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Vendr competitors and alternatives

Table of Contents

In this article, we’ll take a look at several Vendr competitors and alternatives to see how each attempts to simplify purchasing and maintaining your SaaS stack. But before that, let’s understand what Vendr offers to its users:

What is Vendr?

Vendr is an end-to-end platform that attempts to simplify the purchasing of SaaS software and provides insights based on a large pool of gathered data for buying. It includes search, buy, and management services in one centralized platform and has a solution for multiple teams. Departments targeted include finance, procurement, IT, sales, etc. 

You can think of Vendr as a way to replace a procurement team. Instead of handling 500 SaaS products yourself and having overlapping spend, you can use Vendr to close the deals and provide complete visibility to help you manage your SaaS spend.

Let’s look at some features of Vendr that sets it apart from other SaaS handling platforms:

Key Features:

  • Team of buyers
  • Price benchmarking
  • Streamlines workflow integrations
  • Notifications about upcoming SaaS renewals, updates, and overlapping spends
  • Reporting, analytics, and trends
  • Auto compliance and security checks
  • Maintains an audit log
  • A centralized management platform and insights dashboard
  • Flat pricing for each plan

Reviews:

Users have reported their experience with Vendr largely positive, with almost everyone backing up the company’s claim of saving money during SaaS deals. Users are pleased about their procurement process, fast closure of deals, transparent work, and proper legal support. That said, some Vendr users have faced problems navigating through the application, and some would like more effective reporting services. Pricing is expensive so it will not be a fit for every company, espcially SMBs and Mid-Market organizations.

Pricing:

Vendr offers its starter package for $36,000 for companies with $400K-$1M annual spend. 

Pros:

  • Vendr offers flat rates with no extra charges for add-ons 
  • With each plan, users get the same features and services, for instance, buying support, industry insights, and complete visibility into records
  • Guarantees minimum number of savings with each plan, for example, $36k savings with the Starter
  • Money-back policy if the claimed benchmark of savings is not reached

Cons:

  • The plans are too expensive for SMBs and most Mid-market companies
  • With Vendr, companies are required to spend a fixed amount on their SaaS for the plans to be successful.
  • Requires hundreds of thousands of SaaS spend
  • Negotiations may not always be in the best interest of the buyer
  • Typical startup challenges

Comparing Vendr Competitors and Alternatives

When evaluating a buying decision to work with one of the many Vendr competitors and alternatives, it’s important to keep a few things in mind.

  • Do I spend enough on SaaS to make this worthwhile?
  • How often do I purchase and renew software?
  • What is my current process and how will things change if I make a switch?
  • Who is responsible for managing the SaaS licenses
  • What are our main SaaS management goals?
  • Do we need to automate certain workflows?
  • How are we currently tracking software renewals?
  • Do we waste enough money on SaaS to make this a smart purchase?

Answering those questions will help you more effectively evaluate which of the Vendr competitors is the best fit.

List of Vendr Alternatives and Competitors:

Although Vendr was founded about four years ago, it has become a category leader in SaaS buying and renewal. Despite this, if you are looking for more options, there are many alternatives to Vendr available in the market. Some of the Vendr competitors do something very similar to Vendr, others are more focused on SaaS management software.

In no order, these are the opt Vender competitors and alternatives:

  • Tropic
  • G2 Track 
  • Zylo 
  • Torii 
  • BetterCloud 
  • Spendflo 
  • Productiv 
  • Zluri 
  • Airbase 
  • LeanIX

Vendr Competitors and Alternatives:

There are many Vendr alternatives users can opt for, depending upon their budget and requirements. In this section, let’s see the services they offer and how they compare to Vendr:

Tropic

Tropic is a SaaS procurement platform for Tech-focused companies. It guarantees 23% savings, reduces the time spent on negotiating deals, and promises a 3x ROI on investment in its platform. It is the #1 Vendr competitor.

Use Cases:

Tropic is an all-in-one solution for your business’ finance, IT, and procurement department. Providing a team of negotiators, benchmarking capabilities and trends, and automatic compliance and management of deals. Tropic can replace part of an enterprise purchasing requirement.

