Fred Brown, CTO
Virtual Procurement
Business Card
276 Post Road West
Westport, CT 06880, USA
Phone: (203) 202 – 3362
Mobile: (860) 705 – 9194
Email: team@vprocurement.com
Services
Virtual Procurement’s family of companies leverage exclusive predictive analytics data and expert vendor processes to achieve on average 23% in savings with client purchases, as well as recovering money overspent in those areas. To date, our companies have achieved $825M+ in savings and spend recovery for our 500+ clients.
Business Brief
What does Virtual Procurement Services do?
Our family of companies save and recover money on purchases within:
- Technology
- OS&E
- FF&E
- We work in just about every market including gaming & hospitality, our second largest vertical.
How well does it work?
Our experts typically see an average of 23% additional savings over final vendor quotes. To date, we’ve achieved over $825,000,000 in savings and recovery for over 500+ customers while maintaining vendor relationships, timelines, and product selections.
How does Virtual Procurement Services achieve this?
Instead of ineffective bulk buying, dated pricing comparisons, or product swapping, we combine proven vendor management processes and experience with the world’s only pricing predictive analytics tool, VVI®, a platform that can determine best available pricing using AI-based algorithms.
What’s the typical process?
It’s simple. Send us your final quote for a purchase, we run it through VVI® to determine savings or recovery, and we share those results with you. If you choose to proceed, we negotiate on your behalf.
What does it cost?
All of our companies work in a gain-share model, so you only pay as savings or cost recovery are achieved. And if you choose not to proceed with the purchase or recovery effort, there is no charge. Vendor management training and technology advisory services are also included at no charge for active customers.
