Vertice stories
Unused subscriptions and forgotten renewals are costing UK businesses up to GBP £8.9 billion a year, a new model says.
Vertice research reveals that optimised procurement can make companies 32% faster to innovate, but only 18% have achieved it due to outdated processes.
'Software as a Service' (SaaS) inflation rate surpasses UK CPI rate, causing a global 'cost of software crisis'.
The deal will give procurement teams access to a larger pricing dataset spanning USD $75 billion in indirect spend, boosting negotiation insight.
Vertice has secured $50 million in Series C funding, boosting its total to over $100 million, aimed at enhancing global procurement processes.
A study by Vertice reveals businesses waste 385 hours in meetings annually due to inefficiencies in software contract management.