With its ability to provide procurement and SaaS management through a single platform, Tropic is the closest alternative to Vendr available in the market. 

Key Features:

  • Makes deals on your behalf
  • Notifies about every step of the purchasing process until deal closure
  • Handles approvals with dynamic and customizable workflows
  • Automatically looks for saving opportunities and tracks utilization (in beta phase)
  • Handles purchase requests for your team
  • Compliance and Security management
  • Contract management and organization
  • Data insights like vendor scorecards and benchmark data to help you in finding the right software

Pricing:

The basic plan starts at $3750 per month on an annual plan so $3750 X 12 = $45,000 just to get started. And requires a minimum spend of $250k to $1M while including all the services (software, data, and insights) without any limitations.

Reviews:

Customers have backed up Tropic’s claims of stakeholder compliance surety, savings per deal, and reduced time spent on negotiating agreements. They have also found the team young and energetic. However, many small and medium-sized businesses have found this offering to be out of their budget. 

Pros:

  • Ease of Use
  • Reporting and Analytics
  • Unlike Vendr, it handles overall spend instead of just focusing on SaaS

Cons:

  • Dashboard needs improvement
  • Too costly for SMBs and most Mid-market companies
  • Requires huge SaaS spend to be worthwhile
  • Frequent changes due to the company being a startup
  • No Slack Integration

Compare Vendr vs Tropic in this deep dive.

Zylo

Zylo is a SaaS management platform with negotiation services. . It claims to manage 30M contracts and 21b in transactions and has an AI-powered tool to help companies purchase the right software and manage their tech stack efficiently.  There are other Zylo competitors and alternatives to consider.

Use cases:

Zylo is for IT, software asset managers, and CIOs. Using Zylo, businesses manage their SaaS contracts and ensure licensing and compliance. It also works as a SaaS software discovery platform, offers negotiation services, and manages the purchase and finances of a company’s tech stack. 

Key Features:

  • AI-powered Discovery Engine
  • Data-driven Benchmarking
  • Detection of Shadow IT
  • License and Compliance Management
  • SaaS Visibility
  • Renewal, Spend, and Duplication Management
  • Actionable Insights
  • Interactive Dashboard

Pricing:

Zylo offers custom quotes based on the number of add-ons a company chooses, along with the essential services included in the platform. We have Zylo pricing. The cost is not going to be a fit for SMBs or Mid-market companies as the entry point is quite high.

Reviews:

Users have reported the platform’s ability to handle renewals, visibility, and software management services to be praiseworthy. However, many are not satisfied with the current UI and limitations.

Pros:

  • Dashboard with Visuals
  • Reminders about upcoming contract renewals
  • Custom fields to segregate software into departments, such as finance, IT, etc.

Cons:

  • Heavy reliance on Okta
  • Limited integration options
  • Limited reporting
  • Offline data processing to ensure the validity of information
  • Expensive

Spendflo

Spendflo is another SaaS buying platform that helps with renewals, spend management, and product discovery. They also offer negotiation services.

Use Cases:

Businesses can use Spendflo to manage their SaaS finances, reduce workload and time taken for procurement, enhance and establish security and compliance measures, and automate the approval processes.

Key Features:

  • Access to Buyers
  • Benchmarking Data
  • Slack Integration
  • Complete Visibility and Management of Contracts (current contracts, upcoming renewals, total savings, etc.)
  • Security and Compliance Surety
  • Automatic Search and Update for Contract History
  • Intelligent Discovery Tool
  • Playbooks and Tactical Information

Pricing:

Spendflo offers its basic package at $2,500 per month on an annual basis. For a starting price of $30,000. With the promise of $300k in savings and requires a minimum spend of $250k on SaaS products.

Reviews:

Spendflo has positive user reviews regarding its team, especially for its communication, and responsiveness. At the same time, users demand better analytics and tool comparisons.

