Farbman Group Partners with VendorPM to Close Compliance Gaps and Modernize Vendor Lifecycle Management

Farbman Group, a full-service commercial real estate firm with operations across the Midwest, today announced it has selected VendorPM as its enterprise vendor lifecycle management (VLM) platform. Andrew Farbman, CEO of Farbman Group, made the announcement.

“As portfolios grow more complex and compliance standards become more rigid, we’re proud to announce this partnership to help streamline processes and improve vendor oversight,” said Farbman. “This move reflects a broader shift in our approach to managing vendor relationships, consolidating several steps of the vendor lifecycle into a single platform. We look forward to seeing how this integration benefits our teams and the partners we support—today, tomorrow and in the future.”

VendorPM is a vendor lifecycle management (VLM) platform for enterprise property management organizations. It brings together vendor onboarding, credentialing, e-bidding and contract management in a single end-to-end system designed to support the complexity of real estate operations.

“This partnership reflects Farbman Group’s commitment to efficiency, risk management and cost control across its vendor operations,” said Emiel Bril, co-founder and CEO at VendorPM. “Historically, vendor compliance, competitive bidding and contract oversight have operated in silos, often monitored through spreadsheets, email threads and reactive follow-up. By adopting VendorPM’s full lifecycle platform, Farbman Group now has the ability to unify these processes under one roof. We look forward to seeing how our services help manage the firm’s portfolio and improve efficiency across operations.”

Through this collaboration, Farbman Group will work with VendorPM to:

• Eliminate manual vendor workflows by replacing separate, spreadsheet-driven processes with a single automated system.
• Centralize credentialing and compliance, reduce risk exposure and manage certificate of insurance (COI) expirations and vendor vetting before bidding, with support from a fully managed team.
• Strengthen procurement governance by implementing competitive bidding workflows across the firm’s full portfolio.
• Through a Yardi ERP integration, synchronize critical vendor information across both platforms and manage workflows within a unified system.
• Centralize contract oversight by consolidating vendor contracts and documentation.
• Gain full visibility into vendor spend by supporting informed decisions at every stage.

About Farbman Group

Founded in 1976 and celebrating 50 years in business, Farbman Group is a leading full-service commercial real estate firm handling all facets of real estate transactions, from property management and leasing to acquisition and disposition. Farbman Group manages more than 35 million square feet of office, retail, multi-family and industrial space throughout the Midwest. | farbman.com.

About VendorPM

VendorPM is the Vendor Lifecycle Management (VLM) platform built for enterprise property management companies. Trusted by leading organizations including Morguard, Avison Young, and Colliers. VendorPM unifies vendor credentialing, eTendering, and contract management in a single, purpose-built system. With a network of over 70,000 vendors and deep expertise in real estate procurement, VendorPM helps property managers reduce liability, eliminate fragmented tools, and gain full visibility into their vendor operations.

VendorPM serves enterprise property management companies across North America. Curious what this could look like for your portfolio? See what VendorPM could unlock for your team, and calculate your ROI in minutes at getvendorpm.com. Learn more at vendorpm.com.