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Airbase Becomes the First Modern Spend Management Platform to Address Complex Purchasing Processes Faced by Larger Companies

October 27, 2022
Company launches a series of automated procurement features including advanced documentation and data routing, 3-way PO matching, and custom tagging of additional stakeholders.
Paylocity News
Press Release

SAN FRANCISCO - Aug. 10, 2021 – Airbase, the fast-growing and top-ranked spend management solution, today announced that the company is rolling out a series of new product capabilities that expand its all-in-one spend management platform to support the sophisticated purchasing processes of today’s mid-market and larger companies.

These new capabilities help ensure compliance by providing additional visibility, control, and a robust audit trail of company spending:

  • Workflow Builder: Highly customizable depending on the type of spend, Workflow Builder captures specific content requirements and routes different spend request types to finance, IT, legal, or other business groups for review, approval, sign-off, or observation.
  • 3-Way Purchase Order Matching: Match POs, invoices, and item receipts to ensure compliance and create a complete audit trail in NetSuite.
  • In-product collaboration via @Mentions: Tag team members to quickly receive the clarifications, feedback, and answers required to keep spending safe and efficient.

The company has a reputation for rapid innovation. Earlier this month, Airbase was named as one of the 50 Companies to Watch by procurement analyst Spend Matters and is the only spend management company included on their most recent SolutionMap for procurement technology solutions.

In September, Airbase picked up the Finovate Award for Best Enterprise Payments Solution and announced the appointment of Philip Lacor as Chief Revenue Officer in August.

About  Paylocity
Headquartered in Schaumburg, IL, Paylocity (NASDAQ: PCTY) is an award-winning provider of cloud-based HR, payroll, and spend management software solutions. Founded in 1997 and publicly traded since 2014, Paylocity offers an intuitive, easy-to-use product suite that helps businesses automate and streamline HR and payroll processes, attract and retain talent, and build culture and connection with their employees. Known for its unique culture and consistently recognized as one of the best places to work, Paylocity accompanies its clients on the journey to create great workplaces and help all employees achieve their best. For more information, visit www.paylocity.com.

CONTACT:  
Nicole Andergard
nandergard@paylocity.com
503-866-0783

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