Planergy
Automate Procure-to-Pay, control spend, and gain real-time financial visibility.
Executive Summary
Planergy is a cloud-based spend management platform that automates the entire Procure-to-Pay (P2P) and Accounts Payable (AP) processes. It is designed for mid-market companies across various industries, enabling them to reduce manual tasks, optimize spending, and enhance financial oversight. The platform offers real-time visibility, budget control, and streamlined workflows, helping organizations achieve significant cost savings and improved efficiency.
Use Cases
- Automating purchase requisition and order processes to eliminate manual paperwork.
- Streamlining invoice processing and approvals to accelerate month-end close.
- Gaining real-time visibility into committed and forecasted spend to control budgets.
- Enforcing company policies and regulatory compliance through automated workflows and audit trails.
- Optimizing vendor management, including onboarding, performance tracking, and contract compliance.
- Reducing maverick spend and off-contract purchasing across distributed teams.
Features
Visibility
- Real-Time Spend Visibility: Gain complete, real-time visibility into all spending across departments, locations, and account codes to monitor budgets and prevent overages.
- Customizable Dashboards: Create personalized, role-based dashboards with various widgets to track key metrics, approval statuses, and financial performance.
- Audit Trails: Maintain comprehensive, time-stamped digital audit trails for every transaction, ensuring transparency, accountability, and audit readiness.
- Budget Tracking & Alerts: Monitor expenses in real-time against budgets, with automated alerts for thresholds, helping to prevent overspending before it occurs.
Intelligence
- AI-Powered Invoice Capture: Utilizes AI and OCR to automatically capture, validate, and extract data from invoices, significantly reducing manual data entry and errors.
- Automated 2-Way and 3-Way Matching: Automatically matches purchase orders, receiving documents, and invoices, flagging discrepancies in real-time to ensure accuracy and prevent overpayments.
- Customizable Approval Workflows: Design flexible, multi-level approval paths based on value, department, supplier, or budget, ensuring every purchase receives appropriate oversight.
- Duplicate Invoice Detection: Automatically identifies and flags duplicate invoices to prevent erroneous payments and potential fraud.
Support
- Dedicated Implementation Manager: Every customer is paired with a certified Implementation Manager for guided setup, seamless integration, and best-practice adoption.
- Multi-Channel Customer Support: Access support via phone, email, or in-app, with responsive, human-led assistance from teams in the US, UK, and EU.
- Knowledge Base & FAQs: Comprehensive online resources including user guides, FAQs, and articles to help users effectively utilize the platform.
- Ongoing Training & Resources: Provides training sessions to empower teams and offers helpful resources to ensure continuous optimal use of the software.
Technical Specifications
- Architecture
- Cloud-native SaaS, Multi-tenant cloud
- Deployment
- Cloud/SaaS
- Authentication
- SSO, MFA, OAuth 2.0
- API Available
- Yes
- MCP Server
- No
AI/ML Stack
- Machine Learning
- OCR
Integrations
- QuickBooks
- Xero
- NetSuite
- Sage Intacct
- SAP
Security & Compliance
Certifications: SOC 2 Type II, GDPR
Encryption: End-to-End Encryption (at rest and in transit) using industry-standard protocols
Data Residency: Cloud-based
Pricing
- Model
- Subscription, Per user
- Starting Price
- Contact sales
- Target Customer
- Mid-market to Enterprise (100-5000 employees)
- Contract Type
- Annual (implied, typical for B2B SaaS)
- Free Trial
- Yes, 15 days (credit card required)
About Planergy
PLANERGY provides cloud-based spend management software, offering a comprehensive procure-to-pay (P2P) solution. It helps mid-market companies gain full visibility and control over their procurement and accounts payable processes, from requests and approvals to vendor management and financial accountability.