News & Press

Monday, Apr 15, 2024

The hidden cost of software
Senior finance & tech leaders stuck in contract management merry-go-round
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Vertice raises $25M for AI-based tools to help companies tackle software spend
Investment led by 83North and Bessemer Venture Partners follows 7x ARR growth in 2023.
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Software inflation surpasses UK consumer inflation in 2023
Software inflation in 2023 has outpaced UK consumer inflation for the first time, hitting a high of 8.7%. This data was reported by Vertice, the SaaS and cloud spend optimization platform, and significantly exceeds the UK’s Consumer Price Index (CPI) inflation, which is at 6.7%.
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Cloud costs increase amid SaaS pricing hikes
Vertice, which provides a cloud and SaaS cost optimization platform, pegged the 2023 SaaS inflation rate at 8.7%. The company's annual SaaS Inflation Index, published this week, noted that nearly three-quarters of software vendors raised prices over the past 12 months.
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Vertice wins big in TechRound’s SaaS66 Awards
Vertice is proud to feature in TechRound's shortlist of the UK and Europe's most innovative SaaS companies and initiatives.
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Vertice recognized as procurement champion in the ProcureTech100
Vertice has been named one of the definitive 100 pioneering digital procurement solutions in the ProcureTech100.
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‘Stubbornly high’ SaaS prices outpace CPI inflation
Software-as-a-service spending now accounts for 14.1% of a typical company’s expense line, up from 12.7% last year, according to research from Vertice.
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How to squeeze more out of your cloud spend
In a time of high inflation and tough fundraising conditions, it’s essential for business leaders to give their cloud investments the same scrutiny as other overheads like headcount, office, space, and SaaS contracts. Eldar Tuvey, Founder & CEO of Vertice, shares his tips for managing cloud costs with Business Age.
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Vertice Receives Procurement Software Recognition from Top B2B Review Site
FinancesOnline, a prominent B2B review platform, has awarded Vertice the prestigious Rising Star Award in recognition of our outstanding service offering and cutting-edge product innovation
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Vertice Survey Reveals the Challenges of Growing Cloud Costs and Launches Optimisation Offering
Fifty-five per cent of finance and tech leaders admit there is a transparency and knowledge gap that threatens the potential of cloud investments and could hold back innovation.
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Runaway cloud spending frustrates finance execs: Vertice
Finance leaders are almost three times as likely to be concerned about cloud costs than their tech peers, and more than twice as likely to be worried about cloud visibility, a Vertice study found.
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Software Spend Is Surging: What Can A Business Do?
Unlike anywhere else across our economy, the cost of software has soared. How can businesses ensure they are leveraging the right tools for the job while avoiding hidden, unexpected and rising costs?
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How to cut your SaaS spending by 30% in 2023
The current state of affairs paints a concerning picture for SaaS buyers. These would be worrying figures in any economy, but for CFOs attempting to drive growth during an economic downturn, soaring software costs should be ringing alarm bells.
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Which SaaS products are getting cut?
Joel Windels, VP of marketing at SaaS management tool Vertice, tells Sifted that while sales and marketing platforms are growing fast, many companies are now also renegotiating contracts with software providers as they try to cut costs.
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HR SaaS prices rise, especially for new implementations
The cost of implementing new HR SaaS software is on the rise as contractor wages increase. HR software prices are going up overall, requiring sharper negotiation skills.
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Vertice launches powerful new usage analytics and discovery tools
Updates to Vertice’s SaaS purchasing platform help businesses map their tech stack and identify under-utilized subscriptions
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Vertice Named #1 in Early-Stage UK SaaS Startups to Watch
This article profiles 50 UK-based SaaS companies to watch this year, from established firms to emerging startups innovating in this space.
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