As of today, most suppliers still deal with outdated manual processes. Being dependent on the supplier portal used by their customers, they have to log into dozens of different portals, navigating a variety of user interfaces, manually transferring order data between their own ERP system and supplier portals, correcting prices, or typing in invoices.
We at btov strongly believe it’s time for a change and are more than excited to lead Procuros’ EUR 1m pre-seed round.
Procuros is on a mission to build an integration hub that allows suppliers to easily integrate with their customers’ supplier portals and to fully digitally process any quotation, order and invoice document. The product is acting as a pure middleware platform which is not directly visible to the end-user who is now able to work frictionlessly out of the company’s internal ERP. Procuros facilitates the integration of a supplier’s ERP with the various procurement softwares, as illustrated below.
Suppliers only need to integrate with Procuros once to gain access to all the portals that the platform is integrated with, as opposed to integrating with each supplier portal individually. This results in large efficiency gains and cost savings for suppliers.
The company was founded by Patrick Thelen and Benjamin Wulff in early 2021. Both have a background in industrial engineering and have experienced the pain point of complicated business-to-business integration in corporate supply chains themselves. With Procuos, the team is tackling a significant problem in any kind of supply chain. Procuros’ initial target consists of medium-sized suppliers, with a focus on the manufacturing and food retail sector.
Here is why we are especially excited about Procuros:
Given all these highlights, we are very excited to welcome Procuros to the btov family and to lead their EUR 1m pre-seed round. We are joined by carefully selected angels, including Beate Fastrich (former CEO Estee Lauder), sennder co-founders David Nothacker, Nico Schefenacker and Julius Köhler, Joachim Drees (former CEO MAN), Holger Hengstler (former CEO dress-for-less), Marcell Vollmer (former CIO SAP Ariba und Celonis), Norbert Winkeljohann (former Global Head PwC, Advisory Board Deutsche Bank und Bayer), as well as Doreen Huber (former COO DeliveryHero and CEO LEMONCAT/Caterwings).
To all suppliers that have to work with dozens of procurement platforms: Feel free to reach out if you want to learn more about Procuros — we are happy to tell you more and connect you with the team!
To all fellow investors and entrepreneurs: Feel free to reach out to us ([email protected] and [email protected]) if you are interested to learn more about our view on the market or if you would like to get in touch with the founders.
If you want to learn more about how to digitally connect to your trade partners with the Procuros Integration Hub, schedule a free consultation with one of our experienced digitization experts here or contact us at [email protected]
This post was first published on Medium https://medium.com/brains-to-ventures/building-the-digital-backbone-for-b2b-communication-supply-chain-operations-c3d9e5d94a8c