And it is so quick and easy to use that we have doubled our daily capacity, a feat that would not have been possible without Latitude. Their software support is wonderful, from a simple question about procedure to any problems with coding. Often I will have a response within minutes. They keep after the problem, seeing it through to the end. And they are not bothered by follow-up questions, but are happy to explain things in further details. They are very open about the status of a support case and any pending resolutions. When we are looking to try something new, they provide knowledgeable advice on how best to implement that into our system. They have exceeded my expectations and continue to be a strong partner as we grow our business.
    Joshua Martin
    Joshua Martin, Software Specialist at Paul B. Zimmerman, Inc.

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Payment Frequency
    • Monthly Payment
    • Quote Based
    • One-Time Payment
    Vendor pricing page
    Visit website

  • Tipalti

    4.8 9 Reviews Verified

    Tipalti is the only supplier payments automation solution to streamline all phases of the AP and payment management workflow in one holistic cloud platform. Tipalti makes it painless for accounts payable departments ... read more about Tipalti

    Tipalti Reviews

    Tipalti has eliminated most of our time spent on handling accounts payable operations reviewed by: Nely Mihaylova, Content Executive at Scooter Guide
    Entry Level Price
    $129 Per Month
    Free Trial
    N/A
    Pricing Type
    Flat Rate
    25% in Vendor Management Software

    Features
    • Audit Trail
    • Expense Management
    • Reporting & Analytics
    • Risk Assessment
    • Security & Control
    • Workflow Management

    Key Details
    Industries
    • Banking
    • Financial-services
    • Hospital-health-care
    • Marketing-advertising
    Licensing & Deployment
    • Proprietary
    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android
    • Windows
    • Mac
    • Linux
    Support
    • Chat
    • Phone
    • 24x7 Support
    Knowledge Base
    • Help Guides
    • Video
    • Blog
    • Case Studies
    • On-Site Training

    Reviews
    What User‘s Say
    Tipalti is one of the best vendor management software out there
    Justin Soleimani, Co-founder at Tumble
    Tipalti is a perfect technology that has helped us manage the entire payment process
    Shad Elia, CEO at New England Home Buyers
    Tipalti has automated our entire payment procedure and reduce the amount of physical effort
    Alex Constantinou, Managing Director at The Fitness Circle
    Review Summary

    We Tumble use Tipalti. Through Tipalti’s unique design, any business can easily collect supplier contact information, banking info, and tax details to streamline the AP process. It also automates accounts payables with custom-designed workflows. For those who want their entire vendor payments process automated end-to-end, Tipalti is the best choice.

    Justin Soleimani
    Justin Soleimani, Co-founder at Tumble

    Packages
    Pricing Type
    • Flat Rate
    Preferred Currency
    • USD ($)
    Free Version
    • No
    Payment Frequency
    • Monthly Payment
    Vendor pricing page
    Available Packages
    Standard
    $129 Per Month
    Visit website

  • Dolibarr

    5.0 5 Reviews Verified

    Dolibarr ERP & CRM is an Open Source and free software package to manage companies, freelancers or foundations. We can say Dolibarr is an ERP or CRM. You enable only the feature ... read more about Dolibarr

    Dolibarr Reviews

    Role : Communication officer at ATM Consulting reviewed by: Brengre CHAVANIS, Attachée commerciale et communication at ATM Consulting
    Entry Level Price
    Free version
    Free Trial
    Available
    Pricing Type
    Free
    10% in Vendor Management Software

    Features
    • Contract Management
    • Cost Control
    • Document Management
    • Expense Management
    • Reporting & Analytics
    • Security & Control
    • Vendor Portal
    • Workflow Management

    Key Details
    Industries
    • Marketing-advertising
    • Retail
    Licensing & Deployment
    • Open Source
    • Cloud Hosted
    • On Premises
    • Web-based
    • iPhone/iPad
    • Android
    • Windows
    • Mac
    • Linux
    Support
    • Email
    • 24x7 Support
    Knowledge Base
    • Help Guides
    • Video
    • Blog
    • On-Site Training

    Reviews
    What User‘s Say
    Excellent software for small companies
    Benoit Girardot
    It does the job and more
    Laurent Destailleur, Open Source expert and Manager of Bordeaux agency at TECLIB'
    Use the best
    Nicolas Zabouri, Gérant at Inovea Conseil
    Review Summary
    A great software that ticks all the boxes for me: not expensive, comprehensive functions, solid and stable, can be used easily on Windows, Mac, plus iPad (and iPhone) via Safari. A great tool I use every day for my small company.
    Benoit Girardot
    Benoit Girardot

    Packages
    Pricing Type
    • Free
    Payment Frequency
    • Monthly Payment
    • Annual Subscription
    Vendor pricing page
    Visit website

  • Procurify

    4.7 3 Reviews Verified

    Procurify is reinventing the way organizations spend.Procurify is a spend management software that empowers your team to make better more informed decisions when it comes to company spending.Achieve greater visibility into your ... read more about Procurify

    Procurify Reviews

    Procurify is ease of use, which allows us to manage procurement processes with minimal training reviewed by: Will Ward, Founder at Industry Arabic
    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    25% in Vendor Management Software

    Features
    • Audit Trail
    • Contract Management
    • Expense Management
    • Operations Management
    • Risk Assessment
    • Security & Control
    • Vendor Portal

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    • Windows
    Knowledge Base
    • Help Guides
    • Blogs
    • Case Studies

    Reviews
    What User‘s Say
    Procurify gives you visibility and unparalleled control on your overall spending
    Sean Harris, Managing Editor at FamilyDestinationsGuide
    Procurify is user-friendly, easy to navigate and can be customized to the specific need of the business
    Jeremy Dawes, CEO at Jezweb
    Review Summary

    We FamilyDestinationsGuide use Procurify. It is an end-to-end spend management platform that manages your procurement process and allows you to regain control of your spending. It offers simple, straightforward, and scalable spend management that goes beyond purchase orders and expense process controls. It includes novel features for organizing, allocating, tracking, and reporting all spend-related transactions. Procurify can easily integrate with NetSuite, QuickBooks, Slack, Amazon Business PunchOut, API Connection, and Staples PunchOut to enhance your existing accounting system. Based on your specific workflows, the platform allows you to create multi-level approval flows. To improve turnaround time, push notifications via mobile, email, or Slack are also available.

