Vertice Features

Provides ability to track and/or map spending on all tools across departments with little to no manual entry.

Continuously tracks the number of licenses in use and how often they are being utilized. Tracks usage internally or through integrated applications.

Provides administrative features to renew, track pricing, analyze terms, and outline expiration dates for SaaS contracts.

Allows companies to select a wide variety of applications to track and manage.

Presents information and analytics in a digestible, intuitive, and visually appealing way.

Use criteria to add or remove suppliers to/from approved lists.

Manage communications with suppliers on multiple channels such as phone or email.

Capture and maintain documents related to suppliers and their products or services.

Compare goods received with purchase orders and document variations

Provides recommendations on how to improve your use of existing SaaS tools and recommendations on new SaaS tools

Ability to project spend based on contracts signed. Identifies redundant transactions and unnecessary costs.

Facilitates the comparison of your software products, costs, sentiment, and/or utilization to that of peer companies

Creates reports outlining application utilization, cost, user sentiment, and/or functional overlap.

Allows users to schedule instances, changes or other operational tasks in advance.

Efficiently scales resource usage to optimize spend whith increased or decreased resource usage requirements.

Tracks infrastructure resource needs and alerts administrators or automatically scales usage to minimize waste.

Ability to project spend based on contracts, usage trends, and predicted growth.

Provides use-specific recommendations regarding performance and resource utilization.

Provides ability to track and/or map spending on all cloud spend across departments with little to no manual entry.

Creates reports outlining resource, underutilization, cost trends, and/or functional overlap.

Presents information and analytics in a digestible, intuitive, and visually appealing way.

Helps companies ensure they meet their industry-specific compliance needs for data management and privacy standards.

Consolidates procurement data from multiple systems such as ERP systems and supply chain suites.

Define rules and workflows that managers can use to approve different kinds of spending.

Align spending across various departments such as procurement and accounting.

Use historical spend data to create benchmarks per company or department.

Provide forecasts on future trends that may impact spending performance.

Identify savings opportunities per activity, department, or at the company level.

Manage workflows and business processes for procurement.

Provide standard procurement contracts that can be customized.

Maintain a repository of content such as catalogs and other documents.

Define requisition rules for various types of procurement

Provide features to capture and record invoices, such as import or scanning

Allow suppliers to submit invoices using an online portal

Allows users to evaluate supplier performance using standard and custom KPIs.

Provide features to compare suppliers and choose the best option for various activities.

Identify potential issues and how they may impact relationships with suppliers.

Identify and assess suppliers for different products and services.

Electronically create and manage purchase orders for products and services.

Include features for procurement invoicing and e-invoicing.

Ability to match AP invoices to POs, contracts, or payments

Include workflows for approvals and invoice processing

Comply with local and global tax regulations for collections

Create and manage supplier profiles that include contact and pricing information.

Identify the services and products provided by suppliers, as well as certifications.

Track history of all interactions and business transactions with suppliers.

Improve visibility into procurement activities across the company.

Monitor the performance of procurement operations

Analyze procurement spending and identify future trends.

Provide integration with accounting and financial management software

Integrate with payment gateways and enterprise payments software

Deliver integrations with accounting modules of ERP systems

Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management

Reports that allow the user to sort and filter by vendor, team, GL, department, etc.

The ability to export reports in various formats, such as excel, CSV, and Google Sheets

Report on and track spending against budgets

Notifies users of pending approvals with alerts and notifications

Allows for predefined approval workflows based on roles, departments, or spending limits

Automates the creation, submission, and approval of purchase requisitions

Monitors supplier compliance to guidelines and standards while also managing risks

Provides tools for suppllier onboarding and assessing their performance

Maintains a repository for storing and organizing supplier details

Uses tools for examining expenditures and generation reports to identify trends

Provides real-time insight into procurement costs within categories, departments or projects

Uses risk assessment tools for identifying potential supplier or contract risks

Automates the enforcement of procurement policies, regulatory requirements, and compliance checks

Provides onditional routing for purchase approvals, contract reviews, and supplier selection

Allows for flexible workflow configurations to suit specific business needs

Adjusts approval processes based on project, department, or spending thresholds

Capability to perform complex tasks without constant human input

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Anticipates needs and offers suggestions without prompting

Capability to perform complex tasks without constant human input

Capability to perform complex tasks without constant human input

Ability to break down and plan multi-step processes

Works across multiple software systems or databases

Improves performance based on feedback and experience

Engages in human-like conversation for task delegation

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Makes informed choices based on available data and objectives