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Top 50 Procurement Software Companies Under $1M Revenue (August 2026)

As of August 2026, Latka tracks 95 procurement software companies under $1M in annual revenue. They have combined revenues of $51.5M and employ 550 people. They have raised $70.6M and serve 59.1K 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
95
Revenue
$51.5M
Funding
$70.6M
Employees
550

Filters

Sorting: Highest -> Lowest

Filters

Top Procurement Software Companies Under $1M Revenue

Showing 10 of 95 companies ranked by annual revenue.

1Lavante logo
Lavante

San Jose, California, United States

Lavante is the leader in vendor portal software, supplier onboarding, supplier information management, supplier data, vendor master data management, profit recovery.

Revenue
$990K
Customers
40K
Year founded
2001
Funding
$25.3M
Team size
11
2Sumtracker logo
Sumtracker

Gurugram, Haryana, India

Sumtracker is a SaaS application for ecommerce merchants to manage inventory for their online stores. Sumtracker is integrated with platforms such as Shopify, eBay, Etsy, Amazon, Walmart, BigCommerce and WooCommerce. These platforms provide limited functions for sellers to manage their inventory. We provide a central dashboard where they can automate tasks and take better decisions to drive more sales. We have a global client base in countries like US, UK and Australia. We are on a mission to grow Sumtracker and take on global competitors in this space.

Revenue
$990K
Year founded
2022
Team size
9
3Mantis logo
Mantis

United States

Mantis agent can process large volumes of administrative documents in unstructured formats, helping you organize them by performing validations, calculations, and data extraction. It enables the execution of tasks such as reconciliation, collection, balancing, and procurement. Mantis saves over 60% in operational costs, eliminates 90% of human errors, and executes processes 20 times faster.

Revenue
$990K
Team size
9
4Core-suite logo
Core-suite

Zwolle, Overijssel, Netherlands

In all steps of the order-to-delivery process, your organization has different needs. These needs also differ between companies: perhaps you need a basic sales app or an extremely extensive web shop with a complex, tight logistical planning. Core-suite offers the solution: all software links in the chain under one roof.

Revenue
$990K
Year founded
2023
Team size
9
5Skwirrel logo
Skwirrel

Middelburg, Zeeland, Netherlands

Your inventory is always in motion, with large scale price changes, a changing assortment, or a new product category. Skwirrel makes working with product information easy. Structure your data in a PIM system that perfectly fits your organization, with everything in one central location, easily accessible, user-friendly, and always up-to-date. Create order. Choose Skwirrel.

Revenue
$990K
Year founded
2017
Team size
9
6Substly logo
Substly

Göteborg, Västra Götaland, Sweden

We're creating the future way of managing, benchmarking and improving the use of enterprise software.

Revenue
$990K
Year founded
2018
Team size
9
7BarCloud logo
BarCloud

San Jose, California, United States

Inventory System, Asset Tracking & All-In-One Solutions. Tracking Solutions Configurable for All Types of Organizations! Take control of your Inventory and Asset Tracking with our Barcode-Based Software. Whether you prefer a cloud-based or on-premise solution, we have you covered.

Revenue
$990K
Team size
9
8PorterLogic logo
PorterLogic

Atlanta, Georgia, United States

PorterLogic fixes what your ERP broke in your supply chain - from warehousing and inventory to procurement, orders, and more. Purpose built for supply chain operators, the platform plugs into your existing systems to facilitate all the functions required to bring in raw components, convert them to finished goods, and fulfill the customer order. We help distributors and manufacturers who do their own assembly, kitting, and order fulfillment streamline their operations by hyper-tailoring user interfaces, automating workflows, and connecting systems. As a standalone solution or a bolt-on, PorterLogic’s composable building blocks enable you to adapt quickly, build on what works, and remove what doesn't, without huge disruptions to your operation.

Revenue
$880K
Year founded
2020
Team size
8
9Polydyne (Supplyframe) logo
Polydyne (Supplyframe)

Austin, Texas, United States

Product costing and quoting processes software

Revenue
$880K
Year founded
1993
Team size
8
10Zenventory logo
Zenventory

Phoenix, Arizona, United States

You don't have to be a billion-dollar retailer to compete with one: Zenventory levels the playing field with a unified interface for inventory & order orchestration, whether you have one warehouse or a dozen, at a price point that is accessible companies at any growth stage.

Revenue
$880K
Year founded
2007
Team size
8

Frequently asked questions about Procurement Software Companies Under $1M Revenue

How many procurement software companies under $1M in annual revenue are there?

Latka tracks 95 procurement software companies under $1M in annual revenue. Together they generate $51.5M in annual revenue and employ 550 people.

Which procurement software company under $1M in annual revenue is the largest?

Lavante is the largest, with $990K in annual revenue, founded in 2001.

How much revenue does a typical procurement software company under $1M in annual revenue make?

The average procurement software company in this list makes $541.7K a year, across 95 companies with reported revenue. They serve 59.1K customers combined.

Who are the leading Procurement software vendors under $1M in annual revenue?

Ranked by annual revenue, the leaders are Lavante, Sumtracker, Mantis, Core-suite and Skwirrel.

How much funding have procurement software companies under $1M in annual revenue raised?

The 95 procurement software companies under $1M in annual revenue tracked here have raised $70.6M 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.