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Draft:Order.co

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Order.co
Company typePrivate
IndustryProcurement
Founded2016
FounderZach Garippa (CEO) Tom Jaklitsch (CTO)
Headquarters156 5th Ave, 7th Floor, New York, NY, 10010
ProductsProcurement, AP Automation, Virtual Cards, Spend Management, Working Capital Management
Number of employees
51-200
Websiteorder.co

Order.co is a B2B Procurement and Finance Automation platform that offers software to centralize purchasing, approvals, payments, and reporting.[1] The company is headquartered in the Flatiron District of New York City.[2]

Order.co serves mid-sized and larger enterprises across various industries, including Hospitality, Property Management, Retail, Coworking, Fitness, Healthcare, Wellness, Early Childhood Education, and Non-Profit. Customers include WeWork, Hugo Boss, AvantStay, LaserMD, Suitsupply, 1800contacts, Pacaso, Dolce & Gabbana, Nobu Hotel Atlanta, New York Kids Club, Loro Piana, MINISO, Verano, Removery, FAO Schwarz, SoulCycle, Black Elm, and Orangetheory Fitness.[3]

History

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Order.co was co-founded in 2016 by Zach Garippa and Tom Jaklitsch.[4][5] After spending time with procurement, operations, and finance professionals, Garippa discerned that outdated systems added unnecessary complexity to their daily workflows.[1] This discovery led to the creation of Negotiatus.

In 2022, Negotiatus rebranded to Order.co. This announcement came shortly after the company raised an additional $30M in funding from Stage 2 Capital, Clocktower Ventures, Collaborative Fund, Seven Peaks Ventures, and Ankona.[6] As of July 2025, Order.co has raised $70M in funding from MIT, Stage 2 Capital, Rally Ventures, and 645 Ventures.[7]

Technology and Features

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Procurement Automation

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In the Order.co platform, users can manage custom product catalogs, source lower-cost suppliers, set custom approval workflows, and view fulfillment updates for all orders placed within the platform. Its automation tools include purchase order (PO) creation, vendor consolidation, and real-time budget tracking.[8]

Accounts Payable Automation

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Order.co's accounts payable (AP) features include automatic 3-way matching, GL coding, vendor payments, reconciliation, and live reporting. Its direct accounting software integrations include Quickbooks Online, Netsuite, and Sage Intacct. These integrations enable direct syncing of financial data and support multi-entity accounting structures.[9]

Working Capital Management

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Order.co offers working capital management features such as Buy Now, Pay Later, universal payment terms, and consolidated billing for orders placed across vendors within its platform.[10]

Virtual Cards

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With Order.co's virtual cards, businesses can pay for purchases that would not be placed through a typical product catalog, such as software and service vendors, while still benefiting from consolidated billing and analytics.[10]

AI technologies

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Order.co AI analyzes thousands of vendor price points and learns from every transaction, return, and support ticket across its customer base to offer product recommendations from its 17k+ vendor network. The AI analyzes historical purchasing trends, supplier performance, and tariff changes to provide alternatives when a user's typical products are impacted by supply chain disruptions, pricing increases, and other shifting market dynamics.[7]

Order.co AI parses vendor emails to extract the critical order updates and conveys them to users in one email per day, so that businesses can track order statuses from all vendors in one place. Order.co AI flags when a purchase deviates from historical purchasing patterns in terms of pricing or quantity, and alerts approvers before the order is placed.[7]

Partnerships

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As a Workday Select Partner, Order.co collaborated with Workday to develop an embedded B2B e-commerce experience within the Workday platform.[11] Order.co's "Integrated Search" functionality enables users to search for and purchase items from approved suppliers within the Workday interface. The tool allows teams to browse pre-approved catalogs containing contracted pricing and alternative options. Orders placed through the platform generate pre-populated requisitions. Once approved, Order.co manages vendor fulfillment, and invoices are automatically coded and uploaded into Workday.

In 2025, Order.co integrated with Avalara's tax compliance automation technology. This functionality allows customers to register their exemption status once and apply exemptions to eligible purchases across vendors at the time of purchase. The Avalara integration also enables reporting features to calculate tax obligations, mitigate sales tax liability, and reduce the amount owed during audits.[12]

Recognition and Awards

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Order.co has received awards related to procurement, finance, accounting, and AI, including:

