Order.co is a B2B marketplace that automates the procurement process by consolidating purchasing, payment, and vendor management into a single platform. This solution enhances spend visibility and control, reduces unapproved expenditures, and streamlines invoice management, ultimately saving businesses time and money.
Funding
$30M 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.
ACFounders
Product
Problem
Many businesses face challenges in managing procurement processes, including fragmented purchasing, lack of spend visibility, and inefficient invoice management. These inefficiencies lead to increased unapproved expenditures, time-consuming manual tasks, and difficulties in controlling budgets across various departments and vendors.
Solution
Order.co offers a B2B procurement platform designed to streamline and automate the entire purchasing lifecycle, from requisition to payment. The platform consolidates purchasing, payment processing, and vendor management into a unified system, providing enhanced spend visibility and control. By automating key workflows such as purchase order generation, invoice management, and approval processes, Order.co reduces manual effort and minimizes errors. The system also offers features for strategic sourcing, enabling businesses to identify cost-effective products and optimize their spending. Furthermore, Order.co provides financial offerings like capital advances and net terms to improve cash flow management.
Target Audience
Order.co primarily targets small to large businesses across various industries, including coworking spaces, healthcare facilities, hospitality, property management, retail, and technology companies, seeking to streamline procurement, automate accounts payable, and gain better control over spending.
Features
- Centralized purchasing platform for managing orders across multiple vendors
- Automated purchase order (PO) generation and tracking
- Vendor management and consolidation tools
- Strategic sourcing capabilities to identify cost savings
- Automated invoice management with 3-way matching
- Accounting automation with integrations to QBO, Netsuite, and Sage Intacct
- Customizable approval workflows and budget controls
- Real-time spend reporting and analytics
- Financial offerings including capital advance, net terms, and virtual cards