Venwiz
Venwiz is a digital procurement platform that helps industrial and manufacturing companies discover, evaluate, and manage vendors for capex and maintenance projects. Its SaaS marketplace centralizes vendor information, RFQs, and project workflows to streamline sourcing of specialized industrial services. The company generates revenue through subscription and transaction-based fees charged to enterprises and vendors using the platform.
- Procurement & Sourcing
- Workflow Automation
- Revenue
- $3.5M
- Employees
- 80
- Founded
- 2020
- Headquarters
- Bengaluru, India
What 7 Arbolus experts think of Venwiz
NPS scores are predominantly high, with 57% of experts reporting NPS of 9 or above, and no significant negative sentiment. Renewal intent is strong among all high and mid spenders, with only a small minority noting uncertainty (2 out of 7 responses). Most experts cite high adoption, with over 85% indicating >1 year implementation. Key positive themes include easy integration, tangible cost savings, and significant procurement workflow improvements. Some concerns around customization and slow support are mentioned, but don't materially detract from the prevailing positive sentiment.Overall Customer Sentiment: Positive
Who reviewed Venwiz
- C-Suite 43% (3)
- Director 29% (2)
- Manager 29% (2)
Employer names and spend open in the full report, along with the other 4 customers.
Everything 7 customers told us about Venwiz.
Employer names, spend, renewal intent and every written answer behind the numbers on this page.
Sentiment
57 Net Promoter Score, from 7 scored reviews- Promoters 4
- Passives 3
- Detractors 0
Praised
- Integration and Automation
- Strong Vendor Network and Curated Database
- Comprehensive End-to-End Procurement Coverage
- Enhanced Customization and Flexibility
Criticised
- Competitor Advancements in AI
- Pricing and ROI Concerns
- Customization Limitations Leading to Switching
- Analytics and Reporting Gaps
What customers say
Renewal intent
Plan to renew 50%Plan to renew, by seniority
- 67% 3 answers
- 0% 2 answers
- 100% 1 answer
- 9/10 Average score from customers who will renew
- 7/10 Average score from undecided customers
- 8/10 Average score from customers not renewing
Report
More in Supply Chain & Logistics and Commerce & Marketplaces
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