    Sean Harris
    Sean Harris, Managing Editor at FamilyDestinationsGuide

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Payment Frequency
    • Monthly Payment
    Vendor pricing page
    Visit website

  • Zenwork Payments

    5.0 2 Reviews

    Zenwork Payments is a secure and efficient solution tailored for businesses of all sizes to manage vendor and 1099 contractor payments while ensuring full tax compliance. The platform automates payment workflows, significantly ... read more about Zenwork Payments

    Zenwork Payments Reviews

    Streamlined Payments and Tax Management reviewed by: Taylor Scott, Account manager at SilverLine Enterprises
    Entry Level Price
    Contact vendor
    Free Trial
    30 Days
    Pricing Type
    Per User
    40% in Vendor Management Software

    Features
    • Audit Trail
    • Contract Management
    • Document Management
    • Expense Management
    • Reporting & Analytics
    • Vendor Portal
    • Workflow Management

    Key Details
    Industries
    • Accounting
    • Automotive
    • Building-materials
    • Business-supplies-equipment
    • Construction
    • Consumer-electronics
    • Consumer-goods
    • Consumer-services
    • Events-services
    • Facilities-services
    • Financial-services
    • Hospitality
    • Import-export
    • Individual-family-services
    • Logistics-supply-chain
    • Mechanical-or-industrial-engineering
    • Museums-institutions
    • Nonprofit-organization-management
    • Outsourcing-offshoring
    • Restaurants
    • Retail
    • Supermarkets
    • Textiles
    • Utilities
    Licensing & Deployment
    • Proprietary
    • Cloud Hosted
    • Web-based
    Support
    • Email
    • Chat
    • 24x7 Support
    Training
    • Webinar
    • Documentation

    Packages
    Pricing Type
    • Per User
    Preferred Currency
    • USD ($)
    Free Version
    • No
    Free Trial
    • 30 Days Trial
      (Credit card required)
    Payment Frequency
    • Monthly Payment
    Vendor pricing page Try Software Demo

    Integration
    Integrated With
    • QuickBooks Online
    • QuickBooks Desktop Enterprise
    • Tax1099
    Visit website

  • Gatekeeper

    4.5 2 Reviews

    A simple to use, powerful, AI driven, cloud-based Contract Management solution. Manage Contracts seamlessly, receive alerts of key dates, monitor risk, manage workload and store files and messages, all in one place, ... read more about Gatekeeper

    Gatekeeper Reviews

    Gatekeeper will allow you to flawlessly monitor all of your connections reviewed by: Eric Dalius, Chairman at MuzicSwipe
    Entry Level Price
    $775 Per Month
    Free Trial
    Available
    Pricing Type
    Flat Rate
    50% in Vendor Management Software

    Features
    • Audit Trail
    • Contract Management
    • Cost Control
    • Document Management
    • Expense Management
    • Performance Tracking
    • Risk Assessment
    • Security & Control
    • Staff Management
    • Vendor Portal
    • Workflow Management

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android
    Support
    • Chat
    • Phone
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Webinars
    • On-Site Training

    Packages
    Pricing Type
    • Flat Rate
    Free Version
    • No
    Payment Frequency
    • Monthly Payment
    • Annual Subscription
    Vendor pricing page
    Available Packages
    Standard
    $775 Per Month
    Visit website

  • Beeline

    4.5 2 Reviews

    Beeline is the world's largest independent provider of solutions for sourcing and managing the complex world of contingent labor. Our software helps procurement, sourcing, and human resources professionals optimize costs, reduce risks, ... read more about Beeline

    Beeline Reviews

    businesses can confidently adopt the Direct route in regards to the security reviewed by: Vicky Cano, Chef and Recipe Developer at mealFan
    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    100% in Vendor Management Software

    Features
    • Audit Trail
    • Contract Management
    • Cost Control
    • Document Management
    • Expense Management
    • Performance Tracking
    • Risk Assessment
    • Security & Control
    • Staff Management
    • Vendor Portal
    • Workflow Management

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    Support
    • Phone
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Webinars
    • Infographics
    • Case Studies
    • Whitepapers
    • On-Site Training

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Payment Frequency
    • Quote Based
    Vendor pricing page
    Visit website

  • Vendora

    4.0 2 Reviews

    Vendora is a web-based Vendor Management Software that simplifies business processes and allows create stronger relationships with vendors by collaborating with them in a secure, online environment. • It has features to ... read more about Vendora

    Vendora Reviews

    A good vendor connect tool for procurement users reviewed by: Kamal Unnikrishnan
    Entry Level Price
    Contact vendor
    Free Trial
    Available
    Pricing Type
    Contact Vendor
    33% in Vendor Management Software

    Features
    • Audit Trail
    • Cost Control
    • Document Management
    • Performance Tracking
    • Staff Management
    • Vendor Portal

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android
    • Windows
    • Mac
    • Linux
    Support
    • Chat
    • Phone
    Knowledge Base
    • Help Guides
    • Webinars
    • On-Site Training

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Free Trial
    • Available Trial
    Payment Frequency
    • One-Time Payment
    Vendor pricing page
    Visit website

  • Airbase

    4.0 2 Reviews

    Airbase is the top-ranked modern spend management platform for businesses with 100-5,000 employees. It’s the best way to control spending, close the books faster, and manage financial risk. Airbase software combines accounts ... read more about Airbase

    Airbase Reviews

    The platform has the best customer support and are available any time reviewed by: Chris Nddie, Co-founder and CEO at ClothingRIC
    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    14% in Vendor Management Software

    Features
    • Audit Trail
    • Expense Management
    • Reporting & Analytics
    • Security & Control

    Key Details
    Industries
    • Accounting
    • Banking
    • Financial-services
    Licensing & Deployment
    • Proprietary
    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android
    • Windows
    • Mac
    Support
    • Email
    • Chat
    • Phone
    • 24x7 Support
    Knowledge Base
    • Help Guides
    • Video
    • Blog
    • Webinars
    • Infographics
    • Case Studies
    • Whitepapers

    Packages
    Pricing Type
    • Contact Vendor
    Preferred Currency
    • USD ($)
    Free Version
    • No
    Payment Frequency
    • Annual Subscription
    Vendor pricing page

    Integration
    Integrated With
    • Oracle NetSuite
    • Sage 300
    • QuickBooks Enterprise
    • Xero
    Visit website

  • Promena e-Procurement

    5.0 1 Review

    Leading Provider of Purchasing Software and Consulting, utilizes e-Sourcing methods that creates cost savings, efficiency, control and risk reduction in its clients'​ strategic purchasing activities.The aim of providing high efficiency and effective ... read more about Promena e-Procurement

    Promena e-Procurement Review

    Promena is user friendly and helps us boosting competition, transparency, and efficiency reviewed by: Jamie Irwin, Digital Marketing Expert at TutorCruncher
    Entry Level Price
    Contact vendor
    Free Trial
    15 Days
    Pricing Type
    Contact Vendor
    33% in Vendor Management Software

    Features
    • Audit Trail
    • Cost Control
    • Document Management
    • Expense Management
    • Performance Tracking
    • Vendor Portal

