Pyramyd Business Model and Vendor Engagement Fees

Overview:
Pyramyd is free for software buyers. Our revenue comes from vendors who wish to engage with qualified opportunities through our platform. This article explains how the vendor fee structure works, the rationale behind it, and how it ensures unbiased, data‑driven vendor evaluations.

How It Works for Buyers and Vendors

• For Buyers:

  • You use Pyramyd free of charge to post your requirements, evaluate vendors, and run your entire software sourcing process.

  • You gain access to a data‑driven, AI‑powered evaluation of vendors that goes beyond traditional review sites.

• For Vendors:

  • Vendors pay a fee to respond to an opportunity on our platform.

  • This fee is structured as a progressive cost based on the estimated deal value (e.g., an initial fee of 5% of the deal value to view full opportunity details and additional fees if you choose to respond via our RFP automation service).

  • Our goal is to deliver highly qualified leads, which means that you only pay when you have a real, engaged opportunity.

For Buyers:

• You use Pyramyd free of charge to post your requirements, evaluate vendors, and run your entire software sourcing process.

You use Pyramyd free of charge to post your requirements, evaluate vendors, and run your entire software sourcing process.

• You gain access to a data‑driven, AI‑powered evaluation of vendors that goes beyond traditional review sites.

You gain access to a data‑driven, AI‑powered evaluation of vendors that goes beyond traditional review sites.

For Vendors:

• Vendors pay a fee to respond to an opportunity on our platform.

Vendors pay a fee to respond to an opportunity on our platform.

• This fee is structured as a progressive cost based on the estimated deal value (e.g., an initial fee of 5% of the deal value to view full opportunity details and additional fees if you choose to respond via our RFP automation service).

This fee is structured as a progressive cost based on the estimated deal value (e.g., an initial fee of 5% of the deal value to view full opportunity details and additional fees if you choose to respond via our RFP automation service).

• Our goal is to deliver highly qualified leads, which means that you only pay when you have a real, engaged opportunity.

Our goal is to deliver highly qualified leads, which means that you only pay when you have a real, engaged opportunity.

Vendor Engagement Fee Structure

• Cost per Click (CPC): In some cases, clicking on a vendor’s name in the Vendor Matrix (which leads to their website) might incur a small fee (typically between $5–$50), which is similar to a cost‑per‑click model.

• Response Fees: If you decide to respond to an opportunity on the platform, you might be charged a fee (for example, 5% of the estimated deal value) that covers the cost of processing the RFP response through our system.

• Commission on Successful Deals: Once you win an opportunity, a final commission (for example, up to 10% of the first‑year revenue, subject to deal size and negotiated terms) might apply. This is competitive with industry standards while ensuring that buyers are not charged.

Cost per Click (CPC): In some cases, clicking on a vendor’s name in the Vendor Matrix (which leads to their website) might incur a small fee (typically between $5–$50), which is similar to a cost‑per‑click model.

Response Fees: If you decide to respond to an opportunity on the platform, you might be charged a fee (for example, 5% of the estimated deal value) that covers the cost of processing the RFP response through our system.

Commission on Successful Deals: Once you win an opportunity, a final commission (for example, up to 10% of the first‑year revenue, subject to deal size and negotiated terms) might apply. This is competitive with industry standards while ensuring that buyers are not charged.

Why Our Model Is Fair and Transparent

• No Pay‑to‑Play: Unlike some review sites where vendors can pay to appear at the top of lists, our Vendor Matrix is entirely driven by data. You can’t buy your way into a top‑10 ranking.

• Feedback-Driven: Our scoring system is continuously refined using buyer feedback. If vendors believe their scores are inaccurate, they can provide evidence to contest the score.

• Vendor Neutrality: All vendor scores are generated based on how well they meet your requirements. The process is fully transparent, and any vendor (even smaller ones) can compete on merit.

• Data Monetization: The fees collected from vendors help us improve the platform and aggregate valuable market intelligence. In turn, we provide vendors with insights into market trends and buyer priorities (all data is anonymized and aggregated).

No Pay‑to‑Play: Unlike some review sites where vendors can pay to appear at the top of lists, our Vendor Matrix is entirely driven by data. You can’t buy your way into a top‑10 ranking.

Feedback-Driven: Our scoring system is continuously refined using buyer feedback. If vendors believe their scores are inaccurate, they can provide evidence to contest the score.

Vendor Neutrality: All vendor scores are generated based on how well they meet your requirements. The process is fully transparent, and any vendor (even smaller ones) can compete on merit.

Data Monetization: The fees collected from vendors help us improve the platform and aggregate valuable market intelligence. In turn, we provide vendors with insights into market trends and buyer priorities (all data is anonymized and aggregated).

Roadmap and Future Enhancements

• Expanded Fee Options: As we gather more data, we plan to offer tiered fee structures based on deal size. For larger deals, the percentage fee may be lower.

• Enhanced Reporting: Future updates will allow both buyers and vendors to access detailed reports about their interactions on the platform, helping justify costs and decisions.

• Improved Vendor Engagement Tools: We’re working on in‑app tools that streamline the RFP process even further, such as automated response assistance and direct messaging features (all while keeping your contact details confidential).

Expanded Fee Options: As we gather more data, we plan to offer tiered fee structures based on deal size. For larger deals, the percentage fee may be lower.

Enhanced Reporting: Future updates will allow both buyers and vendors to access detailed reports about their interactions on the platform, helping justify costs and decisions.

Improved Vendor Engagement Tools: We’re working on in‑app tools that streamline the RFP process even further, such as automated response assistance and direct messaging features (all while keeping your contact details confidential).

Conclusion:
Pyramyd’s business model is designed to benefit buyers by keeping the service free and ensuring that vendor engagement is driven solely by fit and quality. For vendors, the fee structure is a cost‑effective way to gain access to highly qualified leads without the biases of traditional sponsored listings. As we continue to refine our platform, your feedback will help shape these pricing models to ensure fairness and maximum value for all parties.