mybiz

What mybiz does

MyBiz Solutions Sdn Bhd is a Kuala Lumpur-headquartered, private enterprise software company founded in 1996, operating as a subsidiary of Singapore-based SESAMi. The company delivers a cloud-based eProcurement and Spend Management platform for medium and large enterprises, structured as an integrated suite of modules: MySpendNet (spend analysis), MyProcureNet (procure-to-pay), MyTenderNet (eTendering), MyAuctionNet (eBidding), MySupplierNet (supplier relationship management), MyContractNet (contract management), and a Managed Service offering for procurement consulting. The platform is built on MyBiz's proprietary Business Relationship Network (BRN) engine and the Covalence Relationship Engine, which capture and orchestrate buyer-supplier relationships as data; the Covalence engine is described as deployed to hundreds of suppliers per client to connect enterprise buyers with their vendor network. MyBiz is configurable to sit on top of any enterprise ERP system and emphasizes auto-classification of spend data beyond ERP and legacy systems.

The company generates revenue through quote-based annual SaaS subscriptions for its modules and through professional services for consulting, implementation, training, and ongoing support. Go-to-market combines direct enterprise field sales with strategic partnerships, most notably a KPMG alliance to extend Spend Analytics into Tax and Audit Analytics, and a SESAMi partnership that delivers LHDN e-invoicing compliance in Malaysia. Customer concentration sits in banking and large conglomerates across Southeast Asia, with named logos including CIMB Bank, Maybank, RHB, UOB, Citibank, Citigroup, PETRONAS, Sime Darby, Axiata, ST Engineering, Singapore Airlines, Westpac, Singapore Power, and Malaysia Government. The business is operated by a lean team of less than 30 full-time employees delivering outcomes that the company positions as comparable to global procurement software leaders.

Strategically, MyBiz leverages its 20+ year operating history and Gartner recognition (first Asian vendor in the Magic Quadrant for Strategic Sourcing Application Suites in 2013; Cool Vendor in Business Process Services; ranked top 14 BPO providers worldwide) as third-party validation. Reported customer outcomes include MYR 130M in first-year savings for a regional banking client, MYR 179M saved by an Asian conglomerate, MYR 100M saved by a Southeast Asian financial group across 300+ branches in seven months, and RM600M cumulative savings over 3.5 years for CIMB alongside a Cost-Income Ratio reduction from 59.1% to 51.8%. Revenue, funding rounds, and ownership percentages are not publicly disclosed.

Name

mybiz

Legal name

MyBiz Solutions Sdn Bhd

Website

https://mybiz.net

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

MyBiz is a Kuala Lumpur-based enterprise SaaS provider offering a cloud-based eProcurement and Spend Management platform for medium and large enterprises, anchored by its proprietary BRN and Covalence engines, with a customer base concentrated in Southeast Asian banking, oil & gas, and conglomerates.

Ownership category

akta.pro rank

Product category

Procurement and Spend Management Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373), Services-Management Consulting Services (8742)

akta.pro industry

PRIMARYBPAEAMAF

Service Desk & ITSM Outsourcing

Business & Public Services/IT & Digital Services (Managed Services, Systems Integration)/IT Outsourcing & Offshoring Services

SECONDARYBPAEAJAB

ITIL/ITSM Process Consulting & Implementation

Business & Public Services/IT & Digital Services (Managed Services, Systems Integration)/IT Service Management (ITSM) & Service Desk

SECONDARYHDAEAKAG

Business Rules & Decision Management Platforms (BRMS/DMN)

Hardware, Technology & Telecom/Enterprise Platforms & Databases/Enterprise Application Development Platforms (Low-Code/No-Code & PaaS)

Keywords

• EProcurement software
• Spend management platform
• Procure-to-pay solutions
• Strategic sourcing software
• Supplier relationship management

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software/SaaS Subscriptions: Subscription-based pricing for eProcurement platform modules including MySpendNet, MyProcureNet, MyAuctionNet, MyTenderNet, MySupplierNet, and MyContractNet. Typically generates positive ROI within 6-12 months and 3X to 5X return on Total Cost of Ownership over 5 years.
2. Procurement Consulting Services: Managed service offerings including consulting, implementation, training, and ongoing support to assist clients through procurement transformation journeys.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

MyBiz provides a cloud-based eProcurement and Spend Management platform consisting of integrated modules (MySpendNet, MyProcureNet, MyTenderNet, MyAuctionNet, MySupplierNet, MyContractNet) powered by a proprietary Business Relationship Network (BRN) engine and Covalence Relationship Engine. The platform automates spend analysis, procure-to-pay workflows, eTendering, eBidding, supplier management, and contract management for medium and large enterprises. It also offers managed procurement consulting services to support client transformation journeys.

Product overview

MyBiz is an eProcurement and Spend Management platform offered as a unified platform-plus-modules architecture. The core of the platform is powered by the proprietary Covalence Relationship Engine and Business Relationship Network (BRN) engine, which captures and orchestrates business relationships. The product suite consists of integrated modules: MySpendNet for spend analysis and diagnostics, MyProcureNet for procure-to-pay automation, MyTenderNet for eTendering, MyAuctionNet for eBidding/auctions, MySupplierNet for supplier relationship management, and MyContractNet for contract management. The Managed Service module provides procurement consulting. All modules share data across the procurement lifecycle, enabling organizations to optimize spend, streamline sourcing, and manage supplier relationships from a single integrated platform.

