What Sigma Sourcing does

Sigma Sourcing is a privately-held, bootstrapped SaaS company founded in 2008 by Ben Gripka (who began developing industry-specific procurement software in 2001) and headquartered in Lenexa, Kansas. The company is 100% focused on providing cloud-based purchasing software for hospitality FF&E (Furniture, Fixtures, and Equipment) and OS&E (Operating Supplies and Equipment) procurement companies. The platform is built on ASP.NET, C#, jQuery, HTML5, and SQL Server, and spans the full procurement workflow including budgeting, competitive bidding, purchase orders, change orders, expediting, vendor payment processing, detailed client invoicing, and reporting. Notable proprietary components include the Designer PDF Importer (which interprets designer spec PDFs and maps the data into the system), Room Matrix Budgeting, Custom Report Builder, Cash Flow and Lead Time reports, and bidirectional API integrations with logistics and accounting platforms.

The product surface includes more than a dozen modules: Designer PDF Importer, Room Matrix Budgeting, Competitive Bidding, Purchase Orders (with revision/change tracking), Expediting, Change Orders, Customer's Own Materials (COM), Vendor Payments with sales-tax and freight handling, Detailed Client Invoicing, Cash Flow Report, Lead Time Report, Submittal Tracking, Freight Forwarder Access, 3rd Party Access Features for vendors and designers, Training and Practice System, a Progressive Web App, and Copy Projects. Integrations span accounting (QuickBooks Desktop, QuickBooks Online, Sage Intacct, Sage 100) and freight forwarding (Flat World HIVE via API). The company has invested in performance, with system optimizations cutting peak memory use to roughly 10% of prior levels and budget report load times improving by 600%.

Sigma Sourcing monetizes via monthly SaaS subscriptions with two pricing structures: project-based pricing (for smaller purchasing firms and ramp-up periods) and volume-based pricing (for higher-volume purchasers with tiered support and upgrade options). Both plans support pro-rated user additions subject to a company minimum fee. The go-to-market is direct sales-led with demo requests, consultative selling, onsite/online training, and a streaming video tutorial curriculum. New client acquisition is driven primarily by SEO/content, referrals, and case studies; the company grew from launch in March 2016 to 23 purchasing customers by October 2019, added its first international client in 2019, and serves three clients outside the US. The team is small (1-10 employees per firmographic data, with growth signals via recent developer and operations hires), and there is no evidence of institutional funding, M&A, or restructuring.

Name

Sigma Sourcing

Legal name

Sigma Sourcing, LLC

Website

https://sigmasourcing.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Sigma Sourcing is a privately-held SaaS company that provides cloud-based procurement software specialized for hospitality FF&E and OS&E purchasing companies, covering budgeting, competitive bidding, purchase orders, vendor payments, expediting, and reporting for mid-market purchasing firms.

Ownership category

akta.pro rank

Product category

Hospitality Procurement Software

NAICS

Custom Computer Programming Services (541511), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Corporate Rates, Sourcing & Supplier Contract Management (THALANAG)

akta.pro secondary industry

Vendor & Contract Management (Software/Cloud) (BPAEAOAD)

Keywords

• Hospitality procurement software
• FF&E purchasing software
• OS&E procurement solutions
• Hospitality sourcing platform
• Purchase order management

Headquarters

HQ city

Lenexa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription - Project-Based Pricing: Sigma offers project-based pricing for smaller purchasing companies or larger companies during ramp-up periods. Users can add or subtract users at any time with pro-rated billing. Subject to company minimum fee.
2. SaaS Subscription - Volume-Based Pricing: Companies with larger volumes of projects can choose pricing options based on varying levels of customer support and system upgrades. Higher tiers offer more comprehensive support packages.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Sigma Sourcing provides a cloud-based SaaS hospitality purchasing platform built specifically for FF&E (furniture, fixtures, and equipment) and OS&E (operating supplies and equipment) procurement companies. The platform manages the full procurement lifecycle including budgeting, competitive bidding, purchase order creation and tracking, vendor payments, expediting, and client invoicing. It includes proprietary tools such as a Designer PDF Importer, Custom Report Builder, Room Matrix Budgeting, and integrates with QuickBooks, Sage, and freight forwarder systems.

