Vertice

The wait is over. It’s time to level up your procurement process. We understand the challenges businesses face with purchasing. With an average of 20+ steps, multiple approval layers, and manual chasing of various stakeholders, procurement can be a complex process. Many companies struggle to track their purchases and intake requests, leading to maverick spending and compliance risk. That's why we've developed Intelligent Workflows; our custom intake-to-procure automation to secure, simplify and accelerate your procurement processes. Here’s what you can expect: • Visibility over purchases, renewals and intakes • Customized workflows and simple intake requests • Automated accountability, routing and tasking of stakeholders • All documents, activities and approvals in one place Watch our video below to see Intelligent Workflows in action. Excited? Check out our full launch blog in the comments. #IntelligentWorkflows #ProcurementTech #BusinessEfficiency

Vertice has been selected as the Citi Rising Star in the prestigious Deloitte 2024 UK Technology Fast 50 awards! ✨ The Fast 50 is the UK's leading tech awards program, celebrating the country's fastest growing technology companies. The Rising Star award recognizes the UK tech businesses that are leading the way in terms of innovation and growth potential. We had a great time at the awards ceremony last night at Nobu Hotel London Portman Square accepting this incredible award on behalf of our whole team. Our mission is to put power back in the hand of finance and procurement leaders when it comes to tech spend. We're incredibly proud of what the Vertice team has achieved in our journey so far. A big thank you to the Deloitte team and the Citi sponsors for this recognition.

How do you prevent maverick spending in your software procurement? In this video, Hayden Munt is back with his 3 essential recommendations to stop noncompliant purchasing and avoid paying more on SaaS than you need to: 1️⃣ Establish a company-wide process: Create a single, clear pathway for requesting new tools, integrated with existing ticketing systems like Jira, for full procurement orchestration. 2️⃣ Provide request visibility: Give requesters a dedicated portal to track their submission's progress and approvals, eliminating the need for manual follow-ups. 3️⃣ Maintain a clear vendor portal: Give employees full clarity on which tools are approved before they make requests, saving everyone's time in the process. Learn how our Intelligent Workflows can help you implement these recommendations and automate your procurement process. Find out more here: https://vrtc.io/3Avcmvh #ProcurementAutomation #SpendManagement #IntelligentWorkflows

The latest episode of The Efficiency Code features Keri Holm, CFO of Torrent Consulting, who shares real talk about building and scaling finance teams that work. Here's what you'll learn: ✅ How to build a finance team from scratch (and what she wishes she knew earlier) ✅ Budgeting tips that actually work ✅ Smart ways to improve cash collection without frustrating your team ✅ How to stop overspending on SaaS tools ✅ Practical tips for using tech without breaking the bank Plus, Keri shares straight-forward advice about what really matters when scaling finance operations. Whether you're a CFO or finance leader, you'll get practical ideas you can use right away. Watch the first 5 minutes below, and catch the full episode here: https://vrtc.io/3UGTnVD #FinanceLeadership #CFO #FinanceTeam #TheEfficiencyCode

Happy Halloween! Today Matthew Parsloe is dressed up as your CFO's worst nightmare. "Dear Sir/Madam, we've auto-renewed your subscription. As per the original terms of contract, the price has increased 1500% for the next 12 months. Payment is due in the next 10 minutes. Bad luck." With up to 89% of software vendors including auto-renewal clauses in their contracts as standard, it’s easy to be lulled into a false sense of security thinking that it’s no issue if a renewal deadline is missed. Now that's really scary. 👻

Day 2 at #FATENYC! Look at those smiling faces... Our team is here to discuss how you can slash your software and cloud costs by up to 30% - a gift to your future self. Come see us at Booth 509 and enter to win a $200 gift card! Vincent Pace Madeline Lombardo Sadie Katz Cory Brodkin

New Forbes article by our CEO Eldar Tuvey on how to elevate your company's procurement process 👇 The turbulence of recent years has underscored the critical importance of effective procurement to manage costs and drive strategic growth. Yet many organizations struggle with outdated, fragmented processes. Eldar shares 3 key steps to build a modern procurement workflow that enhances control, transparency and speed - from strategic automation to establishing accurate pricing benchmarks. Read the full article: https://vrtc.io/4hm9x0g

Efficient SaaS spending isn't simply about cutting costs—it's about making smarter investments. As we've been analyzing the latest data on enterprise software adoption, a few critical patterns are emerging that every finance, procurement and operations leader should note: 1. Tech stacks have become hotspots for overlapping tools and underutilized features. We're seeing the same pattern repeat across various departments: easy adoption leading to difficult optimization. 2. The AI gold rush is creating a new 'Wild West' of spending. Organizations are racing to adopt tools before their infrastructure is ready to maximize the investment. Remember: timing is everything. 3. The shift from user-based to usage-based pricing models is fundamentally changing how we need to approach budgeting. Yesterday's procurement playbook won't work for tomorrow's contracts. But here's what's interesting: the most successful companies aren't just looking at costs. They're partnering deeply with department leaders to understand strategic aims first, then working backward to ensure every tool drives measurable value. The key? Starting the audit process early. Our data shows that companies who begin their SaaS evaluation process well ahead of renewal dates consistently achieve better outcomes. 👉 Want to dive deeper into these insights? We're bringing together Kate Hillier Isaac (VP Finance and Operations at hyperexponential, ex-Google) and Jesse Russell (Head of Procurement at Vertice) to share real-world strategies and benchmarks from the recent Vertice report – to help get your 2025 SaaS budget right the first time. Join us live or sign up to get the recording after: https://vrtc.io/4e6HnDs Nov 14th | 3PM GMT | 10AM ET

Exciting day for the Vertice team!

Vertice has been selected as one of the most pioneering procurement solutions in the 2024 ProcureTech 100 🏆 The ProcureTech100 finds the most innovative solutions through analysis of over 5,000 solutions and review by 80+ global procurement leaders. It's a key resource for procurement teams looking for effective digital solutions to drive efficiency and business success. We were highlighted in the Sourcing and Cost Management category. Thank you to our customers and team who help us make software procurement and cost management simpler. #ProcureTech100