Veriscape

What Veriscape does

Veriscape Inc. is a private US-based procurement execution software company that builds tools designed to extend, rather than replace, large enterprises' existing ERP systems. Founded in 2004 and headquartered in Los Alamos with offices in Albuquerque (US) and Sydney (Australia), the company targets regulated, process-heavy buyers in Banking and Financial Services, Pharmaceutical and Healthcare, Manufacturing, Automotive, Energy, Education, Chemicals, and Telecommunications — a logo roster that includes Pfizer, Bayer, Philips, Bank of America, Cisco, and Purdue University. Veriscape positions its offering around closing the gap between what ERPs promise and what procurement teams actually experience: manually driven approvals, disconnected catalogs, and limited spend visibility.

The company sells an integrated platform of five core modules — SRM, Catalogs, Requisitions, Flow, and Forecast — complemented by IntelleCat (a catalog management solution purpose-built for SAP ECC and SAP SRM, supporting formats including OCI5, cXML, PunchOut, Excel, and CSV) and a managed-services offering, Procurement as a Service, for SMEs. The platform is cloud-native on AWS (Veriscape is an AWS Select Tier Partner), integrates with 30+ ERP systems, and ships an AI-driven spend analysis and budget forecasting capability within Veriscape Forecast. Customers have processed hundreds of millions of purchase requisitions across 400+ sites in 30+ countries, with deployment timeframes under six weeks for IntelleCat.

Veriscape operates a hybrid go-to-market combining enterprise field sales ('Book Demo' CTAs targeting procurement teams in regulated industries) with channel partner distribution through Procurify (mid-market procure-to-pay, accessing $30B of managed spend) and ProcurementFlow. Revenue is generated via annual subscription licensing for the platform and managed services fees for Procurement as a Service, with quote-based pricing tailored to enterprise requirements, modules selected, and integration complexity. The company is led by CEO Pradeep Sriganesh and operates with 11-50 employees.

Name

Veriscape

Legal name

Veriscape Inc.

Website

https://veriscape.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Veriscape is a private US-based procurement execution software company that builds an integrated platform — SRM, Catalogs, Requisitions, Flow, and Forecast — designed to extend existing ERP systems for regulated enterprise buyers across Banking, Pharma, Manufacturing, Energy, and Automotive.

Ownership category

akta.pro rank

Product category

Procurement Software

NAICS

Custom Computer Programming Services (541511), Computer Systems Design Services (541512), Process, Physical Distribution, and Logistics Consulting Services (541614)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373), Services-Management Consulting Services (8742)

akta.pro industry

PRIMARYBPAAAJAI

Catalog & eProcurement Enablement (Punchout, Item Master)

Business & Public Services/Administrative & Support Services (BPO, Call Centers, Back Office)/Procurement & Purchasing Support (P2P, Vendor Admin)

SECONDARYBPAAAJAJ

Spend Analytics & Reporting Support

Business & Public Services/Administrative & Support Services (BPO, Call Centers, Back Office)/Procurement & Purchasing Support (P2P, Vendor Admin)

SECONDARYBPAEAGAO

Enterprise Application License Advisory, Vendor Management & Optimization

Business & Public Services/IT & Digital Services (Managed Services, Systems Integration)/Enterprise Applications Services (ERP/CRM/HRIS)

SECONDARYBPAHAHAB

Procurement & Strategic Sourcing

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Operations & Supply Chain Consulting

Keywords

• Procurement software
• Supplier relationship management
• Spend analytics
• Catalog management
• ERP integration

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Platform Software Licenses/Subscriptions: Subscription-based access to the five Veriscape platform solutions (SRM, Catalogs, Requisitions, Flow, Forecast) designed to extend existing ERP systems. Pricing is quote-based and tailored to enterprise requirements.
2. IntelleCat Catalog Management: Catalog management solution for SAP platforms offered as part of the platform suite, with rapid deployment (most customers operational in under six weeks) and cost-effective pricing.
3. Procurement as a Service: Managed services offering ranging from advisory support to full end-to-end procurement function operation, leveraging 25 years of procurement expertise.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Veriscape provides a procurement execution platform consisting of five integrated solutions — SRM (Supplier Relationship Management), Catalogs, Requisitions, Flow, and Forecast — designed to extend and complement existing ERP systems for enterprise procurement teams. The company also offers IntelleCat (catalog management for SAP), Procurement as a Service (managed procurement services), and resells partner products Procurify and ProcurementFlow.