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    • Windows
    Support
    • Phone
    Knowledge Base
    • Help Guides
    • Blogs

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Free Trial
    • 15 Days Trial
    Payment Frequency
    • Monthly Payment
    Vendor pricing page
    Visit website

  • AssurX

    5.0 1 Review

    With decades of expertise built into our quality management and regulatory compliance software platform, AssurX helps companies maintain quality and compliance, streamline workflow, control risk and better manage any enterprise. Our incredibly ... read more about AssurX

    AssurX Review

    AssurX Compliance Management is an incredibly intuitive and secure software for storing and organizing important documents. reviewed by: Melody Vasquez
    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    16% in Vendor Management Software

    Features
    • Audit Trail
    • Document Management
    • Expense Management
    • Performance Tracking
    • Vendor Portal
    • Workflow Management

    Key Details
    Industries
    • Accounting
    • Banking
    • Financial-services
    Licensing & Deployment
    • Proprietary
    • Cloud Hosted
    • Web-based
    • Windows
    Support
    • Email
    • Phone
    • 24x7 Support
    Training
    • Webinar
    Knowledge Base
    • Help Guides
    • Video
    • Blog
    • Case Studies
    • Webinar

    Packages
    Pricing Type
    • Contact Vendor
    Preferred Currency
    • USD ($)
    Free Version
    • No
    Payment Frequency
    • Monthly Payment
    Vendor pricing page Try Software Demo
    Visit website

  • Prokuria

    5.0 1 Review

    Prokuria is easy to customize, fast to start, and intuitive to work with when compared with other, more traditional existing software solutions. Prokuria is the fastest, easiest solution for automating sourcing and ... read more about Prokuria

    Prokuria Review

    Great value for money reviewed by: Iakob Nabil
    Entry Level Price
    $18 Per Month
    Free Trial
    14 Days
    Pricing Type
    Flat Rate
    33% in Vendor Management Software

    Features
    • Audit Trail
    • Cost Control
    • Document Management
    • Expense Management
    • Performance Tracking
    • Security & Control
    • Vendor Portal

    Key Details
    Industries
    • Banking
    • Financial-services
    • Nonprofit-organization-management
    • Retail
    Licensing & Deployment
    • Proprietary
    • Cloud Hosted
    • Web-based
    Support
    • Phone
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Webinars
    • Case Studies

    Packages
    Pricing Type
    • Flat Rate
    Free Version
    • No
    Free Trial
    • 14 Days Trial
    Payment Frequency
    • Monthly Payment
    • Annual Subscription
    Vendor pricing page
    Available Packages
    Standard
    $18 Per Month
    Visit website

  • Contract Insight

    5.0 1 Review

    Managing contracts and agreements can be a challenging process that, if overlooked, can hurt your bottom line and expose your company to undo risks. Contract Insight by CobbleStone Software is fully configurable, ... read more about Contract Insight

    Contract Insight Review

    Ease of Use Contract management reviewed by: Mike Monczewski
    Entry Level Price
    Contact vendor
    Free Trial
    30 Days
    Pricing Type
    Contact Vendor
    33% in Vendor Management Software

    Features
    • Contract Management
    • Document Management
    • Expense Management
    • Security & Control
    • Vendor Portal
    • Workflow Management

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android
    • Windows
    • Mac
    • Linux
    Support
    • Phone
    Knowledge Base
    • Help Guides
    • Video Guides
    • Case Studies
    • Whitepapers

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Free Trial
    • 30 Days Trial
    Payment Frequency
    • Monthly Payment
    • Quote Based
    Vendor pricing page
    Visit website

  • Vendorly

    5.0 1 Review

    Vendorly helps banks and financial institutions streamline oversight of third-party vendors. We work closely with you to customize vendor management programs, including software to help keep you organized and services to ease ... read more about Vendorly

    Vendorly Review

    It is the best cloud-based vendor management software which is easy to use reviewed by: Kartik Ahuja, Founder at GrowthScribe
    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    100% in Vendor Management Software

    Features
    • Audit Trail
    • Cost Control
    • Performance Tracking
    • Vendor Portal

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Webinars
    • Infographics

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Payment Frequency
    • Monthly Payment
    • Annual Subscription
    • Quote Based
    • One-Time Payment
    Vendor pricing page
    Visit website

  • Precoro

    4.0 1 Review Verified

    Precoro is a cloud-based solution for procurement centralization & automation. It unifies your procurement operations, eliminates manual work, prevents maverick spend and drives savings — faster than you think. - Procurement: Build ... read more about Precoro

    Precoro Review

    The platform is beneficial and reliable software for us reviewed by: David Krauter, Head of SEO at Websites That Sell
    Entry Level Price
    $499 Per Month
    Free Trial
    14 Days
    Pricing Type
    Flat Rate
    15% in Vendor Management Software

    Features
    • Contract Management
    • Cost Control
    • Document Management
    • Expense Management
    • Performance Tracking
    • Reporting & Analytics
    • Vendor Portal
    • Workflow Management

