About Mazepay

Mazepay offers a platform that automates vendor management and purchase order workflows for finance and procurement professionals, addressing inefficiencies in managing numerous low-value suppliers. By streamlining long-tail procurement processes, Mazepay reduces operational costs and enhances productivity.

```xml <problem> Managing a large number of low-value suppliers through traditional procurement processes is inefficient and costly for finance and procurement teams. These processes often lack transparency, leading to difficulties in tracking spend and ensuring compliance. </problem> <solution> Mazepay offers a spend management platform that automates and streamlines the entire long-tail procurement process, from purchase request to reconciliation. The platform provides features such as custom workflows, virtual cards, and automated receipt collection to simplify online payments, subscription management, and invoice management. By bringing long-tail spend online, Mazepay enables organizations to gain complete control and transparency over their spending, reduce risks, and improve operational efficiency. The platform integrates with existing ERP, finance, and BI tools, delivering data where it's needed and enabling smarter, faster decisions. </solution> <features> - Customisable workflows with a visual builder to design purchasing policies and approval hierarchies - Virtual cards for secure and transparent payments, issued only after purchase approval - Automated receipt collection and reconciliation to simplify bookkeeping - Supplier onboarding to reduce onboarding time and ensure compliance - Data, reporting, and integration to access spend details and integrate with existing systems - Multi-subsidiary support to streamline operations across borders - Mobile app for uploading receipts and managing purchases on the go - Real-time spend visibility and complete audit trail for enhanced control and transparency </features> <target_audience> Mazepay is designed for finance and procurement professionals in software and enterprise companies who need to manage long-tail spend, reduce risks, and improve efficiency. </target_audience> ```

What does Mazepay do?

When was Mazepay founded?

Mazepay was founded in 2018.

How much funding has Mazepay raised?

Mazepay has raised 8490000.

Founded

2018

Funding

8490000

Employees

29 employees

Major Investors

Vendep Capital

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Mazepay

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Executive Summary

mazepay.com 3K+

Crunchbase

Founded 2018

Funding

Estimated Funding

$5M+

Major Investors

Vendep Capital

Team (25+)

No team information available.

Company Description

Problem

Managing a large number of low-value suppliers through traditional procurement processes is inefficient and costly for finance and procurement teams. These processes often lack transparency, leading to difficulties in tracking spend and ensuring compliance.

Solution

Mazepay offers a spend management platform that automates and streamlines the entire long-tail procurement process, from purchase request to reconciliation. The platform provides features such as custom workflows, virtual cards, and automated receipt collection to simplify online payments, subscription management, and invoice management. By bringing long-tail spend online, Mazepay enables organizations to gain complete control and transparency over their spending, reduce risks, and improve operational efficiency. The platform integrates with existing ERP, finance, and BI tools, delivering data where it's needed and enabling smarter, faster decisions.

Features

Customisable workflows with a visual builder to design purchasing policies and approval hierarchies

Virtual cards for secure and transparent payments, issued only after purchase approval

Automated receipt collection and reconciliation to simplify bookkeeping

Supplier onboarding to reduce onboarding time and ensure compliance

Data, reporting, and integration to access spend details and integrate with existing systems

Multi-subsidiary support to streamline operations across borders

Mobile app for uploading receipts and managing purchases on the go

Real-time spend visibility and complete audit trail for enhanced control and transparency

Target Audience

Mazepay is designed for finance and procurement professionals in software and enterprise companies who need to manage long-tail spend, reduce risks, and improve efficiency.