No one owns vendors. That’s the problem.

The average company now uses over 100 SaaS tools.
Studies suggest up to 30% of SaaS spend is wasted.
More than half of data breaches involve third parties.

Yet in most organisations, no one truly owns vendors end to end.

Procurement approves the request.
Finance pays the invoice.
IT provisions access.
Legal reviews the contract.

After that, ownership often becomes unclear.

Renewals get missed.
Contracts auto-renew without reassessment.
Compliance checks are not revisited.
Costs gradually increase without visibility.

We spoke to a team that was forced into a €100k security renewal simply because no one owned the renewal timeline. There was no negotiation or re-evaluation. The deadline was missed.

This is not unusual. It is structural.

Vendor lifecycle ownership frequently disappears once the contract is signed.

That is how shadow spend grows.
That is how duplicate tools survive.
That is how risk compounds quietly over time.

This is why we built Vendorfi.

Vendorfi is designed to manage the full vendor lifecycle across SaaS tools, service providers, and recurring contracts, from evaluation to renewal and exit.

Curious how others are handling this.

In your organisation, who owns a vendor from request through renewal?

Is it clearly defined, or does responsibility shift between teams?