Pros:

  • Excellent Customer Service
  • Renewal Notifications and Status Reports
  • Slack Messaging for Software Requests

Cons:

  • Multiple executives handling renewals, which is difficult to keep track of
  • Less Automation, More Focused on Services
  • Requires significant minimum spend
  • Costly to get started

BetterCloud

Unlike Vendr, which provides 360 SaaS services, BetterCloud calls itself a zero-touch SaaS operations and management platform. BetterCloud is positioned differently as one of many Vendr competitors. They are primarily focused on easing the everyday tasks of a business’s IT team and providing seamless SaaS management services. 

Use Cases:

BetterCloud helps in discovering suitable SaaS products, onboarding and offboarding employees smoothly, automating repetitive and frequent workflows, handling the security of files, applications, and information, and allowing users to set privileges and roles of each employee. 

Key Features:

  • Automated Workflows
  • Data-driven insights, analytics, and reports
  • Employee Access Control
  • Policy Regulation and Compliance Surety
  • Risk Handling
  • No-Code Integrations
  • Built-in Templates
  • Free ROI Calculator
  • Integrations with Google Workspace, Okta, Microsoft 365, and Other Essential Platforms
  • APIs and Customizations of Reports and Triggers
  • Centralized Dashboard

Pricing:

The company does not provide pricing details online. However, pricing is known to be significant as this is an enterprise focused product.

Reviews:

Users have found BetterCloud’s one-click automation and data loss prevention highly beneficial. However, many have faced issues with subscription cancellation and the speed and responsiveness of workflows. 

Pros:

  • All-in-one Dashboard
  • Advanced Automation of Repetitive Tasks
  • Prevents Data Loss
  • Identification of Shared Sensitive Information

Cons:

  • Frequent workflow bugs
  • Limited Billing Facility with Only Yearly Contracts
  • Highly Expensive with Frequent Price Hikes
  • Issues with Email Formats
  • Expensive
  • Does not work well with Apps other than G-Suite

Check out our comparison of Torii vs BetterCloud.

Productiv

Productiv is a SaaS management software that uses SaaS Intelligence to make operations more impactful. Optimum ROI employers like Fox, Uber, and Zoom manage their SaaS portfolios with Productiv’s employee-centric, data-driven strategy. They help enterprises of all sizes enable proactive governance, boost operational velocity, and accelerate employee engagement by providing real-time employee engagement data down to the feature level.

Use Case 

The SaaS Intelligence Platform, Productiv, addresses businesses’ complicated, specialized IT, procurement, and CIOs requirements. They offer enterprises application engagement analytics to assist them in analyzing, directing, and improving their application portfolios. 

Key Features 

  • Reporting 
  • Recommendations 
  • Peer Benchmarking
  • Contract Management
  • User Sentiment Tracking
  • Dashboards and Visualizations

Pricing

Along with the essential services built into the platform, Productiv provides customized estimates. It is an enterprised focused product so likely quite expensive.

Reviews 

The platform has received positive feedback from users for its ability to handle software renewals and the insights it provides into shadow IT. Yet many are unsatisfied with its constrained selection of connectors and provisioning methods.

Pros

  • Availability of application spending
  • A calendar view of contract renewals
  • Ability to see license utilization by the team

Cons

  • Each application has a different property, so the solution is scattered
  • Limited connection with SaaS tools
  • Expensive

Airbase:

Airbase is spend management software. Accounts payable, a sophisticated corporate card program, and employee cost reimbursements are all combined into one system.

Use Case 

Airbase provides a dependable and practical platform experience for non-payroll spending. Automated accounting and approval workflows offer real-time data, visibility and control, and a quicker closing. Company CEOs, account managers, controllers, finance teams, can use Airbase to manage their finances efficiently. 

Key features 

  • Reporting
  • Automated Reminders
  • Smart Categorization
  • Ease of Creating Expense Reports
  • Bank / Credit Card Integration
  • Digital Receipt Management
  • Performance and Reliability
  • Complex Approval Workflow
  • User, Role, and Access Management

Pricing

Airbase offers three plans, with its most basic plan starting free. The Growth and Enterprise plans are suitable for 50-300 and 300-5000 employees, respectively, so companies bigger than this need to opt for something else. Two different options, Bill Pay+, which offers essentials of account payable in addition to spend management, and Reimbursements+, which allows you to reimburse employees for their out-of-pocket expenses along with core services, are also present for a custom quote. 

