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LIke WeWork, except for Procurement!
What do you like best about the product?
Negotiations are handled by Vertice instead of the organization.
What do you dislike about the product?
Signed contracts for amounts less than $15k must be manually updated by the organization.
What problems is the product solving and how is that benefiting you?
Removing the cognitive load it places on individuals around negotiation.
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Very useful with a great ROI.
What do you like best about the product?
It's very useful to have all your tools in one place, with great visualization and ease of understanding.
What do you dislike about the product?
othing really. Very useful and professional attention.
What problems is the product solving and how is that benefiting you?
As a normal startup in the beginning, we had a lack of cost control and oversight of the SaaS tools every department was using. First, it helped us to have everything in one place and provided clear information about the costs. It was also very helpful with renewal negotiations.
An Effective Platform Backed by Outstanding Support
What do you like best about the product?
The team is energetic, passionate about the product, aligned with the founders’ vision, and makes your job easier by allowing you to focus on other priorities.
What do you dislike about the product?
It’s a shame a platform like this wasn’t available years ago—no complaints!
What problems is the product solving and how is that benefiting you?
All our SaaS systems are documented in one place, with clear cost visibility and an intuitive navigation that makes it effortless to use from the start.
Thorough and collaborative onboarding process
What do you like best about the product?
Very structured onboarding with check-ins, assigned tasks, and training.
What do you dislike about the product?
A very minor dislike but this does take "work". The less organized you are in your systems, the more work it will take to GET organized in the Vertice system. Just do the work. It's worth it.
What problems is the product solving and how is that benefiting you?
Vendor contract management and negotiation
Transformative Procurement Solution with Exceptional Service
What do you like best about the product?
Working with Vertice over the past quarter has been a game-changer for our organization. As a SaaS vendor procurement platform, they have not only facilitated substantial cost savings—helping us save $11,000 in contract negotiations—but they have also profoundly impacted our procurement strategies.
The platform itself is a standout, providing a well-organized and insightful overview of our vendor contracts, which has been instrumental in refining our procurement process. It’s clear, user-friendly, and equipped with all the tools necessary to offer deep insights into our procurement activities.
Moreover, the team at Vertice, especially the Customer Success Manager (Brooke) and the Procurement Manager (Dan), have been pivotal in our success. Their expertise in contract negotiations and their dedication to educating our team on best practices have been invaluable. The relationship built over this short period is not merely a service provider-client dynamic; it feels much more collaborative and advisory.
For any organization looking to streamline their procurement processes and achieve significant cost savings, I highly recommend Vertice. Their service goes beyond just a software solution; it’s a partnership that brings about real, tangible changes in how you manage procurement. Their professionalism, expertise, and genuine care for their clients' success are what set them apart.
The platform itself is a standout, providing a well-organized and insightful overview of our vendor contracts, which has been instrumental in refining our procurement process. It’s clear, user-friendly, and equipped with all the tools necessary to offer deep insights into our procurement activities.
Moreover, the team at Vertice, especially the Customer Success Manager (Brooke) and the Procurement Manager (Dan), have been pivotal in our success. Their expertise in contract negotiations and their dedication to educating our team on best practices have been invaluable. The relationship built over this short period is not merely a service provider-client dynamic; it feels much more collaborative and advisory.
For any organization looking to streamline their procurement processes and achieve significant cost savings, I highly recommend Vertice. Their service goes beyond just a software solution; it’s a partnership that brings about real, tangible changes in how you manage procurement. Their professionalism, expertise, and genuine care for their clients' success are what set them apart.
What do you dislike about the product?
While our experience with Vertice has been overwhelmingly positive, an area they could enhance is expanding their integration capabilities with other management tools we use. Broadening their compatibility would streamline our processes even further, making their platform not just good, but perfect for our specific needs.
What problems is the product solving and how is that benefiting you?
Cost Savings in Contract Negotiations: Vertice has helped our organization save $11,000 in contract negotiations so far. This direct financial benefit enhances budget efficiency and allows for reallocating funds to other critical areas of our business.
