What ProSpend (formerly expensemanager) does

ProSpend (formerly expensemanager) is an Australia-based SaaS provider of a unified business spend management platform serving finance teams in the Australia and New Zealand market, with planned expansion into the UK and Ireland in 2026. Founded in 2015 and headquartered in North Sydney, the platform consolidates expense management, accounts payable automation, purchase orders, corporate and virtual cards, travel management, FBT compliance, budget tracking, and approval workflows into a single system built on AWS infrastructure in the Sydney region. The product targets multi-entity, multi-approver, and multi-ERP finance operations, with native integrations across 18+ accounting and ERP systems (Xero, NetSuite, the MYOB family, Sage, SAP, Microsoft Dynamics, Pronto, Reckon, QuickBooks, and Wiise) and travel management company partners (Goldman Travel, Locale Travel). Virtual card issuance is powered by payment partner Wise.

The platform uses AI-assisted OCR for invoice data extraction and ABN-based supplier matching, plus rule-based anomaly detection for fraud control, supplier bank-detail verification, and duplicate detection. ProSpend serves 1,000+ customers and 350,000+ users across verticals including food and beverage (KFC, Baskin-Robbins), insurance (Hollard), not-for-profit (WWF Australia, Autism Spectrum Australia, Beef Australia), retail (Billini Shoes, Jasbe Petroleum), hospitality, healthcare, education, and government. Customer-reported outcomes include a 60% reduction in invoice processing time (Hollard), an 85% reduction in manual AP time, a travel reconciliation cycle compressed from two days to four hours (Autism Spectrum Australia), and an 80% reduction in audit preparation time (Beef Australia).

ProSpend operates a sales-led go-to-market targeting mid-market and enterprise finance teams via demo-driven direct engagement, supplemented by ERP reseller referrals (including MYOB Advanced certified add-on status and partnerships with resellers such as Leverage Technologies). Revenue is generated through a subscription SaaS model with custom, quote-based pricing billed monthly; pricing terms are confidential and not publicly disclosed. In November 2025, the company was acquired by UK-based software holding company ISH (Invincible Software Holdings) for an undisclosed sum, marking ISH's entry into fintech and providing capital for international expansion. Sharon Nouh, the founder, continues as CEO.

Name

ProSpend (formerly expensemanager)

Legal name

ProSpend Software Pty Ltd

Website

https://prospend.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

ProSpend is an Australia-based SaaS provider of a unified business spend management platform covering expenses, AP automation, purchase orders, virtual cards, travel, budgets, and approvals for ANZ mid-market and enterprise finance teams.

Ownership category

akta.pro rank

Product category

Spend Management Software

NAICS

Software Publishers (513210), Computer Systems Design and Related Services (54151)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments) (BPAAAGAA)

akta.pro secondary industries

Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Intercompany & Consolidation Support (Eliminations, Group Reporting Support) (BPAAAGAG)

Keywords

• Spend management software
• Accounts payable automation
• Expense management platform
• Corporate card management
• Purchase order automation

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Software Subscription: Subscription-based SaaS model providing access to the ProSpend spend management platform. Fees are invoiced monthly based on agreed terms, with pricing confidential and non-disclosed publicly.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

ProSpend is a unified SaaS spend management platform that consolidates expense management, accounts payable automation, purchase orders, virtual cards, travel reconciliation, FBT compliance, budgets, and approval workflows into a single system. Approved spend data syncs live back to customer ERPs (Xero, NetSuite, MYOB, Sage, SAP, Microsoft). The platform is purpose-built for ANZ finance teams managing multi-entity, multi-approver, and multi-ERP complexity.

Product overview

ProSpend is a unified spend management platform that evolved from a single expense tool (expensemanager) to a complete business spend management solution. The platform operates on a platform-plus-modules architecture consisting of the core ProSpend Platform that consolidates expenses, invoices, purchase orders, cards, travel, and budgets into one unified system. The core products are Expense Management and AP Invoice Automation, which are supplemented by add-on modules including Virtual Cards, Travel Manager, FBT Compliance, Purchase Orders, Invoice Matching, eInvoicing, Fraud Control, Budget Manager, and Approvals. All approved spend data syncs back to the customer's ERP or accounting system. The platform serves ANZ finance teams managing multiple entities, approvers, budgets, and ERPs, with capabilities spanning real-time expense capture, automated AP processing with OCR/AI, virtual card issuance, travel reconciliation, budget visibility before spend commitment, and compliance controls.

