Procurify

Procurify

Cloud-based spend management & procurement platform

Overview

Procurify provides a cloud-based spend management platform that helps mid-sized to large organizations control purchasing, manage expenses, and gain real-time visibility into spending. The system includes budgeting, approval workflows, and expense tracking, and is delivered via a subscription SaaS model. Customers access the platform to submit purchase requests, route them through configurable approval processes, monitor budgets, and track expenses across departments, all in a single interface. Unlike generic procurement tools, Procurify emphasizes ease of use, real-time insights, and alignment of spending with business goals, supported by a focus on customer success and ongoing product improvements. The company’s goal is to make organizational spending transparent and controllable, enabling better financial decisions and value-aligned procurement.

About Procurify

Simplify's Rating
Why Procurify is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Enterprise Software

Fintech

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$108.4M

Headquarters

Vancouver, Canada

Founded

2013

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Simplify's Take

What believers are saying

  • Cogneesol partnership accelerates mid-market adoption from manual processes in weeks.
  • $20M CIBC funding in 2024 fuels AP automation and market expansion.
  • Jonathan Su's 2025 appointment drives AI innovations like Spend Insights.

What critics are saying

  • Coupa erodes healthcare clients with superior ERP integrations in 6-12 months.
  • Spendesk undercuts pricing by 20-30% poaching fintech clients in 12-18 months.
  • Leadership churn of four C-levels since 2024 causes 20% attrition in 3-6 months.

What makes Procurify unique

  • Procurify's AI-powered Intake-to-Pay platform targets mid-market with complete procure-to-pay system.
  • Seamless ERP integrations distinguish Procurify for mid-market ERP modernization needs.
  • G2 ranks Procurify #1 Mid-Market Purchasing Software managing over $100B spend.

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Funding

Total Funding

$108.3M

Meets

Industry Average

Funded Over

7 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Unlimited Paid Time Off

Health Insurance

Dental Insurance

Vision Insurance

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-2%

2 year growth

-1%
GlobeNewswire
Mar 19th, 2026
Procurify named "Spend Management Platform of the Year" in 2026 FinTech Breakthrough Awards program.

Procurify named "Spend Management Platform of the Year" in 2026 FinTech Breakthrough Awards program. Prestigious annual awards program celebrates a decade of recognizing the world's most innovative financial technology companies. LOS ANGELES, March 19, 2026 (GLOBE NEWSWIRE) - FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that Procurify, the leading AI-powered intake-to-pay solution for the mid-market, has been selected as winner of the "Spend Management Platform of the Year" award in the 10th annual FinTech Breakthrough Awards program. Marking its 10-year anniversary, the FinTech Breakthrough Awards program continues its mission of honoring the innovators that are redefining the future of financial services through breakthrough technology, customer impact and market leadership. Earning this award for the second year in a row, Procurify is revolutionizing the entire intake-to-pay cycle through its intuitive, modular end-to-end platform that's designed for quick deployment, scalability and mobile-first access. With AI-powered automation and visibility, and seamless integrations with ERPs, Procurify is built for speed, accuracy, and clarity. "Procurify is giving mid-market organizations exactly what they need to succeed in 2026 and beyond. Complex legacy enterprise-grade systems can't provide the automation and visibility that allow organizations to eliminate time sinks, reduce human errors, and keep budgets on track," said Steve Johansson, Managing Director, FinTech Breakthrough. "With powerful AI-powered workflows, Procurify is transforming the intake-to-pay process and consolidates purchasing, AP, expense management, and payments into one innovative platform." The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a wide range of categories, including Digital Banking, Personal Finance, Cryptocurrencies, Lending, Payments, Investments, RegTech, InsurTech and more. The 2026 program represents a milestone year, reflecting a decade of spotlighting the companies driving measurable innovation across the global financial technology ecosystem. "We're thrilled to be recognized by FinTech Breakthrough as Spend Management Platform of the Year," said Chad Gaydos, CEO of Procurify. "Procurify was built for the mid-market - organizations that need powerful financial control without legacy enterprise complexity. Today we're redefining intake-to-pay with agentic AI, bringing intelligence to every spend decision. This recognition reinforces our mission to pioneering the next era of agentic spend management in the mid-market." About FinTech Breakthrough Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring breakthrough innovation in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the standout achievements of FinTech companies and products in categories that include Payments, Personal Finance, Cryptocurrency, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com. Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose. About Procurify Procurify is the leading AI-powered procurement, accounts payable (AP), expense, and payment platform for mid-market organizations, managing over $100 billion USD in spend. Recognized by Spend Matters and ranked the number one Mid-Market Purchasing Software by G2, Procurify offers the most complete intake-to-pay system, empowering businesses to take complete control of spend, driving cost savings, operational efficiency, and smarter decision-making. The platform integrates seamlessly with ERP systems such as NetSuite, Sage Intacct, Microsoft Dynamics 365, and QuickBooks Online. Learn more at www.procurify.com.

