Vertice, a London-based AI procurement company, just made a big move. They acquired Vendr, a US leader in software pricing. Together, they claim to have built the world’s largest procurement intelligence dataset.

The combined data covers more than $75 billion in global indirect spend. It includes insights from 32,000 vendors and over 250,000 negotiated contracts. These contracts span software and services, giving a rich source of real-world pricing and negotiation data.

This deal means Vertice now holds more than two million price points. That’s ten times more than its nearest competitors. With this scale, their AI negotiation agent, called Ana, gets smarter and more effective.

Smarter Negotiations with AI

Vertice’s AI agent Ana is trained on hundreds of thousands of real negotiation cases. Buyers set their priorities, policies, and thresholds. Ana then negotiates directly with vendors to optimize costs, payment terms, and compliance.

By folding in Vendr’s deep software pricing data, Ana now handles negotiations with even greater precision. This means procurement teams can save time and money. Ana works 24/7, reducing manual effort and driving better deals.

More than 1,000 customers worldwide rely on over 60 AI agents operated by Vertice and Vendr. These agents cover key workflows like intake, pricing optimization, risk assessment, and contract management.

Why This Matters for Procurement Teams

Historically, buyers had less information than vendors when signing big contracts. Vendr’s CEO pointed out that buyers made million-dollar decisions with only a fraction of the data. Joining Vertice changes this dynamic.

Now, buyers gain access to a richer intelligence platform embedded where procurement decisions happen. This lets them negotiate with confidence, armed with data on pricing trends, sales tactics, and risk.

Vertice’s CEO says this combined platform sets a new standard for AI in procurement. Enterprises can move from reactive buying to proactive, data-driven negotiation. That leads to faster, smarter purchasing decisions.

The Growing Challenge of AI Spend

Vertice also recently launched an AI Cost Optimization tool to tackle runaway AI expenses. Consumption-based pricing models have pushed some companies’ AI costs 40% over budget. Uber and Microsoft faced major budget overruns this year due to rising AI usage.

This new tool tracks AI usage and spending across vendors. It forecasts costs, flags budget risks, and offers tailored recommendations. Finance, procurement, and IT teams get a clear view of token usage, requests, and cost drivers.

Traditional cost management tools don’t work well for unpredictable AI billing. Vertice’s solution helps companies regain control. It shows which teams and AI models consume the most resources. Alerts warn about usage surges and potential contract breaches.

With AI adoption growing fast, managing costs is critical. Vertice’s dataset of 32,000+ SaaS vendors’ pricing and contracts powers smarter negotiations and spend control. This gives businesses a strong advantage in the new AI economy.

Looking Ahead

Founded by brothers Roy and Eldar Tuvey, Vertice has roots in successful SaaS exits. Today, it’s recognized as one of the UK’s fastest-growing scale-ups. It serves customers in over 100 countries with offices worldwide.

The Vertice and Vendr deal shows how AI and data can reshape procurement. It brings transparency, automation, and insight to a complex, often opaque process. Procurement teams can now negotiate better deals faster, saving millions.

As AI tools become central to business, controlling costs and optimizing spend will only grow in importance. Vertice’s approach offers a glimpse of how AI can power smarter buying decisions across the enterprise.