Accrualify: Vendor Analysis (Part 1) — Background and Solution Overview

Most of the well-known solution providers in the P2P space got their start in one of two ways. They either began with improving on the e-procurement experience offered by ERP, pursuing an “Amazon-like” user experience for frontline buyers and then moving to invoicing and payments; or, they focused on the problems of invoice capture, validation and processing, expanding from AP automation to full invoice-to-pay support and later building or acquiring e-procurement functionality. Both approaches eventually allowed such providers to link the two “Ps” in P2P, bringing procurement and finance activities together under one technology roof.

Accrualify, the subject of this three-part Spend Matters PRO Vendor Introduction, has taken neither approach. Rather, the San Mateo, California-based provider started, in 2015, with tracking accruals and enabling simple B2B payments. It later built out functionality for AP automation and eventually PO management and requisitioning, giving it what we would call an almost complete P2P solution under the Spend Matters P2P SolutionMap methodology. Yet even without the catalog management and ordering functionality that would give it true e-procurement support, Accrualify has managed in four short years to build a commendable set of I2P capabilities, ones well-suited to the mid-market, as customers such as BitTorrent, Helix, FloQast, Lookout and Getaround can attest.

This Vendor Introduction series offers a candid take on Accrualify and its capabilities. The series will include an overview of Accrualify’s offering, a breakdown of what is comparatively good (and not so good) about the solution, a SWOT analysis, and a selection requirements checklist for companies that might consider the provider.