Upgrade Your Vendor Management with Venminder
What do you like best about the product?
Venminder provides an easy-to-use centralized repository for vendor information, risk assessments, due diligence, and contracts and renewal dates and reminderds, which makes it easier to manage vendor relationships. They also provide valuable support and expert guidance to our team.
What do you dislike about the product?
We are not taking advantage of the outsourced managed services due to the additional cost, so we still have to do the risk assessments, oversight, etc.
What problems is the product solving and how is that benefiting you?
Venminder allows us to keep all of our vendor information in a centralized place that department heads/product managers can access to help with the risk assessments and due diligence/oversight. They also send reminders before contracts renew, so that we can review and renegotiate vs. just letting the contract roll. They also provide expert guidance on vendor management, which we find valuable.