    Key Details
    Industries
    • Accounting
    • Airlines-aviation
    • Alternative-dispute-resolution
    • Alternative-wmedicine
    • Animation
    • Apparel-fashion
    • Architecture-planning
    • Arts-crafts
    • Automotive
    • Aviation-aerospace
    • Banking
    • Biotechnology
    • Broadcast-media
    • Building-materials
    • Business-supplies-equipment
    • Capital-markets
    • Chemicals
    • Civic-social-organization
    • Civil-engineering
    • Commercial-real-estate
    • Computer-network-security
    • Computer-games
    • Computer-hardware
    • Computer-networking
    • Computer-software
    • Construction
    • Consumer-electronics
    • Consumer-goods
    • Consumer-services
    • Cosmetics
    • Dairy
    • Defense-space
    • Design
    • Education-management
    • E-learning
    • Electrical-electronic-manufacturing
    • Entertainment
    • Environmental-services
    • Events-services
    • Executive-office
    • Facilities-services
    • Farming
    • Financial-services
    • Fine-art
    • Fishery
    • Food-beverages
    • Food-production
    • Fundraising
    • Furniture
    • Gambling-casinos
    • Glass-ceramics-concrete
    • Graphic-design
    • Health-wellness-fitness
    • Higher-education
    • Hospital-health-care
    • Hospitality
    • Human-resources
    • Import-export
    • Individual-family-services
    • Industrial-automation
    • Information-services
    • Information-technology-services
    • Insurance
    • International-affairs
    • International-trade-development
    • Internet
    • Investment-banking-venture
    • Investment-management
    • Judiciary
    • Law-enforcement
    • Law-practice
    • Legal-services
    • Legislative-office
    • Leisure-travel
    • Libraries
    • Logistics-supply-chain
    • Luxury-goods-jewelry
    • Machinery
    • Management-consulting
    • Maritime
    • Marketing-advertising
    • Market-research
    • Mechanical-or-industrial-engineering
    • Media-production
    • Medical-device
    • Medical-practice
    • Mental-health-care
    • Military
    • Mining-metals
    • Motion-pictures-film
    • Museums-institutions
    • Music
    • Nanotechnology
    • Newspapers
    • Nonprofit-organization-management
    • Oil-energy
    • Online-publishing
    • Outsourcing-offshoring
    • Package-freight-delivery
    • Packaging-containers
    • Paper-forest-products
    • Performing-arts
    • Pharmaceuticals
    • Philanthropy
    • Photography
    • Plastics
    • Political-organization
    • Primary-secondary
    • Printing
    • Professional-training
    • Program-development
    • Public-policy
    • Public-relations
    • Public-safety
    • Publishing
    • Railroad-manufacture
    • Ranching
    • Real-estate
    • Recreational
    • Religious-institutions
    • Renewables-environment
    • Research
    • Restaurants
    • Retail
    • Security-investigations
    • Semiconductors
    • Shipbuilding
    • Sporting-goods
    • Sports
    • Staffing-recruiting
    • Supermarkets
    • Telecommunications
    • Textiles
    • Think-tanks
    • Tobacco
    • Translation-localization
    • Transportation-trucking-railroad
    • Utilities
    • Venture-capital
    • Veterinary
    • Warehousing
    • Wholesale
    • Wine-spirits
    • Wireless
    • Writing-editing
    Licensing & Deployment
    • Proprietary
    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android
    • Windows
    • Mac
    Support
    • Email
    • Chat
    • Phone
    • 24x7 Support
    Training
    • In-person
    • Documentation
    Knowledge Base
    • Help Guides
    • Blog
    • Case Studies
    • Video

    Packages
    Pricing Type
    • Flat Rate
    Preferred Currency
    • USD ($)
    Free Version
    • No
    Free Trial
    • 14 Days Trial
    Payment Frequency
    • Annual Subscription
    Vendor pricing page Try Software Demo
    Available Packages
    Core
    $499 Per Month
    Automation
    $999 Per Month

    Integration
    Integrated With
    • NetSuite
    • QuickBooks Online
    • Amazon Business Punch-in
    • Sage Intacct
    • Sage 50 Accounting
    • Grainger PuchOut
    • Staples PunchOut
    • Thermo Fisher Scientific PunchOut
    • Home Depot PunchOut
    • Lowe's PunchOut
    • McMaster-Carr PunchOut
    • Power BI
    • QuickBooks Desktop Enterprise
    • Xero
    • Sage 300
    • Microsoft Dynamics 365 Business Central
    • Exact Online
    Visit website

  • A1 Enterprise

    4.0 1 Review

    A1 Tracker solves the problem of data segregation and manual tracking or isolated database systems. We streamline workloads for companies to own their risk management program. Teams can collaborate with vendors, carriers, ... read more about A1 Enterprise

    A1 Enterprise Review

    A1 Enterprise Risk Management Software Review reviewed by: Trending Flash News, The Flash Newspaper at Trending Flash News
    Entry Level Price
    Contact vendor
    Free Trial
    14 Days
    Pricing Type
    Per User
    100% in Vendor Management Software

    Features
    • Audit Trail
    • Contract Management
    • Cost Control
    • Document Management
    • Expense Management
    • Performance Tracking
    • Risk Assessment
    • Security & Control
    • Staff Management
    • Workflow Management

    Key Details
    Industries
    • Airlines-aviation
    • Architecture-planning
    • Automotive
    • Aviation-aerospace
    • Banking
    • Biotechnology
    • Building-materials
    • Chemicals
    • Civil-engineering
    • Commercial-real-estate
    • Construction
    • Consumer-goods
    • Defense-space
    • Education-management
    • Electrical-electronic-manufacturing
    • Environmental-services
    • Facilities-services
    • Farming
    • Financial-services
    • Food-beverages
    • Government-relations
    • Nonprofit-organization-management
    • Railroad-manufacture
    • Retail
    • Shipbuilding
    • Transportation-trucking-railroad
    • Warehousing
    Licensing & Deployment
    • Proprietary
    • Cloud Hosted
    • Web-based
    Support
    • Email
    • Chat
    • Phone
    • 24x7 Support
    Training
    • Webinar
    • In-person
    • Documentation
    Knowledge Base
    • Help Guides
    • Video Guides

    Packages
    Pricing Type
    • Per User
    Preferred Currency
    • USD ($)
    Free Version
    • No
    Free Trial
    • 14 Days Trial
    Payment Frequency
    • Monthly Payment
    • Quote Based
    Vendor pricing page Try Software Demo Get Free Trial

    Integration
    Integrated With
    • .net
    Visit website

  • SAP Ariba

    4.0 1 Review

    Respond powerfully to today’s global challenges by digitalizing your source-to-pay process with SAP Ariba spend management solutions. Mitigate supplier risk and supply chain disruption through real-time supplier collaboration and deep supply chain ... read more about SAP Ariba

    SAP Ariba Review

    The platform helps us manage all interactions with our vendors reviewed by: Chris Alexakis, Founder at CabinetSelect
    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    33% in Vendor Management Software

    Features
    • Contract Management
    • Expense Management
    • Performance Tracking
    • Workflow Management

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    • Android
    Knowledge Base
    • Help Guides
    • Blogs

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Payment Frequency
    • Monthly Payment
    Vendor pricing page
    Visit website

  • TYASuite Vendor Management

    3.0 1 Review

    TYASuite Vendor Management Software offers a comprehensive solution to manage and optimize your supplier relationships. Designed for efficiency, this software provides robust tools for tracking vendor performance, evaluating compliance, and streamlining procurement ... read more about TYASuite Vendor Management

    TYASuite Vendor Management Review

    Excellent Software reviewed by: Anonymous
    Entry Level Price
    Contact vendor
    Free Trial
    30 Days
    Pricing Type
    Per User
    100% in Vendor Management Software

    Features
    • Audit Trail
    • Contract Management
    • Cost Control
    • Document Management
    • Expense Management
    • Performance Tracking
    • Reporting & Analytics
    • Risk Assessment
    • Security & Control
    • Staff Management
    • Vendor Portal
    • Workflow Management

