Product Release - Vertice AI

An introduction to Vertice AI

‍A foundational step toward simpler, smarter procurement.

We are excited to introduce Vertice AI, a powerful agentic AI designed to simplify and enhance your procurement processes. 

For years, finance and procurement teams have repeatedly told us of the frustration of knowing they were wasting spend and risking business performance, but lacked immediate access to the right information to fix it.

Agentic AI was supposed to solve this problem. But the same customers also told us that other procurement AI agents they had explored simply sat on top of the same processes and limited data sources - meaning bad decisions were just made faster.

How is Vertice AI different?

The greatest obstacle to successful, simple procurement is data.

Data provides context, which allows better decisions to be made and action to be taken faster.

So when we built Vertice AI, we wanted to make sure that customers would have more data available to them than ever before; and that despite this enormous breadth and depth, they would be able to cut through it instantly at exactly the moment they needed it.

‍What powers Vertice AI:

• More than 50 data sources, including the world's largest knowledgebase of global SaaS benchmarking data and vendor insights, covering over 16,000 vendors around the world and more than half a million price points.
• Advanced reasoning models trained by human procurement experts.
• Detailed, real-time understanding of each customer's individual histories, including contracts, workflow templates, procurement cycle data, policies, priorities, approval flows, usage data, renewal timelines, and more.
• A network of 50+ procurement agents working seamlessly in the background, rigorously trained on 70+ specific procurement tasks.

But such capability is only powerful if it is easy to deploy.

Meet Verity, your new AI teammate for procurement.

Based on either a user’s direct question or by intuitively understanding the user’s objective from their activity on the Vertice platform, Verity recruits the most suitable of the 50+ agents to support the query, and provides real-time, contextual, data-backed insights at any step in the procurement process. 

Verity is designed to work within your existing workflows, adapting to your specific goals and past actions, and solving challenges simply, specifically and proactively.

Here's some examples of how Verity can help

Renewal Insights: Verity provides in-depth analysis of every vendor's performance and past price increases.

Compliance and Risk Review: The platform helps ensure your adherence to internal policies and regulations by automatically checking for compliance.

Stack Review: Easily spot underused licenses and opportunities for SaaS stack consolidation.

Automated Procurement Actions: Vertice AI automates key steps in renewals and purchasing, so requests move faster.

Price Benchmarking: Vertice AI can compare your quotes against market pricing to identify potential savings.

Negotiation Insights: Get immediate strategies and vendor-specific tactics for your negotiations.

Smart Document Extraction: Eliminate manual data entry by uploading contracts and automatically extracting key details.

Vertice AI is more than just a new feature

It was built in response to what we’ve consistently heard from procurement teams and experts: wasted spend, poor visibility, and a lack of reliable data to make the right decisions.

Vertice AI is what procurement should be - fast decision-making, based on extraordinary data, individual context and expertise.

And for us, we see Vertice AI as typifying our mission: simple procurement that makes business go faster and further.