Top-Ranked 24 Spend Management Software Firms
Top-Ranked 24 Spend Management Software Firms
The spend management software industry is a growing arena where companies offer a myriad of digital solutions to streamline procurement, invoicing, and supply chain processes. Leveraging advanced technologies like AI, these enterprises provide intelligent automation and analytics to optimize businesses' expenditure. Notable players like Coupa Software and Zycus help organizations improve efficiency, enhance visibility into spending, and make informed decisions. While the industry continues to thrive, it's also evolving with the incorporation of advanced technologies facilitating seamless operations for businesses.
Top 24 Spend Management Software Companies
1. Coupa Software
- Website: coupa.com
- Headquarters: San Mateo, California, United States
- Founded: 2006
- Headcount: 1001-5000
- Latest funding type: Acquired
Coupa is a leading provider of business spend management solutions. They offer a comprehensive platform that helps organizations streamline their procurement, invoicing, expense management, supply chain design, and supplier management processes. With Coupa, companies can improve efficiency, gain better visibility into their spending, and make informed decisions to optimize their business performance.
2. Zycus
- Website: zycus.com
- Headquarters: Princeton, New Jersey, United States
- Founded: 1998
- Headcount: 1001-5000
Zycus is a company that offers source-to-pay solutions for procurement and supply chain management. Their suite of software includes eProcurement, eInvoicing, contract management, and supplier management tools. They also provide AI-powered automation and analytics to help streamline processes and drive efficiency.
3. Jaggaer
- Website: jaggaer.com
- Headquarters: Morrisville, North Carolina, United States
- Founded: 1995
- Headcount: 501-1000
- Latest funding type: Acquired
JAGGAER is the world's leading independent spend management company, offering solutions to boost efficiency, optimize cost, and gain control over invoicing. They provide Autonomous Commerce solutions and help businesses reduce error rates in contract execution while increasing compliance and decreasing risk.
4. Tradeshift
- Website: tradeshift.com
- Headquarters: San Francisco, California, United States
- Founded: 2009
- Headcount: 501-1000
- Latest funding type: Series Unknown
Tradeshift is a supply chain management company that offers a global networked platform for buyers and sellers. They provide solutions for spend management, AP automation, supplier collaboration, and analytics. Tradeshift helps companies build resilient and sustainable supply chains by improving transparency and efficiency.
5. Brex
- Website: brex.com
- Headquarters: San Francisco, California, United States
- Founded: 2017
- Headcount: 501-1000
- Latest funding type: Series D
Brex is a financial technology company that offers credit card services and spend management solutions to businesses. They provide integrated ERP and accounting tools, automate expense reporting, and offer corporate cards with custom limits and embedded policies. Brex's platform is built to make compliance and accountability easy, helping businesses close their books faster and keep everyone on budget in real time.
6. Proactis
- Website: proactis.com
- Headquarters: Wetherby, West Yorkshire, United Kingdom
- Founded: 1996
- Headcount: 201-500
- Latest funding type: Acquired
Proactis is a procurement and spend management solutions provider. They offer a marketplace platform, payment solutions, and streamline procurement processes for organizations. Their focus is on controlling costs, improving efficiency, and helping businesses make strategic choices.
7. Ivalua
- Website: ivalua.com
- Headquarters: Redwood City, California, United States
- Founded: 2000
- Headcount: 501-1000
- Latest funding type: Private Equity
Ivalua is a procurement software company that offers spend and supplier management solutions. It helps organizations improve cash management, supplier visibility, supply resiliency, and achieve rapid savings.
8. Medius
- Website: medius.com
- Headquarters: Linköping, Ostergotlands Lan, Sweden
- Founded: 2001
- Headcount: 501-1000
- Latest funding type: Private Equity
Medius is a company that provides AP management software with AI and automation. Their solutions eliminate manual processes and replace them with efficient invoice handling. Medius offers accounts payable automation, procurement sourcing, supplier onboarding, contract management, analytics, and integrations.
9. Certify
- Website: certify.com
- Headquarters: Portland, Maine, United States
- Founded: 2008
- Headcount: 201-500
- Latest funding type: Acquired
Certify.com offers cutting-edge, fully-integrated spend management software solutions. Their suite of software allows organizations to automate manual tasks, gain visibility and control over spending, and streamline accounts payable processes. They also provide personalized support to ensure maximum user adoption and ROI.
10. Spendesk
- Website: spendesk.com
- Headquarters: Paris, Île-De-France, France
- Founded: 2016
- Headcount: 201-500
- Latest funding type: Series C
Spendesk is a platform that enables faster purchasing by giving employees access to the funds they need in a safe and secure manner. It provides a streamlined spend request and approval process, automates admin tasks, and integrates with accounting platforms. Spendesk empowers finance teams and budget keepers with real-time reports and visibility on company spend.
11. Airbase
- Website: airbase.com
- Headquarters: San Francisco, California, United States
- Founded: 2017
- Headcount: 51-200
- Latest funding type: Debt Financing
Airbase is a spend management software company that provides solutions for larger companies. They offer a platform with features such as bill payments, corporate cards, and reimbursements. Their accounting automation and real-time reporting help businesses streamline their financial processes. With integrations to popular software like QuickBooks and NetSuite, Airbase aims to simplify expense management and improve financial visibility.
12. Happay
- Website: happay.com
- Headquarters: Bangalore, Karnataka, India
- Founded: 2012
- Headcount: 201-500
- Latest funding type: Acquired
Happay is an all-in-one platform for Spend Management that offers end-to-end business spend management solutions. It helps control travel & expense costs, automate policy compliance, fast-track expense reports, and provides real-time insights into travel spending. Happay ensures complete visibility, control, and security in managing reimbursements, petty cash, business expenses, payments, cards, and travel.
