Name: Vertice
Price: 30000 USD
Author: Vertice

Customer Success Management Training

Customer Training

Help Desk

Web and Video Conferencing

Customer Support

Accessibility Testing

Continuous Integration

Feature Management

Development

Virtual Classroom

Education

Business Intelligence (BI)

Collaboration

Enterprise

Accounting

SaaS Spend Management

Treasury Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Onboarding

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

AIOps

API Management

Cloud Storage

Configuration Management

Custom Software Development Services

Cybersecurity Consulting

Database-as-a-Service (DBaaS)

Fraud Detection

Game Engine

Integration Platform as a Service (iPaaS)

LAN Switches

Managed Detection and Response (MDR)

Managed Public Cloud Infrastructure

Mobile Data Security

Network Behavior Analysis

Network Performance Monitoring

Sensitive Data Discovery

Service Desk Outsourcing

Software Composition Analysis (SCA)

Vendor Risk Management

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Ecommerce Personalization

Email Marketing

Market Research

Marketing Automation

Marketing Resource Management

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Customer Onboarding

Customer Relationship Management (CRM)

Point of Sale

Sales Enablement

Sales Incentive Compensation Management

Sales Performance Management

eCommerce Analytics

Sales

Cloud Infrastructure Entitlement Management

Cloud Security Posture Management

Secure Service Edge (SSE)

Security

Banking

Church Management

Financial Services CRM

Geographic Information

Internet of Medical Things

Medical Office EMR & EHR

Mental Health

Online Voting

Revenue Cycle Management (RCM)

Vertical-Specific

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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.

Standard

Custom

Vendr, headquartered in Boston, presents users of its services with expert buyers who work as an extension of finance teams to identify material cost savings for all of a company’s net-new software purchases and renewals.

Vertice

Vertice is a SaaS purchasing platform that streamlines the process of buying, renewing and managing software, providing businesses with total visibility of their SaaS stack, while saving them a substantial amount of time and money. Leveraging extensive pricing intelligence from a database of more than 16,000 software providers, Vertice’s team of commercial negotiators can secure the best possible price and terms on any contract, providing guaranteed cost savings.
 Through the platform, businesses can also obtain complete oversight of the tools that exist within their stack, the terms of each one and the renewal deadlines. The platform’s easily accessible diligence insights also minimizes the burden on legal, security and compliance teams during contracting.
 With further access to the utilization rates of their tools, businesses can identify those that may be overprovisioned or duplicated, enabling them to right-size their software portfolio and further save on their SaaS spend.

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

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What is Vertice?