  • RetailTech Breakthrough: AI Procurement Platform of the Year 2025 – The RetailTech Breakthrough Awards program conducts the industry's most comprehensive analysis of technologies driving innovation and shaping the future of retail.[13]
  • Built In 2025 Best Place to Work – Built In determines the winners of Best Places to Work based on an algorithm using company data about compensation and benefits. The program also weighs criteria like remote and flexible work opportunities, DEI programs, and other people-first cultural initiatives.[14]
  • Capterra Shortlist 2025 – Capterra Shortlist identifies the top products in various software categories based on user ratings and overall popularity. Each Capterra Shortlist may include 10-25 products, depending on the number of top-scoring products in a category.[15]
  • GetApp Category Leaders 2025 – The GetApp Category Leaders award recognizes top-rated software in each category based on user ratings for usability, functionality, customer service, value, and likelihood to recommend.[16]
  • Inc. 5000 Fastest Growing Companies 2023-2024 – The Inc. 5000 list ranks companies based on three years of annual revenue growth and is considered America's entrepreneurial benchmark.[17]
  • Top 100 Financial Technology Company 2024 – Companies recognized in the 100 Top Financial Companies of 2024 list were selected based on research into their products and solutions, customer adoption, management team caliber, organizational effectiveness, and organizational depth.[18]
  • CIOReview Procurement Solution of the Year 2024 – The Procurement Solution of the Year award is a prestigious accolade granted by CIO Review to honor outstanding innovation in procurement technology. The selection process involves an extensive evaluation by a panel of industry experts and the publication's editorial board.[1]
  • Benzinga Global Fintech Awards Finalist 2024 – The Benzinga Global Fintech Awards celebrate the most transformative companies, platforms, and individuals shaping the future of financial technology.[19]
  • Spend Matters 50 Providers to Watch 2019-2024 – Spend Matters tracks some 1,500+ procurement and supply chain technology and services providers. Analysts evaluate market data to build an annual list that recognizes fast-rising companies that develop innovative products in the market.[20]

Order.co Competitors

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Competitors include Ramp, Birchstreet, Precoro, Procurify, Tipalti, and Coupa.[21]

References

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  1. ^ a b c "Order.co: B2B Procurement Made as Simple as Online Shopping". CIOReview. Retrieved 2025-07-29.
  2. ^ March 17, Rebecca Baird-Remba; Pm, 2022 5:09 (2022-03-17). "Software, Investment Firms Take Space at 156 Fifth Avenue". Commercial Observer. Retrieved 2025-07-29. {{cite web}}: |first2= has numeric name (help)CS1 maint: numeric names: authors list (link)
  3. ^ "Customer Success Stories | Real Stories, Remarkable Results". Order.co. Retrieved 2025-07-29.
  4. ^ Crook, Jordan (2020-02-11). "Negotiatus, looking to help businesses optimize purchasing, raises $10 million". TechCrunch. Retrieved 2025-07-29.
  5. ^ Ventures, Rally (2023-07-13). "The Rally Ventures SaaS+ Playbook". Medium. Retrieved 2025-07-29.
  6. ^ PRNewswire (2022-01-25). "Negotiatus Raises $30M in Series B Funding, Rebrands to Order". MarTech Series. Retrieved 2025-07-29.
  7. ^ a b c "Shaping the Future of Business Buying with Order.co AI - Biz Tech Outlook". https://biztechoutlook.com/. 2025-07-04. Retrieved 2025-07-29. {{cite web}}: External link in |website= (help)
  8. ^ "Best Purchasing Software: In-depth Top 10 Solutions in 2024". www.controlhub.com. Retrieved 2025-07-29.
  9. ^ "Accounting Integrations | Quickbooks, Netsuite, Sage". Order.co. Retrieved 2025-07-29.
  10. ^ a b "Net Terms, Capital Advances and More | Financial Offerings". Order.co. Retrieved 2025-07-29.
  11. ^ "Software Connect Partners | Workday". www.workday.com. Retrieved 2025-07-29.
  12. ^ isaacobannon (2025-04-02). "Order.co Chooses Avalara for Sales Tax Automation and Compliance". CPA Practice Advisor. Retrieved 2025-07-29.
  13. ^ "2025 Winners". RetailTech Breakthrough. Retrieved 2025-07-29.
  14. ^ "Best Places to Work - Built In for Employers". Retrieved 2025-07-29.
  15. ^ "2025 Capterra Shortlist for Purchasing". Capterra. Retrieved 2025-07-29.
  16. ^ "Highest Rated Procurement software & apps 2025 - Category Leaders". GetApp. Retrieved 2025-07-29.
  17. ^ "Inc. 5000 2024: Meet the Companies Building the Future". Inc.com. Archived from the original on 2025-07-16. Retrieved 2025-07-29.
  18. ^ jirehl (2024-11-19). "The Top 100 Financial Technology Companies of 2024 | The Financial Technology Report". Retrieved 2025-07-29.
  19. ^ Hasse, Javier. "Fintech's Finest: Benzinga Unveils 2024 Global Fintech Awards Finalists - DBX ETF Trust Xtrackers US National Critical Technologies ETF (ARCA:CRTC), iShares Bitcoin Trust (NASDAQ:IBIT)". Benzinga. Retrieved 2025-07-29.
  20. ^ "Order.co - Spend Matters". Spend Matters. October 16, 2024.{{cite web}}: CS1 maint: url-status (link)
  21. ^ "Top 10 Order.co Alternatives & Competitors". G2. November 7, 2024.
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