What Derive does

Derive is an AI-native spend control and procurement orchestration platform that targets multi-entity finance teams at mid-market and enterprise companies. The company is incorporated in Australia as Derive Technologies Pty Ltd, headquartered at Salesforce Tower in Sydney, with a secondary office at 600 California St in San Francisco. Its customers include organizations operating across North America, EMEA, Australia, and New Zealand, and the named logo base spans financial services / auto lending (Metro Finance), regulated data-governance software (RecordPoint), gift card and voucher platforms (Prezzee), and other verticals — indicating a horizontal go-to-market rather than a single-vertical focus.

The platform is structured as a unified Procure-to-Pay system with two core modules: Procurement (intake requests, custom approval workflows, purchase orders, vendor and contract management, renewal tracking) and Accounts Payable (OCR-driven invoice capture, 3-way matching, fraud and duplicate detection, multi-entity and multi-currency bill management, and ERP/accounting system sync). Layered on top of these modules are branded AI capabilities: autonomous Agents that perform cognitive review tasks such as T&C analysis, supplier quote comparison, and contract risk flagging; and a Co-pilot that functions as a ChatGPT-style assistant grounded in the customer's own contracts, POs, vendors, bills, and approvals. The native Xero integration is the platform's flagship ecosystem relationship, positioning Derive as a complementary control layer that posts approved, correctly coded bills into Xero rather than displacing the customer's existing accounting system.

Commercially, Derive operates a sales-led, founder-driven GTM: the Co-Founder (Akshat) personally conducts 30-minute demo calls, supported by an interactive product tour on the website and customer case studies. Pricing is not publicly disclosed and is handled inside the demo cycle, consistent with mid-market and enterprise deal economics. Revenue is generated through SaaS subscriptions; no revenue, ARR, headcount, funding, or pricing figures are disclosed in public sources. AWS (Sydney region) is used for hosting and data storage, and Salesforce plus Outreach underpin CRM and sales engagement, indicating a standard enterprise SaaS operating stack.

Name

Derive

Legal name

Derive Technologies Pty Ltd

Website

https://derive.bi

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Derive is an AI-native spend control platform that helps multi-entity finance teams manage procurement, purchase orders, vendor contracts, and accounts payable through a unified procure-to-pay system with native Xero integration and AI Agents.

Ownership category

akta.pro rank

Product category

Spend Management / Procure-to-Pay Software

SIC

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

akta.pro primary industry

E-Procurement & Spend Analytics (BPAIAEAI)

akta.pro secondary industry

Accounts Receivable (Invoicing, Cash Application, Deductions) (BPAAAGAB)

Keywords

• Procurement orchestration
• Spend management software
• Accounts payable automation
• Vendor management platform
• AI procurement agents

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Platform Subscription: Subscription-based procurement and accounts payable platform providing vendor management, contract tracking, purchase request workflows, and approval automation. The platform is provided as a system of record for vendor management and SaaS purchase requests.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Derive provides an AI-native spend control platform for multi-entity finance teams that unifies procurement, vendor and contract management, and accounts payable into a single system. It routes approvals, generates purchase orders, performs 3-way matching on invoices, and synchronizes approved bills with accounting systems like Xero. AI Agents and a Co-pilot assistant layer cognitive automation and natural-language querying on top of the financial workflow.

Product overview

Derive is an AI-native spend control platform offering a unified Procure-to-Pay solution. The platform consists of two core modules: Procurement (for intake requests, approval workflows, purchase orders, vendor management, contracts, and renewals) and Accounts Payable (for invoice processing, 3-way matching, fraud detection, and ERP sync). Additionally, Derive offers AI Agents that autonomously handle cognitive tasks within workflows, and Co-pilot, a ChatGPT-style assistant grounded in the organization's financial data. All modules work together as a single platform providing end-to-end visibility and control across the full purchase-to-payment lifecycle.

Differentiator

Problem solved

Functional benefit

Products and services

• Derive Procurement Procurement module for managing intake requests, approval workflows, purchase orders, vendor management, contracts, and renewal tracking; routes approvals to the right stakeholders based on spend amount, department, and other criteria. Built for finance and procurement teams at multi-entity mid-market and enterprise companies.
• Derive Accounts Payable Accounts Payable module for invoice processing, 3-way matching (invoice against PO, receipt, and approval), duplicate-vendor and mismatch detection, multi-entity and multi-currency bill management, and automated push of approved bills into the customer's ERP or accounting system (e.g., Xero).
• Derive AI Agents AI Agents that work inside Derive's procurement and AP workflows to autonomously handle cognitive tasks such as reviewing supplier terms and conditions, comparing supplier quotes, and flagging risks in contracts; act as an additional review layer for finance teams.
• Derive Co-pilot ChatGPT-style natural-language assistant grounded in the customer's contracts, purchase orders, vendors, bills, and approvals, helping finance teams and business users query the Derive system directly and surface contextually relevant answers.

Quantifiable outcome

• Average $380k annual cost savings from improved supplier leverage and process efficiency
• +7 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability7 records

Feature7 records

Partnerships

One partnership is on record.

• XerocoreTechnology or IntegrationNative Xero integration synchronizes vendor data, invoices, and payment records in real time. Derive layers on top of Xero to provide procurement and AP controls that Xero doesn't offer natively, automatically posting approved bills with correct coding and linking to corresponding POs and contracts.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Spendesk: Spendesk is a European spend management platform combining prepaid cards, AP automation, purchase orders, and approvals for SMB and mid-market finance teams. It is comparable to Derive in product scope and customer profile, with a primarily European footprint.
• Zip: Zip is an AI-native intake-to-pay / procurement orchestration platform serving mid-market and enterprise finance teams. It is the most directly comparable peer to Derive in product positioning (procurement + AP orchestration, AI agents, vendor/contract management) and target customer (multi-entity finance teams).
• Tipalti: Tipalti provides AP automation, global mass payouts, supplier management, and procurement workflows for mid-market and enterprise. It is comparable to Derive on multi-entity AP, supplier onboarding, and ERP integrations.
• Airbase: Airbase provides spend management with bill pay, AP automation, corporate cards, and procurement workflows targeted at mid-market companies. It is a direct competitor to Derive in AP automation, approvals, and vendor management.
• Bill.com: Bill.com is a leading AP automation platform for SMBs and mid-market, offering bill capture, approval workflows, payments, and ERP integrations. It overlaps significantly with Derive's AP module and target buyer (finance teams processing vendor invoices).
• Brex: Brex offers corporate cards, AP/AR automation, bill pay, and an AI-powered spend platform aimed at mid-market and enterprise finance teams. It competes head-to-head with Derive on AP automation and spend control for multi-entity organizations.
• Ramp: Ramp is a leading spend management platform combining corporate cards, AP automation, vendor management, and AI-driven controls. It targets the same mid-market and enterprise finance buyers Derive sells to, with overlapping AP automation and vendor management capabilities.
• Stampli: Stampli is an AP automation platform with AI-powered invoice processing, approval workflows, and ERP integrations. It directly overlaps with Derive's AP module and serves similar mid-market finance buyers.

Broad incumbents

• Coupa: Coupa is a broad, established procurement and spend management platform (now under Thoma Bravo) serving enterprise customers. It overlaps with Derive across procurement, invoicing, and supplier management, but as part of a much wider portfolio at the high end of the market.
• SAP Ariba: SAP Ariba is a long-standing incumbent procurement and supplier management platform serving large enterprise customers. It competes with Derive in the procurement orchestration category but operates at a different scale and price point with broader ERP-suite integration.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/derivehq

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Derive