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Top 15 Procure to Pay Software Companies With $1M–$5M Revenue (September 2026)

As of September 2026, Latka tracks 15 procure to pay software companies with $1M–$5M in annual revenue. They have combined revenues of $32.8M and employ 305 people. They have raised $6.6M and serve 7K customers combined.

Every company below sells procure to pay software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.

What Procure to Pay Software Companies do

Procure to Pay (P2P) Software facilitates and streamlines the entire procurement process from requisition through to payment. It allows organizations to automate and manage purchasing activities efficiently, ensuring compliance, reducing errors, and improving expenditure visibility. The primary use cases of P2P software include managing purchase requisitions, purchase orders, invoice processing, and payment approvals, all within a cohesive workflow. Typical features of P2P software include supplier management, budget control, invoice matching, and reporting capabilities. This software is primarily used by finance departments, procurement teams, and operations personnel who require seamless integration between purchasing and finance to manage expenses effectively. Automation of these functions not only saves time but also enhances accountability and financial control across the organization.

Companies
15
Revenue
$32.8M
Funding
$6.6M
Employees
305

Filters

Sorting: Highest -> Lowest

Filters

Top Procure to Pay Software Companies With $1M–$5M Revenue

Showing 10 of 15 companies ranked by annual revenue.

1M2North logo
M2North

Johannesburg, Gauteng, South Africa

Established in 2000, M2North are cross-platform, cross-industry, procure-to-pay and order-to-cash electronic solutions specialists to over 30 000 companies. Our customer base includes the likes of Siyanda Bakgatla Platinum Mine, Sierra Rutile Limited, Impala Platinum, Cashbuild, The Building Company, Leroy Merlin(Adeo Group), Massmart(Walmart), Castrol, Engen, Premier FMCG, Nissan, Kansai Plascon, Dulux(Akzo Nobel), GSK, Samsung Electronics and many more. M2North delivers high-quality, cost-effective, innovative solutions, using advanced information technologies to address the growing market needs of the changing world. All solutions are hosted on world class infrastructure and supported by a highly skilled team. M2North have created a set of tools and services that cover the various phases of the procure-to-pay cycle. From sourcing and tenders to remittance advice, we provide tools to buyers and sellers that make businesses operate more effectively. We connect businesses of all sizes and capabilities, interfacing with most ERP systems. M2North’s supplier portal platform is fully customisable, enabling customers to participate in the design of the ideal portal for their business, catering for business-specific workflow and business rules, along with special routing requirements and notifications where needed. Modular design enables customers to roll out in a phased approach that best suits their business. Modules include; vendor onboarding, master data maintenance, commercial transaction distribution and integration, reporting and analytics. M2North’s managed service is composed of experienced developers, project and rollout/support teams, and recently onboarded over 500 suppliers in under 3 months for a South African retailer with over 300 stores, placing more than 100 000 orders, per month.

Revenue
$3.7M
Year founded
2001
Team size
34
2Alii - Accounts Payable & P2P Automation logo
Alii - Accounts Payable & P2P Automation

Brisbane, Queensland, Australia

Experience the power of streamlined accounts payable and procurement functions with Alii™. Our cutting-edge technology offers unrivalled fraud detection capabilities, customised workflows, and secure approvals, ensuring a dynamic and secure platform for your staff to work with. With Alii, you can say goodbye to the hassle of paper-based processes, manual tasks, and the risk of fraud. Alii automates the delegation of authority for purchases and payments, simplifying complex workflows to save you time and improve visibility. Alii's advanced invoice scanning technology provides an extra layer of protection against fraudulent invoices. What's more, Alii's comprehensive dashboards and analytics offer complete governance and visibility of data through the entire procure-to-pay process. Alii is designed to seamlessly integrate with all major school management platforms and financial packages, making the transition to our software effortless and straightforward. Join the growing number of organisations that are reaping the benefits of Alii and streamline your accounts payable and procurement functions today.

