Order.co

In Their Own Words: Order.co

Order.co is a procurement and accounts payable automation software that helps businesses cut costs and complexity with every order.

Hundreds of companies, like WeWork and Hugo Boss, leverage Order.co to centralize, purchase-to-pay workflows, scale operations efficiently, gain total control over spending, and save an average of 5% on products.

Founded in 2016 and headquartered in New York City, Order.co has raised $50M in funding from industry-leading investors like MIT, Stage 2 Capital, Rally Ventures, 645 Ventures, and more. Order.co has been proudly named as a 50 to Watch by Spend Matters and a Best Place to Work by Built In. To learn more, please visit our website.

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Purchasing:
Easily place and manage all orders in a centralized location.

– Curate a custom catalog: Purchase everything your business needs through Order.co, instead of ordering through each individual vendor. From online marketplaces to big-box stores to industry-specific vendors, they’re all in your custom Order.co catalog.

– Discover savings: Save money on your purchases by tapping into Order.co’s $4 billion in buying power. And, Order.co strategically sources products to discover savings on the same products you’re purchasing today.

– Automate your purchasing: Speed up your purchasing process and remove manual errors by automatically generating purchase orders from approved purchase requests. And, easily buy your frequently-purchased products based on premade shopping lists and orders.

– Track your orders: Stay up-to-date on your orders across all vendors by tracking their statuses — from approval to fulfillment to delivery — in one location.

Payments:
Order.co makes paying your vendors easy, quick, and convenient

– Pay one bill per month: Significantly reduce your time on accounts payable and pay all of your vendors for every purchase placed via your custom catalog on one monthly bill.

– Access net payment terms: Make the best purchasing decisions, free of cash flow constraints. Leveraging extended net terms through Order.co like Weekly Net 45 or Monthly Net 30.

– Achieve a 3-way match: Ensure the accuracy of every payment. Confirm that products were ordered, received, and invoiced, so you can easily complete a 3-way match without spending hours on invoice reconciliation.

– Automate your invoice coding: Eliminate manual data entry errors and speed up invoice processing times with automated invoice coding. Every Order.co invoice contains perfectly coded, granular spend data.

– Share spend data seamlessly: Close books faster and save countless hours getting accurate data into your accounting system. Keep your books up-to-date on all of your Order.co transactions via API integrations or data exports.

Controls + Visibility:
Approval workflows fit for your organization:
– Generate approvals by account code, user, vendor, location, cost center, and order subtotal
– Improve purchasing turnaround time with automatic order placement upon approval
– Edit purchase requests at the line item level to avoid back-and-forth communication and delays
– Centralize your approvals so that requests don’t get lost in your inbox or messages

Track and limit spending with customizable budgets
– Leverage budgets for users, locations, or cost centers and set them to the cadence that works best for your team
– View changes in your budget as purchases are made, so your team never overspends
– Allocate portions of a budget to specific types of products to control exactly how money is spent

Detailed reporting for better spend decisions
– Generate granular reports with spend broken down by user, vendor, location, and more
– View your spend and budgets in real-time to identify areas for cost savings
– Create more accurate forecasts with instant access to historical spend data and trend projections

Order.co One-Pager

See Order.co In Action