    Key Details
    Industries
    • Airlines-aviation
    • Alternative-wmedicine
    • Animation
    • Apparel-fashion
    • Architecture-planning
    • Arts-crafts
    • Aviation-aerospace
    • Biotechnology
    • Building-materials
    • Business-supplies-equipment
    • Chemicals
    • Civil-engineering
    • Commercial-real-estate
    • Construction
    • Consumer-electronics
    • Consumer-goods
    • Consumer-services
    • Cosmetics
    • Dairy
    • Design
    • Education-management
    • E-learning
    • Electrical-electronic-manufacturing
    • Facilities-services
    • Farming
    • Fishery
    • Food-beverages
    • Food-production
    • Furniture
    • Glass-ceramics-concrete
    • Health-wellness-fitness
    • Higher-education
    • Hospital-health-care
    • Hospitality
    • Import-export
    • Industrial-automation
    • Information-technology-services
    • Logistics-supply-chain
    • Transportation-trucking-railroad
    • Warehousing
    • Wholesale
    • Wine-spirits
    Licensing & Deployment
    • Proprietary
    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android
    • Windows
    • Mac
    • Linux
    Support
    • Email
    • Chat
    • Phone
    • 24x7 Support
    Training
    • In-person
    • Documentation
    Knowledge Base
    • Help Guide

    Packages
    Pricing Type
    • Per User
    Preferred Currency
    • INR (₹)
    Free Version
    • No
    Free Trial
    • 30 Days Trial
    Payment Frequency
    • Monthly Payment
    • Annual Subscription
    • Quote Based
    Vendor pricing page

    Integration
    Integrated With
    • SAP Analytics Cloud
    Visit website

  • ProcuMan

    ProcuMan provides open source based procurement, purchasing, sourcing, tendering and supplier management software. Easily customisable online service based on no-code software platform. Fully customizable software to support your specific procument process.

    Entry Level Price
    Contact vendor
    Free Trial
    30 Days
    Pricing Type
    Flat Rate
    50% in Vendor Management Software

    Features
    • Audit Trail
    • Cost Control
    • Document Management
    • Expense Management
    • Security & Control
    • Vendor Portal
    • Workflow Management

    Key Details
    Industries
    • Airlines-aviation
    • Automotive
    • Building-materials
    • Business-supplies-equipment
    • Chemicals
    • Civil-engineering
    • Commercial-real-estate
    • Computer-hardware
    • Computer-software
    • Construction
    • Consumer-goods
    • Cosmetics
    • Defense-space
    • Electrical-electronic-manufacturing
    • Facilities-services
    • Farming
    • Health-wellness-fitness
    • Higher-education
    • Hospital-health-care
    • Import-export
    • Logistics-supply-chain
    • Machinery
    • Mechanical-or-industrial-engineering
    • Real-estate
    • Supermarkets
    • Textiles
    • Transportation-trucking-railroad
    • Warehousing
    • Wine-spirits
    Licensing & Deployment
    • Open Source
    • Cloud Hosted
    • On Premises
    • Web-based
    Support
    • Email
    • Weekdays
    Training
    • Webinar
    • In-person
    • Documentation
    Knowledge Base
    • Help Guides
    • Blogs
    • Case Studies

    Packages
    Pricing Type
    • Flat Rate
    Preferred Currency
    • USD ($)
    Free Version
    • No
    Free Trial
    • 30 Days Trial
    Payment Frequency
    • Annual Subscription
    Vendor pricing page Try Software Demo Get Free Trial
    Visit website

  • Claritum

    Claritum’s cloud solution simplifies the procurement process. Enabling more efficient and effective order capture, aggregation of demand, spend management and central supplier control. With easy to use, plus highly configurable, catalogs and ... read more about Claritum

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    20% in Vendor Management Software

    Features
    • Audit Trail
    • Performance Tracking

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Windows
    • Mac
    Support
    • Phone
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Infographics
    • Case Studies
    • Whitepapers
    • On-Site Training

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Payment Frequency
    • Quote Based
    Vendor pricing page
    Visit website

  • Finly

    Finly is a Finance Management & Governance Suite for businesses to automate, gain visibility & control business spend. The platform comprises of a scalable & intelligent Expense Management & E-Procurement System. The ... read more about Finly

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    20% in Vendor Management Software

    Features
    • Audit Trail
    • Cost Control
    • Expense Management
    • Performance Tracking
    • Operations Management
    • Risk Assessment
    • Vendor Portal

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android
    • Windows
    Support
    • Phone
    Knowledge Base
    • Help Guides
    • Blogs
    • Case Studies

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Payment Frequency
    • Monthly Payment
    Vendor pricing page
    Visit website

  • SecurityScorecard

    SecurityScorecard helps enterprises gain operational command of their security posture and the security posture of their ecosystems through continuous, non-intrusive monitoring. The company’s approach to security focuses on identifying vulnerabilities from an ... read more about SecurityScorecard

    Entry Level Price
    Free version
    Free Trial
    Available
    Pricing Type
    Free
    33% in Vendor Management Software

    Features
    • Audit Trail
    • Contract Management
    • Performance Tracking
    • Risk Assessment
    • Security & Control
    • Staff Management
    • Vendor Portal

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    Support
    • Phone
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Webinars
    • Case Studies
    • Whitepapers
    • On-Site Training

    Packages
    Pricing Type
    • Free
    Payment Frequency
    • Quote Based
    • Free
    Vendor pricing page
    Visit website

  • Transformify

    HR Software with a mission. Transformify empowers diversity hiring and provides equal access to jobs and secure payment. Join recruiters from 150+ countries who trust Transformify to automate their hiring process, source ... read more about Transformify

    Entry Level Price
    $50 Per Month
    Free Trial
    N/A
    Pricing Type
    Flat Rate
    33% in Vendor Management Software

    Features
    • Contract Management
    • Document Management
    • Expense Management
    • Reporting & Analytics
    • Risk Assessment
    • Security & Control
    • Vendor Portal
    • Workflow Management

    Key Details
    Industries
    • Human-resources
    Licensing & Deployment
    • Proprietary
    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android
    Support
    • Email
    • Chat
    • 24x7 Support
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Case Study

    Packages
    Pricing Type
    • Flat Rate
    Preferred Currency
    • USD ($)
    Free Version
    • No
    Payment Frequency
    • Monthly Payment
    • Annual Subscription
    Vendor pricing page
    Available Packages
    Standard
    $50 Per Month
    Visit website

  • Quantivate

    Since 2005, Quantivate has been helping organizations efficiently manage their governance, risk, and compliance (GRC) initiatives. Quantivate’s scalable software and service solutions equip organizations of all sizes to make more strategic decisions, ... read more about Quantivate

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    20% in Vendor Management Software

    Features
    • Audit Trail
    • Contract Management
    • Cost Control
    • Document Management
    • Expense Management
    • Reporting & Analytics
    • Risk Assessment
    • Vendor Portal

