Harman Patil (Editor)

Procurify

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Type
  
Private

Website
  
www.procurify.com

Industry
  
Enterprise Software

Founded
  
2013

Procurify httpsuploadwikimediaorgwikipediacommonsthu

Headquarters
  
Richmond, British Columbia

Founders
  
Kenneth Loi, Eugene Dong, Aman Mann

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Procurify is a cloud-based procurement software company located in Richmond, British Columbia, Canada. Procurify's main product offering is a cloud-based procurement solution which can be used to manage company spending. Companies that offer procurement solutions will typically focus on automation and of company spending in real-time. The current Procurify platform is considered horizontal, rather than industry specific.

Contents

Procurify is headquartered in Richmond, British Columbia and was founded in 2013 by CEO Aman Mann, CTO Eugene Dong, and COO Kenneth Loi.

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Technology

Procurify's cloud based procurement software solution is used by companies to manage organizational purchasing and procurement. Like most e-procurement solutions available, Procurify focuses on providing users features including digital purchase order submission and accounts payable automation. Procurify is hosted on the Amazon Web Services and is built using Django. The solution is available as a SaaS. Procurify is offered as a browser-based and mobile procurement software.

Company history

The company founders are BCIT School of Business alumni who graduated together in Operations Management in 2011.

The idea for Procurify came from a BCIT class project where the founders Aman Mann - CEO, Eugene Dong - CTO, and Kenneth Loi - COO were randomly placed together to consult a Vancouver-based business on their internal processes.

In November 2012, they joined the Growlab Accelerator program. In February 2013, Procurify graduated from Vancouver-based incubator program GrowLab. In April 2014, Procurify raised a total of 1.2 Million seed round from venture capitalists Nexus Ventures, BDC and Mark Cuban. In July 2015, Procurify raised another seed round totaling $4 Million from Point Nine Capital, Nexus Venture Partners and the Business Development Bank of Canada (BDC). Hootsuite’s CEO Ryan Holmes and its chief revenue officer Steve Johnson also participated in this round.

References

Procurify Wikipedia