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About Order.co
Order.co is the first and only Spend Efficiency Platform that helps businesses save time, save money, and gain clarity into their spend. Order.co eliminates manual purchasing and payment tasks and gives your team one place to purchase, approve, track and pay for all the physical goods your business needs. With customizable budgets and reporting, operations and finance teams can take back control over the buying process and start spending efficiently.
Founded in 2016 and headquartered in New York City, Order.co oversees over half a billion in annualized spend across hundreds of customers like WeWork, SoulCycle, Hugo Boss, and Canna Provisions. Order.co has raised $50M in funding from industry-leading investors like MIT, Stage 2 Capital, Rally Ventures, 645 Ventures, and more. Order.co has been proudly named as a 50 to Watch by Spend Matters and a Best Place to Work by BuiltIn.
Put plainly: Order.co simplifies buying for businesses. Learn more below!
1. Purchase Everything in One Place
Radically reduce the time & money you spend on purchasing. Order.co makes it easy for businesses to automatically place and manage every order in one centralized location. No more complicated workflows, scattered spreadsheets, or uncertainty about your purchasing.
Features include, but are not limited to:
• Curating a custom product catalog
• Controlling purchasing through the catalog
• Saving money through group purchasing & dynamic sourcing
• Automating purchasing
• Tracking all your orders
2. Effortlessly Manage Payments & Accounting
Order.co makes paying your vendors easy, quick, and convenient. Leverage your payments as a strategy for growth. Free up cashflow and hours in your day spent on accounts payable with Order.co.
Features include, but are not limited to:
• Paying one bill per month instead of 100s (or 1000s)
• Accessing extended payment terms
• Achieving a 3-way match
• Automating invoice coding
• Sharing spend data seamlessly
3. More Control For You, More Autonomy For Them
Control every purchase with custom approvals and budgets, and increase visibility into your spend with detailed reporting.
Approval workflows fit for your organization:
• Generate approvals by GL code, user, vendor, location, cost center, and order subtotal
• Improve purchasing turnaround time with automatic order placement upon approval
• Edit purchase requests at the line item level to avoid back-and-forth communication and delays
• Centralize your approvals so that requests don’t get lost in your inbox or messages
Track and limit spending with customizable budgets:
• Leverage budgets for users, locations, or cost centers and set them to the cadence that works best for your team
• View changes in your budget as purchases are made, so your team never overspends
• Allocate portions of a budget to specific types of products to control exactly how money is spent
Detailed reporting for better spend decisions:
• Generate granular reports with spend broken down by user, vendor, location, and more
• View your spend and budgets in real-time to identify areas for cost savings
• Create more accurate forecasts with instant access to historical spend data and trend projections
Order.co pricing
Order.co does not have a free version and does not offer a free trial.
Starting Price:
Not provided by vendor
Free Version:
No
Free trial:
No
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Order.co Reviews
Feature rating
5 reviews of 110
View all reviews
Sarah
- Industry: Health, Wellness & Fitness
- Company size: 11–50 Employees
- Used Daily for 2+ years
-
Review Source
5
Reviewed on 15/04/2021
The Best!
I have used Negotiatus for 3+ years as my former and current company and they are truly phenomenal partners. They are much more than just vendors.
Pros
Negotiatus is incredible. They truly help businesses scale and consolidate while saving $$$ on product spend. Their customer service team is ready to handle all client needs 24/7 and they are constantly innovating and upgrading.
Cons
At first, reporting was a bit tedious but they have made significant improvements. They are always listening to customer feedback.
Aissata
- Industry: Retail
- Company size: 51–200 Employees
- Used Weekly for 2+ years
-
Review Source
5
Reviewed on 08/10/2024
Excellent service
The solution has grown a lot and is offering more to our organization. When we were limited to our catalog in the past, the off catalog order came up for example. It is really an efficient tool for the company.
Pros
The convenience : we have many people in our organization ordering various supplies to various location. Order.Co allows us to centralize our purchases, have a common catalogue, check orders and give approval and not worry about paying multiples suppliers but just one ! Order.Co is perfect for our type of organization with many locations.
Cons
We would like the services to be more integrated in Canada
Jackie
- Industry: Health, Wellness & Fitness
- Company size: 5,001–10,000 Employees
- Used Daily for 2+ years
-
Review Source
3
Reviewed on 07/03/2023
Sufficient product for smaller businesses, needs improvement on purchasing control and sourcing
Order was a manual process for me. It required frequent updates, manual catalog additions, and manual catalog maintenance. Reporting was not accurate for financial analysis, it was not always user friendly due to the search function on the catalog, and in the end, it did not help us control our spend. It was helpful for updating budgets, made it easier for accounting due to the invoice process, and helped users buy on one platform (for the items they could find).
Pros
This software made it easier for our users to buy what they needed in once place. Otherwise, we would have had to make separate accounts for different vendor websites.
Cons
The substitution preference "when savings is available" was not a very good option. It led to users receiving lower quality or even completely different products than what they ordered initially. The search function made it very difficult for people to find items already in the catalog. When people are purchasing off the catalog, they are unable to see organization preferred items. As the procurement team, we wanted to see other options not in the catalog that we could potentially buy from new vendors, so we can compare price differences on the platform. If we do not like to rely on the when savings are available, it puts the stress of sourcing on us and makes it very manual.Reporting is also not always accurate. An example is with prices for items. We received a report that showed us potential savings if we switched to a certain product from a different vendor for our items in the catalog. However, this report did not include units in the analysis. So the report would say that we would save money by switching from a bulk product to a product with less units in the pack, which would be cheaper overall, but not more cost effective if you look at cost per unit.
Alternatives Considered
CoupaReasons for Switching to Order.co
Coupa was very expensive, they charged by user. We have a lot of users, and as we grew, it was not a cost effective solution.
Lucky
- Industry: Health, Wellness & Fitness
- Company size: 501–1,000 Employees
- Used Daily for 2+ years
-
Review Source
5
Reviewed on 01/10/2024
Ordering made easy!
Pros
Easy one stop shop for ordering all things across our business. Great customer support and account manager. Ordering is easy and everything is made easy for me to do my job function. My favorite function is the Google chrome extension but also how we can tailor the order platform to our business structure.
Cons
Not many, all the issues we have had have been addressed or are currently in motion to becoming addressed. The support team is pretty responsive to any issues that arise.
Lesley
- Industry: Health, Wellness & Fitness
- Company size: 201–500 Employees
- Used Daily for 2+ years
-
Review Source
4
Reviewed on 23/10/2024
Improvements wish list
Pros
Centralized platform for our locations to order items and get things shipped to their locations.
Cons
-Reporting--I would love to see reporting by location by item each month so I can see on average how much we are spending on each item.
-Comparing pricing- I would love if the platform could give us price comparisons for items our team is consisently reordering. We don't always know if we are receiving the best pricing and our team has to search outside the platform and add items to the platform for less expensive options.