    Key Details
    Industries
    • Government-administration
    • Government-relations
    • Information-technology-services
    • Nonprofit-organization-management
    • Retail
    Licensing & Deployment
    • Proprietary
    • Cloud Hosted
    • Web-based
    • Windows
    Support
    • Email
    • 24x7 Support
    Knowledge Base
    • Help Guides
    • Video
    • Blog
    • Case Studies

    Packages
    Pricing Type
    • Contact Vendor
    Preferred Currency
    • USD ($)
    Free Version
    • No
    Payment Frequency
    • Monthly Payment
    Vendor pricing page Try Software Demo
    Visit website

  • SmartSolve

    SmartSolve®, Pilgrim’s powerful suite of quality management software solutions, is engineered for the Life Sciences. Delivered on a compliance-ready platform, SmartSolve provides closed-loop process integration unmatched in the market.SmartSolve gives you confidence ... read more about SmartSolve

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    33% in Vendor Management Software

    Features
    • Audit Trail
    • Contract Management
    • Cost Control
    • Document Management
    • Expense Management
    • Performance Tracking
    • Risk Assessment
    • Security & Control
    • Vendor Portal

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    • Windows
    Knowledge Base
    • Help Guides
    • Blogs

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Payment Frequency
    • Quote Based
    Vendor pricing page
    Visit website

  • Expenzing

    Expenzing offers software and solutions to help organizations in digital transformation for assured expense reduction. We provide end-to-end suite of solutions in strategic sourcing, procurement and accounts payable for financial control.We offer ... read more about Expenzing

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    20% in Vendor Management Software

    Features
    • Audit Trail
    • Cost Control
    • Expense Management
    • Performance Tracking
    • Operations Management
    • Security & Control
    • Vendor Portal

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    • Windows
    Knowledge Base
    • Help Guides
    • Blogs
    • Case Studies

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Payment Frequency
    • Quote Based
    Vendor pricing page
    Visit website

  • Third Party Risk Management

    Third party risk management (TPRM) is a structured approach to analyze and control risks arising to the organization from third parties. Mainly third parties are: Vendors Customers Joint ventures Counterparties Fourth Parties ... read more about Third Party Risk Management

    Entry Level Price
    $750 Per Year
    Free Trial
    30 Days
    Pricing Type
    Flat Rate
    33% in Vendor Management Software

    Features
    • Audit Trail
    • Risk Assessment

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    Support
    • Phone
    Knowledge Base
    • Help Guides
    • Webinars

    Packages
    Pricing Type
    • Flat Rate
    Free Version
    • Yes
    Free Trial
    • 30 Days Trial
    Payment Frequency
    • Annual Subscription
    • Free
    Vendor pricing page
    Available Packages
    Standard
    $750 Per Year
    Visit website

  • Torii

    Torii is the most advanced SaaS management platform on the market. Discover, optimize, and control your organization’s SaaS usage and cost from a single hub.
 With the rapidly growing number of SaaS ... read more about Torii

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    50% in Vendor Management Software

    Features
    • Audit Trail
    • Contract Management
    • Cost Control
    • Expense Management
    • Performance Tracking
    • Operations Management
    • Risk Assessment
    • Security & Control
    • Staff Management
    • Workflow Management

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    Support
    • Chat
    • Phone
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Webinars

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Payment Frequency
    • Quote Based
    Vendor pricing page
    Visit website

  • Purchase Management

    Purchasing can be a time-consuming and inefficient ordeal, especially when requests for goods and services have to be processed manually using a combination of phone calls, emails, paper catalogs and faxes. NetSuite’s ... read more about Purchase Management

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    100% in Vendor Management Software

    Features
    • Audit Trail
    • Contract Management
    • Cost Control
    • Document Management
    • Expense Management
    • Security & Control
    • Staff Management
    • Vendor Portal

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android
    • Windows
    • Mac
    Support
    • Phone
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Webinars
    • Infographics
    • Case Studies
    • Whitepapers
    • On-Site Training

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Payment Frequency
    • Quote Based
    Vendor pricing page
    Visit website

  • Tradeshift Pay

    Go beyond AP automation and e-invoicing, and transform accounts payable into an end-to-end supply chain payments solution. With Tradeshift, you can take total digital control of every invoice, every early payment program, ... read more about Tradeshift Pay

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    50% in Vendor Management Software

    Features
    • Audit Trail
    • Expense Management
    • Performance Tracking
    • Staff Management
    • Vendor Portal

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    Knowledge Base
    • Help Guides
    • Blogs
    • Webinars

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Payment Frequency
    • Quote Based
    Vendor pricing page
    Visit website

  • Supplier Management

    The SAP Supplier Relationship Management application (SAP SRM) provides strategic value through sustainable cost savings, contract compliance, and quick time-to-value. Companies are equipped with tools to drive superior results through an end-to-end ... read more about Supplier Management

    Entry Level Price
    Contact vendor
    Free Trial
    Available
    Pricing Type
    Contact Vendor
    100% in Vendor Management Software

    Features
    • Contract Management
    • Cost Control
    • Expense Management
    • Performance Tracking
    • Staff Management
    • Vendor Portal

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    • Windows
    • Mac
    Support
    • Chat
    • Phone
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Webinars
    • On-Site Training

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • Yes
    Payment Frequency
    • Quote Based
    • Free
    Vendor pricing page
    Visit website

  • Blissfully

    Blissfully automatically uncovers your SaaS Graph, keeps it continuously organized, and provides workflows and automations to collaboratively manage, control, and track changes across your entire organization.

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    50% in Vendor Management Software

    Features
    • Audit Trail
    • Contract Management
    • Cost Control
    • Expense Management
    • Risk Assessment
    • Security & Control
    • Staff Management
    • Vendor Portal

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    Support
    • Chat
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Webinars

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Payment Frequency
    • Quote Based
    Vendor pricing page
    Visit website

  • ProfileGorilla

    ProfileGorilla is an exciting new alternative to traditional management when it comes to your network of vendors, suppliers and contractors. We at ProfileGorilla have worked in the Vendor and Supplier management space ... read more about ProfileGorilla

    Entry Level Price
    $25 Per Month
    Free Trial
    N/A
    Pricing Type
    Flat Rate
    100% in Vendor Management Software

    Features
    • Audit Trail
    • Cost Control
    • Expense Management
    • Performance Tracking
    • Risk Assessment
    • Security & Control
    • Staff Management

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Web-based
    Support
    • Chat
    • Phone
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Webinars

    Packages
    Pricing Type
    • Flat Rate
    Free Version
    • No
    Payment Frequency
    • Monthly Payment
    Vendor pricing page
    Available Packages
    Standard
    $25 Per Month
    Visit website

  • Zycus iSupplier

    Zycus' Supplier Management solution provides a comprehensive platform for automating all aspects of supplier performance and information management for a collaborative and innovative relationship with suppliers.