Product overview

Sigma Sourcing provides a cloud-based software-as-a-service hospitality FF&E and OS&E purchasing platform with customizable features designed specifically for the hospitality procurement industry. The core platform provides comprehensive purchasing functionality from budgeting to payment, with modules including Designer PDF Importer for spec data upload, Room Matrix Budgeting for large project budgeting, Competitive Bidding for RFQ creation and vendor selection, Purchase Orders with change tracking, Vendor Payments for invoice processing, and extensive reporting capabilities including Custom Report Builder, Cash Flow Report, and Lead Time Report. Additional modules cover Expediting, Change Orders, COM (Customer's Own Materials) budgeting, and 3rd Party Access for vendors, freight forwarders, and designers. The platform integrates with accounting systems including QuickBooks Online, QuickBooks Desktop, Sage Intacct, and Sage 100, and offers API connectivity for custom integrations like the Flat World HIVE logistics platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Sigma Sourcing Hospitality Purchasing Platform Cloud-based SaaS platform purpose-built for hospitality FF&E and OS&E procurement companies, providing end-to-end functionality from budgeting through vendor payment and client invoicing. Targeted at third-party purchasing services providers and in-house procurement arms of hospitality companies.

Quantifiable outcome

• Midas Hospitality can respond to new project bids in 30% of the time it took before using Sigma's PDF importer
• +4 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature17 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• Flat World Global SolutionscoreTechnology or Integration · 1 January 2019Flat World Global Solutions, a leading provider of supply chain management solutions optimizing FF&E expediting, integrated their HIVE logistics platform with Sigma Sourcing's procurement software. The integration allows bidirectional data flow: Sigma pushes purchase orders to Flat World, and Flat World pushes freight tracking updates back to Sigma in real time. This eliminates redundant manual data entry and provides seamless visibility for purchasing companies.
• QuickBooks (Desktop and Online)coreTechnology or IntegrationQuickBooks Web Connect feature functions as a bridge between Sigma Sourcing and QuickBooks accounting systems. Imports accounts payable and receivable data directly, ties payments to purchase orders for audit controls, and enables efficient financial statement creation and payment processing. Originally launched for QuickBooks Desktop in November 2016, expanded to QuickBooks Online in July 2020.
• Sage IntacctsupportingTechnology or IntegrationAccounting system integration allowing Sigma Sourcing clients to sync payment requests and procurement accounting information with Sage Intacct. Part of Sigma's expanding ecosystem of accounting system integrations.
• Sage 100supportingTechnology or IntegrationAccounting system integration providing clients the ability to sync procurement accounting information with Sage 100. Part of Sigma's expanding ecosystem of accounting system integrations.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Tradogram: Tradogram is a procurement and purchase order management SaaS aimed at SMB and mid-market purchasing organizations — a comparable customizable PO/RFQ/invoice platform, comparable in target customer size and feature scope to Sigma's core modules.
• OrderEase: OrderEase provides B2B order management and procurement workflows for wholesalers and their buyers. While not hospitality-specific, its purchase-order-centric, customizable SaaS model is structurally similar to Sigma's PO and bidding modules.
• Precoro: Precoro is a customizable procurement software with purchase orders, vendor management, and reporting — closely aligned with Sigma's PO, vendor payment, and custom report builder modules in both functionality and SMB-to-mid-market buyer profile.
• BirchStreet Systems: BirchStreet is a SaaS platform purpose-built for hospitality procurement and invoice automation — the most direct functional competitor to Sigma Sourcing in the FF&E/OS&E purchasing software category, serving hotel operators and procurement service providers globally.
• Procurify: Procurify is a mid-market procurement and AP automation SaaS that uses a similar consultative, sales-led motion and customizable workflow approach — directly comparable in GTM, though broader in vertical scope than Sigma's hospitality-only positioning.

Broad incumbents

• Coupa Software: Coupa is a broad-spend-management incumbent offering procurement, invoicing, and supplier management across industries; it overlaps with Sigma's procurement and supplier workflows but does not specialize in hospitality FF&E/OS&E workflows.
• SAP Ariba: SAP Ariba is the enterprise incumbent in procurement and supplier management with global reach and deep integrations; overlapping capability with Sigma's competitive bidding and vendor payment modules, but targeting the largest enterprise buyers rather than hospitality-specific purchasing providers.

Emerging players

• BlueCart: BlueCart is a B2B ordering platform for the foodservice and hospitality supply chain, focused on wholesale ordering rather than FF&E/OS&E. It is an emerging adjacent player with partial overlap in hospitality procurement digital workflows.
• MarketMan: MarketMan is a restaurant inventory and procurement platform that digitizes purchasing for hospitality operators — adjacent in customer base (hospitality), with supplier ordering workflows that partially mirror Sigma's PO and vendor-payment capabilities.
• Hotel Effectiveness: Hotel Effectiveness (which acquired HotSOS) provides labor management and operational software to hotel operators and is increasingly expanding into hotel spend and procurement workflows — adjacent rather than directly competitive, but selling into the same hospitality buyer persona Sigma targets via its FF&E purchasing customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sigmasourcing

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 Sigma Sourcing