How to Fundraise and Use Startup Capital for Growth

Additionally, Procurify is relied upon by numerous clients across the globe, overseeing an impressive total of over US$30 billion in corporate spending. This trust reflects our commitment to enhancing financial efficiency for businesses everywhere. If your office and field teams struggle with a lack of spend visibility, slow approvals, or payment delays, you need mobile procurement software to improve your workflows. ProcureDesk’s spend management software offers budgetary controls, allowing you to set spending limits and approval rules by department, threshold, or project.

Our customers love our procure-to-pay capabilities

And you’ve either gone below budget or over budget but there’s no opportunity to be proactive in that spending. So, their question, step function change in a company is a system of purchase orders. The introduction of purchase orders is one of the more significant internal controls that you can introduce. And in general, when we talk about systems, we consider internal controls. Internal controls are going to protect the company from reasonable and expected risks. So, you’re not going to implement public company spending controls in a Series A startup.

• Shouvik Roy, the CFO of Drop joined the company during the 2020 pandemic, having to adapt to a new team and environment while being completely remote.
• Procurify is an AI-powered procure-to-pay platform that unifies purchasing, expense, and accounts payable workflows into a single platform.
• The approval workflows are flexible and the centralized PO/receipt record reduces duplicate or unauthorized spend.
• This will make for additional flexibility to cut costs or increase production during crucial stages.
• Without a structured rollout, businesses risk slow adoption, inefficient workflows, and missed opportunities to streamline contract tracking.
• So when you don’t have a lot of startup capital, don’t be cheap because you’re going to end up paying twice.
• Investing in the right solution now means avoiding unnecessary risks and ensuring every contract works in your favor.

Emburse Expense Professional: Best for receipt management and expense policy compliance

So we started out in a fairly classic way with a convertible note way back when in 2016 because the company didn’t really have a market value. And instead of getting into a lot of back and forth between investors and us on whether the company is worth 3mil or 5mil or 4.1mil or whatever, we put together a convertible note. Procurify offers phone, live chat, email, FAQs, and knowledge base support. Compare Procurify with other similar options available accounting services for startups in eProcurement Software. Explore the key differences to see why it’s the top choice for businesses and individuals.

• Audit, consolidate, and save—powered by our internal buying team.
• The native integration with SAP S/4HANA really ties things together well; everything syncs smoothly across ERP and procurement workflows.
• When comparing ProcureDesk vs. Procurify, ProcureDesk offers more control as it blocks any requests that cross the spending limit.
• An affiliate or partner program helps consultancies and systems integrators deliver implementation services and integrations to mutual customers; contact Procurify’s partner team for program details.

We show the latest reviews

A contract management application does more than just organize agreements—it streamlines processes, reduces risk, and drives efficiency. By automating key tasks and ensuring compliance, businesses can save time, cut costs, and gain better control over their contractual obligations. Teampay and Procurify excel at streamlining orders with automated requisition workflows, instant approvals, and integrated spend tracking. SAP Ariba also supports order efficiency for businesses needing enterprise-level control. Recurring payments aren’t supported natively, which means I’ve had to manually re-trigger vendor transactions at times. But that’s a minor tradeoff considering how easy it is to schedule and control spend through other automated workflows, a sentiment shared across multiple G2 reviewer insights.

• Startups operating at a loss is seen as a necessary yet gruelling step to profitability, and we’re not here to refute that.
• Procurify redefines the intake-to-pay process for the mid-market with powerful AI workflows and complete spend visibility in one platform.
• It supports mobile request approvals so managers can approve orders on the go.
• This is a product of how they find they find their prospective customers.
• We were employees in that, but we joined really, really early on.
• Tune in as CFO and finance executive Suzanne Shifflet of Gym Launch talk about strategies for managing spending and finance teams in a distributed workforce.
• Eliminate inefficiencies across your intake-to-pay workflows with AI to stay ahead of spend, prevent bottlenecks, and keep budgets on track.

User friendly

Users have to manually adjust the categories, which isn’t a big deal, but it would have been better if AI had been a bit more accurate there. While the platform walks you through onboarding with helpful prompts, the initial setup can still feel like a lot. https://www.theclintoncourier.net/2025/12/19/main-advantages-of-accounting-services-for-startups/ It takes a bit of time to understand how different transaction types sync with your accounting system.