Business Wire
Mar 19th, 2026
Procurify and Cogneesol partner to help mid-market finance teams take control of spend.

Procurify and Cogneesol partner to help mid-market finance teams take control of spend. Partnership combines AI-powered Intake-to-Pay solution with finance expertise to help organizations gain visibility, tighten control, and modernize procurement with confidence. VANCOUVER, British Columbia & NEW YORK-(BUSINESS WIRE)-Procurify, the leading AI-powered Intake-to-Pay platform for mid-market organizations, and Cogneesol, a global provider of finance, accounting, and business process outsourcing services, today announced a strategic partnership to help more finance teams modernize procurement faster and take greater control of company spend. For many mid-market organizations, procurement is still held back by manual workflows, disconnected systems, and limited visibility into spend. Together, Procurify and Cogneesol are addressing that challenge with a partnership that combines modern procurement technology with the support teams need to gain greater control, improve visibility, and streamline purchasing processes. "Mid-market finance teams have been forced to choose between outdated processes and overbuilt enterprise tools for too long,[[ˮ]] said Chad Gaydos, CEO of Procurify. "This partnership is about giving them a smarter path forward - one that combines AI-powered procurement technology with the support needed to drive change and see results faster.[[ˮ]] Through the partnership, Procurify[[ʼ]]s AI-powered Intake-to-Pay platform will reach more mid-market organizations, helping finance and procurement teams simplify purchasing, improve visibility, and strengthen spend control. As more organizations look to replace manual processes with modern, intuitive tools, the partnership creates a clearer path to procurement modernization without the complexity of enterprise-scale systems. "Technology alone doesn[[ʼ]]t transform procurement - how the process runs day-to-day is what ultimately determines success,[[ˮ]] said Taran Sidhu, CEO of Cogneesol. "Too many mid-market finance teams are still managing decentralized spend manually across spreadsheets and emails, which limits visibility and creates unnecessary risk. By pairing Procurify[[ʼ]]s AI-powered Intake-to-Pay platform with Cogneesol[[ʼ]]s operational expertise, we help organizations rapidly centralize procurement, improve cost control, and operationalize modern spend management in a matter of weeks.[[ˮ]] Built for the realities of the mid-market, this partnership gives finance teams a practical path to procurement modernization, helping them improve spend visibility, strengthen control, and move beyond manual processes without the burden of enterprise-scale systems. About Procurify Procurify is the leading AI-powered procurement, accounts payable (AP), expense, and payment platform for mid-market organizations, managing over $100B USD in spend. Recognized by Spend Matters and ranked the number one Mid-Market Purchasing Software by G2, Procurify offers the most complete Intake-to-Pay system, empowering businesses to take control of spend, driving cost savings, operational efficiency, and smarter decision-making. The platform integrates seamlessly with all leading ERP systems. Learn more at www.procurify.com. About Cogneesol Cogneesol is a global business solutions provider specializing in finance, accounting, insurance, legal, and data management services. The company helps organizations optimize operations, reduce costs, and improve business outcomes through a combination of domain expertise, technology, and process excellence. Learn more at www.cogneesol.com. Cogneesol. Release Versions

Supply Professional
Sep 2nd, 2025
Procurify appoints Jonathan Su as chief product and technology officer

Procurify appoints Jonathan Su as chief product and technology officer.

PYMNTS
May 14th, 2025
Procurify Adds New Insight Feature To Spend Management Platform

Procurify introduced an analytics feature for its middle-market-focused spend management platform. Spend Insights is designed to help finance and procurement teams make faster and better decisions by using a combination of centralized company spending data and artificial intelligence-powered analysis, according to a Wednesday (May 14) press release. “Spend Insights shows what’s possible when you bring AI and analytics together,” Chad Gaydos, who was named CEO of Procurify earlier this year, said in the release. “It extends our use of AI across the entire spend lifecycle — from extracting data from receipts, contracts and invoices, to surfacing up-to-date insights that drive smarter, faster decisions. This is the future of agile finance — and we’re building it today.”

Postmedia Network
May 14th, 2025
Procurify Launches AI-Powered Spend Insights to Supercharge Visibility and Drive Smarter Decisions

Procurify launches ai-powered Spend Insights to supercharge visibility and drive smarter decisions.

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