Vendorful is a technology company that provides AI-powered software solutions designed to streamline and simplify complex B2B engagements. The company serves procurement, vendor management, and supply chain teams by offering tools for running RFPs, reverse auctions, onboarding vendors, managing vendor data, storing contracts, setting reminders, building scorecards, and tracking performance. Vendorful operates in the B2B market, targeting corporate buyers and vendors who seek to optimize their procurement and vendor management processes. The business model is based on a SaaS (Software as a Service) approach, where clients subscribe to use the platform's various tools and features. Revenue is generated through subscription fees and possibly additional service charges for premium features or support. Vendorful's solutions help organizations reduce costs, improve efficiency, and make smarter decisions by aggregating key data and providing actionable insights. The company's AI-powered assistant is particularly beneficial for B2B vendors looking to drive more revenue with less effort and time.

Keywords: AI-powered, SaaS, procurement, vendor management, supply chain, RFPs, reverse auctions, scorecards, B2B, data aggregation.