Airbase provides a spend management platform that integrates guided procurement, accounts payable automation, and expense management to enhance visibility and control over organizational spending. The software streamlines bill payments and reporting processes, reducing manual effort and ensuring compliance across financial operations.
Funding
$240.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
GSFounders
Product
Problem
Many organizations struggle with fragmented spending processes across procurement, accounts payable, and expense management, leading to uncontrolled spend, reduced visibility, and increased manual effort. Existing systems often lack integration, resulting in inefficient workflows and compliance challenges.
Solution
Airbase by Paylocity offers a unified spend management platform that integrates guided procurement, accounts payable (AP) automation, expense management, and corporate cards to provide organizations with enhanced visibility and control over their spending. The platform automates the full procure-to-pay cycle, streamlining bill payments, approvals, and reconciliation processes. AI-powered OCR and generative AI automate expense reporting, while configurable approval workflows ensure compliance and eliminate wasted spend. By consolidating spend management into a single platform, Airbase reduces manual effort, improves accuracy, and enables finance teams to focus on strategic initiatives.
Target Audience
Airbase by Paylocity is designed for finance teams in small, mid-sized, and enterprise companies seeking to streamline their spend management processes, improve visibility, and maintain compliance.
Features
- Guided procurement module to automate intake with a guided buying process and no-code routing
- AP automation to make AP a touchless experience with simple bill pay to complex purchase orders, amortizations, FX payments, and international multi-subsidiary support
- AI-based OCR and generative AI to create expense reports from receipt images
- Corporate cards with pre-approval workflows and automated purchase details flowing to ERP systems
- Automated reconciliation feature that highlights and explains reconciling items
- Integration with over 70 ERPs, including Sage Intacct and NetSuite, for seamless data synchronization
- Real-time sync with general ledger (GL)
- Automated amortization feature
- Vendor management with user-friendly vendor portal
- Automated vendor onboarding