About

Vendr simplifies the software procurement process for companies, particularly targeting finance and procurement leaders. Its platform provides access to a marketplace of software options, private offers, and a community of software buyers. Key features include pricing benchmarks that allow clients to compare their software costs with industry standards, ensuring they secure the best deals. Vendr also automates procurement and offers integrations to streamline the buying process. Unlike competitors, Vendr does not charge clients for its services; instead, it earns revenue through partnerships with software vendors, leveraging its negotiating expertise to help clients save an average of 17% on software purchases. The company's goal is to make software procurement easier and more cost-effective while continuously improving its offerings through the use of anonymized aggregate data, all while prioritizing data privacy.

Simplify's Take

What believers are saying

• Vendr's Series B funding of $150M supports its growth and expansion plans.
• Increased demand for procurement automation tools boosts Vendr's market potential.
• Vendr's Great Place to Work certification enhances its employer brand and talent acquisition.

What critics are saying

• Salesforce's price increase may affect Vendr's client satisfaction and retention.
• Vendr's dependency on AWS Marketplace could pose risks if terms change.
• Integration challenges with Blissfully may disrupt Vendr's service delivery.

What makes Vendr unique

• Vendr offers unique pricing benchmarks for software cost comparison with industry standards.
• Vendr's integration with AWS Marketplace simplifies software buying for AWS customers.
• Vendr's acquisition of Blissfully enhances its SaaS management capabilities.

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