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Vertice has proven to be invaluable for businesses in solving key challenges related to SaaS procurement and management. Users have …
Starting at $30,000 per year
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What is Vertice?
Vertice is a tech-enabled SaaS purchasing platform that provides guaranteed savings to customers. It offers business leaders an overview of the tools they currently have in their stack, what the terms are, and when they are up for renewal. The…
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For the latest information on pricing, visithttps://www.vertice.one/pricing
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Starting price (does not include set up fee)
- $30,000 per year
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What is Vertice?
Vertice is a tech-enabled SaaS purchasing platform that provides guaranteed savings to customers. It offers business leaders an overview of the tools they currently have in their stack, what the terms are, and when they are up for renewal. The platform also assists in usage and analytics, helping leaders see where they may be overprovisioned or where there may be duplicate tools. The platform leverages a database that covers over 16,000 different SaaS tools and supports the services side of the business. Commercial negotiators use the pricing insights from the database to negotiate on a client’s behalf. This ensures that new contracts have preferable terms like contract length or auto-renewals but they also have the data points to negotiate for a lower price. Vertice aims to save customers 20%+ on their annual SaaS spend, gain full visibility over their tech stack, save hours on negotiation, and benefit from guaranteed cost savings.
Vertice Features
- Supported: Contract Dashboard
- Supported: Usage & Analytics Insights
- Supported: Cost Savings Guarantee
Vertice Screenshots
Vertice Video
Overview of Vertice Dashboard
Vertice Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
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TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
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Vertice has proven to be invaluable for businesses in solving key challenges related to SaaS procurement and management. Users have reported negotiating better prices for SaaS renewals and new tools, resulting in substantial cost savings. With Vertice's platform, users can easily track their SaaS spend in one place, gaining visibility into upcoming renewals and allowing for negotiations to secure the best prices. This simplifies the process of gathering SaaS contracts and keeping track of renewals and spends, saving users significant time and effort.
One of the standout features of Vertice is the assistance provided by experienced procurement managers. They aid users in requirements gathering for new or existing contracts, comparing terms and pricing for the services used. This support has resulted in users gaining insights and discovering solutions they may not have found on their own. The easy-to-use platform provided by Vertice not only saves time in negotiating new contracts and renewals but also in conducting due diligence and benchmarking costs.
Vertice centralizes multiple SaaS contracts, providing users with visibility into expiry dates, contract terms, and total spend. This eliminates the hassle of managing multiple contracts separately and reduces contracted costs by facilitating the process of requesting discounts and better terms from suppliers. As a result, users have experienced benefits such as SaaS stack consolidation, improved utilization, time efficiency, and cost efficiency through the use of Vertice.
Overall, Vertice addresses critical business problems related to SaaS procurement and management by streamlining processes, reducing costs, providing valuable insights, and simplifying contract management. Its user-friendly platform combined with expert assistance makes it an indispensable tool for businesses looking to optimize their SaaS spend and negotiate favorable terms with suppliers.
Cost and Time-saving Solution: Several users have found Vertice to be a cost and time-saving solution. They appreciate how the platform helps visualize upcoming renewals, allowing for proactive negotiation rather than a reactive approach. This has helped them save effort and money by reducing the time spent on negotiating contracts and gaining visibility into their SaaS stack.
Excellent Support and Collaboration: Reviewers have mentioned that Vertice's team provides excellent support and collaboration, contributing to a positive working experience. The users value the proactive and reliable nature of the team, which has helped them handle various tasks related to negotiation and driving better results.
User-Friendly Interface: Many reviewers have commended Vertice for its user-friendly interface, making it highly adoptable across different teams. The platform's super easy-to-understand interface allows various teams to rely on it easily, resulting in increased utilization of existing tools and consolidation of SaaS tools.
Cumbersome Setup Process: Several users have found the process of setting up the service and identifying all relevant contracts to be cumbersome. This has caused some frustration, although it is acknowledged that this issue is not the fault of Vertice.
Upfront Payment Requirement: Some reviewers have expressed concern about the upfront payment required by Vertice. They feel uneasy when there is uncertainty about Vertice's purchasing power and their ability to fulfill their promises, which has made them hesitant to commit financially.
Limited Features and Functionality: While many reviewers are satisfied with Vertice's services, some have mentioned that they are looking forward to additional features and functionality that they know are on the short-term roadmap. This indicates a desire for more capabilities from the software in order to meet specific needs or preferences.