Account Executive
Productiv$60,000 - $80,000/year
- Full Time
- Mid-level (3 to 4 years), Junior (1 to 2 years)
About Productiv
Productiv offers a spend management platform designed for businesses to effectively manage their spending on various tools and services. The platform consolidates data, workflows, and team collaboration into a single source of truth, allowing businesses to make informed decisions about their expenditures. It operates on a subscription-based software-as-a-service (SaaS) model and utilizes artificial intelligence to enhance collaboration and provide insights. Key features include procurement capabilities that streamline the purchasing process while ensuring governance, visibility into asset usage, and automation of actions to achieve desired outcomes. Productiv also assists in managing renewals with smart recommendations and negotiation insights. The platform has demonstrated significant value, with clients reporting a return on investment of 3-4 times, highlighting the importance of data transparency and accessibility in spend management.
Palo Alto, CaliforniaHeadquarters
2018Year Founded
$71MTotal Funding
SERIES_CCompany Stage
Consulting, Enterprise Software, AI & Machine LearningIndustries
51-200Employees
Benefits
Medical, dental and vision insurance, 100% paid for you and your family
401K plan
Free lunches, snacks, and beverages in office
Parental leave
Risks
Emerging SaaS platforms with similar features at lower costs threaten Productiv's market share.
Rapid AI advancements may render Productiv's current capabilities outdated, requiring continuous R&D.
Economic uncertainty and IT budget cuts could reduce demand for SaaS management solutions.
Differentiation
Productiv is the only platform offering SaaS Intelligence for comprehensive SaaS management.
It provides real-time employee engagement data down to the feature-level for proactive governance.
Productiv's AI-powered assistant, Sidekick, offers domain-specific insights through natural language queries.
Upsides
Increased demand for SaaS management as companies manage an average of 371 SaaS apps.
Strategic collaborations with cloud financial solutions enhance value unlocking from SaaS portfolios.
Availability in AWS Marketplace facilitates cost optimization and SaaS portfolio management at scale.
Funding
Total raised$71.01 M
Latest valuation$225.00 M
StageSERIES_C
SERIES C
2/28/2021$45
$225.00 MSERIES B
9/30/2019$20
$100.00 MSERIES A
3/31/2019$8
$40.00 M