Magnetized Markets Information

VendorPanel simplifies procurement, reduces risk and drives savings. It is an easy-to-use, award-winning platform, trusted by over 2,400 buying organisations to manage $2.4 billion in spend last year. The problem we solve is a big one. Up to 60% of procurement is decentralised and hidden in email. This presents a real risk to transparency, governance and probity. Too often, this spending delivers poor value, with little real competition and no reporting or analytics. VendorPanel gives a procurement function full visibility and control of decentralised sourcing. Buying staff get competitive quotes and proposals from the right suppliers. Procurement Teams get transparency of sourcing, with real-time reporting and analytics. Executives can mitigate risk, drive savings, and deliver positive social and economic development impacts. Recent Awards 2018 Most Innovative Use of Technology in Procurement, CIPSA 2018 Top 20 Winner, Westpac Businesses of Tomorrow 2018 Excellence in RegTech (Finalist), FinTech Australia 2016 Entrepreneurial Supplier of the Year, PASA 2014 Best Government Technology, Victorian AIIA State Merit Award 2014 Deloitte Technology Fast 500 (Asia Pacific)