1
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
Top 25 Spend Management Software Companies Under $1M Revenue (August 2026)
As of August 2026, Latka tracks 25 spend management software companies under $1M in annual revenue. They have combined revenues of $14.9M and employ 164 people. They have raised $28M and serve 6K 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
- 25
- Revenue
- $14.9M
- Funding
- $28M
- Employees
- 164
Filters
Sorting: Highest -> Lowest
Top Spend Management Software Companies Under $1M Revenue
Showing 10 of 25 companies ranked by annual revenue.
2
Reduza-Custo
Florianópolis, Santa Catarina, Brazil
Software de lean cost management. Não se limite a controlar custos... reduza custos! Rastreie desperdícios e simule melhorias em processos.
- Revenue
- $987.2K
- Customers
- 1K
- Year founded
- 2017
- Funding
- $411K
- Team size
- 8
- Revenue
- $880K
- Year founded
- 1993
- Team size
- 8
4
Paytron
Sydney CBD, New South Wales, Australia
Paytron was founded to transform spend management, with sophisticated workflows seamlessly integrated with payments, cards and currencies. Through the use of workflows, Paytron simplifies the way accountants and businesses manage transactions like accounts payable, international transfers, and payroll. Features include automated invoice capture, batch payments, and corporate cards with built-in expense management, all through a single platform.
- Revenue
- $880K
- Year founded
- 2020
- Team size
- 8
5
roPay
Yaba, Lagos, Nigeria
roPay is an HR/Payroll and Spend management software for African businesses of all sizes and stages roPay eliminates the tedious, time-consuming process of running payroll, letting you pay your staff all at once in less than 5 minutes, so you have your hours back to do more important stuff.
- Revenue
- $880K
- Year founded
- 2021
- Team size
- 8
6
Paqtana
United States
Paqtana is a supply chain planning SaaS that is working on democratizing access to planning solutions. Our unique supply chain approach allows our customers to quickly set up robust supply chain planning operating models where they can consistently increase service levels whilst reducing waste, excessive stock, and stock-outs. To learn more, contact us at [email protected]
- Revenue
- $880K
- Year founded
- 2021
- Team size
- 8
7
Innovation Centric Group (ICG Team)
Calgary, Alberta, Canada
Saves enterprises time and money by digitalizing all data, automating all processes and sub processes, integrating disparate data sources of the Procure to Pay Process, eradicating costly duplications of invoices, late payments, and identifying opportunities for cost savings. Provides integrated, out of the box, SaaS solutions that leverage current/legacy system data while providing the benefits of native, web-based functionality, meaning lower IT overheads and predictable costs. Provides cost effective, near shore services for Pay to Procure administrative functions for any sized enterprise across any sector freeing up valuable resources for more critical projects or functions. Visit our webpage for more information: www.icgteam.com
- Revenue
- $880K
- Year founded
- 2011
- Team size
- 8
8
Contraqer
Arlington, Virginia, United States
Provider of an online procurement management platform. The company offers a Web-based procurement management system that enables the companies to automate the entire procurement process from RFQ generation to packing list, support contract and returns management.
- Revenue
- $848.9K
- Year founded
- 2012
- Team size
- 7
- Revenue
- $770K
- Year founded
- 2025
- Team size
- 7
10
Cinema Solutions, Inc.
San Antonio, Texas, United States
Cinema Solutions, Inc. is a software company providing a hosted, managed, and multi-tenant e-Procurement solution for the cinema industry. The Cinema Solutions system is powered by e-Procurement Software-as-a-Service from ReactorNet Technologies, a wholely owned subsidiary of Cinema Solutions.
- Revenue
- $770K
- Team size
- 7
Frequently asked questions about Spend Management Software Companies Under $1M Revenue
How many spend management software companies under $1M in annual revenue are there?
Latka tracks 25 spend management software companies under $1M in annual revenue. Together they generate $14.9M in annual revenue and employ 164 people.
Which spend management software company under $1M in annual revenue is the largest?
Substly is the largest, with $990K in annual revenue, founded in 2018.
How much revenue does a typical spend management software company under $1M in annual revenue make?
The average spend management software company in this list makes $594.9K a year, across 25 companies with reported revenue. They serve 6K customers combined.
Who are the leading Spend Management software vendors under $1M in annual revenue?
Ranked by annual revenue, the leaders are Substly, Reduza-Custo, Polydyne (Supplyframe), Paytron and roPay.
How much funding have spend management software companies under $1M in annual revenue raised?
The 25 spend management software companies under $1M in annual revenue tracked here have raised $28M 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