Vertice

🎉 HUGE NEWS: Sifted, the FT-backed leading media brand for the European startup community, today recognised Vertice as 2025’s #1 fastest growing UK & Ireland startup! This crowns a stellar first quarter of 2025, starting with our $50m Series C raise. In today's world, scrutiny on spend is at an all-time high, but procurement capabilities haven't kept pace. With siloed data, multiplying vendors, and decentralized buying, the fundamentals of procurement are under threat. That's where we come in. We're giving procurement and finance teams what they've been missing: accurate data, real-time pricing benchmarks, maverick spend alerts, and the analytics to master every buying decision. The results? Our customers have entrusted $3.4bn in spend to us, saving up to 30% while cutting procurement cycles in half. Huge thanks to Sifted for the recognition, and most of all, to our incredible team for their dedication and drive in making us the fastest-growing startup in the UK & Ireland. You can read more on our latest blog here: https://xmrrwallet.com/cmx.pvrtc.io/4c27Gvb And check out the full Sifted 100 list at the link in comments - we're in great company.

What if procurement data was actually compelling to look at? Most procurement insights are buried in spreadsheets where they can't drive action. Complex data hides solutions to the everyday challenges that procurement teams face. When procurement data tells a story - when it's visual, shareable, and compelling - it drives results. That's why we created "Procurement is Beautiful" - transforming procurement insights into visualizations that reveal challenges and solutions like never before. Our first edition uncovers how the 12 common SaaS procurement oversights are shattering Total Contract Value, leaving only 30-50% of original ROI intact. But here's the real problem - CPOs consistently underestimate the biggest threats: • They think negotiation skills matter most (they don't) • They undervalue starting early (this is actually critical - 1.49x more discount potential) • They overlook usage analysis (nearly half of SaaS licenses go unused) The result of this problem? Data that should drive strategic decisions instead collects digital dust. Ready to uncover all 12 SaaS procurement oversights - and the smart fixes that'll actually save your Total Contract Value? Download link in the comments. What procurement data would you love to see presented beautifully next?

One-third of teams are still doing procurement with spreadsheets 📝 Hayden Munt's back explaining why automation isn't some far-off future thing – it's happening now, and manual processes are getting left in the dust. The thing is: While some people are still copying contract details and chasing stakeholders, others are letting software do the heavy lifting. Hayden's suggestions: → Start with renewals – let tools compare contracts instead of doing it yourself → Make the request process actually easy for people to use → Organize contracts better than just "by department" – get creative with tags Why do manually what software can do faster and better? Another episode from our "Procurement in Practice" series! More where that came from on our Video Hub. What's the most annoying manual thing you have to do regularly? 👇

Your company is probably wasting millions on software you don't use. Our latest research shows that 66% of all SaaS applications are either unused or underutilized. That's two-thirds of your tech stack providing little to no value. 👉 Swipe for the key highlights and breakdown by company size. The good news? This waste is almost entirely preventable. Whether you're in procurement, finance, tech or just interested in cost optimization, this is one to download.

Your approval process is slower than your team's buying appetite 🐌 Tali Kauffmann's back with another episode, tackling the classic problem: approval processes that move at snail pace while teams need stuff... yesterday. What’s going on? Your team requests a tool at the start of the quarter. But halfway through, they’re still waiting - while the pain keeps growing. Tali's 3-step fix: → Be clear about what actually needs a complex approval flow (hint: not everything does) → Stop the approval conga line – let multiple people approve at the same time → Use tools that speed things up and help you show off how much time you're saving Nobody wants to be known as the team that slows everything down. Time to flip the script. Ready to level up your procurement game? Explore our full Procurement in Practice library. Link in comments.

How US tariffs revealed critical gaps in procurement processes worldwide: We analyzed $100Ms of spend across 1000s of procurement workflows to understand the real impact of recent US tariffs. What we found reveals critical blind spots in procurement operations globally. Key findings: • 25% increase in requests taking 45+ days • 3x more workflows paused over price uncertainty • 10% jump in cycle time variability While tariffs don't directly affect software procurement, they exposed universal weaknesses that every procurement leader should address: ✔️ Need for real-time process monitoring ✔️ Importance of market intelligence & vendor insights ✔️ Critical role of structured, disruption-resistant workflows The bottom line: External shocks amplify internal inefficiencies. Are your procurement processes ready for the next market disruption? Read our full analysis of what software procurement can learn from this global supply chain wake-up call. Link in comments.

Day 2 of ProcureCon Asia is wrapping up, and our Australia Vertice team is making waves in Singapore! Tomorrow's the final day - find Jordan Tang, Bronwen Griffiths, and Ethan McKean at Booth #7 to discover how Vertice is helping procurement teams slash software costs by 20%. Ready to transform your software procurement strategy? We'd love to chat - reach out to the team to grab a coffee tomorrow.

SaaS costs are officially out of control. We're now spending $9,000 per employee per year on software - and it's hitting new peaks every quarter. Unlike other sectors, SaaS inflation consistently outpaces regular market inflation, with 58% of vendors routinely hiking prices for essentially the same technology. The perfect storm: obscured pricing, feature shrinkflation, and procurement processes that artificially inflate costs. Meanwhile, poor tech stack visibility is killing our negotiation power. For most businesses, SaaS spend is second only to headcount. Yet we're treating it like an afterthought while vendors dictate terms in ways that would never fly in traditional markets. The warning signs are everywhere, but the strategies to fix this mess aren't obvious. So we put together a comprehensive guide that breaks down exactly what's driving these costs and how to systematically bring them under control within 6 months. Worth a look if you're tired of watching your software budget spiral. Get your free copy today: https://xmrrwallet.com/cmx.pvrtc.io/3TvhIN7

Tired of chasing stakeholders for missing procurement info? 🏃♀️💨 Our Product Marketing Manager Liv O'Hern is back with practical fixes to stop the endless back-and-forth that's slowing down your procurement process. The problem? Internal stakeholders submit incomplete requests, leaving you playing detective instead of doing strategic work. Liv's 3-step solution: → Match your intake form to the request type – keep it simple, not scary → Meet people where they are – let them submit from Slack, Jira, or their go-to tool → Keep everything in one place – no more hunting through email chains or lost messages When requestors can easily follow the process from tools they already use, compliance goes way up and your sanity stays intact. This is another episode from our "Procurement in Practice" series - real solutions for everyday procurement challenges. Catch the entire series on our website's Video Hub.

"Enter into every purchase as if you're going to have to renew - because you will." Smart advice from Garner Blume at Lattice on simplifying SaaS procurement. His point? Don't just think about the initial purchase - think about what happens next. Things change for your business and your suppliers over time. So focus on getting good terms within budget, find the right balance, and move forward with the relationship in mind. As Garner says: "The switching costs are things that no one puts on the order form" - those hidden costs of changing vendors can really bite you. In the full episode, Garner talks about his approach to procurement that puts relationships first while still getting the results leadership wants. He explains why being kind to suppliers is actually a competitive advantage and how this has helped Lattice grow. He gets into building cross-functional relationships, hiring for "thoughtfulness" over traditional procurement experience, using data and AI effectively, and why properly offboarding vendors matters more than people think. Worth a watch if you're dealing with procurement, finance, or just want to build better business relationships. Full episode link in comments.