Vertice logo

Vertice

by Vertice
No reviews yet
Active6+ countriesCloud
Quick facts
VendorVertice
Year launchedN/A
StatusActive
Location180 Great Portland Street, London, W1W 5QZ
Countries served6+
Languages1
Integrations16+
Free tierNO
Free trialNO
Contact salesYES

About Vertice

Vertice is an intelligent procurement platform for enterprises. It uses AI and agentic workflows to help finance and procurement teams manage SaaS purchasing, optimize cloud costs, and streamline vendor management and contract renewals.

Vertice is an intelligent procurement platform designed to help modern enterprises manage and optimize their software and cloud spending. The platform combines a comprehensive SaaS purchasing suite with AI-powered agents to automate and streamline the entire intake-to-procure lifecycle. Key capabilities include dynamic intake for purchase requests, automated vendor onboarding, contract management, and spend visibility. A standout feature is 'Ana', an AI negotiation agent that leverages a vast dataset of over 16,000 vendors and millions of price points to secure better deals on renewals and new purchases. Vertice also offers a dedicated module for cloud cost optimization. The platform integrates with major ERP, HRIS, and SSO systems to centralize data and workflows. While pricing is not publicly listed and requires a demo, the company targets finance, procurement, and IT teams looking to gain control over their technology stack, reduce costs, and improve operational efficiency.

Pros & Cons

Pros
  • Provides a unified platform for managing both SaaS and cloud spend.
  • Leverages a large dataset of vendor pricing for benchmarking and negotiation.
  • Features AI agents to automate manual procurement tasks like intake, compliance checks, and negotiation.
  • Offers extensive integrations with ERP, HRIS, and SSO systems.
  • Helps centralize spend visibility and contract management.
Cons
  • Pricing is not publicly available and requires contacting the sales team for a quote.
  • The platform's extensive features may present a learning curve for new users.
  • Primarily focused on larger enterprises, which may make it less suitable for small businesses.

Features

Key features

SaaS Purchasing Platform

Manages the entire procurement lifecycle from intake and vendor onboarding to sourcing and contract management.

AI Negotiation Agent (Ana)

An autonomous agent that uses a large dataset of vendor pricing to negotiate renewals and purchases.

Cloud Cost Optimization

Provides tools and insights to manage and reduce cloud infrastructure spending.

Pricing Benchmarks

Offers access to data from over 16,000 vendors to ensure fair pricing on software purchases.

Workflow Automation

Automates procurement processes like purchase requests, approvals, and compliance checks.

Integrations

Connects with ERPs, contract management systems, ticketing platforms, messaging tools, and SSO providers.

Risk Management

Assesses vendors and contracts for compliance and potential risks, with automated policy checks.

Spend Visibility

Provides a centralized dashboard to track software and cloud spend, manage renewals, and identify savings.

Additional features

Dynamic Intake

Allows users to start purchase requests through conversational chat interfaces.

Vendor Onboarding

Streamlines the process of adding and managing new suppliers.

Budget Management

Helps track spending against pre-approved budgets.

Contract Center

A centralized repository for managing all vendor contracts and tracking key terms.

Usage Analytics

Identifies overlapping tools and unused licenses to reduce software waste.

Tech Consolidation Agent

An AI agent that helps identify opportunities to consolidate redundant software.

Document Analysis Agent

Extracts key terms, risks, and insights from documents like contracts and invoices.

Third-Party Risk Management (TPRM) Agent

Automates vendor risk checks and document collection for compliance.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

6
Countries served
1
Interface languages
Billing currencies

Available in

United KingdomUnited StatesAustraliaSouth AfricaCzech RepublicAustria

Interface languages

English

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