Procurify

Cloud-based spend management platform for organizations

Vancouver, British Columbia, Canada

About Procurify

Procurify provides a cloud-based spend management platform designed to help organizations manage their purchasing processes and control expenses. The platform offers tools for budgeting, approval workflows, and expense tracking, allowing businesses to gain real-time visibility into their financial operations. It primarily serves mid-sized to large enterprises across various industries, including technology, education, healthcare, and non-profits. Unlike many competitors, Procurify emphasizes a user-friendly interface and comprehensive support, making it easier for clients to adopt and utilize the software effectively. The company's goal is to help organizations align their spending with their core values and business objectives, ensuring they can make informed financial decisions.

Vancouver, CanadaHeadquarters
2013Year Founded
$85.9MTotal Funding
DEBTCompany Stage
Enterprise Software, FintechIndustries
51-200Employees

Benefits

Flexible Work Hours
Unlimited Paid Time Off
Health Insurance
Dental Insurance
Vision Insurance
Stock Options

Risks

Leadership transition to Chad Gaydos may lead to strategic shifts.
Integrating AI solutions could face implementation delays or customer dissatisfaction.
Increased fintech competition may impact Procurify's market share.

Differentiation

Procurify offers a user-friendly interface for mid-sized to large enterprises.
The platform provides real-time visibility into financial operations.
Procurify's SaaS model allows flexible subscription options for various business needs.

Upsides

Procurify secured $20M for AP product development and market expansion.
Growing demand for AI-driven accounts payable solutions benefits Procurify.
Embedded analytics trend enhances decision-making, aligning with Procurify's offerings.