Vertice
Save time and money with Vertice
Get back in control of your organization’s SaaS portfolio. Save time and stop overpaying. Hand off those lengthy, recurring software contract negotiations and have your existing contracts reviewed by a team of experts with in-depth knowledge of vendor sales processes, so you can negotiate fairer pricing and terms. The Vertice portal gives you access to actual prices paid across more than 16,000 software vendors, and lets you efficiently manage your SaaS portfolio through smart dashboards, task assignments, and reminders.
Why Vertice?
Managing SaaS and cloud contracts is time-consuming. Organizations lose an average of 385 hours per year, the equivalent of 48 working days, to meetings about contract renewals and software procurement. Renewing a SaaS contract takes an average of 60 days, and acquiring new software takes 100. Only 33% of all licenses are used correctly, which shows just how little visibility most organizations have into how their software is actually functioning. In other words, organizations spend significant time renewing contracts for software that is then underused or unused entirely. Add to that the fact that SaaS prices rose by an average of 13% last year (Q1-24 vs Q1-23), and it becomes clear there is a lot to gain, in both time and money, by working with a partner like Vertice.
The benefits of Vertice at a glance
Efficient contract management
Vertice takes the hassle out of every aspect of contract management. All active and expiring contracts are managed centrally within the Vertice platform, with automatic notifications for upcoming renewals and timely alerts for contracts that are about to expire. This gives you the breathing room to review contracts carefully and re-engage vendors on your terms.
A stronger negotiating position
Vertice negotiates directly with software vendors on your behalf. Their team combines years of expertise with deep market knowledge, giving your organization a strong negotiating position and the potential for significant cost savings. And perhaps most importantly, it saves your organization an enormous amount of time.
Cost savings through optimization
Smart dashboards give you a clear picture of total software spend and where opportunities for cost optimization exist. Vertice has the pricing data and vendor intelligence to tell you exactly how much of a discount you should be getting as a larger organization. On average, organizations save 20 to 30% on their software spend by working with Vertice.
Compliance
Vertice ensures proper compliance with license terms and applicable regulations, minimizing risk and avoiding unexpected costs. You will be notified well in advance of specific milestones, renewals, or other conditions agreed upon with your organization.
Who uses Vertice?
Vertice is built for IT, finance, and procurement teams looking to optimize their SaaS and cloud spending. It is the right fit for organizations that want transparency, insight, and cost savings across their current and future SaaS and cloud environments. Eliminating repetitive tasks and removing the burden of lengthy negotiation processes leads to significant time savings and improved efficiency. For many companies, the deciding factor is how seamlessly Vertice integrates alongside existing applications and tooling. Vertice helps organizations make well-informed decisions through real-time insights and advanced analytics, driving meaningful cost reductions across the IT landscape. The platform is designed for a broad range of organizations, from mid-sized companies to large enterprises.
Want to learn more?
Does your organization spend more than $250,000 per year on SaaS and/or cloud costs? Get in touch by filling out this form. Together we will explore what savings are possible and how we can help you minimize costs and optimize your SaaS and cloud environment.