Vendor Management Software
Take complete control of your vendor relationships with AI-powered intelligence, automated onboarding, multi-contact management, and real-time risk monitoring. Next Renewal's vendor management capabilities are built directly into your contract management workflow for seamless operations.
Simba 360° AI Vendor Intelligence
Simba 360° is our breakthrough AI-powered vendor intelligence system that performs 30+ orchestrated AI calls per vendor search. Before every negotiation or renewal, your team gets comprehensive intelligence including:
- Financial Health Analysis: Real-time revenue data, profitability trends, and financial stability indicators
- Stock Performance: Market capitalization, share price trends, and investor sentiment
- Competitive Landscape: Alternative vendors, market positioning, and competitive advantages
- Risk Assessment: Bankruptcy risk indicators, legal issues, regulatory compliance, and supply chain vulnerabilities
- AI Negotiation Playbooks: Data-driven strategies for better contract terms based on vendor financial position and market dynamics
Simba 360° covers 260+ verified vendors and delivers actionable intelligence that helps organizations save an average of $2.4M annually.
Vendor Self-Service Onboarding
Streamline vendor onboarding with automated workflows. New vendors can self-register through a branded portal, providing their company information, contacts, certifications, and compliance documents. The system automatically verifies information, creates vendor profiles, and notifies your procurement team when new vendors are ready for review.
Multi-Contact Management
Track every relationship across your vendor network. Manage multiple contacts per vendor with role assignments, communication history, and activity tracking. Know exactly who to reach for sales inquiries, technical support, account management, or escalation at every vendor in your portfolio.
Real-Time Risk Monitoring
Stay ahead of vendor risks with continuous monitoring. Simba 360° tracks financial health changes, news events, market shifts, and compliance issues across your entire vendor portfolio. Receive instant alerts when a vendor's risk profile changes so you can take proactive action before problems impact your business.
How It Works
Next Renewal's vendor management integrates seamlessly with your contract workflows. When you create or renew a contract, vendor intelligence is automatically available. When approval workflows trigger, vendor risk data informs decisions. When renewals approach, Simba 360° provides negotiation intelligence. Everything works together in a unified platform.