Vertice is the intelligent procurement platform built for the modern enterprise.
London, UK
Joined January 2022
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Following a monumental year of 7x ARR growth, we are incredibly proud to announce that we’ve raised a $25 million Series B. It was great to talk to @ingridlunden @TechCrunch about our exciting plans as we expand in our bid to help more businesses save on SaaS and cloud spend.
Vertice raises $25M for AI-based tools to help companies tackle software spend tcrn.ch/3U5weg8
Procurement doesn't have to be a drag.
Automation, AI, and the right insights can give your team back the time to focus on what actually matters.
See what effortless procurement looks like.
Big news: Vertice has acquired @VendrHQ.
Together we've built the world's largest procurement intelligence dataset - $75B+ in spend, 2M+ price points, 250,000 real-world contracts.
A new benchmark for AI procurement. 👇
Read more here: vrtc.io/4a2nEWq
Who's at #AWSSummit London today!?
This lovely bunch is at booth B2. Come say hello 👋 and learn how to reduce your SaaS & cloud spend by 20-30%.
#awssummitlondon
#awssummit
#cloudcosts
#cloudoptimization
#finops
Tomorrow's the big day! Don't miss out on the #AWSSummit London. We're excited to be sponsoring – come say hi! #AWS #cloudtrends
Register now: vrtc.io/3xMVqii
We're excited to be sponsoring the #AWSSummit London on 24th April!
Get ready to connect with fellow #AWS fans, learn about this year's cloud trends, and deepen your #AWS knowledge 💪
Register today: vrtc.io/3xqAdKW
Vertice retweeted
An incredible evening cohosting a Healthcare-specific dinner with @Samdtoole & Marisa Bass, alongside @verticeHQ, where we brought together finance leaders & operators for engaging discussions on financial discipline & scaling to profitability. Huge thanks to everyone who joined.
Heading to the AWS Summit in Paris next week? Say hello (or bonjour) to our lovely team at Booth B13 👋
Grab your free ticket here: vrtc.io/3TL8mxI
😱 Did you know? On average, contract holders send 712.8 emails yearly for SaaS buy/renewal. Business tools like Salesforce & Canva should save time, yet SaaS management remains in the dark ages. Plus, 33% average license usage wastes resources.
- 2x increase in SaaS tool usage since 2019
- Companies renewing an average of 4.7 contracts monthly
- 385 hours wasted in meetings alone for software renewals yearly
Businesses are wasting time purchasing & renewing licenses that are siloed within departments & underutilized.
@Jack_McCullough this is worth a read – senior finance and tech leaders that are bearing the SaaS contract burden the most. In fact, they are spending more than half (61%) of their working year buying, managing, and renewing software contracts.
Employees in charge of handling SaaS contracts spend more than half (61%) of their working year managing purchases, renewals and upkeep in the background.
But the average SaaS license usage is a mere 33%.
Seems like there is a disconnect here...
Vertice retweeted
@verticeHQ What businesses can do to combat SaaS price hikes worth billions techradar.com/pro/what-busin…
Vertice retweeted
‘Maverick’ SaaS spending by workers can waste millions: @verticeHQ #saas #digitaltransformation cfodive.com/news/maverick-sa… via @CFODive
Getting ghosted, last minute cancellations and over-paying on the bill – things you definitely want to avoid on Valentine’s Day. And during SaaS renewal negotiations.
Get all the intel on SaaS & cloud purchasing in our latest insights report.
vrtc.io/49ydlqi
Vertice retweeted
A few investor-centric highlights from new @verticeHQ data
Hyperscalers:
Increased Reserved Instances - ~proxy for cloud cost optimization
🩷 SaaS & cloud: a perfect pair 🩷
In the spirit of Valentine’s Day, we’re sharing exclusive insights on both SaaS and cloud spending in one special bumper report.
Get the latest insights for Q1 – & share with your CFO as an early V-Day gift 🎁
vrtc.io/3whgdd1
