Vendor Management: A Single Point of Contact for All Your Needs

Your small business works with vendors to ensure it has access to all of the tools and services it needs to function, but managing them all can be tedious and tiresome. If you’re not careful with how you manage your vendors, it can become a job in and of itself—and you don’t have time for that. Vendor management doesn’t have to be hard, though, and with Preferred, it can be a breeze.

Why Vendor Management is Hard

Consider all the tools your business uses on a daily basis and try to list them all out.

Your Internet, accounting software, customer relationship management software, productivity suites, data backup, security… the list goes on. Each vendor has its own policies, pricing structures, terms of service, and support channels. When it comes time to renew a contract or ask for help, it’s a massive pain to hunt down the appropriate contact information, and it can be a massive drain on your business’ time and resources.

The solution is simple: find a single point of contact for all of your vendor needs, and that’s exactly how vendor management services work.

How Vendor Management Works

Imagine being able to contact one business who can help you address issues with your account software, renew a contract with your security provider, or cancel subscriptions to unnecessary software services.

Normally, you’d have to contact each provider individually, but with vendor management services from a managed service provider, you have just one business to contact for all of it: the service provider themselves. If we were your managed service provider, you could contact us for any and all of your vendor needs; we would then hunt down the appropriate details to contact the vendors and work with them on your behalf. This frees up time and energy that could be better spent on your business.

But that’s just the beginning of the advantages.

The Benefits of Vendor Management Services

As your vendor management point of contact, our goal is to make working with external vendors as easy as possible for your business.

We can be your single point of contact for all your vendor needs. Preferred can manage contracts with existing vendors, negotiate new agreements, and ensure that vendors are held accountable for delivering on their promises. You won’t have to worry about licenses expiring or unexpected price hikes, and your team will always know who to contact for support requests.

In essence, we become your dedicated vendor management team—and better yet, you can leverage our network of vendors to get the best deals possible. How does all that sound?

Ready to outsource your business’ vendor management to Preferred? Find out more by calling us today at 708-781-7110.