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Top 50 Spend Management Software Companies With $1M–$5M Revenue (August 2026)

As of August 2026, Latka tracks 53 spend management software companies with $1M–$5M in annual revenue. They have combined revenues of $128.7M and employ 4.6K people. They have raised $321M and serve 4.7K customers combined.

Every company below sells spend management 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 Spend Management Software Companies do

Spend management software is designed to help organizations effectively track, manage, and optimize their spending. By providing a centralized platform, this software enables businesses to manage both direct and indirect expenditures, ensuring transparency and efficiency across financial operations. Common use cases include procurement management, expense tracking, invoicing, and analytics, which collectively contribute to improved financial decision-making and cost savings. Typical features of spend management software include expense approval workflows, budgeting tools, procurement integrations, real-time reporting, and analytics dashboards. These solutions are utilized by various roles in organizations, such as finance teams, procurement professionals, and operations managers, who seek to enhance visibility and control over spending patterns. The software plays a critical role in helping organizations align their spending with strategic objectives and streamline processes related to financial management.

Companies
53
Revenue
$128.7M
Funding
$321M
Employees
4.6K

Filters

Sorting: Highest -> Lowest

Filters

Top Spend Management Software Companies With $1M–$5M Revenue

Showing 10 of 53 companies ranked by annual revenue.

1Zahara logo
Zahara

Bath, England, United Kingdom

We help your teams see and control what they spend, we do this by creating intuitive and easy to use software. Systems that are easy to use are fast to deploy, Zahara is no different, bringing positive impact quickly. Manage your workload in less time, with more accuracy and with greater compliance. OCR invoice scanning, modern UI design and advanced approval tools all help to support a level of automation that suits your specific spending cultures. With complete visibility of spend and expected costs, you can spend less time on mundane tasks and focus on more value add activities.

Revenue
$5M
Year founded
2018
Team size
45
2Boya logo
Boya

Nairobi, Kenya

Corporate Expense cards and Spend management for businesses in Africa

Revenue
$4.8M
Year founded
2021
Team size
32
3Ternary logo
Ternary

San Mateo, California, United States

Solving the cloud budget challenge by building tools at the intersection of Finance and Engineering.

Revenue
$4.3M
Year founded
2020
Team size
39
4virtualstock.com logo
virtualstock.com

United States

Virtualstock enables organisations to thrive using our innovative supply chain and procurement solutions. Comprising three platforms—Virtualstock, Framespan, and Edge4Health—our market-leading technology solutions are employed by renowned retailers and the UK's public sector alike. We take pride in our boutique approach, our ability to design and implement bespoke solutions, and our commitment to continuously improving our platforms to better serve our clients. Trusted by: John Lewis, Robert Dyas, Toolstation, Bradfords Building Merchants, the Crown Commercial Service, NHS England and more.

Revenue
$4.2M
Year founded
2004
Team size
38
5SupplierGateway logo
SupplierGateway

Santa Ana, California, United States

SupplierGateway has been a leader in supply chain management software for over 20 years. Our software solutions make it easier for suppliers and vendors to do business. Our software and tools are instant-on, and can be deployed individually or in any combination. Our supply chain management software easily integrates with existing AP/ERP infrastructure. Our specialties include: • Supplier Registration and Enablement • P2P Sourcing & Procurement • Supplier and Supply Chain Management • Financial Risk Monitoring • Supplier Compliance Management • Corporate Social Responsibility • Supplier Diversity Management • Vendor Credentialing

Revenue
$4.1M
Team size
37
6Flex Finance logo
Flex Finance

United States

We help free business owners and finance teams in Africa from the stress of spend management. We make this aspect of business delightfully simple and save businesses lots of money and time, helping them grow and succeed. With Flex, you enjoy digital requisitions, bulk payment transfers, smart budgeting, and expense tracking possible and seamless for businesses in Africa, and every day we keep innovating with new and exciting services. So join thousands of businesses and Finance Teams already using Flex finance today.

Revenue
$3.9M
Year founded
2019
Team size
35
7Verticalfox logo
Verticalfox

Huntington, New York, United States

Benefits Procurement and Management Platforms for the Digital Age

Revenue
$3.8M
Year founded
2015
Team size
18
8Precoro logo
Precoro

Brooklyn, New York, United States

Developer of a purchasing software designed to streamline purchasing process and increase spend visibility. The company's software automates purchase orders, stores supplier information and manages contract and conditions in one place, facilitates inventory and receipt management and allocates cost, enabling small and medium businesses to grow faster by organizing and controlling the most crucial part of a business spending.

Revenue
$3.5M
Customers
100
Year founded
2015
Team size
89
9Creactives logo
Creactives

Verona, Veneto, Italy

Provider of a semantic software designed to help in keeping data organized and easily accessible. The company's software manages purchasing and spending processes by analyzing non-structured data available in any language, enabling organizations to reduce cost and improve efficiency while proving transparency to business data.

Revenue
$3.5M
Year founded
2000
Funding
$1.2M
Team size
65
10Eyvo Procurement Software logo
Eyvo Procurement Software

Mill Valley, California, United States

Eyvo eProcurement Solutions are one of the World's leading experts on Cloud based eProcurement tools that support corporate purchasing departments enabling ordering of goods and services, track spend, monitor corporate budgets, ensure accountability, and allow audit-ability and compliance with Sarbanes Oxley. Eyvo have offices in San Francisco, London and Mumbai - we directly support all our clients worldwide 24/7 Mission : To provide the most compelling set of cloud based integrated purchasing tools for corporate requestors and purchasing departments and to cut down maverick buying within your organization. Products : eBuyerAssist a cloud based eProcurement tool that encompasses a suite of different modules that involve OnLine Requisitions, Purchase Order Generation, Purchase Order Approval through multiple layers of management, goods receiving, invoice payables, asset management, inventory control, vendor portals with vendor punch-out.

Revenue
$3.4M
Year founded
2012
Team size
27

Frequently asked questions about Spend Management Software Companies With $1M–$5M Revenue

How many spend management software companies with $1M–$5M in annual revenue are there?

Latka tracks 53 spend management software companies with $1M–$5M in annual revenue. Together they generate $128.7M in annual revenue and employ 4.6K people.

Which spend management software company with $1M–$5M in annual revenue is the largest?

Zahara is the largest, with $5M in annual revenue, founded in 2018.

How much revenue does a typical spend management software company with $1M–$5M in annual revenue make?

The average spend management software company in this list makes $2.4M a year, across 53 companies with reported revenue. They serve 4.7K customers combined.

Who are the leading Spend Management software vendors with $1M–$5M in annual revenue?

Ranked by annual revenue, the leaders are Zahara, Boya, Ternary, virtualstock.com and SupplierGateway.

How much funding have spend management software companies with $1M–$5M in annual revenue raised?

The 53 spend management software companies with $1M–$5M in annual revenue tracked here have raised $321M in disclosed funding between them.

Related ERP Software categories

Inclusion Criteria

- Must provide tools for tracking and optimizing both direct and indirect spending - Should include features for expense reporting and budgeting - Must facilitate procurement management and invoice processing - Should support integrations with accounting or ERP systems - Not just an expense tracking tool; must also enable budget management and analytics - Must provide real-time reporting for informed decision-making - Should enhance visibility across all financial transactions