What Proceedo does

Proceedo, legally Visma Proceedo AB, is a Swedish cloud-based Purchase to Pay (P2P) SaaS provider founded in 1999 and operating as a wholly-owned subsidiary of Visma Group since 2006. The company delivers a comprehensive procurement platform covering the entire purchasing lifecycle from demand to payment, including e-commerce procurement, contract compliance control, automated invoice matching, AI-based suggested accounting, and spend analytics. Its product portfolio includes core modules (Purchase to Pay, Procurement System, Invoice Management, Analytics, Public Sector E-commerce) and an extended Proceedo+ ecosystem with add-ons such as the AI-powered Dirra for direct procurement, Consultant Procurement (via Vakanta), InvoiceFirewall, Meal Planning, Sustainable Procurement, and Spend Analysis (via Spendency), supported by Proceedo Community and Proceedo Academy for user enablement.

Proceedo serves large enterprises and public sector organizations in the Nordic region, with a particularly strong position in Swedish public sector e-commerce procurement (50%+ market share) and enterprise customers including Nordea, Compass Group, Coop, Chalmers University, Transdev, Tine, and Bremnes Seashore. The platform processes 472 billion NOK in annual spend, 14 million invoices, and 3.6 million orders across 1 million users, with 91% automated invoice matching and 55% touchless processing rates. Mid-market customers are served through a partner channel with Excitec.

The company operates on a quote-based annual subscription model with tiered Success Packages (Plus and Premium) priced by organization size, transaction volume, and feature selection. Go-to-market is enterprise field sales with demo-driven acquisition, supplemented by content marketing, webinars, community engagement, and SEO. Integration with major ERP systems (including a documented SD Worx integration) forms a core part of the value proposition. CEO Stefan Norr has led the company since 2021, following Visma's decision to divest other Commerce products and refocus Proceedo exclusively on P2P operations.

Name

Proceedo

Legal name

Visma Proceedo AB

Website

https://proceedo.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

51–100 employees

Short description

Proceedo is a Nordic cloud-based Purchase to Pay SaaS platform serving large enterprises and public sector organizations, processing 472 billion NOK in annual spend across 1 million users with AI-driven invoice automation and contract compliance.

Ownership category

akta.pro rank

Product category

Procurement Software

NAICS

Software Publishers (513210)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Purchase-to-Pay (P2P) Operations (BPAAAJAA)

akta.pro secondary industries

Procurement, Vendor Management & Purchase-to-Pay (P2P) (FSAGAJAK), Vendor & Contract Management (Software/Cloud) (BPAEAOAD), Contract Administration Support (PO/Contract Compliance) (BPAAAJAE), Compliance, Risk & Supplier Due Diligence (KYC/ESG/Sanctions) (BPAAAJAK), Spend Analytics & Reporting Support (BPAAAJAJ)

Keywords

• Procurement software
• Invoice management
• Purchase to pay
• E-procurement platform
• Spend analytics

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription: Cloud-based subscription model for Purchase to Pay software covering procurement and invoice management. Pricing is based on organization size, transaction volume, and feature requirements. No on-premise option is offered as Proceedo is a fully cloud-based solution.
2. Success Packages: Tiered service levels through Success packages (Plus and Premium) that provide different levels of support, guidance, and Success Plans for customer onboarding and ongoing optimization.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Proceedo sells a cloud-based Purchase to Pay (P2P) SaaS platform that automates the entire procurement lifecycle from contracts and orders through invoice processing to payment and analytics. The software automates invoice matching against orders using AI/ML-based account suggestion coding, enforces contract compliance, and provides spend visibility, with the Proceedo+ ecosystem extending the platform with AI-driven direct procurement, sustainable procurement, consultant procurement, meal planning, and invoice firewall add-ons.

Product overview

Proceedo is a cloud-based Purchase to Pay (P2P) software platform providing a comprehensive suite for the entire procurement process from demand to payment. The core platform includes Purchase to Pay as the main unified product, with integrated modules for Procurement System (e-commerce), Invoice Management, Analytics, and Public Sector E-commerce. The Proceedo+ ecosystem extends the platform with specialized add-on modules including Dirra (AI-powered direct procurement), Meal Planning, Consultant Procurement, InvoiceFirewall, Sustainable Procurement, and Spend Analysis. The company also provides support platforms including Proceedo Community and Proceedo Academy for user enablement, plus a Supplier Center portal for supplier interactions. Proceedo processes approximately 472 billion NOK in annual spend, 14 million invoices, and 3.6 million orders across 1 million users.

