VerticeRankedHighestinSaaSProcurement ManagementPlatformsAnalystReport
Thefirstmajoranalystreportintothe
SaaSpurchasingmarketwasrecently publishedbyLionfishTechAdvisors, featuringadetailedanalysisofaproduct categorythatisgrowingrapidlyin contrasttoasluggishwidertech marketplace.
Theresearchdetailsthetrends, insightsandbenefitsofthe emergingtechnologiesinthe space,rankingthemost significantvendorsacrossfour differentcriteria.
Verticescoredbestforproduct functionalityandusability,aswellas forbothmarketvelocityandcustomer satisfaction,makingittheoverall leaderamongSaaSProcurementand ManagementPlatforms,aheadof Sastrify,VendrandTropic.
Otherproductssuchas Welii,Zluri,Spendfloand Zylodidnotmeeteligibility criteriaforinclusion.
Thereportsummarizesitsselectionof Verticeasthemarketleader,statingthat it"Rankshighestinbothcustomer satisfactionandproduct functionality/usability,andhasthe fastestmarketvelocityofanyplayerin themarkettoday".
Fivekeyareaswereassessedto determineproductrankings: spendmanagement,usage analytics,procurement processes,integrationsanddata intelligence.
Customersatisfactionratings werecalculatedbyanalyzing savingoutcomesandROI, serviceexcellenceanddata insights.
"It'sextremelyvalidatingtoseethat technologyexpertsaretakingacloser lookatthisemergingspace,andthat ourproductstrategysocloselyaligns withtherequirementsofour customers"saidJoshWigmore,VP ProductatVertice.
ThepaperalsooutlinesthatSaaS spendisgrowingataround20% annually,withorganizationsnow usingover125differentSaaS applicationsandspendingupto $10,000USDperemployeeeach year.
Lionfish’sTechAdvisorsReport forEvaluatingSaaSProcurement andManagementPlatforms.is availableinfullat https://www.vertice.one/insidesaas/reports/lionfish-techadvisors-report-2023
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