Vendr Explore offers a dynamic SaaS catalog for transparent procurement

Vendr, the SaaS buying platform, is launching Vendr Explore, the dynamic catalog designed to offer a comprehensive view of the entire software ecosystem so enterprises can more efficiently browse and purchase solutions.

This release from Vendr finds its origins in the massive spend associated with enterprise-level SaaS purchases; according to Gartner, costs associated with enterprise software will exceed $750 billion in this year alone. Organizations rely on enterprise software and its effective management—this ever-growing price tag presents a gap in ROI and TCO with over 19,000 products paired with dynamic market share insights.

“The way software is bought and sold today is riddled with friction––buyers don’t have the necessary data to understand if they’re buying the right tool or getting a fair price. Sellers are spending nearly 80% of their time with people that may never buy due to improper fit,” said Ryan Neu, CEO and co-founder of Vendr. “It’s inherently inefficient.”

With Vendr’s Explore catalog, enterprises can trust that their software procurement will meet exactly their business needs. The catalog drives Vendr’s ability to connect buyers to SaaS solutions they need, accompanied by fair pricing terms, streamlined procurement, and risk-free purchases for many suppliers—or Vendr will buy out the contract, according to the company.

Offering a clear line of sight into where an enterprise has already invested, Explore is designed to increase trust and transparency for software buyers.

“We launched Explore with the goal of removing friction and leveling the playing field for a more transparent SaaS buying and selling experience. The result is winning outcomes for everyone involved—fair pricing, faster purchase cycles, and fewer wasted resources,” continued Neu.

Backed by the deepest SaaS dataset in the world, Explore maximizes buyer confidence. Enabling businesses to analyze what competitors are buying, summarize compliance details, and reveal pricing trends, enterprises are powered with data to make the right SaaS purchase.

For the top 4,000 products, Vendr offers Vestimate (a Vendr estimate) of how much an enterprise is expected to pay, encouraging more informed buying.

“Vendr has saved companies upward of $350M on SaaS spend by organizing their stack, speeding up internal procurement processes, and empowering teams with the tools they need,” explained Neu. “Through access to data, velocity, and transparency, Explore is a major step toward the frictionless future Vendr is working to create.”

To learn more about Vendr Explore, please visit https://www.vendr.com/.