Vertice launches procure-to-pay for finance and procurement. October 21, 2026 Vertice's new P2P capability brings intake, procurement and payment into one record, helping finance teams plug post-signature value leakage The AI procurement platform built for the modern enterprise, Vertice, has launched its Procure-to-Pay (P2P) capability. The advancement will see the company significantly extend its capabilities beyond Intake-to-Procure (I2P). It creates a single, consistent record from request to payment, helping procurement and finance work seamlessly from one source of truth. One record from request to payment. Within Vertice's P2P function, the platform will oversee the entire procure-to-pay process, from invoice capture and processing to PO matching, spend controls and payments. By consolidating purchase orders, invoices and payments alongside initial requests, approvals, negotiation histories and contracts within a single record, AP and finance teams cut down on reconciliation time. They also gain the insights and tools required to drive cost savings and refine predictive budgeting. Eldar Tuvey, CEO and Founder of Vertice, says: "More than 10% of contract value leaks away after signature through missed early payment discounts and suboptimal payment terms. "Finance teams can't protect value if all they can see is a PO and an invoice. We are giving Finance the visibility, context and automation they need to easily plug these leaks. They can generate real strategic value for their businesses by accelerating innovation, removing discrepancies, optimizing spend and budgeting much more accurately." "More than 10% of contract value leaks away after signature through missed early payment discounts and suboptimal payment terms " Eldar Tuvey,CEO and Founder, Vertice Market intelligence drawn from US$75bn of spend. Vertice provides a different way for procurement to operate, with wider context behind each contract and invoice. Its proprietary procurement intelligence dataset, which the company describes as the largest of its kind in the world, provides current market context from US$75bn of spend across 32,000 vendors. This gives finance teams the ability to ensure the best deal is negotiated and to budget more accurately, based on details such as vendor pricing changes. It also helps them optimise working capital through improved payment terms and identify early payment discount opportunities. Patrick Reymann, Research Director - Procurement Applications and Agents at IDC, adds: "Vertice has established a clear reputation for innovation, user experience and commercial outcomes in Intake-to-Procure, even being named a Leader in the 2026 IDC MarketScape. This position was based in no small part on the context they are able to deliver with their proprietary procurement intelligence dataset. Bringing this to the Procure-to-Pay process is the next logical step, and has the potential to be differentiating." Through Vertice's P2P platform, organisations have achieved quicker payment cycles, superior commercial terms or more precise cost forecasts across more than 80% of their suppliers. "Finance teams can't protect value if all they can see is a PO and an invoice. " Eldar Tuvey, CEO and Founder, Vertice AI agents across the complete workflow. Vertice has scaled its proven AI technology across the complete P2P workflow. This features automated invoice intelligence agents that extract essential data, categorise documents, reconcile invoices against budgets, POs and contract terms, and enhance records with full audit trails and GL coding. Early P2P customers' finance and AP teams are already using Vertice P2P to: * Resolve complex invoice discrepancies * See where vendors are showing greater flexibility in pricing and terms, and renegotiate contracts early * Recover working capital through better use of payment terms * Capture early-payment discounts * Dynamically adjust budgets as vendor pricing shifts Building on the momentum of Ana. The launch continues some impressive momentum for Vertice, which earlier this year launched Ana, an AI negotiation agent built for software purchases. According to Vertice, around 14% of software contracts are automatically renewed without oversight, particularly within tail spend. Furthermore, 75% of contracts are renewed without any review, allowing vendor price increases, modified terms and compliance changes to proceed unchecked. To address these challenges, Ana provides procurement teams with data-driven negotiation capabilities across their full technology stack. This includes detailed reporting, predictive outcomes, auditability and reasoned insights. Ana, or Autonomous Negotiation Agent, will work to take away the capacity constraints preventing cost and risk oversight from being applied throughout the entire stack. Through its ability to run an unlimited number of custom negotiations simultaneously on behalf of its customer, the tool creates scenario-specific strategies, then picks the most powerful levers and sequences for the situation. It also models the most likely outcomes at every step of the journey, drafts every interaction and tracks the vendor exchange. Speaking at the time, Eldar said: "Procurement Mag built Ana to bring savings, consistency, and control to every software purchase, at a scale no procurement team could ever deliver manually. But what matters just as much is how it gets there. "Great procurement isn't as simple as squeezing the other side. It's about ensuring a win-win: fair terms for the customer, stronger relationships with vendors, and better outcomes for everyone." "Bringing this to the Procure-to-Pay process is the next logical step, and has the potential to be differentiating. " Patrick Reymann,Research Director - Procurement Applications and Agents, IDC Vertice customer success. Staffbase: Staffbase was running manual processes for benchmarking, negotiation and spend monitoring - particularly troublesome as their AI spend was escalating. Vertice implemented AI workflows to intelligently capture and route all new purchases and renewals with the right information based on internal policies and criteria. Vertice's AI Cost Optimization helps Staffbase control their AI spending in a single view, with usage forecasts and optimization recommendations. And expert negotiators helped Staffbase reduce their spend across AI and SaaS. Over 650 hours have been saved from procurement operations for Staffbase, freeing up the team to focus on more strategic initiatives. With Vertice focusing on the day-to-day, single contract savings are exceeding 50%, and Staffbase were paid back their annual fees in less than 5 months. Quartex: Quartex had a sprawling, decentralised stack of 100+ SaaS contracts with duplication, unclear ownership, and no centralised ownership - leading to poor negotiation outcomes and renewal risk. Vertice implemented customised intake-to-procure workflows to improve consistency, compliance and speed, and embedded Vertice AI to dynamically insert deep pricing analysis, market intelligence and automation throughout their processes. Teaming this with full stack visibility via its Intelligent Procurement Platform, and Vertice's expert negotiators, Quartex realised over US$1m in first-year savings, an 8.9x ROI, and exceeded its savings guarantee by 510%. Executives. * Eldar Tuvey Co-Founder and CEO * Patrick Reymann Research Director - Procurement and Enterprise Applications Company Portals

Vertice has launched Ana, an AI negotiation agent for software purchases. The autonomous agent has completed over 4,000 negotiations, delivering average savings of 18% and reducing purchasing cycles by 15 days. Ana operates using Vertice's procurement intelligence dataset, which spans 250,000+ negotiated contracts, $75 billion+ in global indirect spend, and 32,000+ SaaS vendors. The agent can run unlimited simultaneous negotiations, either autonomously or as a copilot requiring team review. Vertice data shows 1 in 7 software contracts auto-renews without oversight. For tail spend, 3 in 4 contracts renew unreviewed. Ana addresses this capacity constraint by providing market evidence, outcome modelling, and pattern recognition from hundreds of thousands of expert negotiations. The launch comes as Gartner predicts 90% of B2B buying will be intermediated by AI agents by 2028.

