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Terzo

FOUNDED : 2020

LOCATION : US & Canada, US

TEAM SIZE : 11-50

SOLUTION MATURITY : Scaleup

FUNDING ROUND : Seed

TOTAL FUNDING RAISED ($m) : $3.2

Core functionality
Contracts: Lifecycle Management (CLM)
Additional functionality
Contracts
Supplier Relationship Management (SRM)
Description

Terzo is a vendor relationship platform focusing on contract lifecycle management (CLM).

It aims to address the challenges of complex vendor ecosystems by offering a CRM-like platform built for buyers, instead of sellers.

Positioning itself as “the world’s first VRM platform that transforms vendors into partners”, Terzo promises to break down silos, connect stakeholders and unite teams both externally and internally.

Vendor 360, Terzo’s intelligent vendor management platform, provides a holistic view of your supplier ecosystem. Smart contract features bring AI- powered auto-extraction to your contract analytics. Meanwhile, spend insights allow you to quickly compare actual vs. committed spend, so teams can consolidate the portfolio and eliminate redundant vendors.

Additionally, custom no-code workflows allow you to prioritise purchases for demand management – digitally transforming the way your teams collaborate, with end-to-end visibility.

Terzo aims to empower enterprises in unlocking hidden strategic opportunities, providing insights that allow them to drive innovation, improve governance, increase collaboration and optimise performance.

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