The Perfect Match for Optimizing your Vendor Management Program

Finding the right vendor in the right area has long been a challenge for multifamily operators. And for third-party service companies, getting new business has been difficult, sometimes forcing them to resort to door-to-door solicitation. But the gap is about to get tighter. This summer, RealPage is launching a new vendor management platform designed to make it easier for real estate industry service professionals to connect with apartment operators. Vendors and property managers can find common ground and get down to business quicker. Vendor Marketplace, a new feature of RealPage’s vast spend management platform set to launch at RealWorld July 21-23 in Orlando, offers property managers the ability to better search a single source of vendor information that contains well-qualified, reputable vendors to connect with them about their products and services. Companies in RealPage’s vast vendor database can be found through more robust search criteria and greater visibility. The application improves functionality and simplifies RealPage’s existing vendor management software into a single solution that integrates with the company’s other products, all for no additional charge to existing customers. Finding the right vendor – or being seen by a property management company – is a short click away. Taking the guesswork out of finding the right vendor The service is rolling into the multifamily space at a time when property management companies are spending more time on controlling expenses than increasing ROI through bumping rents. RealPage’s spend management solution encompasses various features within Vendor Marketplace but users have had to move in and out of solutions to access vendors. With RealPage’s unified log-in, customers can access the company’s database of hundreds of thousands of vendors that work with multifamily properties. In a recent webcast, “How to Optimize Your Vendor Program With Winning...