Streamlining Procurement Processes: Before Vertice, our procurement process may not have been as defined or efficient. With their platform, they have helped structure and refine how we approach vendor contracts, making the process clearer and more systematic.
Education on Contract Negotiations: Vertice has played an educational role by informing our team on the best practices for contract negotiations. This empowerment not only improves immediate outcomes but also builds our team’s long-term capabilities in handling negotiations more effectively.
Insightful and Organized Platform: The Vertice platform provides a well-organized dashboard that gives insightful overviews of vendor contracts. This clarity and organization help in making informed decisions quickly, enhancing operational efficiency.
Trusted Advisory Relationship: The development of a trusted relationship with Vertice, especially by the roles of the Customer Success Manager and Procurement Manager, means we have reliable support and expert advice readily available. This reassurance significantly enhances decision-making confidence and reduces the risk in procurement activities.
Overall, Vertice is solving the problem of inefficient and uninformed procurement practices while providing a robust framework for managing vendor relationships and contracts effectively. This not only saves money but also improves operational workflows and builds internal competencies in procurement management.
Streamlining Procurement Processes: Before Vertice, our procurement process may not have been as defined or efficient. With their platform, they have helped structure and refine how we approach vendor contracts, making the process clearer and more systematic.
Education on Contract Negotiations: Vertice has played an educational role by informing our team on the best practices for contract negotiations. This empowerment not only improves immediate outcomes but also builds our team’s long-term capabilities in handling negotiations more effectively.
Insightful and Organized Platform: The Vertice platform provides a well-organized dashboard that gives insightful overviews of vendor contracts. This clarity and organization help in making informed decisions quickly, enhancing operational efficiency.
Trusted Advisory Relationship: The development of a trusted relationship with Vertice, especially by the roles of the Customer Success Manager and Procurement Manager, means we have reliable support and expert advice readily available. This reassurance significantly enhances decision-making confidence and reduces the risk in procurement activities.
Overall, Vertice is solving the problem of inefficient and uninformed procurement practices while providing a robust framework for managing vendor relationships and contracts effectively. This not only saves money but also improves operational workflows and builds internal competencies in procurement management.
Vertice is amazing for Optimizing SaaS Spend, but has Room for Improvement on Integrations
What do you like best about the product?
We partnered with Vertice to manage our tail-end spend. This helped us and our stakeholders to save valuble resources to focus on other priorities. Vertice not only helped us to cut costs, they are also very proactive and regularly come up with insights and recommendations to optimize our SaaS stack.
We as the Procurement team especially value Vertice’s vast benchmark data which has so far been extremely accurate and helpful for our self-managed contracts.
We as the Procurement team especially value Vertice’s vast benchmark data which has so far been extremely accurate and helpful for our self-managed contracts.
What do you dislike about the product?
Even though Vertice has been really good in reducing our SaaS spend, some important system integrations aren't available yet. However, they have always been transparent about their roll-out plans and are actively working on new capabilities.
What problems is the product solving and how is that benefiting you?
We utilize Vertice to manage our tail-end spend. This helps our Procurement Team and other stakeholders to focus on high-value contracts and other priorities. For self-managed contracts Vertice also provides support by delivering very accurate benchmark data. Additionally it's worth to mention Vertice intuitive and user-friendly platform which provides a great overview of our SaaS stack and sends out scheduled notifications for upcoming Renewal deadlines. This helped us getting rid of Excel sheets.
Expert support with a helpful platform
What do you like best about the product?
The procurement managers' expertise is what truly stands out. Their support and insights have been crucial in managing a wide range of procurement topics efficiently, making a significant impact on our processes.
What do you dislike about the product?
While the platform itself is helpful and easy to use, there are times when its features could be more tailor-made to better fit specific needs. Also it lacks integration with other systems like P2P or CLM which had an impact on the implementation (manual inputs) and the ongoing uploading of contracts.
What problems is the product solving and how is that benefiting you?
