Case Study: Brex achieves over $800K in SaaS savings with Vendr

Vendr streamlined Brex's 150-tool tech stack and save $800k

Brex, a financial technology company, faced challenges managing its rapidly expanding SaaS portfolio, which had grown to over 150 tools. This led to costly inefficiencies like contract duplication and a lack of proper pricing and security reviews. Their small three-person finance team, led by CAO Erik Zhou, lacked the bandwidth to handle vendor management and negotiations internally, prompting a search for a solution. They turned to the vendor Vendr for its SaaS buying and negotiation service.

By implementing Vendr as their procurement partner, Brex gained expert negotiation support and spend visibility. The solution delivered immediate and substantial results, saving the company over $800,000 in software procurement costs within the first year alone. Vendr also provided valuable market education and freed the internal team to focus on strategic initiatives, drastically reducing the time spent on procurement tasks.

Brex

Erik Zhou

CAO