VendorPM Expands Its Platform with Contract Management, Creating Industry's First End-to-End Vendor Lifecycle Management Solution
Property management professionals have long struggled with disconnected point solutions and manual processes when managing vendor relationships, leading to unnecessary risk exposure, inefficient processes and an overall lack of visibility and governance.
VendorPM’s new Contract Management module addresses these challenges by centralizing contract storage, automating renewals, and AI-driven analysis to drive costs down —all within one platform.
"From vendor onboarding to contract management and compliance tracking, everything is now accessible in one seamless experience. Our goal has always been to drive efficiency, compliance, and cost control in vendor management, and this expansion makes VendorPM the only end-to- end solution in the market to do so.” “Our mission since day one has been to modernize and streamline vendor management for property managers across North America,” says Emiel Bril, CEO & Co-Founder of VendorPM. “With the launch of our Contract Management module, property managers no longer have to juggle multiple logins, disparate systems, and manual workflows."
One Workflow, One Login, One Solution
A recent white paper published by Multimedia Family Network highlights the increasing need for a unified vendor management solution, citing the pain and inefficiencies faced by property management firms today as a result of disconnected systems. The report cites a staggering $600 billion spent annually by the industry on service vendors in North America alone, highlighting the transformative potential of technology in helping property management firms enhance operational efficiency and gain a competitive edge.
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