Differentiator

Problem solved

Functional benefit

Products and services

• Purchase to Pay Complete cloud-based procurement and accounts payable solution covering the entire purchasing process from contract and order through invoice processing to payment and follow-up, for large Nordic enterprises and the Swedish public sector.
• Inköpssystem (Procurement System) E-commerce and procurement module that enables organizations to centralize purchasing, standardize processes, and improve supplier interactions through automated workflows and approval processes.
• Fakturahantering (Invoice Management) Automated invoice processing solution reducing manual work by up to 85%, with automatic three-way matching against orders and AI-based suggestion coding for account allocation.
• Analytics Spend visibility and analytics module providing organizations with dashboards and reporting for tracking purchasing patterns, supplier performance, and cost savings.
• E-handel Offentlig sektor (Public Sector E-commerce) Specialized e-commerce solution for Swedish public sector organizations that streamlines and automates public procurement processes in compliance with LOU (public procurement law).
• Proceedo+ Extended solution platform offering specialized add-ons including meal planning, consultant procurement, spend analysis, sustainable procurement, AI-powered direct procurement, and invoice firewall security.
• Dirra (Direktupphandlingar med AI) AI-powered direct procurement solution for competitive tendering processes, helping organizations make purchasing decisions through artificial intelligence within the Proceedo+ ecosystem.
• Måltidsplanering (Meal Planning) Meal planning solution designed for organizations in the public sector, particularly within the Proceedo+ ecosystem.
• Inköp av konsulter (Consultant Procurement) Specialized module for managing consultant and external workforce procurement, ensuring right competence at right price and terms for both recruiters and consultants (integrated with Vakanta).
• InvoiceFirewall Security add-on within Proceedo+ focused on invoice protection and fraud prevention.
• Hållbara inköp (Sustainable Procurement) Module supporting sustainable and ethical procurement practices, helping organizations make responsible purchasing decisions.
• Spendanalys (Spend Analysis) Spend analytics tool providing comprehensive dashboards with 50+ expandable charts for analyzing purchasing by category, supplier, transaction, or contract compliance (Spendency integration).
• Proceedo Community Customer community platform for knowledge sharing, best practices, peer support, and support ticket management among Proceedo users.
• Proceedo Academy E-learning platform for Proceedo administrators, offering training resources for optimizing their Proceedo experience at their own pace.
• Supplier Center Portal for suppliers to send electronic messages free of charge to customers using Proceedo, enabling efficient supplier-customer communication.

Quantifiable outcome

• 85% reduction in manual invoice processing work
• +5 more outcomes

Named customers11 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

Integration1 record

AI capability3 records

Feature6 records

Partnerships

Three partnerships are on record, tiered core and minor.

• VismacoreOthersProceedo is a wholly-owned subsidiary of Visma Group, one of the largest software companies in the Nordics. Being part of Visma provides access to significant resources, R&D capabilities, and cross-selling opportunities within the Visma customer base.
• SpendencycoreTechnology or IntegrationSpendency is an integrated spend analytics tool available through Proceedo+. It provides comprehensive dashboards with up to 50 graphs for visualizing spending patterns, supplier analysis, and category management. Offers plug-and-play deployment with authorization-controlled access.
• ExcitecminorChannel Partner/ Reseller/ DistributorPartner channel for serving smaller organizations with P2P solutions for moderate invoice flows. Excitec provides P2P services to customers who don't need full enterprise-scale Proceedo implementation.

Scale indicators14 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• GEP: End-to-end procurement and supply chain software suite, competing with Proceedo for large enterprise and public sector P2P modernization opportunities.
• Coupa Software: Global business spend management platform offering P2P, procurement and supply chain capabilities, competing with Proceedo for large-enterprise and public sector contracts.
• SAP Ariba: SAP's procurement and P2P suite offering sourcing, contract management and invoice automation. Competes with Proceedo for large enterprise procure-to-pay deals, particularly when ERP consolidation is a priority.
• Jaggaer: Indirect procurement and supplier management platform serving large enterprises and public sector, comparable to Proceedo in P2P and contract compliance scope.

Direct peers

• Ivalua: Provider of a unified source-to-pay platform with strong P2P and spend analytics capabilities, directly competing for enterprise procurement modernization deals.
• Tradeshift: Cloud-based procure-to-pay and supply chain finance platform, overlapping with Proceedo on electronic invoice processing and supplier network functionality.
• Proactis: Procurement and P2P software provider focused on mid-market and enterprise buyers, comparable to Proceedo in source-to-pay and spend analytics offerings.
• Basware: Nordic-headquartered provider of cloud-based purchase-to-pay and accounts payable automation, directly competing with Proceedo in the same region with overlapping invoice automation and procurement functionality.
• Medius: Sweden-based AP automation and P2P vendor competing head-to-head with Proceedo on invoice automation, AI-based coding and ERP integration in the Nordic market.

Emerging players

• Sievo: Nordic spend analytics provider that complements ERP/P2P stacks. Overlaps with Proceedo's Spendency-integrated analytics and could partner or compete in Nordic spend visibility deals.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/proceedo

Compliance1 record

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 Proceedo