Verian repeats this year as one of Spend Matters’ 50 Providers to Watch because it continues to stay differentiated in the market by providing an integrated standalone source-to-pay suite (with a core strength in procure to pay) that also includes inventory management, asset management, expense reporting, industry-specific functionality and a relentless focus on customer requirements rather than marketing.
From a pricing and delivery perspective, the firm scales down to the mid-market, but can scale up to large enterprise requirements (albeit with a North American focus rather than a true global footprint). We like its configurability – even in the cloud – and although its conservative approach might constrict its growth rates relative to other high-flying providers, many customers seem to appreciate its incremental customer-focused “built-to-last” approach that has helped it succeed for so many years. Support for complex industry scenarios (e.g., vendor-managed inventory, oil and gas, etc.) also help Verian stand out in the market.