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Candex

FOUNDED : 2011

LOCATION : US & Canada, US

TEAM SIZE : 11-50

SOLUTION MATURITY : Scaleup

FUNDING ROUND : Series A

TOTAL FUNDING RAISED ($m) : $25

Core Functionality
Tail Spend Management
Description

Candex is a US-based company that creates apps managing payments between companies and vendors. Candex essentially mediates between buyers and sellers allowing for large enterprises to efficiently procure from smaller suppliers.

For buyers, Candex claims its software can ‘punchout’ from any purchasing tool. It allows for setting procurement categories and spend limits for employees, and customization by country, category, and vendor. It can invoice in various ways and levels and the website claims they have strict supplier compliance checks.

For sellers, Candex offers emails to suppliers when a company seeks to order from them, a purchasing terms form that has to be confirmed, and easy invoice uploading.

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