Negotiatus, looking to help businesses optimize purchasing, raises $10 million

Negotiatus was founded by Zach Garippa and Tom Jaklitsch with an idea to detangle the process of purchasing supplies for a business. Garippa told TechCrunch that most solutions to this problem focus on one piece of the puzzle, serving finance or operations or the purchasers themselves, but ultimately making the process more difficult for the other functions in the business. For example, finance departments often have to manually review and remit payment for thousands of invoices a month, normally across at least several vendors and various formats. Operations can centralize order requests and approvals within the Negotiatus platform, and leverage analytics provided by the company to make better purchasing decisions. The first is a regular subscription model that charges on a monthly basis for each location on the platform.