Verian Update: Release of Version 15.1, Its Relationship With BravoSolution and What’s Next for the Provider [PRO]

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Verian is one of the leading procure-to-pay (P2P) solution providers in the market, with a full-suite offering that includes purchasing, reporting, invoicing, budgeting and analytics functionality. It has now launched version 15.1, adding innovation to its inventory management and asset management modules – key differentiators that allow customers to manage indirect spend, the total lifecycle of all assets in the P2P workflow and facilities management. Verian started as a on-premise platform, but since 2009 it has been converting its customers into its software-as-a-service (SaaS) solution, with all the advantages that the cloud brings. Today the company has 8 conversions in progress and will continue with this effort at a rapid pace. Verian’s SaaS business has grown at a rate of 40%. The goal is to migrate all of its existing on-premise customers to SaaS, including those with multi-tenancy capability. All cloud-based multi-tenant customers will receive upgrades seamlessly and simultaneously. This Spend Matters PRO research brief takes a look at what is included in Verian’s version 15.1 release, its relationship with BravoSolution and what’s next for the provider.

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