Spend Matters 50/50: Verian – A Provider to Watch in 2015

100 companies - 100 days

We announced here and here our two (not ranked) lists: Spend Matters 50 To Know and 50 To Watch firms for 2015/2016. In the first case, this is our view of the 50 solution provider type organisations in the procurement industry that every senior procurement leader should be aware of and understand. The 50 To Watch are the up-and-coming firms  - those with interesting and relatively new solutions for our market. The 50 To Know are the key organisations in our industry that procurement executives need to have on their radar.

Having announced the lists, our US colleagues are now featuring each of the 100 firms in turn with an article giving an overview of each, with some headline Spend Matters thoughts on them. So on this site we will be giving you a brief extract of the US article, plus adding our own comments where we have anything useful to add from a European perspective. Sometimes we do, sometimes we don’t!

Here is what our US colleagues had to say about Verian:

"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.

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..."

You can read more on what our US colleagues have to say about Verian here. The firm does not have a serious presence in Europe at the moment, with its one office in Charlotte, but that profile may change indirectly following the announcement that they are providing the purchase to pay "engine" that will be used by BravoSolution (huge iu Europe of course), as that firm develops a true source-to-pay offering.

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