Vertice Ranked Highest in SaaS Procurement
Management Platforms Analyst Report
The first major analyst report into the
SaaS purchasing market was recently
published by Lionfish Tech Advisors,
featuring a detailed analysis of a product
category that is growing rapidly in
contrast to a sluggish wider tech
marketplace.
The research details the trends,
insights and benefits of the
emerging technologies in the
space, ranking the most
significant vendors across four
different criteria.
Vertice scored best for product
functionality and usability, as well as
for both market velocity and customer
satisfaction, making it the overall
leader among SaaS Procurement and
Management Platforms, ahead of
Sastrify, Vendr and Tropic.
Other products such as
Welii, Zluri, Spendflo and
Zylo did not meet eligibility
criteria for inclusion.
The report summarizes its selection of
Vertice as the market leader, stating that
it "Ranks highest in both customer
satisfaction and product
functionality/usability, and has the
fastest market velocity of any player in
the market today".
Five key areas were assessed to
determine product rankings:
spend management, usage
analytics, procurement
processes, integrations and data
intelligence.
Customer satisfaction ratings
were calculated by analyzing
saving outcomes and ROI,
service excellence and data
insights.
"It's extremely validating to see that
technology experts are taking a closer
look at this emerging space, and that
our product strategy so closely aligns
with the requirements of our
customers" said Josh Wigmore, VP
Product at Vertice.
The paper also outlines that SaaS
spend is growing at around 20%
annually, with organizations now
using over 125 different SaaS
applications and spending up to
$10,000 USD per employee each
year.
Lionfish’s Tech Advisors Report
for Evaluating SaaS Procurement
and Management Platforms.is
available in full at
https://www.vertice.one/inside-
saas/reports/lionfish-tech-
advisors-report-2023
Find Out More At
https://www.vertice.o
ne/