VerticeRankedHighestinSaaSProcurement ManagementPlatformsAnalystReport
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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