Veriscape
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.
- Company typePrivate
- Founded2004
- HeadquartersLos Alamos, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
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.
Veriscape firmographics
Firmographics- 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
Veriscape industry classification
Industry- 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 primary industry
- Catalog & eProcurement Enablement (Punchout, Item Master) (BPAAAJAI)
- akta.pro secondary industries
- Spend Analytics & Reporting Support (BPAAAJAJ), Enterprise Application License Advisory, Vendor Management & Optimization (BPAEAGAO), Procurement & Strategic Sourcing (BPAHAHAB)
Keywords
Where Veriscape is headquartered
LocationHeadquarters
- HQ city
- Los Alamos
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Veriscape business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise Platform - Custom pricing based on organizational requirements |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Veriscape product offering
Product offeringCore 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
Companies that use Veriscape
Customer profileNamed customers13 records
Segments9 records
Ideal customer profiles1 record
Veriscape technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability4 records
Feature7 records
Veriscape partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- ProcurementFlowflagshipStrategic 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 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)coreVeriscape 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
Veriscape competitors and assessment
Company assessmentBroad 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
Veriscape social profiles
Digital presenceVeriscape financial estimates
Financial estimateRevenue estimate
Valuation estimate
Veriscape leadership team
Management profileNumber of profiles
Profiles1 record
Veriscape funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Veriscape M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Veriscape
What does Veriscape do?
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.
Is Veriscape a public or private company?
Veriscape is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Veriscape founded?
Veriscape was founded in 2004. It employs 1 to 10 people.
Where is Veriscape based?
Veriscape is headquartered in Los Alamos, United States, in the North America region.
How does Veriscape make money?
Three revenue lines are on record. Platform Software Licenses/Subscriptions are the primary driver. The others are intelleCat Catalog Management and procurement as a Service.
Who are Veriscape's main competitors?
Broad incumbents on record are Oracle Procurement Cloud, GEP and Workday Procurement. Direct peers are Basware, SAP Ariba, Ivalua, Coupa Software, Zycus, Procurify and Jaggaer.
Does Veriscape have an API?
No public API is recorded for Veriscape.
What industry is Veriscape in?
Veriscape's product category is Procurement Software. Its primary akta.pro industry code is BPAAAJAI, Catalog & eProcurement Enablement (Punchout, Item Master), with a secondary code of BPAAAJAJ, Spend Analytics & Reporting Support. Its NAICS code is 541511 and its SIC code is 7372.