Case Study: Benefitfocus saves nearly $1M with Vendr

Vendr helped healthcare leader Benefitfocus save nearly $1M in under one year

Benefitfocus, a SaaS benefits administration platform, faced significant challenges in managing its extensive portfolio of over 150 SaaS vendors. The company's CIO, Sean Wechter, found his team constantly in reactive "scramble mode" for renewals, which hampered their ability to focus on strategic initiatives and ensure proper contract compliance. To address this, Benefitfocus engaged Vendr to manage its software procurement and negotiation process.

By leveraging Vendr's expert buying services and data-driven platform, Benefitfocus shifted from a reactive to a proactive procurement approach. The partnership with Vendr delivered substantial results, including over $1 million in software savings and a 7x return on investment within the first nine months. Furthermore, Vendr streamlined the entire administration process, improved adherence to regulatory requirements, and freed up the internal IT team to focus on higher-value work for the business.

Benefitfocus

Sean Wechter

Chief Information Officer