“There is this massive void within the mid-market for easy-to-use solutions that serve growing organizations when it comes to tracking company spending and purchasing,” said Information Venture Partners general partner and cofounder Robert Antoniades. Its current customers hail from 71 countries and manage over $7.1 billion in combined spending through Procurify, and include heavy hitters like Asana, Goodwill, Samumed, the University of Maryland, Goop, GardaWorld, Planet Fitness, BlackThorn Therapeutics, Premier Biotech, Icagen, and A3 by Airbus. Procurify is far from the only digital-first, cross-platform procurement suite on the block - German startup Scoutbee just last week raised $12 million for its company-to-supplier solution - but it’s clearly doing something right. And from the aforementioned app, managers can request, approve, or send actions, as well as capture receipts on the go by snapping and saving pictures of them. On desktop, they’re able to review user roles and design roles with permissions suited to particular departmental needs. Meanwhile, the spend-tracking graphing tool plots actual spending against committed spending, and the expenses management feature consolidates and controls purchases made with credit cards in part to facilitate team expense claim requests.įrom within Procurify’s cloud dashboard and mobile app, admins can limit the visibility of budgets and set approval thresholds on a per-project and per-person basis, and they can manage and pay vendors and track those vendors’ performance to see if items were received when and in the condition promised. Procurify’s purchasing workflows enable managers to address item requests and purchasing and receiving, and to match invoices to orders for payments as they come due. That’s the tip of the proverbial iceberg. It supports custom user, department, and location approval structures with notifications support and real-time budget forecasting, and its tracking and reporting tools provide visibility into purchase history by integrating with existing accounting suites like QuickBooks, Oracle’s NetSuite, and Amazon Business PunchOut.
Procurify’s cloud-based, AWS-hosted sofware-as-a-service (SaaS) offering, which was built with Django, enables corporate customers to manage organizational purchasing and procurement with features like digital purchase order submission, accounts payable automation, and more.
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