13. Soldo
- Website: soldo.com
- Headquarters: London, England, United Kingdom
- Founded: 2014
- Headcount: 201-500
- Latest funding type: Series C
Soldo.com is a company that specializes in helping businesses manage their spending. They provide tools and resources to help businesses effectively track, control, and analyze their expenses.
14. Rydoo
- Website: rydoo.com
- Headquarters: Mechelen, Antwerp, Belgium
- Founded: 2011
- Headcount: 51-200
- Latest funding type: Acquired
Rydoo is an expense management platform that automates approval flows for expenses based on policies. It helps streamline expense management flow, flag out-of-policy expenses, and offers a rule engine to set policies. Rydoo allows control over per diems, mileage expenses, and tax rates. It also integrates with existing tools to enhance productivity.
15. Empronc Solutions
- Website: empronc.com
- Headquarters: Mumbai, Maharashtra, India
- Founded: 2004
- Headcount: 201-500
Empronc is a company that provides software solutions for spend management, procurement, and budget management. They help businesses improve their financial controls, reduce costs, and streamline their processes.
16. Fraxion
- Website: fraxion.biz
- Headquarters: Seattle, Washington, United States
- Founded: 1997
- Headcount: 51-200
- Latest funding type: Undisclosed
Fraxion is a cloud-based procurement software company that offers purchase requisitioning, expense and approval management, and advanced spend analytics. Their solutions automate procurement processes, streamline the procure-to-pay cycle, and provide complete visibility, budget insight, and policy compliance.
17. Dice
- Website: dice.tech
- Headquarters: Pune, Maharashtra, India
- Founded: 2018
- Headcount: 51-200
- Latest funding type: Seed
Dice is a corporate spend management platform that helps businesses optimize their spending and streamline their financial processes. With powerful automation and real-time analytics, Dice enables companies to gain full visibility and control over their expenses, improve compliance, and drive cost savings.
18. PairSoft
- Website: pairsoft.com
- Headquarters: Miami, Florida, United States
- Founded: 1997
- Headcount: 51-200
PairSoft is a company that offers AP automation, procurement, and document management solutions. Its services help reduce costs and elevate teams above routine, transactional work.
19. Nexonia
- Website: nexonia.com
- Headquarters: Toronto, Ontario, Canada
- Founded: 2002
- Headcount: 51-200
- Latest funding type: Series Unknown
Nexonia is a company that offers fully integrated expense reporting, invoice management, time tracking, and travel solutions. Their products and services streamline the process of entering vendor invoices and managing approvals, and they provide solutions for expense, time, travel, and accounts payable management. Nexonia offers software integrations with ERPs like NetSuite, Sage Intacct, and Intuit QuickBooks to ensure secure and automatic data transfers. They cater to a customer-centric approach and serve organizations across industries and geographies.
20. Supplycart
- Website: adam-procure.com
- Founded: 2016
- Headcount: 11-50
ADAM is an e-procurement management system that provides a comprehensive view into expenses from a centralized procurement system. It enables better cashflow planning, monitoring of spend, risk mitigation, and seamless supply chain management. With features like catalog requisition, digital approval, vendor management, and goods receipt management, ADAM simplifies everyday procurement workflows and increases efficiency. It offers a self-service vendor portal for document sharing and access, as well as integrations with ERP and accounting solutions.
21. Penny Software
- Website: penny.co
- Headquarters: Riyadh, Abu Dhabi, Saudi Arabia
- Founded: 2020
- Headcount: 11-50
- Latest funding type: Seed
Penny is a cloud-based procurement software that helps organizations manage their full procurement cycle from request to payment. It offers features such as digitizing sourcing, comparing quotations, and tracking expenses. Penny aims to simplify procurement operations and consolidate spending needs into one intelligent system.
22. Accrualify India Private Limited
- Website: accrualify.com
- Headquarters: Nagpur, Maharastra, India
- Founded: 2018
- Headcount: 11-50
- Latest funding type: Acquired
Accrualify is a comprehensive spend management system that offers a cloud-based platform for domestic and international payments, purchase order management, invoice automation, expense reimbursements, and corporate cards.
23. ProcurementExpress.com - PO App
- Website: procurementexpress.com
- Headquarters: Dublin, Dublin1, Ireland
- Founded: 2014
- Headcount: 11-50
ProcurementExpress.com is a leading purchasing software provider that helps businesses streamline their procurement process. With a single cloud-based app, they bring together the entire purchasing process, from purchase requests and approvals to budget tracking and reporting. Their platform offers features such as customizable fields, multi-currency support, offline mode, and integrations with popular apps. They cater to various industries including education, government, hospitality, and non-profit organizations. ProcurementExpress.com aims to simplify purchasing operations and improve control over spend for finance teams.
24. Quolum
- Website: quolum.com
- Headquarters: Dublin, California, United States
- Founded: 2019
- Headcount: 11-50
- Latest funding type: Seed
Quolum is a company that offers SaaS procurement solutions. They provide a comprehensive guide on how to manage procurement and offer best practices to optimize the process.
Want to find more spend management software companies?
If you want to find more companies that offer solutions for streamlining procurement, invoicing, and supply chain processes you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.
With Inven you'll also get to know the company's:
- Ownership: Which of these are private equity backed? Which are family-owned?
- Contact data: Who are the owners and CEO's? What are their emails and phone numbers?
- Financials: How do these companies perform financially? What are their revenues and profit margins?
...and a lot more!
