title: Vendr Vocabulary
description: >-
  Domain vocabulary for Vendr's SaaS procurement intelligence platform. Covers
  pricing, procurement workflows, contract analytics, and negotiation concepts.
created: '2026-05-03'
modified: '2026-05-03'
terms:
  - term: OpenPrice API
    definition: >-
      Vendr's public API providing access to SaaS pricing intelligence derived
      from real contract data. Covers catalog, pricing, scope, and webhooks.
    tags:
      - API
      - Pricing

  - term: Catalog
    definition: >-
      The Vendr software product catalog containing 20,000+ software products
      with structured pricing profiles, tiers, and add-on information.
    tags:
      - Catalog
      - Products

  - term: Scope
    definition: >-
      A structured definition of purchase requirements, including product tier,
      seat count, usage limits, add-ons, term length, and billing cadence.
      Can be generated from natural language input.
    tags:
      - Procurement
      - Requirements

  - term: Fair Price
    definition: >-
      The price range derived from analysis of comparable real software contracts.
      Expressed as p25/median/p75 percentiles with a confidence score.
    tags:
      - Pricing
      - Benchmarking

  - term: Confidence Score
    definition: >-
      A 0-1 score indicating how reliable a pricing estimate is, based on the
      number of comparable contracts available in the Vendr dataset.
    tags:
      - Pricing
      - Analytics

  - term: Sample Size
    definition: >-
      The number of real verified software contracts used to generate a
      specific pricing estimate.
    tags:
      - Pricing
      - Analytics

  - term: Negotiation Insights
    definition: >-
      Actionable guidance for negotiating a software purchase, including
      discount potential, optimal timing, and specific negotiation strategies.
    tags:
      - Negotiation
      - Procurement

  - term: Discount Potential
    definition: >-
      The typical percentage discount achievable below list price based on
      historical deal data for a specific product and scope.
    tags:
      - Pricing
      - Negotiation

  - term: Leverage Timing
    definition: >-
      The optimal time period to negotiate with a software vendor to maximize
      pricing leverage, often aligned with vendor fiscal quarter-end dates.
    tags:
      - Negotiation
      - Strategy

  - term: Tier
    definition: >-
      A software product pricing tier (e.g., Starter, Professional, Enterprise)
      that defines the feature set and typical pricing band.
    tags:
      - Catalog
      - Pricing

  - term: Add-On
    definition: >-
      Optional additional products or modules that can be purchased alongside
      a base software product.
    tags:
      - Catalog
      - Pricing

  - term: P25
    definition: >-
      The 25th percentile price from comparable contracts — the low end of the
      fair price range.
    tags:
      - Pricing
      - Statistics

  - term: Median
    definition: >-
      The 50th percentile price from comparable contracts — the expected fair
      market value.
    tags:
      - Pricing
      - Statistics

  - term: P75
    definition: >-
      The 75th percentile price from comparable contracts — the high end of the
      fair price range.
    tags:
      - Pricing
      - Statistics

  - term: Webhook
    definition: >-
      An HTTP callback registered to receive real-time notifications when
      Vendr procurement events occur (e.g., deal closed, workflow updated).
    tags:
      - Webhooks
      - Events
      - Integration

  - term: MCP Server
    definition: >-
      A Model Context Protocol server exposing Vendr pricing intelligence
      to AI agents, enabling natural language procurement research.
    tags:
      - MCP
      - AI
      - Integration

  - term: SaaS Procurement
    definition: >-
      The process of researching, evaluating, purchasing, and managing
      software-as-a-service subscriptions for an organization.
    tags:
      - Procurement
      - SaaS