Vendr Bids

Name: Vendr Bids
Rating: 5.0 (1 reviews)

Get bids on any SaaS in 24 hours — 100% free and anonymous

5.0•1 review•

234 followers

Get bids on any SaaS in 24 hours — 100% free and anonymous

5.0•1 review•

234 followers

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Lead generation software

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Savings apps

Get the best SaaS prices within 24 hrs, 100% free and anonymous. Choose your SaaS, select any SaaS for competitive prices, and get bids in a day. No “Contact Sales” hassle ever. With over $4B negotiated, $350M saved, Vendr Bids gets you the best price.

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Launch tags:SaaS•Money•Operations

Launch Team

Framer AI AgentsDesign and publish professional sites with AI

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Vendr Bids

Maker

📌

What's up, Product Hunt 👋! Zac from Vendr here—couldn't be more excited to officially get the world up to speed on our new product Bids that's been underway for months… After processing billions in spend working with thousands of companies to save hundreds of millions on software, we wanted to solve one of the biggest problems buyers face: getting software enterprise pricing without any back and forth. 🤔 You might be wondering, how does Bids do this for SaaS? 1️⃣ Select any SaaS you are looking to buy, renew, or aren't happy with 2️⃣ Choose any competitive SaaS you’d like to receive bids from 3️⃣ Receive bids in as little as 24 Hours Vendr Bids gets you competitive bids in 24 hours without having to pick up the phone. Best part? You stay anonymous, while the sellers compete for your business. 🆓 This is 100% free for Product Hunt. We're here in the comments all day. Can't wait to hear what you all think! Thank you 🙏!!

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2yr ago

Vendr Bids

Maker

@nermin_zejnilovic oh, great question. Short answer - Not currently on our roadmap. Long answer - Maybe? Vendr's bread and butter is SaaS but our procurement software (https://www.vendr.com/products/p...) works for anything. So we definitely have good experience helping users with non-SaaS. We just don't have as large of a catalog with as rich of data on non-SaaS so I think it would be harder for us to materially help buyers and sellers in the short term. With that being said, would love to hear more about what use cases you are thinking about. We adjust our roadmap based on customer needs all the time. Let me know if that answers your question or if I can clarify more.

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2yr ago

Vendr Bids

Maker

@nermin_zejnilovic Gotcha. That's helpful to hear the use case. I'll add this feedback to our roadmap. We have heard this from a few folks so far and I'm definitely curious to see if we hear it more. In the short term, if you do need any help with this, feel free to let us know. Even if Vendr Bids cannot help immediately, benefit of Vendr being 5+ years old and literally processing billions for customers, we have plenty of experience and might be able to point in the right direction.

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2yr ago

Vendr Bids

Maker

@shivam_tiwari24 thanks for the kind words + support. Our mission at Vendr is to fix sales. We've spent the last 5 years improving how buyers and sellers procure software and have some great numbers proving our success at that. We are very excited by this initial launch of Vendr Bids since getting competitive offers is something we always talk about. There is still a ton left for us to do but excited for the current traction and the future. If you have any other future questions, please let us know!

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2yr ago

Software Prices by Vendr

Maker

@nermin_zejnilovic what other products/services would you consider using Bids for? Would love to learn and see if others in the community feel the same.

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2yr ago

@zsheffer congrats on the launch Zac!

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2yr ago

Really cool! Congrats on the launch! Just wanted to test and see alternatives for ActiveCampaign but haven’t found it in the list. How do you guys add new services?

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2yr ago

Vendr Bids

Maker

@pixelpirat - on https://bids.vendr.com - click the blue "Replace" button - then start searching in that list, if it doesn't show up you'll get a little prompt to request any product At that point, we get notified and will work to ensure that ActiveCampaign and their competitors are added to the list and will follow the rules of the marketplace. We purposefully added this constraint because we want to ensure that sellers being added understand the rules and will respond quickly. We are constantly working to expand the list in there and apologize if we are missing anything in the short term. @jmerk0110 helps lead up the seller relations for Vendr Bids and can add additional context. If you have any other products you are thinking of buying or replacing, then hopefully they are in there and we can get you some initial bids going. Hope that answers your question! Please let us know if you have any others!

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2yr ago

Vendr Bids

Maker

Thanks @pixelpirat and appreciate your support! To Zach's point, we added this constraint in to the initial launch to ensure we can turn offers around quickly. We'll continue to add suppliers and additional categories fairly consistently moving forward. Please submit which products you'd like to see and we can get them added ASAP!

