Candex, founded in 2011 by Jeremy Lappin and Shani Vaza, is headquartered in New York with an additional office in Tel Aviv. It is a vendor management and procurement platform that handles supplier onboarding, contract management, purchase order exchange, invoicing, and payment within a single system.
Tail Spend Offering
Built specifically to solve the tail spend problem: acts as the counterparty for one-time or infrequent suppliers so enterprises can pay them through existing procure-to-pay processes without the cost and delay of full vendor onboarding, covering roughly 70 to 80 percent of a typical organization’s vendor base that represents only 3 to 5 percent of total spend.
FOUNDED
2011
HEADQUARTERS
New York, USA (+ Tel Aviv, Israel)
COMPANY TYPE
Private
GEOGRAPHIC COVERAGE
Global
Key Capabilities
Supplier onboarding
Contract management
PO and invoice processing
Payment facilitation
Cross-border, cross-currency support
Who It's Built For
Typical Customer
Large enterprises managing fragmented, high-volume supplier bases
Candex, founded in 2011, is a vendor management and procurement platform headquartered in New York with an additional office in Tel Aviv, handling supplier onboarding, contract management, purchase orders, invoicing, and payment within a single system.
How does Candex help with tail spend management?
Candex was built specifically to solve the tail spend problem. It acts as the counterparty for one-time or infrequent suppliers so enterprises can pay them through their existing procure-to-pay process without the cost and delay of full vendor onboarding, covering roughly 70 to 80 percent of a typical organization’s vendor base that represents only 3 to 5 percent of total spend.
What are Candex's key capabilities?
Supplier onboarding, contract management, PO and invoice processing, payment facilitation, and cross-border, cross-currency support.
Who is Candex built for?
Large enterprises managing fragmented, high-volume supplier bases.