Revenue
$3.2M
Year founded
2018
Team size
29
3Concord Materials logo
Concord Materials

New York, New York, United States

Automating procurement and finance for construction companies

Revenue
$3M
Year founded
2020
Team size
7
4Easy Access logo
Easy Access

Granger, Indiana, United States

Easy Access is an industry leader in Accounts Payable automation. We offer an on-premise or hosted solution to meet your needs. Our managed service offering fuels company growth and sustainability through operational efficiencies and lower cost structures. Easy Access was founded in 2005 by Milind Agtey, a former partner and head of Tax for Crowe LLP

Revenue
$3M
Year founded
2010
Team size
27
5Penny Software logo
Penny Software

Saudi Arabia

Procure to Pay & Spend Management Software. procurement software and B2B marketplace

Revenue
$2.8M
Customers
1
Year founded
2020
Funding
$6.4M
Team size
25
6Envi (IOS) logo
Envi (IOS)

Irving, Texas, United States

Envi is a complete procure-to-pay software. Our technology uncovers savings through a customized formulary built from your GPO and local contracts. Depending on your needs, we have procurement experts and analysts ready to help automate your inventory management and purchasing operations, but it doesn’t stop there. Our advanced analytics decode your supply, financial and operational data to make new discoveries that cut costs. With Envi you will gain unprecedented control, automation and visibility into the full range of your supply chain. One Size Doesn't Fit All Connect and integrate your entire network of healthcare facilities. With Envi’s comprehensive and configurable capabilities, you can select from a range of modules, ensuring you get exactly what you need. Clinical System Integrations Envi is a powerful companion to most clinical information system including HST, SIS, Vision, Athena, EPIC, AdvantX, Amkai and GE Centricity. We support all the industry leading formats including HL7 and our own Envi public APIs. Financial System Integrations Envi has been successfully interfaced with many popular financial systems including QuickBooks, Sage, MS Dynamics, Lawson, Oracle, CPSI, and many more. This gives you the ability to complete the entire cycle of invoice approval with just a few clicks of your mouse. EDI Integrations EDI makes purchasing easy. Envi integrates directly into more vendor websites than any other purchasing software, so your purchasing happens directly within the application. The days of shopping multiple websites, picking up the phone and calling an order in or even faxing orders are over.

Revenue
$2.4M
Year founded
2003
Team size
22
7Supplycart logo
Supplycart

Petaling Jaya, Selangor, Malaysia

Procure to Pay Made Easy. Supplycart simplifies the way companies purchase through a cloud-based procurement solution, ADAM. We develop procurement technology to lead companies towards digitalisation and making their workflow, procure-to-pay processes more efficient.

Revenue
$2.2M
Year founded
2016
Team size
20
8Tranch logo
Tranch

London, England, United Kingdom

Tranch is the invoice to payments platform for enterprises.

Revenue
$2.1M
Year founded
2021
Team size
14
9Toolbox logo
Toolbox

New York, New York, United States

Financial operating system for construction & service contractors

Revenue
$2.1M
Year founded
2019
Team size
14
10Yordex logo
Yordex

Waterloo, England, United Kingdom

Developer of a smart purchase order platform intended to offer low-cost processing of invoices between customers and suppliers. The company's platform connects to bank accounts and existing accounting systems to manage all data exchange and avoid costs and lengthy implementation of a traditional accounting or ERP system upgrade, enabling clients to streamline interactions between contracting parties.

Revenue
$1.9M
Year founded
2017
Team size
17

Frequently asked questions about Procure to Pay Software Companies With $1M–$5M Revenue

How many procure to pay software companies with $1M–$5M in annual revenue are there?

Latka tracks 15 procure to pay software companies with $1M–$5M in annual revenue. Together they generate $32.8M in annual revenue and employ 305 people.

Which procure to pay software company with $1M–$5M in annual revenue is the largest?

M2North is the largest, with $3.7M in annual revenue, founded in 2001.

How much revenue does a typical procure to pay software company with $1M–$5M in annual revenue make?

The average procure to pay software company in this list makes $2.2M a year, across 15 companies with reported revenue. They serve 7K customers combined.

Who are the leading Procure to Pay software vendors with $1M–$5M in annual revenue?

Ranked by annual revenue, the leaders are M2North, Alii - Accounts Payable & P2P Automation, Concord Materials, Easy Access and Penny Software.

How much funding have procure to pay software companies with $1M–$5M in annual revenue raised?

The 15 procure to pay software companies with $1M–$5M in annual revenue tracked here have raised $6.6M in disclosed funding between them.

Related ERP Software categories

Inclusion Criteria

- Must automate the procurement process from requisition to payment - Should include features for invoice management and approval workflows - Must support expenditure tracking and budget management - Should provide supplier management capabilities - Must integrate seamlessly with accounting and financial systems - Not just focused on purchase order management; must also include payment processing features