Revyse, a vendor management software company for the multifamily industry based in Bend, OR announced it has closed $1M in its latest seed round, increasing the total fundraising to $2M. RET Ventures led the round.
Key Objectives for the Funding:
- Invest in the expansion of the Revyse offering to remain competitive and strategic about what is developed and released to the market.
- Improve the ‘Spend Insights’ feature, which helps find irregularities in the contract information, offer preventive spending analytics, reveal rebates, and eliminate unnecessary expenses.
About Revyse
Founded in 2023 by Bobbi Steward and Ben Steward, both of whom have substantial professional experience in the rental real estate and proptech industries, Revyse is a multifamily owner, and operator-focused comprehensive vendor lifecyle management SaaS. The development of the platform automates each aspect of a business relationship with vendors, beginning with the selection process and ending with contract renewal and minimizes vendor risks to organizational operations.
Key Features of Revyse’s Platform:
Key Features of Revyse’s Platform:
- AI-Powered Vendor Intelligence: The multifaceted, vendor contracts with the details of contracts and spending along with revenue opportunities for Revyse offer transparency for operators of multifamily businesses to manage complex portfolio contracts and procurement spending effectively.
- Spend Insights: This feature allows for the management of contracts for the identification of such issues as contract irregularities and rebates to vendors and expenses.
- Vendor Marketplace: It consists of a multivendor shopping mall wherein the owners of multifamily properties get connected to potentially effectual vendors, where the data accessible includes the rates, descriptions of products, and testimonials. This helps the buyers in coming to sound procurement decisions hence easing the procedure.
Industry Impact
Thus, the problem that Revyse solves is the challenges multifamily professionals experience while working with vendors. It allows the operators to get better handles on contracts with vendors, compliance, and operational expenses.
Conclusion
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