Differentiator

Problem solved

Functional benefit

Products and services

• Expense Management Core expense management module that captures receipts, applies policy, manages claims, and routes approvals with real-time control over business expenses for finance teams.
• AP Invoice Automation Hyper-automated accounts payable processing using OCR and AI for invoice capture, supplier matching on ABN, approval routing, and payment processing with built-in fraud control.
• Virtual Cards Instant-issued virtual card solution with flexible spend controls, multiple limits, real-time transaction monitoring, and ability to block or freeze cards. Powered by Wise.
• Travel Manager Travel expense management module that delivers digital trip receipts, automated travel reconciliation, and TMC integrations for end-to-end travel claim workflows.
• FBT Compliance Fringe Benefits Tax tracking, calculation, and reporting module with an FBT wizard that captures context and evidence for Australian FBT and tax management.
• Purchase Orders Proactive spend management module for creating purchase orders before spend occurs, with budget visibility and approval rules built in.
• Budget Manager Real-time budget tracking module that checks budgets before purchase orders or expenses are approved, providing visibility before spend is committed.
• Invoice Matching Advanced invoice matching for accurate payments using OCR technology that matches suppliers on ABN numbers and customer account numbers.
• eInvoicing Electronic invoicing module supporting digital transformation of AP processing for streamlined invoice receipt and processing.
• Fraud Control Fraud control module providing supplier bank detail verification, duplicate detection, exception routing, and audit trails to reduce risk of unauthorized or incorrectly approved spend.

Quantifiable outcome

• Invoice processing time reduced by over 60%
• +7 more outcomes

Named customers19 records

Segments9 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

AI capability6 records

Feature7 records

Partnerships

Ten partnerships are on record, tiered core.

• Leverage TechnologiescoreChannel Partner/ Reseller/ DistributorMYOB Advanced reseller partner that collaborated with ProSpend on customer implementations. Worked directly with ProSpend to deliver seamless integration projects for shared customers like Fuzzy Events.
• XerocoreTechnology or IntegrationCertified integration partner providing seamless bi-directional data sync between ProSpend and Xero. Live sync of approved spend data flowing back to Xero.
• NetSuitecoreTechnology or IntegrationCertified integration partner enabling seamless ERP connectivity for customers like Hollard Insurance requiring real-time data synchronization.
• MYOB (Business, AccountRight, Acumatica, Exo, Advanced)coreTechnology or IntegrationCertified add-on partner across the MYOB product family. ProSpend is a certified MYOB Advanced add-on with existing integration knowledge enabling streamlined implementations.
• ProntocoreTechnology or IntegrationIntegration partner for customers like Rema Tip Top. ProSpend has existing Pronto integration knowledge for seamless implementations.
• WisecoreTechnology or IntegrationPayment provider powering ProSpend's virtual cards. Wise issues and manages virtual cards on behalf of ProSpend, enabling instant card issuance with spend controls.
• Sage (300, Intacct)coreTechnology or IntegrationIntegration partners for Sage accounting systems enabling data sync with ProSpend's spend management platform.
• Microsoft (Business Central, Dynamics AX, Dynamics GP)coreTechnology or IntegrationIntegration partnerships across Microsoft ERP ecosystem including Business Central, Dynamics AX, and Dynamics GP.
• SAP (Business One, Business ByDesign)coreTechnology or IntegrationIntegration with SAP Business One and SAP Business ByDesign ERP systems.
• WiisecoreTechnology or IntegrationPartnership with Microsoft-aligned ERP Wiise for ANZ businesses requiring spend management integration.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/prospend

Compliance3 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 ProSpend (formerly expensemanager)