While exponential growth is exciting, it does tend to create its own problems, especially as staff attempt to keep up with the breakneck pace. In dub’s case, their vendor management system - which comprises over 125 vendor partners - was almost entirely reliant on spreadsheets. Not only is this incredibly labor-intensive to maintain, it also introduces several security risks by making it more difficult to track and monitor contracts, renewals, and costs. As a regulated fintech, dub needed a smarter, automated way to manage their vendor ecosystem so they could avoid significant threats to their compliance and data protection protocols.

Seeking an efficient solution, dub chose Stackpack for its ability to automate vendor tracking, generate renewal alerts, provide cost analysis, and integrate seamlessly with their existing systems. Stackpack’s easy to integrate solution and user-friendly interface also minimized training needs, allowing dub’s team to quickly adopt the platform with minimal disruption to daily operations.

After implementing Stackpack, dub immediately gained value in 3 core areas of their business:

1. The company gained real-time access to contracts, costs, and renewal schedules, providing much-needed clarity, along with improved security and ensured compliance.
2. With Stackpack’s automated alerts, dub’s staff saw a meaningful reduction in time spent on manual tasks - such as updating those spreadsheets - freeing resources for other strategic initiatives.
3. Stackpack's Cost Analysis tool led to a 35% reduction in vendor spend through better contract awareness and negotiation levers.