Planergy Spend Management

Planergy Spend Management is a global Spend Management platform headquartered in Boston and Dublin, with additional offices in the UK, Serbia, and Poland. Having facilitated processing in excess of $12 billion in Business Spend for over 1000 businesses worldwide, Planergy aims to empower mid-market businesses across all industries to confidently manage their Business Spend. With its intuitive user interface, Planergy enables businesses to onboard in weeks instead of months. The platform automates Procure-to-Pay and AP Automation processes, offering real-time reporting dashboards, approval automation, budget management, and Purchase Order matching. This results in significant savings by digitizing processes, eliminating maverick purchasing and off-contract purchasing, and improving compliance and accountability. Utilizing OCR, Machine Learning, and A.I., Planergy's AP Automation can remove up to 80% of the processing time required to match purchase orders to deliveries and vendor invoices. By streamlining operations, the platform ultimately aims to deliver tangible cost savings for its clients. Planergy is positioned as a promising solution for businesses seeking to enhance Spend Management efficiency and transparency. With its strong value proposition, the company presents an attractive investment opportunity for Venture capital firms looking to support innovative solutions in financial technology and business process automation.