The CXO Fortune Recognizes Concertiv in Top 10 Most Admired Companies of the Year 2022

Concertiv –Establishing a New Standard of Excellence in B2B Purchasing

Concertiv, the innovative procurement-as-a-service provider for elite professional services firms, is driving a new standard of excellence in B2B purchasing. Headquartered in NYC, Concertiv partners with several of the world’s most prestigious companies spanning investment banks, private equity firms, hedge funds, law firms, and consulting firms. Concertiv delivers demonstrable ROI in the form of hard-dollar savings, operating efficiencies, risk reductions, and improved access to best-in-class products & services for blue-chip firms. C-level executives trust Concertiv to deliver robust savings, efficiencies, and peace of mind through its market expertise, strategic thinking, and execution focus.

With hundreds of millions in total spend under management, Concertiv manages budgets comparable to those of bulge bracket firms and facilitates purchasing across a network of 1,000+ suppliers. Thanks to its unparalleled team of industry experts, unique pan-market position, expansive blue-chip network, and innovative software platform, Concertiv gives business leaders the tools necessary to optimize key operating decisions.

Products

Concertiv serves as a trusted partner to client executives and their key suppliers by focusing on four spend management categories: market data and research, technology, insurance & benefits, and corporate travel.

Corporate purchasing for these key categories is often impeded by market opacity, which forces executives to coordinate across multiple parties to piece together fragmented information. Concertiv’s work across elite institutions – such as Centerbridge, Vista Equity Partners, Perella Weinberg Partners, PJT Partners, and Clayton Dubilier & Rice –enabling frictionless procurement solutions that help senior executives make critical operating decisions.

Concertiv negotiates thousands of complex contracts annually, generating recurring client savings of over $20 million per year, including upfront discounts averaging 15-20% through group purchasing programs. Concertiv’s unique ability to aggregate high-end spend across categories allows it to drive deeper discounts with premier suppliers that value direct access to Concertiv’s network of high-value clients. In short, Concertiv’s aggregated buying power makes it the go-to purchasing vehicle for elite, professional services firms.

Management

The strength of Concertiv lies in its exceptional team, which strives for excellence and aims for the gold standard in client services. At Concertiv, going above and beyond for clients is the default. Concertiv promotes an “ownership mindset” for all employees that emphasizes seeking and providing mentorship, allowing the freedom to explore various roles, and enabling opportunities for leadership positions.

Priya Iyer, a high-growth, entrepreneurial CEO with over 25 years of success, leads Concertiv’s ambitious foray into the future. Priya has extensive experience and a proven track record for building high-growth, technology-driven services businesses, combined with a strategic and empathic leadership philosophy. She has founded and rapidly scaled multiple ventures to highly profitable global companies achieving 40x returns on capital. Her prior roles include Chairman & CEO of Vee24, Chairman and CEO of Anaqua, SVP Products & Services for Steelpoint (now HP), and Managing Partner, Financial Services at agency.com.

Iyer’s many awards and recognitions include New England Entrepreneur of the Year (2014), Top 100 Entrepreneur list by The Boston Globe (2015), Top Women Leaders in SaaS by TSR (The SaaS Report – 2018), and Top 3 Highly Accomplished Women CEOs in SaaS (2018). Iyer is an MIT Sloan Fellow and an entrepreneur-in-residence at Babson College.

People

Concertiv values diversity of experience across its employee base and management team. Concertiv teammates originate from leading global firms spanning tech, finance, consulting, and professional services. As Concertiv scales, these employees continue to adopt best practices from other great organizations.

Concertiv emphasizes a workplace that enables creativity, hard work, and collaboration. The firm maintains a thriving in-office environment that has proven durable during recent stretches of remote work. Concertiv understands that a team is stronger together and has managed to scale a culture that is both collaborative and inclusive. While the company’s work often requires rapid execution, Concertiv balances a “bias towards action” with an appreciation for strategic thinking and whiteboarding.

Concertiv is active in its community by encouraging philanthropy among employees and formally partnering with outstanding, local non-profits. Concertiv works closely with NJ LEEP, a college access program serving students and families in the greater Newark, NJ area. Concertiv also partners with NYC Cares, a volunteer network that supports community initiatives throughout the NYC Area. Concertiv is a proud sponsor of NYC Cares’ “Winter Wishes” program, providing gifts to children in need each December.

Future Outlook

Concertiv’s Procurement-as-a-Service (PaaS) solution offerings bring trust, efficiency, and confidence to each purchase. The firm aims to transform B2B purchasing by creating a frictionless process for corporate buyers, which in turn drives increased sales for suppliers and partners. Concertiv is continuously innovating toward a comprehensive technology platform that empowers our growing community of stakeholders and creates outstanding user experiences across our clients, suppliers, and partners. Concertiv is expanding across North America and is focused on soon growing its client base in Western European markets.

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