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    Pricing Type
    Contact Vendor
    100% in Vendor Management Software

    Features
    • Audit Trail
    • Cost Control
    • Document Management
    • Performance Tracking
    • Risk Assessment
    • Staff Management
    • Vendor Portal

    Key Details
    Licensing & Deployment
    • Cloud Hosted
    • Windows
    • Mac
    Support
    • Phone
    Knowledge Base
    • Help Guides
    • Video Guides
    • Blogs
    • Case Studies
    • Whitepapers
    • On-Site Training

    Packages
    Pricing Type
    • Contact Vendor
    Free Version
    • No
    Payment Frequency
    • Quote Based
    Vendor pricing page
    Visit website

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Buyer’s Guide

Introduction to buyer’s guide for Vendor Management Software

A successful business relies on how efficiently the business owner is managing the enterprise resources. It is a key factor in deciding the business strategies and reducing the operational cost. These resources could belong to the organization itself or drawn from the third-party service provider. If the resources are used through a third party vendor, then it requires due diligence. It is imperative to have a positive relationship with your vendors as this can be beneficial both for your company and your customers.

An efficient vendor management starts right from identifying the best suitable vendors, obtaining pricing information, managing relationships, gauging the quality of work, evaluating performance, and ensuring that the payments are always made on time. 

The only way to achieve these goals while working with third-party vendors is to equip the organization with reliable and secure third-party vendor management services or programs.

In this buyer guide, the readers will identify the important attributes for a vendor-client smooth transition and learn the best approach to mitigate their vendor management issues.

What is Vendor Management?

The vendor management is the process where an organization takes appropriate measures for controlling cost, ensuring excellent service deliverability, reducing potential risks related to vendors, and deriving value from vendors in the long-run.  Vendor management is the system of coordinating the entire vendor relationship. It plays a significant role when it comes to selecting the right vendor for a particular business need.

What are the benefits of Vendor Management?

  • Better contract management: Vendor management involves drafting the contract terms and agreement with all the details like who is authorized to sign, how customer information is protected, how the contract gets terminated, etc.
  • Cost-saving: The vendor manager can negotiate with third-party vendors and saves the cost of various services.
  • Better vendor relationship: Vendor managers ensure that there is no conflict between the organization and vendors. 
  • Improves vendor performance: Vendor managers ensure that vendors deliver high-quality and cost-effective service.
  • Reduce the risk of business disruption: Identifying third-party risks and meeting regulatory compliance.

How has Vendor Management evolved?

In the early ’90s, when companies were outsourcing the jobs and expanding their business worldwide, a Ford subsidiary called Geometric Results, Inc. (GRI) realized the opportunity for a vendor management system.  As a result, GRI developed a manual vendor management system called PeopleNet, and it was only in 1995 it got automated. GRI developed one of the first significant VMS applications in the industry.

Later in 1997, the GRI was bought by MSXI. MSXI launched the Internet-based software b2bBuyer. MSXI created a web app called TechCentral for the Delphi Corp. In 2006,  the Bartech Corp. began operating the Delphi VMS and continues to do so, now using SAP’s Fieldglass VMS tools.  With the rise in the demand for VMS tools, more companies entered the vendor management market.

What are the different types of Vendor Management?

  • Procurement management 
  • Relationship management
  • Vendor risk management
  • Performance management
  • Contract management
  • Compliance management

What are the processes involved in Vendor Management?

Step 1) Define needs or goals: Define your goals and expectations from vendors for the business process.

Step 2) Rules of engagement for vendors: Create ethics/rules of engagement for all vendors. The rules of engagement are a set of rules and obligations for how a given vendor shall engage with a business organization. It mentions what is permissible and what is not, specific actions the supplier shall carry out, and things they will refrain from doing.

Step 3) Bidding for vendors: Search and send bids for vendors. The business sort vendors and send their requirements. All vendors receive identical copies of bid documents and any subsequent changes.

Step 4) Selecting vendors: Select vendors based on your criteria and budget. 

Step 5) Signing contract: Define contract terms and time frame. The signed contract is proof that the vendor has agreed to the terms and policies of the agreement. 

Step 6) Monitoring performance: This step involves monitoring the vendor’s performance and relationship.

Step 7) Terminating or Renewing the contract: End of contract or renewal.

What are the risks associated with poor Vendor Management?

  • Poor vendor selection: A poor vendor management may not give a clear view of vendor service quality, and the organization may face a loss.
  • Bad Contract: The organization may be at risk when they sign a contract with a vendor without looking into contract agreement and compliance. Poor vendor management often leads to a bad contract.
  • Cyber attacks: When a third-party has access to your internal process, there is always a risk of a cyber attack. The hackers may find and target the loophole between organization application and vendors’ access points.
  • Financial loss: The risk of financial loss always remains when a company hires an in-appropriate vendor.
  • Reputation: If the third-party vendor is a fraud, it may even spoil the organization's reputation where it offers its services.
  • Poor client-vendor relationship: A poor vendor management has its own bad effects on the growth of the business. A healthy client-vendor relationship is a fundamental requirement for any business.

What are the key factors that can help reduce vendor risk?

  • Implement vendor risk management maturity model: VRMMM analyzes third-party risk programs against a set of best practices and industry benchmarks. 
  • Thorough Auditing:  The vendors should be regularly monitored and audited to ensure regulatory compliance is maintained throughout the term of service.  Make sure the contracts mention the "right to audit" and also cross-verify what security controls and requirements the third-party vendor has in place.
  • Security clearance and regulatory compliance: Verify if the vendors have the security clearance or regulatory compliance to avail their services.
  • Define monitoring criteria: The company should be clear on their vendor’s monitoring preferences like when to monitor, how reviews and feedback can be conducted and how risk exposures can be detected and mitigated.
  • Segment vendors as per risk potential: Segment vendors by potential risks and try to mitigate those risks first that are above the organization’s appetite. The client can even prepare a checklist to check the vendor’s authenticity like a financial statement, liability insurance, and so on. This strategy is even helpful in the future to identify potential risks.
  • Contingency plan: The client should be ready with the contingency plan if data-breach occurs or a third-party vendor violates the guidelines.
  • Review the contract terms and policies:  Review the contract’s terms and policies like renewable requirements or required service levels.

What are the common challenges in managing vendors manually?

  • Data storage: As the business expands, it becomes difficult to manage vendors agreement documents manually. There is always a risk of misplacing or losing the documents.
  • Lack of visibility: In manual vendor management, each department may be maintaining the vendor’s information on a single spreadsheet. When the same spreadsheet gets downloaded and saved to individual hard drives, it creates multiple copies with miscellaneous updates instead of one master file. This may lead to confusion and result in client-vendor conflicts.
  • Vendor’s payment risk: When the vendor manager is dealing with multiple vendors, it leaves room for error, and the chances are that it may post the wrong payment for the vendor’s service.
  • Painstaking manual reporting: Manual reporting could be a waste of time when it involves collecting countless spreadsheets, emails, and files and then converting it into a pleasing graphic. Besides that, there is no log to track the activities to see what changes were made.
  • No accurate risk analysis: There is no centralized system in manual vendor management, which may not be efficient in identifying risks accurately.

