Payables & Procurement Software
The Procurement space is buzzing with activity given the emergence of new players and the continued modernization of incumbents. Procurement software is a suite of tools specifically designed to automate and streamline the process of acquiring goods and services from external suppliers. Its focus is on the sourcing and purchasing stages of the procure-to-pay (P2P) cycle
Focuses on automating and streamlining the entire procure-to-pay lifecycle, from the initial purchase request to the generation of a purchase order (PO) and eventually, payment.
Key module within Airbase's comprehensive spend management platform, focusing on automating and optimizing the entire procure-to-pay (P2P) process. It aims to provide businesses with real-time visibility, control, and efficiency over their purchasing activities, from initial request to payment.
Cloud based - core component of Coupa's Business Spend Management (BSM) platform, designed to help organizations of all sizes manage and optimize their entire purchasing process. sition to payment.
Global company that provides a cloud-based business network and platform designed to facilitate digital trade, supply chain payments, and various procurement and financial solutions.
Offers procurement capabilities, specifically focusing on Purchase Order (PO) management and aspects of the procure-to-pay (P2P) cycle. These capabilities are designed to integrate seamlessly with its core invoice and payment automation offerings, providing a more holistic approach to managing spend from commitment to payment.
Not a full suite procurement tool but MineralTree does offer significant capabilities related to Purchase Order (PO) management and reconciliation, which are crucial components of the procure-to-pay (P2P) cycle. Seamlessly integrates with existing ERP or accounting systems where POs are created, and then automating the downstream matching and payment processes
Procurement software provides the tools and insights necessary to transform procurement from a cost center into a strategic lever for financial performance.
A comprehensive and unified platform that covers the entire source-to-pay (S2P) process. Used by large enterprises and public sector organizations worldwide. Aims to empower businesses to effectively manage all categories of spend and all suppliers, ultimately increasing profitability, lowering risk, and improving productivity.
Cloud-based spend management solutions, focusing on helping organizations, particularly mid-sized to large enterprises, achieve greater efficiency, cost savings, and financial control across their entire procure-to-pay (P2P) process.
Procurement platform dedicated to digitizing and automating operational procurement workflows, particularly for organizations heavily invested in SAP ERP systems. It focuses on streamlining the initial part of the procure-to-pay (P2P) process, from demand determination and requisitioning to purchase order (PO) creation and the initial processing of related documents like order confirmations and delivery notes.
Leading European B2B e-procurement platform that provides a digital marketplace and solutions for effortless sourcing and purchasing, particularly for indirect spend (e.g., tail spend, MRO) in both B2B and public sector organizations.
Zip's cloud-based platform that acts as a centralized system for initiating, tracking, and managing all types of internal purchase and vendor requests
Established Accounts Payable (AP) automation vendor, has expanded capabilities to include a dedicated procurement module. Makes Stampli as a more comprehensive Procure-to-Pay (P2P) platform, aiming to connect every step of the purchasing process from initial request to reconciliation
A robust procurement platform will provide the CFO's office unparalleled visibility, automation, risk mitigation, and data for financial planning, it directly contributes to cost savings, improved cash flow, enhanced compliance, and ultimately, greater profitability and financial resilience for the organization.
AI-powered solution that specifically focuses on tech-forward SaaS companies streamline and optimize their procurement and management of software (SaaS) and other indirect spend.
Cloud-based spend management and procure-to-pay (P2P) platform designed primarily for mid-sized companies. It aims to unify purchasing and Accounts Payable (AP) automation in a single platform, giving organizations comprehensive visibility and control over their spending from the initial request to the final payment
Primarily an Accounts Payable (AP) automation and financial intelligence platform, driven by its advanced, proprietary AI. Vic.ai offers capabilities that extend into the Procure-to-Pay (P2P) cycle, particularly with Purchase Order (PO) matching and integrated payments
SourceDay is a specialized Direct Procurement Risk Management (DPRM) platform primarily focused on helping manufacturers and distributors automate and de-risk the Purchase Order (PO) lifecycle management process.
Invoice processing and payment platform that supports aspects of procurement through its robust document routing and approval workflows, particularly within the Purchase-to-Pay (P2P) cycle.
OpenEnvoy automates the entire invoice lifecycle from capture to payment (and remittance to reconciliation for AR) without requiring traditional supplier portals, templates, or extensive IT involvement. Its core function is to ensure that every invoice is accurate and compliant before payment is made.
A leading provider of supplier diversity and ESG (Environmental, Social, and Governance) data and management solutions. It specializes in helping organizations build, scale, track, and measure the impact of their responsible sourcing programs.
AI-driven autonomous sourcing platform specifically designed to transform how large enterprises procure complex services and indirect spend. Its core mission is to use artificial intelligence to make the sourcing process for services faster, fairer, more efficient, and more transparent, ultimately leading to significant cost savings and better outcomes.
Formerly known as Plate IQ, is an AI-powered Accounts Payable (AP) automation platform designed to streamline and simplify the entire invoice-to-payment lifecycle for businesses. It focuses on eliminating manual data entry, automating approval workflows, and optimizing payments, with a strong emphasis on integration with existing ERP and accounting systems.
Melio is a B2B (business-to-business) payments platform that specializes in simplifying and automating Accounts Payable (AP) and Accounts Receivable (AR) tasks, primarily for small and medium businesses (SMBs). Its core offering revolves around providing flexible payment options, streamlining workflows, and improving cash flow management.
AI platform that focuses on connecting workflows, data, people, and devices to enhance productivity and collaboration across an organization's procurement processes and supplier relationships.
Comprehensive cloud-based spend management solution that covers the entire source-to-pay (S2P) process for large enterprises and medium-sized businesses.