Procurehere

Name

Procurehere

Legal name

PRIVASIA Technology Berhad

Website

https://procurehere.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

E-Procurement Software

NAICS

Software Publishers (513210)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Catalog & eProcurement Enablement (Punchout, Item Master) (BPAAAJAI)

akta.pro secondary industries

Procurement Systems Administration (ERP/P2P Tools Support) (BPAAAJAO), Spend Analytics & Reporting Support (BPAAAJAJ), Enterprise Application License Advisory, Vendor Management & Optimization (BPAEAGAO)

Keywords

• E-procurement software
• Source-to-pay automation
• Cloud procurement platform
• Supplier management software
• Spend analytics software

Headquarters

HQ city

Petaling Jaya

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription - PROCUREHERE Platform: Cloud-based procurement software delivered as a subscription service. Organisations pay for access to the platform including buyer and supplier portals, analytics, and integrations. The platform offers buyer login and supplier registration portals indicating a dual-sided platform model.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Procurehere is a cloud-based enterprise digital procurement platform delivering end-to-end Source-to-Pay (S2P) automation, covering requisition, multi-level approval, sourcing events (RFQs and reverse auctions), purchase orders, invoicing, and payment. The platform includes real-time spend analytics, intelligent sourcing with price benchmarking, centralized supplier and contract management, and native integrations with SAP, Oracle, Sage, and Stripe. It targets government agencies, government-linked companies (GLCs), and large enterprises seeking to digitalize procurement workflows with auditable governance.

Product overview

PRIVASIA Technology Berhad operates as a diversified technology group with PROCUREHERE as its flagship cloud-based digital procurement platform. PROCUREHERE is a unified Source-to-Pay (S2P) solution that provides end-to-end procurement automation including requisition management, approval workflows, sourcing events (RFQs, reverse auctions), purchase orders, supplier management, contract management, spend analytics, and ERP integration with SAP, Oracle, Sage, and Stripe. The broader PRIVASIA portfolio includes PRIVASIA Sdn Bhd (IT managed services), PRIVASAT (satellite broadband/VSAT services), PRIVAPORTS with its iTAP terminal operating system, SILVERSTREAMS (Tier IV data centre), PRIVANET (wireless network services), PRIVASIA IOT (IoT solutions), and DJAVA FACTORY (software development consultancy).

Differentiator

Problem solved

Functional benefit

Brands

• PROCUREHERE: Enterprise digital procurement platform providing cloud-based eProcurement software. Features include spend analytics, source-to-pay automation, supplier management, RFQ/auctions, ERP integration, and procurement governance. Designed for government agencies, GLCs, and enterprise organisations.
• iTAP
• SILVERSTREAMS

Products and services

• Procurehere Digital Procurement Platform Cloud-based enterprise Source-to-Pay (S2P) procurement platform delivering end-to-end automation of requisition, multi-level approval, sourcing (RFQs and reverse auctions), purchase orders, invoicing, and payment. Includes real-time spend analytics, intelligent sourcing with price benchmarking, centralized supplier and contract management, and native integrations with SAP, Oracle, Sage, and Stripe. Designed for government agencies, government-linked companies (GLCs), and large enterprises in Malaysia and Southeast Asia.

Quantifiable outcome

• 17% cost savings achieved by leading Malaysian conglomerate in first half of 2024
• +4 more outcomes

Named customers16 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability3 records

Feature7 records

Partnerships

Two partnerships are on record, tiered minor.

• Mara IncminorStrategic or Co-development Partner · 12 November 2025Initially partnered with PRIVASIA to develop a data centre in Bagan Datuk, Perak through a memorandum of agreement signed December 2024. The project was later transitioned to PRIVASIA leading independently. Mara Inc continues to support the project by facilitating government relations, regulatory approvals, utilities, land matters, and assisting in onboarding of government-linked clients. A 10% annual profit distribution is made to Mara Inc, and the collaboration is valid for 30 years.
• Felcra BhdminorStrategic or Co-development Partner · 12 November 2025Felcra Bhd is the land owner providing the 49.9-acre site in Bagan Datuk, Perak for the SILVERSTREAMS data centre project. PRIVASIA (through its subsidiary SILVER STREAMS Technofarm Sdn Bhd) has signed a 30-year land lease agreement with Felcra, with option to renew for another 30 years. Lease payments include first-year commitment fee of RM150,000, annual rentals of RM303,000 for years 2-3, and RM606,000 to RM1.5 million annually from year 4 onwards.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Basware: Cloud-based purchase-to-pay and e-invoicing platform with strong European and APAC presence. Comparable to Procurehere in P2P automation, invoice processing, and finance integration.
• GEP: Unified procurement and supply chain platform with strong spend analytics and sourcing modules. Competes with Procurehere in enterprise and government procurement digital transformation deals.
• Proactis: Source-to-pay software provider focused on mid-market and mid-enterprise buyers. Comparable to Procurehere in scope of S2P features and consultative enterprise sales motion.
• Ivalua: Provider of a unified source-to-pay platform with sourcing, contract, supplier, and spend management capabilities. Comparable in functionality and customer profile to Procurehere's enterprise and government focus.
• Jaggaer: Independent source-to-pay provider with deep sourcing, contract management, and supplier management capabilities. Closely comparable to Procurehere's full S2P feature set, including RFQs, auctions, and spend analytics.

Broad incumbents

• Oracle Procurement Cloud: Oracle's procurement cloud offering tightly integrated with Oracle ERP. Competes for the same enterprise procurement modernisation deals as Procurehere, particularly where Oracle is the system of record.
• Coupa Software: Cloud-native business spend management platform covering procurement, invoicing, and expense management. Competes head-to-head with Procurehere for mid-market and enterprise S2P deals.
• SAP Ariba: SAP's procurement and supply chain suite is the largest global S2P platform. Directly comparable to Procurehere as the dominant incumbent in source-to-pay, with native ERP integration that mirrors Procurehere's SAP/Oracle positioning.

Emerging players

• Euna Solutions: Procurement and budgeting platform serving public sector and mid-market customers in North America. Comparable to Procurehere's vertical focus on government procurement, though operating in a different geography.

Regional players

• VendorPanel: Australia/New Zealand-based procurement platform for local government and SMB buyers. Comparable to Procurehere in vertical (government procurement) and feature scope, though focused on the ANZ market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/procurehere
• Xx.com/procurehere
• Facebookfacebook.com/PROCUREHEREOfficial

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries9 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 Procurehere