Can technology help in creating and implementing a Vendor Management Program effectively?

Yes, technology can be helpful in creating and implementing a vendor management program effectively.  

Long term commitment between vendor and client allows both to invest time and money required for the smooth transition of services.  By using technology, they ensure that they don’t waste time or money that they are investing in and get the desired outcome. Vendor management programs involve strong quality controls, monitoring systems, audit infrastructure, and performance improvement plans in order to resolve issues and promote industry best practices.

  • Automating information exchange between vendors and companies: One of the important tasks in creating and implementing a vendor management program is to retrieve vendor information from existing databases or from new sources.  A company supported by the right technology can speed up the implementation of a vendor management program.  The company can use automation to collect the vendor’s information from various sources or any information that could prove valuable for establishing VMS systems.
  • Convert legacy contracts into digital records using AI: There are still businesses that adhere to the legacy system for managing vendor’s document or drafting agreement copies. They often face difficulties while converting those spreadsheets into digital records. But advanced technology like AI helps to turn fragmented legacy contracts into modern digital records with ease.
  • Predict early demand visibility: The early analysis of product or service demand can be helpful to draw your expectations from third-party vendors. It can make the boarding of third-party vendors and implementation of their services quite easy. A data scientist can use a large volume of historical data to build logic and predict the product or service demand.
  • Quality control and audit: The effective vendor management strategy involves stringent quality control measures that focus on minimizing business risk. Technology platforms can gather, analyze, and flag data to ensure that vendor work is performed and completed in accordance with agreed-upon regulatory guidelines.
  • Analyze vendor risk factors early on: To implement a vendor management program effectively, it is necessary for the client to identify the security threat associated with the third-party vendor.  Technology can help in doing this by automatically assessing the vendor’s information. The client can use automation tools to send security questionnaires to the vendor or scan data continuously to check leak credentials.

What is Vendor Management Software?

Vendor management software addresses common issues of companies to find, engage, and manage their external workforce or vendors. A vendor can be a contractor, manufacturer, supplier, or any third party who fulfills the need that your company doesn’t create or provide in house.  By centralizing all elements of vendor management in one system, the company can facilitate efficient vendor communication.

How can Vendor Management Software assist companies to work better?

  • Better Security: A supplier management software enables organizations to integrate their vendor management system with a risk management system and compliance management system.
  • Improves client-vendor relationship: With an effective vendor management platform, the organization can have a smooth transition of the vendor services, which eventually helps to improve the vendor-client relationship.
  • Better Service: The vendor management process allows companies to avail of better services from the existing vendors. The organization can pinpoint the issues and then work with the suppliers to eliminate the root cause of the problems being faced.   
  • Reduce costs and better ROI: The organization can save the costs incurred due to administrative labor costs and rectifying errors. The company can act quickly in making adjustments, thereby increasing profitability and saving money.
  • Optimize performance: The supplier management tools allow tracking performance against the contract to ensure that the vendor is meeting organization needs and complying with the requirements. It provides insight into the vendor’s budgeting, expenses, and profits throughout the supply chain.
  • Easy to manage multiple vendors: With a robust supplier management system, it becomes easy for the company to manage multiple vendors, and there won’t be any error in payment processing or monitoring their performance.
  • Data Storage: The biggest issue with vendor management is to deal with a huge number of documents and storing them securely.  With the vendor management tools, it becomes quite easy to handle any size of the document.

What are the essential features to look for in a Vendor Management Software?

The vendor management requirements differ as per the industry; the manufacturing industry may have different vendor requirements than a retailer. The selection of vendor management software largely depends on the type of operations and the user's preferences. General features include;

  • Accounting integration
  • Purchase order management
  • Tracking and visibility
  • Financial management
  • Supply chain management
  • Customer Management
  • Distribution management
  • HR management
  • Project management
  • Asset management
  • Inventory management
  • Automatic backup
  • Reporting & analytics
  • Third-party tools easy integrations
  • Record Audit
  • Email Management
  • Offline mobile access
  • Real-time budget tracking
  • Report and analytics
  • Audit logs
  • Expense management
  • Mobile request, approve and receive
  • Automated reminders

How will technology augment Vendor Management Software in the future?

  • ML and AI: In the future, artificial intelligence and machine learning with their smart algorithm would allow organizations to choose the right vendor and assign the right work model. It will further help to create customized dashboards to view and manage vendor data as required.
  • Mobile apps: The modern mobile app for vendor management software would be focussed on improving the user experience in handling the multiple vendors on-the-go.
  • Predictive Analytics: There is more scope of predictive analytics in the future, which may be used by companies to provide real-time recommendations on rates and labor demand modeling.

What is the average cost of buying a Vendor Management Software system?

The vendor management software covers various sectors from manufacturing, retailer, IT  and corporate, and so on.  The selection of the VMS system is made on the company's requirements and its budget.  The price of these software varies depending on the number of users, features list,  customer support, etc.   The entry-level VMS tools like Dolibarr and Zoho creator charge $9/ month and $15/month. While those organizations focused on slightly higher features can pick software solutions like Precoro that charge $29/month, followed by ProfileGorilla and Windle, that charge about $25/month and $49/month, respectively.  For a large enterprise, where price has no bar, then a tool like a Gatekeeper would be an ideal choice.

But if the organization has the curiosity to explore software capabilities and develop new features, then they should tap on free and open-source vendor management software.

Why refer to Goodfirms’ list of top Vendor Management Software?

Goodfirms has quickly established as the best review and rating site for IT solutions spanning various sectors.  It rates software solutions based on quality, reliability, and ability.  The platform collects all the vital information critical for any individual or business to decide on software selection.  The list of software features and authentic feedback of consumers together gives a broad perspective on software usability.  Besides that, the software seeker can sort service providers based on location, hourly rate, and the number of employees.

Goodfirms has a growing list of software solutions to address the core issues of the business process. Vendor management is an inevitable segment of any well-planned business structure, trying to achieve exponential growth. In order to orient well between all the components of a vendor's operation, a holistic vendor management software is a must. The vendor management solutions may not fall in the one-size-fit-all category, and different businesses may have different needs. Do not fail to check Goodfirms list of best vendor management software that could justify your vendor management requirements all in one place.

Related Categories

Contract Management Software
Procurement Software
Proposal Management Software
Purchasing Software

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