Procurify’s cloud-based solution makes it simple and easy for their customers to access the platform on desktop or mobile, creates visibility into spending allocation and helps manage the whole process. In its current form, the Procurify platform provides increased visibility and proactive oversight into organizational spend and enables employees to make smart spending decisions and helping to eliminate rogue spending. Soon they grew their product offering to also focus on spend management specifically within the SMB market leveraging cross-organizational spend data and machine learning. The Co-Founders developed their original product focused on purchase orders however, as they did so, they begun to realize the opportunity in front of them was much more significant. The three Co-Founders had all experienced this pain point within their careers and realized that although spend management is typically housed within the finance department, spending within a company is a universal activity.

After studying together at the British Columbia Institute of Technology and a stint in the consulting world, Co-Founders Aman Mann (CEO), Kenneth Loi (Chief Customer Officer) and Eugene Dong (CTO), recognized these operational issues were omnipresent and decided to take up the challenge. These are the challenges that the Procurify Co-Founders decided to tackle. Why is it so difficult to plan spend to manage and approve simple items? Why is a paperclip as difficult to procure as an ERP system? Why is the process manual and paper-based, held together by the paperclip you are trying to order? How many times have we found that we had overspent, after the fact? How many times has the new employee arrived and had to wait for her laptop, for days or weeks? Although spend touches every department of an organization, spend is largely managed centrally within a procurement team, frequently located internally within the finance department or as a separate group.īy deferring to another team to make procurement decisions, we as employees, absolve ourselves of the responsibility to own our spend. Every organization spends, but does every organization spend intelligently? For the majority of SMBs the answer is probably “no”, at least not yet.

Procurify office