AutoVRM

AutoVRM offers SupplierTRACKER, which its site describes as a vendor management system for automotive dealerships. The page says it keeps vendor documents available on demand, tracks contract auto-renewals, provides marketplace data for negotiations and confirms vendors’ insurance coverage.

AutoVRM: SupplierTRACKER

The directory also lists it in connection with Catalyst Sourcing.

AutoVRM functions
Product or serviceFunction
SupplierTRACKERVendor management for dealerships.
Vendor documentsOn-demand access to vendor contracts and documents.
Renewal trackingTracking contract expiration and auto-renewal provisions.
Insurance confirmationConfirmation of vendor insurance coverage.

AutoVRM: product details

AutoVRM sells SupplierTRACKER, a vendor management system for dealerships. Its home page promises vendor documents on demand, an end to unwanted contract auto-renewals, negotiating strength from marketplace data and confirmed vendor insurance coverage, and says dealerships save tens of thousands to hundreds of thousands of dollars every year, a company claim.

It offers a savings estimator, a three-step launch and a 16-minute demonstration, and a testimonial from a dealer group says it tracks contract expiration dates and auto-renewal provisions.

The product addresses a problem this directory also sees: dealerships hold dozens of vendor contracts with automatic renewal clauses and notice windows. A group should ask how documents are collected and stored, who enters renewal dates, how alerts are sent, what the benchmark data is and how it is anonymized, how vendor insurance is verified and what the per-rooftop fee is.

Compare it with a shared spreadsheet and calendar, a contract management product used by finance teams, or a service from a consultant. The test is simple: load ten real contracts and check whether the renewal and notice dates it reports match the documents.

The testimonial and the claims focus on contract expiration and renewal tracking, which is a risk area for dealer groups. Ask how documents are uploaded, whether it integrates with accounts payable, how it confirms vendor insurance certificates and keeps them current, whether negotiation benchmarks are by vendor category and region, and how long it takes to load an existing contract library across several stores.

A group evaluating vendor management should also ask what happens at renewal time in practice: who is notified, how many days ahead, how a notice letter is generated and what the dealer must do to cancel on time. Because the product claims savings from negotiation data, request an example of a category such as website or reputation contracts and how the benchmark was built.

Ask how its fee compares with the savings it reports for a store of your size and what the minimum term is. Price it per rooftop.