Insolvency
Vendorable works with insolvency practitioners to help realise assets efficiently.
Vendorable is a procurement and contract management solution. It allows government property departments to quickly go out to tender each time the need arises to appoint a real estate service provider. The platform then provides contract management software throughout the transaction.
At each phase, valuable data points and key records are retained. Post transaction these are then analysed in aggregate so that government teams can continuously improve.
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As part of a significant restructure of a government property team, Vendorable was selected and implemented as a method for improving the following:
The following outcomes were achieved:
Vendorable improved time on file by 59.1% post implementation.
Clients saved an average of 0.55% commission as compared to the previous process.
Marketing costs were reduced on average by over $4,000.
Vendorable works with insolvency practitioners to help realise assets efficiently.
Legal practitioners use Vendorable on behalf of and in conjunction with clients.
Developers utilise Vendorable for run off and off-the-plan sales.