Vendor Management Software

Vendor management software streamlines supplier relationships by centralizing vendor data, tracking performance, managing contracts, and automating procurement processes.
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Coupa Software Inc

Coupa Software Inc

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Founded

2006

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0

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About Coupa Software Inc

Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). Coupa empowers companies around the world with the visibility and control they need to spend smarter and safer. To learn more about how Coupa can help you spend smarter
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Beeline

Beeline

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Founded

1999

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0

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About Beeline

For over 20 years, Beeline has empowered businesses worldwide to achieve competitive advantages with their extended workforce. Beeline Extended Workforce Platform gives companies the visibility needed to mitigate risk, achieve cost savings, and meet dynamic business needs. With tailored solutions that solely focus on the complexities of the extended workforce, clients leverage Beeline products that fit their unique requirements. Through thousands of integrations, clients can connect their extended workforce data from all technology stacks, including major procurement and HR systems.
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Ivalua

Ivalua

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Founded

2000

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0

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About Ivalua

We are a leading provider of cloud-based Spend Management software. Our complete, unified platform empowers businesses to effectively manage all categories of spend and all suppliers, increasing profitability, improving ESG performance, lowering risk, and improving employee productivity. We are trusted by hundreds of the world's most admired brands and recognized as a global leader by renowned industry analysts. Learn more at www.ivalua.com. Follow us on LinkedIn and Twitter.

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GEP SMART

GEP SMART

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Founded

1999

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0

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About GEP SMART

GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value.

Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 1,000 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals.
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Magnit

Magnit

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Founded

1991

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0

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About Magnit

Magnit™ (formerly PRO Unlimited) is a global leader and pioneer in contingent workforce management. Our industry-leading Integrated Workforce Management (IWM) platform is supported by 30+ years of innovation, modern software, proven expertise, and world-class data and intelligence. It enables companies to optimize talent and diversity goals while achieving operational and financial success. With Magnit, companies can adapt quickly to the evolution of work to grow their extended workforce with greater agility, transparency, and speed.

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Tropic Technologies

Tropic Technologies

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2019

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About Tropic Technologies

Tropic is an AI spend management solution that gives finance, procurement, and IT teams complete control over their spending, operations, and data.

Our goal? Help businesses make faster, more confident spend decisions that eliminate waste, mitigate risk, and save money.

From automating manual procurement tasks to integrating seamlessly with your current tools, Tropic combines your spend and vendor data with our supplier intelligence to deliver actionable spend insights.

With $10B in managed spend and 200K+ hours saved, Tropic is trusted by over 500 customers, including Zapier, Notion, Athletic Greens, Plaid,... Show More
Venminder

Venminder

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Founded

2001

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0

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About Venminder

Venminder is an industry recognized leader of third-party risk management solutions. Dedicated to third-party risk, the company is the go-to partner for software, high-quality assessments on vendor controls, certified subject-matter expertise and education.

Venminder’s platform provides a centralized location to execute a third-party risk management program. It enables users to store documentation, onboard a vendor, track contracts, manage SLAs, send and manage questionnaires, manage due diligence and oversight, complete risk assessments, create workflows, run reporting and more.

Assessments performed by Venminder’s qualified experts, including CISSPs, CPAs, financial risk analysts, paralegals and more,... Show More
Deel

Deel

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Founded

2019

Employees

5,000

Funding Summary

425M Series D

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About Deel

Deel is the all-in-one platform for managing your global workforce. Hire and onboard contractors and employees in 150+ countries with built-in compliance, payments, and local expertise - all in one place.
Deel’s local expertise ensures you can offer competitive benefits like health insurance, pension contributions, stipends, and vacation time, no matter where your team is located. Compare country costs, analyze hiring data, and generate compliant contracts in minutes. Deel also streamlines visa sponsorship, helping you bring in top talent from abroad.
Deel’s platform makes paying contractors effortless with flexible withdrawal options in 200+ currencies, including crypto. Powerful... Show More
Airbase

Airbase

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Founded

2017

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0

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About Airbase

Airbase is the only procure-to-pay solution to combine enterprise-grade power with a delightful user experience. It radically simplifies purchasing. Tackle complex workflows and enjoy effortless company-wide adoption with easy-to-use and flexible intake, AP automation, expenses, and corporate cards. Stop uncontrolled spend, save time and money, and get a faster close.

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Bitsight

Bitsight

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About Bitsight

Bitsight is a global cyber risk management leader transforming how organizations manage exposure, performance, and risk for themselves and their third parties. Companies rely on Bitsight to prioritize their cybersecurity investments, build greater trust within their ecosystem, and reduce their chances of financial loss. Built on over a decade of market-leading innovation, Bitsight’s integrated solutions deliver value across enterprise security performance, digital supply chains, cyber insurance and data analysis.

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CabinetM

CabinetM

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Founded

2014

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0

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About CabinetM

CabinetM is the MarTech Stack management platform for enterprise organizations who want to track, document, visualize and report on their marketing technology use and spend. With CabinetM, you can:

• Collaborate across your organization and with your strategic partners on technology discovery, evaluation, and management
• Track and manage technology you’ve acquired and built internally
• Manage all your marketing technology contracts—eliminating the surprise of auto-renewals
• Document all the details of your dataflows and integrations, and report on them automatically
• Ensure that your marketing technology stack is visible to all stakeholders... Show More
ClearOPS

ClearOPS

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Founded

2017

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0

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About ClearOPS

A GenAI company helping businesses answer hard questions about privacy and security. Looking to adopt GenAI in 2024 and not sure where to start? Solve real pain points with ClearOPS. You will find over 50% increased efficiency and 20% reduction in your CAC.
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CloudEagle

CloudEagle

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Founded

2021

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0

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About CloudEagle

CloudEagle.ai helps IT, security & Procurement teams manage, govern & renew all their SaaS apps from one single platform. With CloudEagle.ai, enterprises like RingCentral, Shiji, Recroom make SaaS management & governance a breeze & save 10-30% on their software spend.

