Vederca Reviews & Product Details

Vederca is a vendor registry of financial services software and a managed market scan service for financial institutions. The registry lists more than 1,200 software vendors and 6,000 products serving banks, credit unions and mutuals, insurers, asset and wealth managers, pension and super funds, brokers and lenders. Each listing sets out the vendor's products and their capabilities, taken from the vendor's own public documentation and kept current. Procurement teams search it free, by category, country and capability, compare products side by side, and see which software other institutions run. For a vendor selection, Vederca runs a managed market scan. The procurement team sets its requirements in the procurement portal and signs them off. Vederca takes them to up to 15 vendors, manages confidentiality and clarifications, and evaluates every response against the evidence in it. The team receives a report recommending a shortlist, with each priced vendor's indicative commercials side by side. Consultancies use Vederca to run their clients' technology vendor selections: each client is on record, confirms the engagement before vendors are invited, and receives a report prepared for them by the consultancy. Vederca is paid by the procurement team: one fixed fee per engagement, quoted before anything starts and never a percentage of the contract. Vendors list and respond free, and no vendor can pay for a position, an invitation or a recommendation.