Top 7 Vendor Management Software of 2025

Why Use SafetyCulture?

Widely recognized for top-notch risk management and compliance assurance, SafetyCulture is the best solution for organizations looking to manage their vendor relations effectively. With its robust and versatile tools, third-party oversight, collaboration, and professional advancement won’t be as challenging. No other platform can uphold quality, monitor risks, and maintain compliance as effectively as this free vendor management software.

Features:

• Streamline vendor-related processes by utilizing checklists for supplier selection, onboarding, approvals, inspections, and audits available in the Public Library.

• Ensure day-to-day goals are met by assigning tasks to vendors, providing clear to-do lists, and tracking their progress.

• Resolve incidents and disputes promptly through continuous risk assessment and monitoring.

• Enhance accountability and transparency by maintaining a comprehensive record of all vendor interactions and evaluating those for compliance and future operational improvements.

• Access vendor information, invoices, and payment status from a central hub, integrating all digital tools and systems into the platform.

Why Use Gatekeeper?

One of the most intuitive vendor and contract lifecycle management (VLCM) software in the market, Gatekeeper automates workflows related to managing third-party associates, from onboarding to risk scoring. It stands out due to its over 200 integrations and AI-powered data extraction.

Features:

• Vendor processes automation

• Task delegation

• Performance Management

Why Use AuditBoard?

A well-known audit management platform, AuditBoard helps companies streamline their risk-related processes and compliance. Although it doesn’t have a module specifically designed for vendor management, its risk assessment tools can be used to track third-party threats, ensuring proactive mitigation and prompt issue resolution.

Features:

• Streamlined vendor onboarding

• Dynamic risk assessments

• Third-party risk reduction and mitigation

Why Use Airbase?

Primarily an expenses management platform under Paylocity, Airbase offers features useful for specific vendor-related tasks, such as reviewing contracts, sending purchase orders, and tracking payments. With its all-in-one spend management capabilities, companies won’t have difficulties managing third-party finances.

Features:

• Guide procurement

• Expense management

• Spend analytics

Why Use Procurify?

A procurement and spend management platform known for its ease of use, Procurify has functionalities that may also be used to manage vendor relations. Suitable for growing companies, this is the perfect tool for onboarding, order preparations, and rate negotiation through their procurement-to-pay system.

Features:

• Vendor onboarding

• Rates negotiation

• Spend analysis

Why Use SoftCo?

A notable financial process automation software, SoftCo offers numerous solutions including procure-to-pay, touchless invoicing, and payment automation. But the best thing about this is it’s versatile and flexible enough to be an effective vendor management system software, helping companies with contract management, onboarding, and performance monitoring.

Features:

• Intuitive vendor portal

• Complete vendor visibility

• Reporting and AI-powered analytics

Why Use TYASuite?

A practical and easy-to-use Enterprise Resource Planning (ERP) solution, TYASuite is a perfect choice for those wanting to manage their vendor relations efficiently. With numerous modules including procurement, inventory control, and contract management, companies can adopt the features required and stay within budget. 

Features:

• Simplified onboarding

• Real-time screening and approval workflows

• Procurement cost control