Vertice is solving the challenge of managing diverse procurement topics efficiently without the need to expand our team. Their expert procurement managers provide invaluable insights and support, helping streamline our processes and enhance decision-making. This has allowed us to cover more ground effectively and improve our procurement strategy, ultimately saving time and resources while ensuring we make well-informed purchasing decisions.
Easy to use platform + easy savings
What do you like best about the product?
Vertice has been great for our business. The platform has provided us with the ability to have visibility over all of our spend in one consolidated place. Contract reviews are no longer a surprise, since the platform is able to notify us of upcoming reviews to ensure that we allow enough time to negotiate the best price.
Our procurement manager from Vertice is able to achieve saving results with minimal input from the team. The user interface and workflow management tools inside the platform make it easy to submit the information the procurement team need to negotiate on your behalf. Vertice and our dedicated procurement manager has also allowed us to embded more structure and maturity into our procurement process without adding any extra overhead. Vertice are able to help organise the gathering of security documentation and completion of security questionarres so there is less administration overhead on our side
Overall, Vertice has streamlined our procurement and renewal processes and has already contributed to our cost efficiency in the few months we have been on the platform.
Our procurement manager from Vertice is able to achieve saving results with minimal input from the team. The user interface and workflow management tools inside the platform make it easy to submit the information the procurement team need to negotiate on your behalf. Vertice and our dedicated procurement manager has also allowed us to embded more structure and maturity into our procurement process without adding any extra overhead. Vertice are able to help organise the gathering of security documentation and completion of security questionarres so there is less administration overhead on our side
Overall, Vertice has streamlined our procurement and renewal processes and has already contributed to our cost efficiency in the few months we have been on the platform.
What do you dislike about the product?
Nothing comes to mind currently ........
What problems is the product solving and how is that benefiting you?
Vertice helps us to reduce our SaaS spend. They also manage a few other vendor contracts which are not strictly SaaS
The Vertice platform helps us get visibility over our spend, our upcoming renewals and helps us to ensure that we are constantly reviewing these to optmise cost.
Our procurement manager acts on our behalf to ensure that we are getting the best deal
The Vertice platform helps us get visibility over our spend, our upcoming renewals and helps us to ensure that we are constantly reviewing these to optmise cost.
Our procurement manager acts on our behalf to ensure that we are getting the best deal
A Game Changer for Melbourne Business School Cloud Computing Procureement
What do you like best about the product?
Vertice has been a game-changer for Melbourne Business School, significantly improving our control over cloud computing costs. Its robust procurement capabilities have given us clear visibility and insights into our cloud spending, allowing for more strategic decision-making. The platform's contract management features have streamlined our processes, enhancing our ability to negotiate and manage vendor contracts effectively.
One of the standout benefits of Vertice is its benchmarking functionality. This has allowed us to compare our cloud contracts against industry standards, ensuring we get the best value for our investments. The intuitive interface and comprehensive features make Vertice a powerful tool in optimizing cloud operations.
Overall, Vertice has not only helped reduce our cloud costs but has also increased our contract management efficiency and provided valuable benchmarking insights. Highly recommended for any organization looking to optimize cloud procurement and management.
One of the standout benefits of Vertice is its benchmarking functionality. This has allowed us to compare our cloud contracts against industry standards, ensuring we get the best value for our investments. The intuitive interface and comprehensive features make Vertice a powerful tool in optimizing cloud operations.
Overall, Vertice has not only helped reduce our cloud costs but has also increased our contract management efficiency and provided valuable benchmarking insights. Highly recommended for any organization looking to optimize cloud procurement and management.
What do you dislike about the product?
The gap between internal capability and Vertice became very clear
What problems is the product solving and how is that benefiting you?
Increasing cost of cloud services and low time to manage contract procurment and benchmarking activities
A Great tool. Seeing ROI within 30 days
What do you like best about the product?
The platform is very slick. Very easy to move around and everything is in one place.
What do you dislike about the product?
Could do with some more reporting features.
What problems is the product solving and how is that benefiting you?
Our main objective is to create savings on our current SAAS spend and ensure best valye for all new SAAS subcriptions moving forwards.
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