Procurify
1 Review 5/5 ★ ★ ★ ★ ★A cloud-based procurement and spend management software with automated approvals, real-time budget tracking, and AP automation.
Product Overview
Procurify is a cloud-based purchasing software focused on making procurement processes simple and efficient. It offers features like automated approval flows, real-time budget tracking, and a mobile app. Its key strengths lie in its ability to streamline order processes, assist in financial tracking, and manage catalogs effectively. It also includes AP automation capabilities.
Procurify integrates with various systems, including QuickBooks and NetSuite.
Pros
- Integrates with accounting systems
- Cloud-based platform provides remote and mobile access
- Tracks orders and automates reordering
- Provides real-time visibility into spending, budgeting, and other data
Cons
- Some users have reported slow or lagging performance
- Requires training to fully understand and use
Target Market
Mid-sized to large companies across industries like technology, healthcare, and nonprofits looking for a procurement solution with budget tracking and approval routing features. Also suitable for fast-growing but currently small organizations.Key Features
Procurement
- Approval Routing: Design your own approval structure based on dollar thresholds, departments, locations, and more.
- Purchase Orders: Automatic PO generation, manage recurring spend and access an audit trail for transactions.
- Web and Mobile: Enable an easy way to track items, keeping all your documents safe and easy to access across devices.
- Three-Way Matching: Match invoices, packing slips, and purchase orders in one step.
- Contract Management: Access a contract repository with notifications and a full audit log.
- User Role Controls: Control access rights across different teams, departments, and locations.
- Expense Tracking: Easily submit expense forms by dragging and dropping receipts and invoices into expense reports.
- Cost Allocation: Easily split and allocate costs to match your financial structure.
Accounts Payable
In late October 2024, Procurify overhauled its accounts payable module, adding new processes and functionalities. These include:
- AI Automated Invoicing: The AI enhances the OCR technology to convert received invoices into draft bills automatically. The AP team can review and pay later.
- Automated 3-Way Matching: It builds on the existing process to make it more efficient. It also validates purchases by matching them across purchase orders, invoices, and receipts.
- Deposit Billing: Capture deposit amounts during PO creation to ensure the deposit amount matches the PO. It also saves time, eliminating the manual checking process.
- Updated Role Permissions: Add view-only access for certain roles so they can view bills without editing. Give others the ability to edit only approved bills, giving companies more granular control.
Integrations
- QuickBooks
- NetSuite
- Sage Intacct
- Platform API
- Microsoft Dynamics 365 Business Central
- PunchOuts
Procurify Pricing
Procurify starts around $1,000 per month for small businesses. Midsize companies can expect to pay around $2,000 per month. Enterprise plans require a custom quote.
Product Overview
Developer Overview
Related Products
User Reviews of Procurify
Write a Review
Great experience right from the start
Great experience right from the start. Customer service guided through the setup, which was much easier than we thought. For the price point, this purchasing software has everything we need.
Pros
What stood out the most was the user experience of the app. It is much more user friendly than the other options we've looked at.
Cons
The mobile applications are still in development and only offer a glimpse of the full capability of the web app. Would like to see more mobile use.
