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Getting Access to Pricing Data Could Cut Fintech Costs by 20 Per Cent

Businesses are spending billions annually on their software-as-a-service (SaaS) stack while enduring countless hours of buying, renewing, negotiating and managing their services.
By The Fintech Times
Oct 14, 2022
undefined min read
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Vertice raises $25M for AI-based tools to help companies tackle software spend
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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.