Using 500+ direct connectors, customers get 100% visibility into all applications, licenses, spend and vendors. Using no code slack-enabled workflows, IT & security teams streamline employee onboarding/offboarding, access reviews, license harvesting and renewals. Leveraging detailed usage insights and benchmarking data, customers negotiate better with vendors & optimize tech stack.

Our platform processed over... Show More
ComplyCloud

ComplyCloud

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Founded

2017

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0

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About ComplyCloud

ComplyCloud is the only software you need to ensure your data protection and IT security compliance. It combines legal and IT expertise with software to automate all your compliance management and provide you with the mandatory documentation output.

You can look forward to spending more time where it matters for your business since our platform saves you up to 80% of your compliance workload.

You get a combined GDPR & NIS2 expert and project manager at your fingertips. By that, all you need for GDPR and NIS2 compliance is included, easy to implement, intuitive,... Show More
Contractor Compliance

Contractor Compliance

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About Contractor Compliance

Contractor Compliance was born out of the idea that there had to be a different way to manage third party contractor compliance requirements. Dealing with overflowing folders & spreadsheets, spending hours tracking down contractors information, and struggling to find data for audits were just a few of the stories our founders would hear on a daily basis. There had to be a better way – there had to be a different way.

Our customers wanted one thing – a simple software solution that take these tasks off their plate so they could focus on higher value tasks.... Show More
Corpay

Corpay

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Founded

2000

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0

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About Corpay

Corpay (NYSE: CPAY) is a global leader in business payments and expense management, providing a range of solutions that streamline accounts payable, manage expenses, and handle international transactions in ways that no other provider can rival.
From vehicle payments and lodging to corporate cards, AP automation, and international payments, Corpay simplifies every aspect of business spending.
With cutting-edge technology, global expertise, and reliable support, Corpay is your trusted partner for saving time, reducing costs, and protecting against fraud.

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GateKeeper

GateKeeper

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Founded

2010

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0

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About GateKeeper

Gatekeeper is a next generation contract and supplier management platform that was born in the cloud and works on any device.

At Gatekeeper we have a strong focus on collaboration, clear actionable data, obligation and compliance tracking, email alerts and most of all ease of use. We have a ‘zero training’ mantra driving a fanatical focus on usability that results in an application internal stakeholders and suppliers can use effortlessly.

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Genuity

Genuity

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About Genuity

We provide real-time outsourced IT support that supports your people, devices, and applications - all in one platform. Streamline your IT processes and secure your business with expert guidance close to home.
Guaranteed to reduce your IT expenses.
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GetProven

GetProven

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About GetProven

Proven allows firms to build custom supplier marketplaces of trusted vendors. Proven is used by some of the leading Tier 1 venture capital firms in silicon valley, as well as leading economic development organizations.

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Hyperproof

Hyperproof

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Founded

2018

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About Hyperproof

Hyperproof is your security assurance and compliance operations platform transforming the way you manage and do the work—empowering people and organizations to make the most of their compliance work to build trust inside and out. Streamlining security assurance & compliance ops for security-minded companies like: Motorola Solutions, Instacart, 3M, Digicert, Fortinet, Outreach, Highspot, and more.

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Frequently Asked Questions

What is Vendor Management Software?

Vendor management software (VMS) is a cloud-based or on-premises solution that streamlines every stage of a company’s relationship with external suppliers. Instead of juggling spreadsheets and emails, a VMS centralizes tasks like vendor onboarding, contract management, compliance checks, performance tracking, and payment processing.

How to Pick the Right Vendor Management Software?

Choosing the right vendor management software begins with identifying your core needs—like automating contract renewals or compliance—and ensuring it integrates well with existing systems. Compare compliance features, ease of use, and pricing to find the best fit for your company. Finally, consider customer support, since even the best platform can experience issues, and reliable assistance is invaluable when it happens.

Can you use CRM for Vendor Management?

While a CRM can technically track vendor information, it's not really designed for that purpose. CRMs are built to manage customer relationships, so businesses will miss out on some key vendor-specific features like supplier performance tracking and contract management.

Is Salesforce a Vendor Management System?

Not exactly, as Salesforce is primarily a CRM platform. While you can customize it for vendor management, it’s not built specifically for that purpose. A vendor management system would be a better option for managing suppliers.

What is the difference between CRM and VRM?

CRM (Customer Relationship Management) focuses on managing relationships with customers, while VRM (Vendor Relationship Management) is specifically designed for managing supplier relationships. Therefore, they have different features – CRMs track sales, customer service, and marketing, while VRMs handle vendor contracts, performance metrics, and supply chain management. In other words, they serve opposite sides of the business relationship spectrum.

What is Vendor Management in ERP?

ERP vendor management refers to the built-in tools and processes within an enterprise resource planning system that help a business oversee and optimize its relationships with external suppliers. By centralizing key tasks—such as supplier onboarding, contract administration, performance tracking, and payment processing—ERP-based vendor management gives companies a clearer view of their supply chain.

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