What Draycir does

Draycir is a UK-based privately-held software company founded in 2002 and headquartered in Leicester, that develops document management, credit control, and automation solutions for businesses running ERP and accounting systems. The company's product portfolio, branded under the Spindle, Credit Hound, PayThem, and Excel Data Bridge names, addresses paper-based document workflows, manual invoice data entry, automated document distribution, and debt chasing. Core technology relies on ERP-native integrations certified by Sage (across seven product variants), Microsoft Dynamics (GP, NAV, 365 Business Central), SYSPRO, SAP Business One, and Infor SunSystems, combined with OCR-based invoice recognition delivered through a technology partnership with IRIS (a Canon company). The product suite spans on-premise and cloud deployments and includes adjacent modules such as Purchase Invoice Recognition, Report Scheduler, Requisitions, Self Serve customer portal, PayThem payment links, and Proof of Delivery.

Draycir operates a partner-led go-to-market model, with over 500 resellers distributing its software across 42 countries and earning up to 50% reseller margins. The company also supports direct enterprise engagement via demo requests. Revenue is generated through annual software licenses and recurring annual support contracts, with the partner channel adding installation and support revenue. Quantified customer outcomes cited include 87% reduction in admin time, 40% reduction in inbound customer service calls, 20% annual man-hours saved, and 3-month ROI payback periods. The company reports 14,000+ user organizations and 85,000+ end users reliant on its software worldwide, with no external venture capital or private equity funding identified. Office locations are limited to Leicester, UK, with a US contact number supporting North American channel activity.

Name

Draycir

Legal name

Draycir Ltd

Website

https://draycir.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Draycir is a UK-based software company developing document management, credit control, and automation solutions for businesses using Sage, Microsoft Dynamics, SYSPRO, SAP, and Infor ERP systems, distributed through 500+ resellers across 42 countries.

Ownership category

akta.pro rank

Product category

ERP-Integrated Document Management & Credit Control Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

ERP Extensions & Add-ons (CPQ, Billing, Revenue Management) (HDAEAEAO)

Keywords

• Document management software
• Credit control software
• ERP integration solutions
• Invoice automation OCR
• Accounts payable automation

Headquarters

HQ city

Leicester

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D

Revenue model

1. Software Licenses: Annual software licenses for document management, credit control, and automation products. Sold through partner channel with reseller margins up to 50%.
2. Annual Support Contracts: Annual support contracts provide software updates, technical support, and access to latest features. Partners sell and manage support contracts with customers to ensure recurring revenue.
3. Partner Program Revenue: Partners earn reseller margins up to 50% on order value, with opportunities to add installation and support costs. Recurring revenue through maintaining customers on support contracts.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Draycir develops and sells ERP-integrated software that automates document management, accounts payable invoice processing, credit control/debt chasing, and instant customer payments. Its products — including Spindle Document Management, Spindle Document Distribution, Spindle Purchase Invoice Recognition, Credit Hound, Excel Data Bridge, Spindle Report Scheduler, Spindle Requisitions, Spindle Self Serve, PayThem, and Proof of Delivery — are certified to integrate with Sage, Microsoft Dynamics, SYSPRO, SAP Business One, and Infor SunSystems.

Product overview

Draycir offers a portfolio of document management and credit control software solutions that integrate primarily with Sage 200 and other ERP systems. The product suite is organized into four main categories: Document Management & Automation (Spindle Document Management, Spindle Document Distribution, Spindle Purchase Invoice Recognition, Excel Data Bridge, Spindle Report Scheduler, Spindle Requisitions), Credit Control & Collections Management (Credit Hound, Credit Hound Cloud, Spindle Self Serve), Payment Solutions (PayThem), and Logistics (Proof of Delivery). These products are designed to work both independently and together as an integrated ecosystem—for example, Spindle Document Management serves as the core document platform that other modules like Purchase Invoice Recognition and Spindle Self Serve extend, while PayThem integrates across document distribution and credit control products to enable instant online payments. Most products are available as on-premise or cloud-based deployments and are certified by major ERP vendors.

Differentiator

Problem solved

Functional benefit

Brands

• Spindle: Suite of document management and automation products including Spindle Document Management, Spindle Document Distribution, Spindle Report Scheduler, Spindle Requisitions, Spindle Self Serve, and Spindle Purchase Invoice Recognition
• Credit Hound
• PayThem
• Excel Data Bridge
• Proof of Delivery

