Latka logo

Top 50 Procurement Software Companies (August 2026)

As of August 2026, Latka tracks 320 procurement software companies. They have combined revenues of $2.6B and employ 28K people. They have raised $3.2B and serve 36.8M customers combined.

Every company below sells procurement 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 Procurement Software Companies do

Procurement software is a category of digital tools designed to facilitate the management and automation of purchasing processes within organizations. These software solutions help streamline workflows, enhancing efficiency and transparency in procurement activities. Common functionalities include supplier management, requisition and purchase order (PO) creation, contract management, and spend analytics, which collectively support effective vendor selection and cost control. These platforms are used across various sectors, involving roles in finance, operations, and supply chain management. By integrating procurement activities, such software allows organizations to manage budgets effectively, ensure compliance with purchasing policies, and track expenditures more clearly. Ultimately, procurement software serves to minimize manual errors, expedite approval processes, and provide valuable insights into purchasing patterns.

Companies
320
Revenue
$2.6B
Funding
$3.2B
Employees
28K

Filters

Sorting: Highest -> Lowest

Filters

Top Procurement Software Companies by revenue

Showing 10 of 320 companies ranked by annual revenue.

1HashMicro logo
HashMicro

Singapore, Singapore

HashMicro is a leading Singapore-based enterprise software provider offering cloud-based ERP solutions for large enterprises and scaling SMEs. Initially designed for complex operations, it has grown into a modular platform trusted across industries and company sizes. With operations in 25+ countries and a strong presence in Southeast Asia, HashMicro delivers a full suite of ERP applications—including Finance, Inventory, Manufacturing, Procurement, CRM, and HRM—tailored to local compliance needs. It integrates advanced AI capabilities like automation, business intelligence, machine learning, and predictive analytics to boost insight and efficiency. A standout feature is Hashy, the AI assistant that allows users to manage ERP tasks directly through messaging platforms for faster, more intuitive control. Implementation timelines are flexible, with subscription or one-time licensing models. Serving sectors from Manufacturing and Retail to Education and Healthcare, HashMicro offers scalable, enterprise-ready solutions aligned with operational and regional needs.

Revenue
$267M
Customers
2.5K
Year founded
2015
Team size
525
Growth
25.94%
2Zip logo
Zip

San Francisco, California, United States

Zip is the world's leading intake-to-procure solution: one place for employees to initiate a purchase or vendor requests.

Revenue
$193M
Year founded
2020
Funding
$358M
Team size
1K
3Tradeshift logo
Tradeshift

San Francisco, California, United States

Tradeshift is a cloud-based business network and platform for supply chain management, procurement, and invoicing. It was founded in 2009 and is headquartered in San Francisco, California. The platform connects buyers, suppliers, and financial institutions in one place to digitize and streamline business processes. Tradeshift's goal is to make global trade easier for all companies by simplifying supply chain management and automating manual tasks. They offer a range of solutions including e-invoicing, procurement, supplier management, and payment services.

Revenue
$161.5M
Customers
150
Year founded
2009
Funding
$861M
Team size
363
4Ivalua logo
Ivalua

Paris, France

cloud-based spend management solutions

Revenue
$153M
Customers
3K
Year founded
2000
Funding
$133.6M
Team size
1.1K
5FreeD Group logo
FreeD Group

Hong Kong, Hong Kong

FreeD Group, operating its core product at joinharmonycvm.com, is a travel and lifestyle SaaS marketplace founded in 2016 and headquartered with operations across Greater China, Korea, the Middle East, and Europe. The company connects sellers including product owners, distributors, and content providers with large enterprise buyers such as telecommunications companies, governments, and airlines, earning revenue through a combination of SaaS subscription fees, one-time implementation fees, and GMV-based commissions. The company reported $35 million in total revenue for 2022, comprising $15 million in recurring SaaS and transaction fees and $20 million in one-time implementation and project fees. GMV processed through the platform reached approximately $80 million to $100 million in 2022, with $20 million processed in the fourth quarter alone. The company is fully bootstrapped with no outside capital raised. In late 2022 and early 2023, FreeD Group acquired two companies, including the largest travel management company in the Greater China market, which processed HK$2 billion (approximately $300 million USD) in GMV at its 2019 peak and served over 1,000 enterprise customers. Abel Zhao, CEO and co-founder, told Latka the company is targeting $100 million in revenue for 2023 and is aiming for an IPO in 2024 at a minimum valuation of $250 million.

Revenue
$100M
Customers
80
Year founded
2016
Team size
250
6Clara logo
Clara

Sao Paulo, Sao Paulo, Brazil

End-to-end spend management for companies in Latin America.

Revenue
$60M
Year founded
2020
Funding
$363.5M
Team size
582
Growth
33.67%
7Wangdiantong logo
Wangdiantong

China

Wangdiantong is an E-commerce ERP management system.

Revenue
$59.3M
Customers
1.2M
Year founded
2011
Funding
$453M
Team size
1K
8Certa logo
Certa

Saratoga, California, United States

Certa is an operational management platform that provides a fully integrated suite of products for third-party lifecycle management.

Revenue
$57.8M
Year founded
2013
Funding
$15.1M
Team size
198
9Procurify logo
Procurify

Vancouver, British Columbia, Canada

Procurify is a cloud-based procurement and spend management platform that helps businesses streamline their purchasing process, track their spending, and gain visibility into their company's finances. The platform offers features such as purchase order creation and approval workflows, invoice management, and real-time spending insights. Procurify aims to empower businesses to make informed purchasing decisions and optimize their procurement processes to save time and money.

Revenue
$55M
Year founded
2013
Funding
$83M
Team size
180
10Team Procure logo
Team Procure

Boise, Idaho, United States

Team Procure is a cloud-based procurement platform that simplifies the management of all your purchasing processes and inventory through a unified application. Manage purchase requests, purchase orders, suppliers, and inventory across multiple warehouses – all in a single platform. We cater to both SMB and Enterprise customers across a broad spectrum of industries, from manufacturing and construction to healthcare and more.

Revenue
$50M
Customers
15
Year founded
2016
Team size
31

Frequently asked questions about Procurement Software Companies

How many procurement software companies are there?

Latka tracks 320 procurement software companies with reported revenue. Together they generate $2.6B in annual revenue and employ 28K people.

Which procurement software company is the largest?

HashMicro is the largest, with $267M in annual revenue, founded in 2015.

How much revenue does a typical procurement software company make?

The average procurement software company in this list makes $8.1M a year, across 320 companies with reported revenue. They serve 36.8M customers combined.

Who are the leading Procurement software vendors?

Ranked by annual revenue, the leaders are HashMicro, Zip, Tradeshift, Ivalua and FreeD Group.

How much funding have procurement software companies raised?

The 320 procurement software companies tracked here have raised $3.2B in disclosed funding between them.

Related ERP Software categories

Inclusion Criteria

- Must support the entire procurement lifecycle, including requisitioning, order management, and invoicing. - Must provide features for supplier management, including onboarding and performance tracking. - Must include budgeting tools for tracking spending and enforcing financial controls. - Must enable automation of approval workflows to reduce manual processing. - Not just focused on invoicing; must also facilitate vendor selection and contract management. - Must offer analytics features for real-time spend visibility and reporting.