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March 24, 2014

Procurify – Simplified Procurement and Spend Management

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The most efficient procurement process is one that is streamlined and paperless. Even more importantly, employees should know what to expect from the ordering process, whether they’re calling up goods or services. Procurify is a web-based procurement and spend management platform that small, mid-size, and even large organizations can use to bring their paper procurement processes up to date.

Streamline the way you manage requests, approvals, and purchase orders by bringing the entire process online. Once you begin to use Procurify, your employees will start filing requests using a visual catalog. This process allows them to submit requests for the goods they need even when a manager isn’t available to offer his or her immediate approval. Instead, approvals can be made from outside the office (typically using a mobile device), even after the item has arrived. Sign up to receive alerts on your smartphone when a purchase request has been received or when an approval has been given. Uploading the associated receipts directly to Procurify decreases the chances of important documentation getting lost and makes it easy to quickly match expense lines.

Using Procurify’s straightforward reporting tools, managers can carefully track spending patterns by employee and get real-time notifications when certain triggers are set. They can also compare spending and performance by department. Procurify is aiming to change the way organizations manage their spending by eliminating the hidden costs that most managers fail to take into account.

Practical Uses:

  • Encourage employees to file expenses immediately when they’re working offsite
  • Get smartphone alerts when you receive new purchase requests
  • Eliminate all paper from your company’s procurement process
  • Monitor how much money each department at your company is spending

Insider Tips:

  • Procurify can be set up to integrate with virtually any other software
  • Transfer existing procurement data to Procurify using the platform’s setup wizard
  • Procurify can be fully implemented in seven days

What we liked:

  • Procurify has streamlined the purchase-to-pay cycle
  • Real-time analytics tools give managers a clear view of their current costs
  • Users can access their Procurify accounts from any web-enabled device
  • Procurify can help companies reduce expenses by curbing rogue spending

What we didn’t like:

  • Procurify may be too expensive for some smaller organizations to afford

Alternatives:

Company Info:

  • Privately Held
  • Headquarters: Vancouver, British Columbia
  • Founded by: Aman Mann, Eugene Dong, and Kenneth Loi
  • Web site: http://www.procurify.com

Costs:

  • $23 per user, per month

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