Products and services

• Spindle Document Management Comprehensive document management solution for Sage 200 that combines document distribution, capture, and workflow automation, enabling scanning, importing, archiving, and distribution of documents with batch email, HTML email designer, and Pay Now payment button integration.
• Spindle Document Distribution Document automation solution that automates the distribution, archiving, and delivery of business documents via email, print, or fax, with a cloud-based variant (Spindle Document Distribution Cloud) offering automated licensing and remote access.
• Spindle Purchase Invoice Recognition OCR-based invoice data capture solution that automatically extracts invoice information and posts it into Sage 200 Professional, including line-item recognition, PO matching, approval workflows, and a web-based verification portal.
• Credit Hound Credit control and collections management software that automates debt chasing, payment reminders, and cash flow management, providing visibility into outstanding debts and automating follow-up actions such as letters and calls.
• Credit Hound Cloud Cloud-based version of Credit Hound providing accessible credit control functionality with quick installation, web-based access, and automatic feature updates.
• Excel Data Bridge Excel-based data entry solution enabling users to create and edit data in Microsoft Excel and push it directly into Sage 200 Professional, supporting nominal ledger, sales orders, purchase orders, invoices, cash allocations, stock management, and bill of materials.
• Spindle Report Scheduler Automated report delivery solution that schedules and distributes key business reports to specified recipients via email, providing real-time business information at scheduled intervals.
• Spindle Requisitions Online purchase requisition solution that streamlines procurement processes and controls business expenditure, integrating with Spindle Purchase Invoice Recognition for automated purchase orders and invoice matching.
• Spindle Self Serve Customer self-service portal providing 24/7 online access to account details, order history, invoice downloads, real-time stock availability, and order placement, reducing customer service enquiries.
• PayThem Instant payment solution enabling customers to pay invoices, statements, and chasing letters via credit/debit card or open banking through integrated payment links, including a payment portal for transaction management and support for Stripe and TranSafe payment providers.
• Proof of Delivery Digital proof of delivery solution replacing paper-based delivery records, enabling drivers to capture customer signatures electronically, providing real-time delivery fleet monitoring, and integrating job management with back-office systems.

Quantifiable outcome

• 87% reduction in admin time
• +6 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration23 records

AI capability3 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core.

• SagecoreTechnology or IntegrationSage is a core integration partner. Draycir software is certified by Sage and integrates with multiple Sage products including Sage 200 Professional, Sage 200 Standard, Sage Intacct, Sage X3, Sage 300, Sage 100, and Sage 50 Accounts.
• Microsoft DynamicscoreTechnology or IntegrationIntegration partner for Microsoft Dynamics GP, Microsoft Dynamics NAV, and MS Dynamics 365 Business Central. Draycir products certified and compatible with these platforms.
• IRIS (a Canon company)coreTechnology or IntegrationOCR technology partnership for Spindle Purchase Invoice Recognition and Spindle Document Capture. IRIS provides advanced OCR technology for automatic invoice data capture into Sage 200.
• SYSPROcoreTechnology or IntegrationIntegration partner for SYSPRO ERP. Draycir software integrates with SYSPRO for document management and payment solutions.
• SAP Business OnecoreTechnology or IntegrationIntegration partner for SAP Business One. Draycir products are compatible with SAP Business One version 8.8 to 9.1.
• Infor SunSystemscoreTechnology or IntegrationIntegration partner for Infor SunSystems and Infor SunSystems Cloud. Draycir software integrates with SunSystems 4 to 6.
• 500+ Partner ResellerscoreChannel Partner/ Reseller/ DistributorGlobal network of 500+ software resellers and accountants selling Draycir products across 42 countries. Partners receive up to 50% reseller margins, recurring revenue through support contracts, and access to certified award-winning software.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Esker: Esker provides AI-driven document process automation and AP/invoice automation that integrates with major ERPs (including SAP, Microsoft Dynamics, Sage). Directly comparable to Draycir's Spindle Document Distribution and Spindle Purchase Invoice Recognition, but operates at much larger scale and primarily via direct enterprise sales.
• HighRadius: HighRadius provides AI-powered order-to-cash, collections and credit management software integrated with ERPs (including SAP). Directly comparable to Draycir's Credit Hound credit control/collections product, but at significantly larger scale and breadth.
• Sidetrade: Sidetrade is an AI-driven order-to-cash and credit management platform that integrates with SAP, Oracle, Sage and Microsoft Dynamics. Directly comparable to Draycir's Credit Hound, focused on cash collection, dunning automation and credit risk.
• Yooz: Yooz is a cloud-based AP automation and invoice capture solution that uses OCR/AI to extract invoice data and push it into accounting/ERP systems. Overlaps directly with Draycir's Spindle Purchase Invoice Recognition and document automation products.
• Medius: Medius offers AP automation, invoice processing and spend management tightly integrated with ERP systems including Microsoft Dynamics and SAP. Comparable to Draycir's invoice recognition and Spindle Document Distribution modules, with a more direct enterprise SaaS go-to-market.
• Kofax (Tungsten Automation): Tungsten Automation (formerly Kofax) is a long-standing document capture, OCR and invoice automation vendor used in finance shared services and AP teams. Comparable to Draycir's Spindle Document Management and Purchase Invoice Recognition with broader, more enterprise-focused delivery.

Broad incumbents

• Sage: Sage is the ERP/accounting platform that Draycir's products integrate with most deeply (Sage 50/100/200/300/Intacct/X3). As a broad incumbent, Sage competes indirectly by potentially bundling similar document management/automation features natively within its core suite.
• BlackLine: BlackLine provides cloud-based accounting and finance automation, including account reconciliation and AR processes, sitting on top of ERPs such as SAP and Oracle. Comparable to Draycir's credit control and document automation in adjacent finance-shared-services workflows.

Emerging players

• Stampli: Stampli is an AP automation and invoice management platform that integrates directly with ERP systems and emphasises collaborative AP workflows. Comparable to Draycir's Spindle Purchase Invoice Recognition and Spindle Requisitions as a more modern, cloud-native challenger.
• Versapay: Versapay provides AR automation, collections and a B2B payments network for mid-market companies, often layered on top of ERPs. Comparable to Draycir's Credit Hound plus PayThem payment-link offering, with a stronger focus on collaborative AR.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks1 record

Key highlights7 records

Customer concentration

• Xx.com/draycir
• Facebookfacebook.com/Draycir
• LinkedInlinkedin.com/company/draycir-ltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Draycir