BOSTON–(BUSINESS WIRE)–Vendr, the leading SaaS buying platform, has announced the release of Workflows, a game-changing feature that simplifies and scales procurement processes for their customers. With Workflows, users can easily define, automate, and streamline procurement processes, reducing admin tasks and providing better visibility for teams. The new tool enables collaboration across stakeholders and teams, while ensuring standardization and consistency throughout the entire procurement ecosystem.
Streamlining the Traditional Procurement Process
The traditional, manual process of managing contracts can be inefficient and riddled with mundane admin tasks. Workflows changes this process, allowing users to manage software purchases by tagging stakeholders at the optimal time, and tracking the linear progression of a purchase from intake to review, approvals, and negotiations that culminate in a contract. With total software spend and management in one central location, users can make more impactful business decisions and achieve better outcomes.
Revolutionizing Procurement Management
“Companies are buying more software than ever – it’s one of the greatest levers for any business. However, buying and renewing software is a messy, manual process and requires a major time commitment from procurement and finance leaders,” said Vendr co-founder and CEO, Ryan Neu. “Workflows simplifies the intake-to-procure process and takes the repetitive, administrative tasks off finance leaders’ plates, creating delightful, compliant purchasing experiences. Vendr is in the business of giving time back to procurement leaders, and Workflows helps those leaders go from busy to strategic.”
Powerful Customization and Automation
Over 360 customers, including InVision and Mixpanel, use Workflows to build, manage, and scale their procurement processes. The intuitive tool offers total customization capabilities as well as easy-to-use templates that provide instant visibility into purchases. Auto-renewal options allow teams to set up email and Slack reminders in advance, opening the door to renegotiate contracts as necessary. Companies that use Workflows alongside Vendr Explore benefit from a singular engine through which to find, buy, and manage software. Backed by the deepest SaaS data set in the world––from billions in spend processed from tens of thousands of deals and thousands of suppliers––Vendr’s suite of features empowers procurement and finance professionals to focus on more strategic, meaningful work.
Transforming Procurement Management for Fast-Growing Companies
“Purchases that previously required multiple email threads and manual management now flow through a single intake form and an automated approval process,” said Tessa Hamilton, IT Help Desk Lead at InVision. “With the addition of Workflows, we’re not just using Vendr for negotiations. It’s become our procurement management tool for all our purchases.”
Vendr is changing how companies find, buy, and manage SaaS. The first of its kind, Vendr’s SaaS buying platform offers both a product and people-powered service to enable the world’s fastest-growing companies to purchase software quickly and with guaranteed savings. Today, Vendr has facilitated billions in SaaS purchases across thousands of suppliers for Finance and Procurement teams at HubSpot, Brex, Canva, Reddit, Toast, and more.
For more information or to automate your procurement process today, visit: http://vendr.com/blog/announcing-workflows-procurement-automation.
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