Accrualify Secures $3.2M in Series A Funding

accrualifyAccrualify, Inc., a San Mateo, CA-based procure-to-pay spend management software company, raised $3.2m in Series A funding.

The round was led by Aligned Partners with participation from previous investors.

The company intends to use the funds to accelerate growth, expand its technology infrastructure, and produce innovative product enhancements—including further investing in machine learning and artificial intelligence.

Founded in 2015 by Benjamin Portusach, CEO, Accrualify provides a suite of products that address the high cost to process a single supplier invoice, communication gaps between accounts payable and vendor or non-finance employees, excess manual data input, and a lack of a comprehensive, single source of truth for company spend.
In 2018, over 10,000 users utilized the company’s platform to automate purchase order approvals, accrual estimate bookings, invoice processing, or the vendor on-boarding process.
The company’s products are all available individually or as a suite, and all integrate with users’ ERP systems and bank accounts.

Accrualify is headquartered in San Mateo, California with Indian operations.

FinSMEs

11/09/2018

 

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