Virtual Procurement Services
Information ServicesConnecticut, United States2-10 Employees
Virtual Procurement Services is an information services company based in Westport, Connecticut. It operates as part of the Virtual Procurement family of companies, combining a pricing predictive analytics tool with established vendor-management processes and extensive purchasing experience to help clients reduce spend and recover money. The approach aims to secure approximately 23% in additional savings on the final vendor quote while preserving or improving vendor relationships. It can also facilitate spend recovery if a purchase has exceeded budget. The firm serves a broad client base, reporting savings and recoveries for more than 500 customers and totaling $825,000,000. With a small team, it positions its method as an alternative to bulk-buying power and generic pricing comparisons, relying on a structured procurement workflow rather than broad market leverage.