Review

Users have given the platform high marks for effectively handling all of the business’s expenses. However, many find its lack of assistance for international reimbursements dissatisfying.

Pros

  • OCR-based automatic bill coding 
  • Auto-coding of credit cards with a receipt management feature. 
  • A top-notch implementation and onboarding team. 
  • A customer care team that responds quickly.  
  • Airbase updates its functionality in response to user feedback. 
  • Quick and significant product updates and excellent UI/UX. 

Cons

  • Lack of expense reimbursements 
  • Lag in the mobile app
  • Restrictions on where users can spend monetary amount 
  • Mostly focused on accounting, less about SaaS buying and renewal management

Zluri

Zluri is a SaaS management platform for enterprise businesses. Seventy percent of SaaS goods are unknown to the IT department due to decentralized SaaS product purchasing. Zluri aids IT teams in learning about this and streamlining software across the company, strengthening the enterprise IT architecture.

Use Cases

From a single dashboard, it facilitates the discovery, management, and optimization of your SaaS stack. The platform is built for a business’s finance, IT, and procurement teams and offers SaaS buying services to facilitate department heads securing their required apps quickly. 

Key Features 

  • Onboarding
  • Offboarding
  • Remove duplicate apps
  • Smart application discovery
  • Eliminate compliance risks
  • Consolidate apps with overlapping functions

Pricing

Zluri does not disclose its pricing online and requires interested companies to contact the sales team to secure a quote. However, pricing is not believed to be cheap.

Reviews

Users have praised the platform for its ability to manage all of the SaaS apps and onboard and offboard employees to SaaS software.

Pros

  • SaaS Spend 
  • Visibility 
  • User-friendly UI 
  • Renewal Alerts
  • Automated Workflow
  • Robust Operating System 

Cons 

  • Limited Features due to the product being in an early stage
  • Lagging inside application
  • Cost

Torii

Torii is an SaaS tracking solution, optimizing and controlling SaaS usage/costs and acting as a versatile Saas Management Software for large enterprises. A Vendr alternative as they also focus on the enterprise, Torii automatically discovers and maps applications, and users receive ongoing information about which applications are being utilized, by whom, and how much money is being spent. Additionally, users can view new applications and external users, spot strange financial activity, and find potential for optimization like concurrently used, related applications.

Use Case:

Torii is used by enterprise and large enterprise companies. A variety of SaaS applications, such as identity management, communications, CRM, marketing, HR, finance, and accounting, can be tracked, managed, and optimized using the cloud-based Torii. In addition to providing IT departments with capabilities for task and workflow automation, the software also delivers ongoing insight into application utilization and optimization options.

It also assists in renewing contracts; notifications are automatically created, and onboarding/offboarding operations can also be automated.

Key Features:

  • APIs and Integrations 
  • Notifications 
  • Activity Panel
  • Reports & Statistics
  • Import/Export Dataset 

Pricing:

Torii offers an individual and customized subscription for their software. However, given the target customer, cost is going to be expensive.

Reviews:

Torii users have liked the platform for many reasons, including its responsive team, good work presentation, and license management. However, users find it lacking in terms of integration options with SaaS tools.

Pros:

  • Easy to use 
  • Feature-rich
  • Affordable 
  • Powerful workflow
  • Excellent user experience 
  • Keeps track of all Saas expenses 
  • Provides visibility to all Saas Tools

Cons:

  • Lack of transparency  
  • Manual Implementation
  • Extremely expensive
  • Not a fit for SMB or Mid-Market companies

Vendr Alternatives and Competitors Reviewed

With so many options available as alternatives to Vendr, you have to choose the one that best fits your requirements. Unfortunately, for many SMBs and Mid-market companies, none of these solutions will work. If you’re a large enterprise company, you’ll have various Vendr competitors to consider. Weigh each pro and con, check out the key features that align with your work, and of course, understand pricing.

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