Product overview

Veriscape is a procurement execution platform offering a unified platform-plus-modules architecture designed to extend existing ERP systems. The core portfolio consists of five integrated solutions: Veriscape SRM (supplier relationship management), Veriscape Catalogs (catalog management and standardization), Veriscape Requisitions (procurement request and approval workflows), Veriscape Flow (cross-system workflow automation and integration), and Veriscape Forecast (real-time spend analysis and budget control). These five modules work together or independently, all aligned to the customer's ERP. Supporting offerings include IntelleCat (a catalog solution for SAP ECC and SAP SRM platforms) and Procurement as a Service (managed procurement services). Veriscape also resells/distributes partner products Procurify (procure-to-pay) and ProcurementFlow through its solution catalog. The platform serves over 400 sites globally, manages $1 billion in annual spend, and integrates with 30+ ERP systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Veriscape SRM Supplier relationship management module that handles supplier onboarding, supplier portal access, performance tracking, and supplier data management for enterprise procurement teams.
• Veriscape Catalogs Catalog management module providing catalog authoring, content management, and item master governance for enterprise procurement organizations.
• Veriscape Requisitions Purchase requisition module providing guided buying, approval workflow, and request management for enterprise procurement teams.
• Veriscape Flow Workflow and integration module that automates procurement processes and integrates procurement data with ERP and back-office systems.
• Veriscape Forecast Spend analytics and forecasting module that uses AI to provide spend visibility, budget forecasting, and procurement intelligence for enterprise customers.
• IntelleCat SAP-specific catalog management product that enables catalog content and item master management within SAP environments.
• Procurement as a Service (PaaS)
• Procurify (Partner Product)
• ProcurementFlow (Partner Product)

Quantifiable outcome

• Rapid deployment: most IntelleCat customers fully operational in under six weeks
• +2 more outcomes

Named customers13 records

Segments9 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability4 records

Feature7 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• ProcurementFlowflagshipStrategic or Co-development Partner · 29 February 2024Strategic partnership to make ProcurementFlow's Source-to-Pay (S2P) solutions available for customers across Asia Pacific. Veriscape leverages its two decades of expertise deploying supply chain technology across Europe and North America to help emerging businesses expand into APAC markets. ProcurementFlow provides cloud-based source-to-pay automation with built-in eSourcing capabilities for RFI, RFP, and RFQ dispatch to multiple suppliers.
• ProcurifyflagshipStrategic or Co-development Partner · 6 February 2024Strategic partnership to deliver Veriscape's procurement execution capabilities alongside Procurify's procure-to-pay platform. This collaboration combines Veriscape's 20+ years of supply chain technology expertise with Procurify's purchasing and AP automation solutions. The partnership targets organizations seeking real-time spend visibility and control through an integrated procure-to-pay software platform across Europe, North America, and APAC. Procurify manages over $30B in spend through their platform.
• Amazon Web Services (AWS)coreTechnology or Integration · 1 January 2024Veriscape is an AWS Select Tier Partner with all Veriscape products natively hosted on AWS. This partnership provides enterprise-grade infrastructure with scalable architecture, high availability with built-in failover and redundancy, enterprise security aligned with compliance mandates, and ongoing innovation through cloud-native architecture and automation tools.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Oracle Procurement Cloud: Oracle's procurement cloud, part of its broader ERP suite, is a broad incumbent comparable to Veriscape in SRM, sourcing, and contract management for enterprises that already run Oracle ERP.
• GEP: GEP offers a combined source-to-pay platform plus procurement managed services (similar to Veriscape's PaaS). It is a broader incumbent serving large enterprises with consulting, BPO, and software.
• Workday Procurement: Workday's procurement module, embedded in its broader ERP/HCM suite, competes with Veriscape's ERP-extension value prop by offering native procurement within an increasingly adopted enterprise platform.

Direct peers

• Basware: Basware provides purchase-to-pay and AP automation with deep catalog, supplier, and invoice capabilities—a direct competitor to Veriscape's catalogs and requisition workflow focus.
• SAP Ariba: SAP Ariba provides source-to-pay, supplier management, and catalog solutions natively within the SAP ecosystem—directly overlapping with Veriscape's SRM, Catalogs, Requisitions, and Forecast modules.
• Ivalua: Ivalua provides a unified source-to-pay platform with strong spend analytics and supplier management—comparable to Veriscape's combined SRM, Forecast, and Requisitions capabilities for enterprises.
• Coupa Software: Coupa offers a unified Business Spend Management platform spanning procurement, sourcing, supplier management, and spend analytics. It is the closest direct competitor to Veriscape's integrated procurement execution suite for enterprises.
• Zycus: Zycus delivers AI-driven source-to-pay automation including supplier management and spend analysis—overlapping with Veriscape's Forecast AI capabilities and core S2P modules.
• Procurify: Procurify is both a Veriscape channel partner and a peer in mid-market procure-to-pay. Its platform competes with Veriscape-integrated offerings for similar buyers, making it a strategic as well as competitive counterpart.
• Jaggaer: Jaggaer delivers source-to-pay and supplier management software for enterprise and education procurement, making it a direct peer to Veriscape across SRM, requisitions, and catalog enablement.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/veriscape-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veriscape