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2yr ago

Workspaces

Congrats on the launch! Skipping sales calls sounds amazing (we need this for car buying as well 😅)! Q: Do you see any price quote differences between those looking to replace an existing service vs those looking to make a new purchase? Or are they typically in the same ballpark?

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2yr ago

Vendr Bids

Maker

@ryangilbert Thanks! Yeah, the anonymous for buyers is a really interesting point that, candidly, we've debated a lot about. In some instances it can be better for the buyer to share their organization and that will actually lead to a better outcome but that can also lead to being forever being pinged by sales teams just to know a price. Re. your question, replacements tend to get a more 'precise' price because SaaS competitors tend to have a pretty good understanding of each other. Your switching from one software over to a competitor, if you provide the basic services you are already using, unhappy with, and user count the competitor can pretty quickly give you a better price if they want that deal. New purchases definitely have more negotiating power vs just a flat renewal though. Hope that answers your question! Buying & Selling SaaS is such a nuances thing, which is why Vendr has an amazing team of SaaS Consultants to literally help answer these questions for customers.

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2yr ago

Software Prices by Vendr

Congrats on the launch! How does the end to end sales and implementation cycle with Bids compare with the timeline of a traditional sales cycle?

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2yr ago

Vendr Bids

Maker

@evan_youngblood We know that for many SaaS buyers, the process of sourcing competitive bids can take weeks between back-and-forth emails, demos, etc. We are seeing that part of the process reduced down to days. Candidly, we still need more time to prove out the stats but early returns are great: a recent buyer for a replacement software requested a bid and closed on a deal within 10 days!

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2yr ago

Saidar

Definitely looks like an useful product, congrats on the launch! How does the platform find SaaS platforms to list and replace? Also, what's the current success rate for users to find cheaper prices?

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2yr ago

Vendr Bids

Maker

@soumilrathi Thanks so much for the comment. It's been a great launch day, especially fielding these questions! Vendr has been in business for five years, and during that time helped customers to negotiate SaaS (over $4B negotiated and $400M saved). So while Bids is a new product, we've been working with SaaS sellers for quite some time. We started Bids with a core set of sellers that we know are market leaders and are committed to fast transactions at a fair price. We want to ensure that when a buyer places a bid request, we can fulfill it. Within the platform, software buyers can request sellers that are not listed. That (along with the rest of Vendr business) will help us to track new players and product categories with a lot of demand and start onboarding them to accept bids. We're also always happy to hear from sellers who want to join in at bids@vendr.com To your question about success rate, we still need more data to publish that rate for Bids. However, we know through our core business that "optionality" or getting multiple competitive bids is the quickest lever to drive a fair price, period! Just hoping we make that process a ton easier here.

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2yr ago

Saidar

@brian_salts_halcomb Thank you for the detailed response!! Definitely would love to list my product onto the platform as well. I ended up trying out the UI/Interface, and it all looks great! Once again, congrats on your launch!

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2yr ago

Vendr Bids

Maker

@soumilrathi absolutely, drop us a line! bids@vendr.com

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2yr ago

Corgea

Hi @zsheffer , this looks great! As a company that would like to sell to your customer base, is there a directory of requests that we could bid on?

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2yr ago

Vendr Bids

Maker

@ahmad_sadeddin yeah, of course! Please go to https://www.vendr.com/labs/bids and sign up for the seller waitlist. Our team will receive that and reach out shortly to collect some info to get the ball rolling.

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2yr ago

Corgea

@zsheffer sounds great! Just did :)

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2yr ago

Software Prices by Vendr

Maker

Hey Product Hunt! Ryan, founder of Vendr here, echo'ing everything Zac said and couldn't be more proud of our team for what we've built with Bids. When I started Vendr, I had one vision: make it easy (and transparent) to buy software. That vision is amplified, and at the forefront with Bids. Everything we've learned and built from our time growing Vendr is at the core of the entire Bids experience—literally, say goodbye to “Contact Sales”... 🛫 We’ve made it simple: Tell us your what SaaS product you want to buy or churn from, we get you Bids, and you get the best price in a day. You can choose to remain 100% anonymous until you accept a SaaS bid. We are very excited to get feedback from the Product Hunt community, and Bids will always be free forever. I’m personally here as well. Thank you all!

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2yr ago

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5.0

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