Differentiator

Problem solved

Functional benefit

Brands

• MySpendNet: Spend analysis solution that auto-classifies and analyzes procurement spend data with interactive dashboards and AI tools for spend diagnostics.
• MyProcureNet
• MyTenderNet
• MyAuctionNet
• MySupplierNet
• MyContractNet
• Covalence
• Business Relationship Network (BRN)

Products and services

• MySpendNet Spend analysis solution that utilizes business rules to auto-classify and analyze procurement spend data beyond ERP and legacy systems, with interactive dashboards, AI-powered spend diagnostics, and drill-down reporting for sourcing decisions.
• MyProcureNet Procure-to-pay solution that digitizes and automates the purchasing process with eCatalogues, approval workflows, purchase orders, goods receipt notes, and automated invoice processing with 5-way matching. Configurable to sit on top of any ERP system.
• MyTenderNet eTendering solution covering the entire tendering process from specification, clarification, technical and commercial evaluation, up to negotiation and award through a paperless workflow.
• MyAuctionNet eBidding solution that enables competitive bidding through reverse or forward auctions with real-time graphical views of bids, bidder masking, bid history, and audit trail.
• MySupplierNet Cloud-based supplier relationship management solution for supplier onboarding, approval workflows, performance evaluation with scorecards, risk monitoring, and supplier spending analysis across the procurement lifecycle.
• MyContractNet Contract management solution providing a central repository for contracts with creation tools, digital transformation of paper contracts, expiry alerts, to-do task management, and seamless connection to eCatalogues.
• Procurement Consulting Service Managed procurement consulting service providing consulting guidance, implementation support, training, and ongoing support to help clients manage procurement transformation and stay up-to-date with latest technology.

Quantifiable outcome

• MYR 130 Million savings in first year for regional banking implementation
• +7 more outcomes

Named customers15 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

Two partnerships are on record, tiered core.

• KPMGcoreStrategic or Co-development PartnerStrategic partnership with KPMG to develop next generation Asset-Based Consulting for clients. Companies are extending Spend Analytics to Tax Analytics and Audit Analytics to provide Actionable Insights by identifying savings opportunities, potential wastages and gaps in governance to effectively manage clients' spend and improve value-for-money procurement and investments.
• SESAMicoreTechnology or IntegrationSESAMi e-invoicing integration enabling MyBiz to connect directly to LHDN (Malaysia's tax authority) and issue electronic invoices to all customers. SESAMi provides the e-invoicing infrastructure and LHDN connectivity.

Scale indicators13 records

Recent moves1 record

Expansion highlights5 records

Broad incumbents

• SAP Ariba (SAP): SAP Ariba is the dominant global strategic-sourcing and procure-to-pay suite, serving the same enterprise customers as MyBiz with overlapping modules (sourcing, contracts, supplier management, P2P). It competes head-to-head for the same banking and large-enterprise RFPs in APAC, but is sold as part of SAP's broader ERP portfolio.
• Coupa Software: Coupa is a leading cloud-based Business Spend Management platform covering sourcing, procurement, invoicing and expense management. It directly competes with MyBiz's full suite of modules and has been expanding APAC enterprise sales coverage.
• SynerTrade (Accenture): SynerTrade, now part of Accenture, is a source-to-pay platform focused on large European and global enterprises. It competes for the same strategic-sourcing RFPs and benefits from Accenture's broader consulting channel — analogous to MyBiz's KPMG partnership.

Direct peers

• Jaggaer: Jaggaer is a dedicated source-to-pay and supplier management platform serving large global enterprises. It overlaps directly with MyBiz's MySpendNet, MyProcureNet, MyTenderNet, MyAuctionNet, MySupplierNet and MyContractNet capabilities.
• GEP: GEP provides a unified source-to-pay platform (GEP SMART) alongside managed procurement services — a near-identical combination to MyBiz's product-plus-consulting model. It serves many of the same Fortune 500 and large-enterprise customers globally.
• Ivalua: Ivalua offers a unified Source-to-Pay platform with spend analysis, eSourcing, contract management, supplier management and P2P — closely mirroring MyBiz's modular architecture and enterprise target market.
• Zycus: Zycus is an AI-powered source-to-pay suite provider with spend analysis, eSourcing, contract management and supplier management modules. It competes with MyBiz for the same large-enterprise procurement modernization deals, particularly in regulated industries.
• Proactis: Proactis provides source-to-pay and spend management solutions for mid-sized enterprises. Like MyBiz, it emphasises modular P2P, eSourcing and supplier onboarding functionality but at a smaller scale.
• Basware: Basware is a Nordic-headquartered procure-to-pay and AP automation vendor with a comparable modular cloud platform serving global enterprises. It overlaps with MyBiz on P2P, eInvoicing (including LHDN-relevant integration) and spend analytics.

Emerging players

• Bidhive: Bidhive is an emerging eTendering and bid management platform with overlapping capability to MyBiz's MyTenderNet and MyAuctionNet modules. It is smaller and more focused on the bidding workflow but represents adjacent competitive pressure in the APAC eSourcing niche.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mybiz-solutions-sdn-bhd
• Facebookfacebook.com/MyBizKL

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 mybiz