V

Vendorpanel

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VendorPanel Company Research Report



Company Overview


  • Name: VendorPanel

  • Mission: Making procurement simple, fair, and a force for good.

  • Founded: July 2010

  • Founded By: James Leathem

  • Key People:

  • James Leathem, Founder & CEO

  • Matt Clyne, Chief Revenue Officer

  • David Bubner, Chief Operating Officer

  • Headquartered: No information is available

  • Number of Employees: Nearly 100

  • Revenue: No information is available

  • Known For: A market-leading Source-to-Contract procurement solution. Trusted by hundreds of business and government organizations, thousands of buyers, and over 70,000 suppliers.


Products


VendorPanel Procurement Solution Suite


VendorPanel provides a comprehensive suite for managing procurement activities through a secure, cloud-based platform.

Procurement Modules


1. Procurement Planning:
  • Description: Helps in outlining procurement strategy and execution.

  • Key Features: Guided buying, smart procurement planning, integration with other modules.


2. Supplier Discovery:
  • Description: Facilitates finding and onboarding suppliers.

  • Key Features: Database of pre-qualified suppliers, social and indigenous business information.


3. Supplier Management:
  • Description: Provides tools for managing supplier relationships and performance.

  • Key Features: Performance tracking, compliance management, risk mitigation.


4. Go To Market:
  • Description: Streamlines the process of going to market with procurement needs.

  • Key Features: Tender management, evaluation tools, communication with suppliers.


5. Compliance Management:
  • Description: Ensures compliance with internal policies and external regulations.

  • Key Features: Policy guides, audit trails, compliance reporting.


6. Evaluation & Award:
  • Description: Manages the evaluation process for supplier bids and awards contracts.

  • Key Features: Evaluation tools, multi-party review capabilities, automated scoring.


7. Contract Management:
  • Description: Helps in managing the entire lifecycle of contracts.

  • Key Features: Contract creation, automated reminders, performance tracking.


8. Reporting & Analytics:
  • Description: Provides data-driven insights for procurement activities.

  • Key Features: Customizable reports, real-time analytics, dashboard views.


Recent Developments



New Products Launched


  • VendorPanel Marketplace: Driving local economic development through sub-tender procurement processes.


New Features Added


  • SOC 2 Type II Certification: Achieved in January 2024, enhancing security, availability, integrity, confidentiality, and privacy.

  • Advanced Evaluation Tools: Introduced to streamline the time-consuming process of evaluations.


Partnerships


  • Local Buy Partnership: Evolving partnership with Local Buy and the Queensland State Government to continue making procurement simple and fair.

  • Partnership with givvable: An ESG platform offering an integrated solution to empower buyers with information on suppliers' ESG credentials.

  • Acquisition of EBMS Nimblex: Strengthened procuretech landscape in key customer markets.


Awards and Recognition


  • Service Excellence in Small Contact Centre: Won at Australian Service Excellence Awards 2023 by the Customer Service Institute of Australia (CSIA).

  • Top 20 Westpac Business of Tomorrow: Recognized by Westpac for technology and growth.

  • Most Innovative Use of Technology Award: From the Chartered Institute of Procurement and Supply.

  • AFR Fast 100: Recognized for 44% CAGR (FY19 to FY21).


Other Developments


  • Phase Two of Nex Gen Procurement Ecosystem: Implemented for Queensland, enhancing Procurement Planning, Contract, and Risk Management.

  • Social Procurement and Local Development Goals: Supported by the Southern Program Alliance for major delivery of works.


Contact Information


VendorPanel operates in Australia, the US, Canada, and New Zealand. To get in touch or learn more about their solutions, you can visit their website and contact them via their provided channels.



This report is compiled strictly from the available data and includes only the information found in the provided data. Fields with no information have been marked accordingly.