Agile sourcing: Company of the Year Award shortlist. August 27, 2026 Explore the Procurement Awards finalists, Argon & Co, Garant Electronics, MTN Group, ORO Labs and Vertice-Quartex, driving agility and innovation Modern procurement organisations are achieving high commercial impact by combining agility, creative sourcing frameworks and automated digital workflows. The Company of the Year Award honours small- to mid-sized companies and agile sourcing organisations that demonstrate operational discipline, rapid innovation and strategic collaboration. The Company of the Year Award Criteria * Business Contribution: Delivering measurable financial performance, margin protection and cross-functional value. * Agility & Innovation: Deploying intelligent orchestration layers, intake management systems and automated workflows to accelerate cycle times. * Supplier Collaboration: Building transparent vendor ecosystems to improve visibility, compliance and mutual growth. * Balanced Cost Management: Balancing strict cost optimisation with investments in technological innovation and supplier development. * Resilient Execution: Navigating dynamic supply disruptions with proactive risk intelligence and responsive sourcing models. Argon & Co. Argon & Co is a global management consultancy specialising in operations strategy, logistics and end-to-end procurement transformation. Headquartered in Paris and operating from 18 international offices with more than 900 consultants, the firm designs and implements operational architectures that unlock commercial value. Its procurement practice combines digital tools like analytics and intelligent automation with category management to optimise client supply networks. Garant Electronics GmbH. Headquartered in Munich, Germany, Garant Electronics GmbH operates as a dynamic sourcing specialist providing electronic components and automation systems. The enterprise deploys AI-powered procurement software alongside dedicated supply channels to manage market volatility and protect component availability. By combining lean operational practices with rigorous supplier compliance, Garant Electronics delivers bespoke sourcing solutions that protect client supply chain continuity. Procurement Mag is incredibly proud and truly honoured to be named a finalist for the Company of the Year Award at the Global Procurement Awards 2026. Being recognised alongside such outstanding companies is a significant milestone for Garant Electronics and a testament to the dedication, passion, and hard work of its entire team. Garant Electronics GmbH ORO Labs. ORO Labs provides a no-code procurement orchestration and intake management platform that simplifies enterprise purchasing workflows. Founded by former SAP Ariba executives, the SaaS company integrates across ERP, P2P, and contract systems to give business users intuitive buying experiences. ORO Labs enables organisations to enforce compliance, reduce operational expenditure and shorten procurement cycle times across complex supplier networks. Vertice (Quartex transformation). Vertice operates an integrated SaaS and cloud spend management platform designed to help finance and procurement teams gain complete visibility over recurring expenditure. Combining granular spend analytics with automated contract workflows, Vertice helps organisations negotiate enterprise software agreements and eliminate unmanaged spend. Vertice partnered with Perth-based mining and resources enterprise Quartex to modernise and streamline its end-to-end procurement ecosystem. The joint transformation provided Quartex with complete visibility into vendor contracts, accelerated procurement cycle times and secured measurable hard-cost savings. MTN Group - Global Sourcing & Supply Chain. MTN Group's Global Sourcing & Supply Chain (GSSC) division coordinates sourcing and procurement operations across 19 operating companies serving more than 280 million subscribers. Led by Group Executive and CPO Andrew Savage, the organisation manages a multi-billion-dollar annual spend. MTN GSSC balances enterprise scale with agile execution by building proprietary digital platforms, including neural sourcing engines and automated supplier management frameworks. Procurement Awards 2025: Lifetime Achievement - Dirk Karl (MTN). Dirk Karl is Group Executive and Chief Procurement Officer at MTN Group. Leading one of Africa's largest procurement organisations, Dirk oversees multi-billion-dollar sourcing strategies across diverse markets. Last year, MTN won and was highly recommended for a number of categories at The Global Procurement Awards 2025, including Executive of the Year Award, Future Leader Award and Procurement Technology Award. As well as the Lifetime Achievement Award, which was awarded to Dirk Karl. At MTN, he has aligned procurement with the company's strategic priorities, supporting sustainable growth and digital transformation across Africa. His work reflects a balance of innovation and operational excellence. Company Portals