Company Research Report

Company Overview

Name: Procurify Technologies Inc.

Mission of the Company: To offer organizations unprecedented visibility and control over their business spend, utilizing a single procure-to-pay solution that captures unified spend data for significant time and cost savings.

Headquarters: No information is available.

Founded: No information is available.

Founders: No information is available.

Key People in the Company:

Aman Mann, Chief Executive Officer

Amy Wang, Chief Financial Officer

Eugene Dong, Chief Technology Officer

Chad Millen, SVP, Engineering

Cath Lieferink, VP, People

Brona O'Connor, VP, Marketing

David Sevitt, VP, Ecosystem & Partnerships

Yishi Pan, Senior Director, Product

Alissa Roberts, Director, FP&A

Emily Jette, Director, People

Evgenia Vereshchak, Director, Sales Operations

Faraz Lalani, Director, Sales

Julian Hannabuss, Director, Revenue Operations

Myra Ayre, Director, Finance

Neil Power, Director, Engineering

Quinn Newell, Director, Demand Generation

Raman Jhajj, Director, Data Engineering and Data Science

Number of Employees: 30,000+

Revenue of the Company: No information is available.

What the Company is Known for: Procurify is known for its procure-to-pay software that offers a comprehensive, affordable, and easy-to-use platform designed to manage business spend, offering complete visibility and control over the procurement cycle.

Products

Procurify offers a procure-to-pay platform composed of several integrated solutions:

Procure-to-Pay Platform

High-Level Description: A comprehensive suite of tools designed to streamline procurement and AP automation processes from start to finish.

Key Features:

Procurement:

Purchase Requests: Create and manage requests with real-time status updates.

Purchase Orders: Manage and track purchase orders for full visibility.

Expense Management: Track and report expenses with ease, simplifying management and reimbursement.

Approval Workflows: Customizable workflows to ensure compliance and spending control.

Vendor Management: Maintain a centralized vendor database for streamlined onboarding.

Accounts Payable:

Invoice Processing: Automate using OCR for bill creation and approvals.

Bill Management: Reconcile and sync approved bills to accounting systems.

Spending Card:

Physical & Virtual Cards: Empower teams with pre-approved funds for smarter purchases across physical and virtual platforms.

Mobile App:

Manage spends remotely via iOS and Android for complete procurement visibility.

Recent Developments

Recent Developments in the Company:

Procurify Raises $50M in Series C funding to usher in AI-enhanced intelligent spend management.

Launch of a new AP module leveraging AI for enhanced automation of accounts payable workflows.

New Products Launched: AI-powered automation tools within the AP module.

New Features Added to Existing Products: Multi-Factor Authentication (MFA) for enhanced security and compliance.

New Partnerships: Collaborated with Olive Technologies to enhance procurement processes.

Additional Information

Recognition and Awards: Recognized by G2 as a market leader in mid-market purchasing, procure-to-pay, and strategic sourcing.

Strategic Initiatives: A proactive focus on refining spend management as a competitive advantage, emphasizing the transition from reactive procurement practices to predictive and proactive management.

Customer Impact: Procurify's clients experience measurable impacts such as increased purchase order efficiency and significant time and cost savings.

This company report serves as a comprehensive guide to understanding Procurify Technologies Inc., its offerings, organizational structure, and recent strides in tech-driven spend management solutions.